CERTAIN SPECIFIC TERMS Clause Samples

The "Certain Specific Terms" clause serves to highlight and define particular terms or conditions within a contract that require special attention or have unique meanings. This clause typically lists out words or phrases that, for the purposes of the agreement, are assigned specific definitions or interpretations that may differ from their ordinary usage. By clearly identifying these terms, the clause ensures that all parties have a mutual understanding of key concepts, thereby reducing ambiguity and minimizing the risk of disputes over interpretation.
CERTAIN SPECIFIC TERMS. For purposes of this Agreement, the following terms shall have the following meanings:
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CERTAIN SPECIFIC TERMS. For purposes of this Agreement, the following terms shall have the following meanings: (a) ACCOUNT DEBTOR means the person, firm, or entity obligated to pay a Receivable.
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CERTAIN SPECIFIC TERMS. In this Agreement: (a) the term "Affiliate" of a Person means a --------- Person controlling, under common control with or controlled by such Person; (b) the term "Person" means any individual, partnership, joint venture, corporation, ------ trust or incorporated organization or any other business entity, in each case whether acting in an individual, fiduciary or other capacity; (c) the term "Subsidiary" of a Person means a corporation as to which 50% or more of the ----------- outstanding voting stock is owned or controlled, directly or indirectly, by that Person.
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CERTAIN SPECIFIC TERMS. Section 1.2. Singulars and Plurals..................................9 Section 1.3. U.C.C. Definitions.....................................9
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CERTAIN SPECIFIC TERMS. For purposes of this Agreement, the following terms shall have the following meanings: (a) ACCOUNT DEBTOR means the person, firm, or entity obligated to pay a Receivable. (b) ADVANCE means a loan made to Debtor by Secured Party pursuant to this Agreement. (c) BORROWING CAPACITY means, at the time of computation, (i) the lesser of (A) $8,000,000.00, or (B) 80% of the Receivables Borrowing Base, minus (ii) the aggregate amount of any banker’s acceptances, letters of guaranty, or letters of credit issued by Secured Party, for Debtor’s account, in favor of a third party. (d) CONSOLIDATED SUBSIDIARY means any corporation of which at least 50% of the voting stock is owned by Debtor directly, or indirectly through one or more Consolidated Subsidiaries. If Debtor has no Consolidated Subsidiaries, the provisions of this Agreement relating to Consolidated Subsidiaries shall be inapplicable, without affecting the applicability of such provisions to Debtor alone. (e) CREDIT means any discount, allowance, credit, rebate, or adjustment granted by Debtor with respect to a Receivable, other than a cash discount not in excess of 10%. (f) EXTENSION means the granting to an Account Debtor of additional time within which such Account Debtor is required to pay a Receivable. (g) INELIGIBLE RECEIVABLES means the aggregate amount of the following described Receivables, and of any other Receivables which, in the reasonable discretion of Secured Party, are not satisfactory for credit or any other reason, such aggregate amount to be computed as of the last business day of the immediately preceding month, or computed at any other time in the sole discretion of Secured Party. (i) Any Receivable which has remained unpaid for more than 120 days after the invoice date shown on the invoice evidencing such Receivable. (ii) Any Receivable with respect to which a representation or warranty contained in Sections 4.1, 4.3, and 4.4 was not, or does not continue to be, true and accurate, including, without limitation, any Receivable subject to a setoff, defense or counterclaim or dispute. (iii) In the reasonable discretion of Secured Party, any Receivable with respect to all or part of which a check, promissory note, draft, trade acceptance, or other instrument for the payment of money has been received, presented for payment, and returned uncollected for any reason. (iv) Any Receivable on which Debtor has extended the time for payment without the consent of Secured Party, except as provided in ...
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CERTAIN SPECIFIC TERMS. 16 8.6.4 Material Adverse Effect . . . . . . . . . . . . . . . 16 8.7 Counterparts . . . . . . . . . . . . . . . . . . . . . . . . 16 8.8
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CERTAIN SPECIFIC TERMS. For purposes of this Agreement, the following terms shall have the following meanings: (a) Account Debtor means the person, firm, or entity obligated to pay a Receivable.
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CERTAIN SPECIFIC TERMS. For purposes of this Loan Agreement, the following terms shall have the following meanings:
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CERTAIN SPECIFIC TERMS. For purposes of this Agreement, the following terms shall have the following meanings: ( a) ACCOUNT DEBTOR means the person, firm, or entity obligated to pay a Receivable. (b) ADVANCE means a revolving loan made to Debtor by Secured Party pursuant to Section 2.1.
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Related to CERTAIN SPECIFIC TERMS

  • Specific Terms Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings:

  • Country Specific Terms Appendix A contains additional terms and conditions of the Agreement applicable to Participants residing in those countries. In addition, Appendix A also contains information and notices of exchange control and certain other issues of which the Participant should be aware.

  • CLOUD SPECIFIC TERMS AND CONDITIONS To the extent that Contractor has received an award for Lot 3, Cloud, the following terms and conditions apply to Lot 3, Cloud. For the duration of an Authorized User Agreement, the Cloud Solution shall conform to the Cloud Solution Manufacturer’s specifications, Documentation, performance standards (including applicable license duration, warranties, guarantees, Service Level Agreements, service commitments, and credits). Contractor is responsible for providing physical and logical security for all Data, infrastructure (e.g. hardware, networking components, physical devices), and software related to the services the Contractor is providing under the Authorized User Agreement. All Data security provisions agreed to by the Authorized User and Contractor within the Authorized User Agreement may not be diminished for the duration of the Authorized User Agreement without prior written agreement by the parties amending the Authorized User Agreement.

  • Product Specific Terms these terms apply to specific Products referenced in this section.

  • Specific Terms and Conditions To the extent that Contractor has received an award for Lot 4, Implementation Services, the following terms and conditions apply to Lot 4 Implementation Services. All Services covered under Lot 4 – Implementation Services must be performed within CONUS. An RFQ for this Lot will be awarded based on, and result in, a deliverable-based Statement of Work (SOW) which will be incorporated into an Authorized User Agreement. The RFQ will include but is not limited to: Authorized User timeframes; system integration requirements; and other risks that may affect the cost to the Authorized User. All responses to RFQs must include detailed price information, including but not limited to: hours required per title, cost per hour, etc. Travel, lodging and per diem costs must be itemized in the total quote and may not exceed the rates in the NYS OSC Travel Policy. More information can be found at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇.▇▇.▇▇/agencies/travel/travel.htm. All costs must be itemized and included in the Contractor’s quote. Article 17-B of the New York State Executive Law provides for more meaningful participation in public procurement by certified Service-Disabled Veteran-Owned Businesses (“SDVOB”), thereby further integrating such businesses into New York State’s economy. OGS recognizes the need to promote the employment of service-disabled veterans and to ensure that certified service-disabled veteran-owned businesses have opportunities for maximum feasible participation in the performance of OGS contracts. In recognition of the service and sacrifices made by service-disabled veterans and in recognition of their economic activity in doing business in New York State, Bidders are expected to consider SDVOBs in the fulfillment of the requirements of the Contract. Such participation may be as subcontractors or suppliers, as protégés, or in other partnering or supporting roles.