Circles Sample Clauses

The "Circles" clause defines the rules and parameters for forming, managing, or interacting with groups or subgroups—referred to as circles—within an organization or agreement. Typically, this clause outlines how circles are created, who can join or leave them, and what authority or responsibilities each circle holds. For example, it may specify voting rights within a circle or the process for dissolving a circle. The core function of this clause is to provide a clear framework for collaborative decision-making and delegation within a larger entity, ensuring that group activities are organized and governed effectively.
Circles. (a) Where Seller repurchases from Buyer or from any subsequent Buyer the same goods or part thereof, a circle shall be considered to exist for purposes of this clause. (b) If this contract forms part of a circle, each party may agree with the other parties in the circle to forego actual Delivery and to participate in a settlement agreement for the settlement of contract price di¦erences. Monies due and owed to parties in the circle shall be payable on the middle day of the contract Delivery Period. (c) If a circle can be shown to exist but no settlement agreement has been reached by the 10th calendar day following the last day of the Delivery Period, actual Delivery shall not be made and payment shall be made by each Buyer to its Seller of the excess of Seller’s invoice amount over the lowest invoice amount in the circle. Such payments shall be made promptly after the 10th calendar day following the last day of the Delivery Period. (d) Should any party in a circle fail to make payment on the due date as required under paragraph (b) or (c) above for reasons cited in Clause 23 or for any other reason, payment shall be made between each Buyer and its Seller of the di¦erence between the Seller’s invoice amount at contract price and the market value of the commodity on date of insolvency or default, as the case may be. Such payment shall be made latest on the 2nd business day after the due date under paragraph (b) or (c) above. Payments already made under paragraph (b) or (c) above shall be refunded. (e) All circle settlements shall be based on the mean contract quantity. If a circle under paragraph (b), (c) or (d) above exists, Clause 21 shall not apply and Clauses 18 and 20 shall not be invoked. Payments due on a non-business day shall be made not later than the following business day. All payments made after the Delivery Period shall include carrying charges from the day following the last day of the Delivery Period, to the date of payment, at the rates stipulated in this contract. These carrying charges shall be settled individually between each Buyer and its Seller. (f) The parties agree that any dispute arising out of the voluntary settlement agreement entered into in accordance with paragraph (b) above shall be subject to arbitration as to any party thereto. Such arbitration shall be conducted in accordance with the provisions of Clause 30.
View SourceView Similar (3)
Circles. Circles or Groups of Members may be formed, but only with the consent of the General Committee, for purposes which are not inconsistent with the objects or interests of the Club. They shall be subject to such regulations as may be made by the General Committee from time to time.
View Source
Circles. Let K be a point on a circle sitting inside and touching a stationary circle of twice its diameter. Describe the path of K as the smaller circle rolls round the larger one without sliding. K
View Source
Circles. For the purposes of this clause, a circle shall consist of a series of contracts in which each Seller is also a Buyer of a commodity of the same description and quality, and with compatible delivery periods.
View Source
Circles. The Board may establish such circles as it deems necessary, both standing and temporary.
View Source

Related to Circles

  • Sports related devices, services and medications used to affect performance primarily in sports- related activities; all expenses related to physical conditioning programs such as athletic training, bodybuilding, exercise, fitness, flexibility, and diversion or general motivation.

  • Corporate Seal The corporate seal shall have inscribed thereon the name of the Corporation, the year of its organization and the words “Corporate Seal, Delaware”. The seal may be used by causing it or a facsimile thereof to be impressed, affixed or otherwise reproduced.

  • Corporate Name No Borrower has been known by any other corporate name in the past five years and does not sell Inventory under any other name except as set forth on Schedule 5.6, nor has any Borrower been the surviving corporation of a merger or consolidation or acquired all or substantially all of the assets of any Person during the preceding five (5) years.

  • Stewards Each UNION shall have the right to designate a working journeyman as a ▇▇▇▇▇▇▇. The UNION shall notify the EMPLOYER in writing of the identity of their designated ▇▇▇▇▇▇▇. In addition to his work as an employee, the ▇▇▇▇▇▇▇ shall have the right to receive, but not to solicit, complaints or grievances, and to discuss and assist in the adjustment of the same with the employee's appropriate supervisor. The EMPLOYER will not discriminate against the ▇▇▇▇▇▇▇ in the proper performance of his union duties. The ▇▇▇▇▇▇▇ shall not leave his work area without first notifying his appropriate supervisor or ▇▇▇▇▇▇▇ as to his intent and the reason thereof, he can be reached, and the estimated time that he will be gone. Stewards shall not have the right to determine when overtime shall be worked or who shall work overtime. The EMPLOYER shall have the right to implement a system of written accountability of time spent by all stewards in the performance of their duties whenever they deem such action necessary. The presence or absence of the ▇▇▇▇▇▇▇ shall not affect the work of the craft. The ▇▇▇▇▇▇▇, in addition to this work as a journeyman, will be permitted to perform during the work hours such of his normal UNION duties as cannot be performed at other times. The UNION agrees that such duties shall be performed as expeditiously as possible and the EMPLOYER agrees to allow the ▇▇▇▇▇▇▇ a reasonable amount of time to perform such duties. The ▇▇▇▇▇▇▇ shall receive his regular craft rate of pay. The ▇▇▇▇▇▇▇'▇ duties shall not include any matters relating to any supervisory function over which the EMPLOYER retains sole control. If a ▇▇▇▇▇▇▇ violates any of the rules of this Article, or fails to work or competently perform work assignments, the EMPLOYER shall have the right to take whatever action deemed appropriate, including termination. The working ▇▇▇▇▇▇▇ designated for one EMPLOYER has no authority with regard to the work of another EMPLOYER. If he should become involved in the affairs or disputes of another EMPLOYER, he will be subject to discharge. The EMPLOYER agrees to notify the UNION two (2) working days, confirmed in writing stating the cause, prior to termination of the working ▇▇▇▇▇▇▇ except for a violation of work rules. The ▇▇▇▇▇▇▇ shall be the last EMPLOYEE laid off provided he is qualified to perform the remaining work of the EMPLOYER.

  • ENTERTAINERS AND SPORTSPERSONS 1. Notwithstanding the provisions of Article 14, income derived by a resident of a Contracting State as an entertainer, such as a theatre, motion picture, radio or television artiste, or a musician, or as a sportsperson, from that resident’s personal activities as such exercised in the other Contracting State, may be taxed in that other Contracting State. 2. Where income in respect of personal activities exercised by an entertainer or a sportsperson acting as such accrues not to the entertainer or sportsperson but to another person, that income may, notwithstanding the provisions of Article 14, be taxed in the Contracting State in which the activities of the entertainer or sportsperson are exercised.