Clause 6 Sample Clauses
Clause 6 typically outlines the obligations and responsibilities of the parties involved in an agreement. It may specify the actions each party must take, deadlines for performance, or standards that must be met during the course of the contract. For example, it could require one party to deliver goods by a certain date or maintain certain quality standards. The core function of this clause is to clearly define what is expected from each party, thereby reducing ambiguity and helping to prevent disputes over performance.
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Clause 6. Contract agreement The contractor shall, when called upon so to do by the Engineer-in-charge enter into and execute a contract agreement in the form annexed. Performance security In every case where performance security has been provided, as specified in item (h) of Memorandum of Work, contractor shall furnish/maintain the performance security for the extended period of completion under Clause 37 of the Agreement. All compensations or the sums of money payable by the contractor under the terms of this contract may be deducted from or paid by the sale of sufficient part of his performance security, and in the event of his performance security reduced by reason of any such deduction or sale as aforesaid the contractor shall within ten days thereafter make good in cash or other securities as aforesaid any sum or sums which may have been deducted from, or raised by sale of performance security or any part thereof. The performance security deposit / additional performance security deposit lodged by a contractor (in cash or/other form) shall be refunded to him after the expiry of three months after the issue of the certificate of completion of the work under Clause 40 hereof by the Engineer-in-charge or along with the final bill if it is prepared after that period on account of some unavoidable circumstances.
Clause 6. 0 - Employer's agents Delegated authority The authority of the principal agent to issue contract instructions [17.1] and perform duties for specific aspects of the works is delegated to agents as follows [6.
Clause 6. 1. shall not prohibit the use or disclosure of information: which is in or comes into the public domain without breach of this agreement by the recipient thereof (“the Recipient”); which is lawfully acquired by the Recipient from any third party who did not directly or indirectly acquire the same from the party to this agreement disclosing the same (“the Discloser”) subject to any obligations of confidentiality; which is not of a confidential or trade secret nature; if and to the extent required by any law or regulatory rule, provided that unless not practicable/ permissible in the circumstances the Recipient shall give the Discloser notice of any such proposed disclosure before the same is made.
Clause 6. 1.1 shall not exclude or restrict:
(i) REA, REA Listco or any of their respective Subsidiaries from holding, directly or indirectly, less than 5 per cent. of the issued shares or debentures of any company listed on any stock exchange and provided that REA, REA Listco and their respective Subsidiaries do not have a board seat or any governance rights in relation to such company;
(ii) REA, REA Listco or any of their respective Subsidiaries from holding passive financial investments or instruments that only provide economic exposure to any of the Restricted Territories (including any real estate business activities);
(iii) REA, REA Listco or any of their respective Subsidiaries from, directly or indirectly, possessing an interest in or being engaged in a business that is targeted outside of the Restricted Territories, but whose prospective or existing customers may access the business’ services from inside any of the Restricted Territories;
(iv) REA’s, REA Listco’s or any of their respective Subsidiaries’ operations outside of the Restricted Territories; or
(v) REA, REA Listco and each of their respective Subsidiaries, acquiring all or any portion of any business or entity (an “Acquired Entity”), whether through the acquisition of shares or assets or through merger, joint venture or other structure, that includes or operates any REA Restricted Business, provided that:
(a) such REA Restricted Business constitutes less than 10 per cent. of the revenue of the Acquired Entity at and following the acquisition; or
(b) in the event such REA Restricted Business constitutes 10 per cent. or more of the revenue of the Acquired Entity, either at the time of the acquisition or at such later date (due to growth of the REA Restricted Business or a decline in revenue of other aspects of the Acquired Entity’s business), the relevant purchaser has, within the Restricted Business Divestment Period, completed a Restricted Business Divestment.
Clause 6. 10.1(a) above shall not oblige the Lender to do anything which would or might in its reasonable opinion constitute a breach of:
(a) any law or regulation;
(b) any policy of the Lender;
(c) any fiduciary duty; or
(d) any duty of confidentiality.
Clause 6. 1 shall not apply if and to the extent that the Party using or disclosing Confidential Information or making such announcement can demonstrate that:
(a) such disclosure or announcement is required by law or by any stock exchange or any supervisory, regulatory, governmental or anti-trust body (including, for the avoidance of doubt, any tax authority) having applicable jurisdiction; or
(b) the Confidential Information concerned has come into the public domain other than through its fault (or that of its Representatives) or the fault of any person to whom such Confidential Information has been disclosed in accordance with this clause 6.3.
Clause 6. 4 applies where the rights of the Administrative Agent under Clause 6.2 are so extensive in relation to a body corporate which has issued Affected Securities (the “Issuer”) that:
6.3.1 the Administrative Agent (or its nominee) holds a majority of the voting rights of the Issuer; or
6.3.2 the Administrative Agent (or its nominee) is a member of the Issuer and has the right to appoint or remove a majority of its board of directors; or
6.3.3 the Administrative Agent (or its nominee) is a member of the Issuer and controls alone, pursuant to an agreement with other shareholders or members, a majority of the voting rights of the Issuer.
Clause 6. 5: The Sponsor, or its Agent, should include any Ethically-Approved Participant Payments within the table prior to sharing the Agreement with the Trial Site. The table includes examples of the prices which should be entered here and allows for the Sponsor, or its Agent, to specify the basis on which the payment will be made (for example, hourly, per visit, etc.). The examples can be modified as needed. Rows should be deleted or added to the table as needed. If there will be no Ethically-Approved Participant Payments, enter “not applicable” as the Ethically-Approved Participant Payment, and enter the price as £0.00. Ensure the table is completed in the Appendix before the contract is executed. Clause 6.6: Three options are presented to the Sponsor or its Agent for how Expenses will be paid. More than one option may be appropriate to include in the Agreement; only the relevant option(s) should be retained. Discussion with the Trial Site to agree which option(s) are appropriate may be needed before sharing the Agreement. The options are not exclusive of each other. At least one option must be chosen. If the third option is chosen (use of a pre-payment card) the Sponsor should indicate which Party is responsible for providing the pre-payment card. Clause 6.7: Three options are presented to the Sponsor for how Ethically-Approved Participant Payments will be paid, or if no such payments are to be made. More than one option may be appropriate to include in the Agreement; only the relevant option(s) should be retained. Discussion with the Trial Site to agree which option(s) are appropriate may be needed before sharing the Agreement. Options 1 and 2 are not exclusive of each other. At least one option must be chosen. Clause 6.9: This is an optional clause for use when the Sponsor or its Agent intends to provide an Expenses float to the Trial Site to allow for Trial Site payment of Expenses. If an Expenses float is to be provided, the value of this float in GBP should be inserted into this clause. If no Expenses float is to be provided, Clause 6.9 should be deleted prior to sharing the Agreement with the Trial Site.
Clause 6. 8.3 will not apply to the Confidential Information referred to in clause 6.1.2.