Contractual and Financial Matters Sample Clauses

The 'Contractual and Financial Matters' clause defines the rules and procedures governing the financial obligations and contractual responsibilities between the parties involved. It typically outlines how payments are to be made, the timing and method of invoicing, and the handling of expenses or reimbursements. This clause ensures that both parties have a clear understanding of their financial commitments and contractual duties, thereby reducing the risk of disputes and promoting transparency in the business relationship.
Contractual and Financial Matters. 18.1.3.1 Notwithstanding Article 18.1.1.4, a Member who has any interest, direct or indirect, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and is part of the decision-making process shall (a) declare the nature and extent of the interest as soon as possible and no later than the meeting at which the matter is to be considered; (b) refrain from taking part in any discussion or voting in relation to the matter; and (c) withdraw from the meeting when the matter is being discussed. 18.1.3.2 In particular, and without limiting the generality of the foregoing, unless specifically authorized by the ▇▇▇▇▇▇▇ and Vice-Principal (Academic) or designate, after full written disclosure of the conflict, a Member shall not (a) with University funds or with funds administered by the University, knowingly authorize the purchase of equipment, supplies, services or real property from a source with which the Member, or any individual with whom she/he has an immediate familial, sexual or financial relationship, has a material financial interest; or (b) engage any individual with whom the Member has an immediate familial, sexual or financial relationship in any capacity for which remuneration comes from University funds or from funds administered by the University.
View SourceView Similar (23)
Contractual and Financial Matters. 9.6.1 A Member who has any interest, directly or indirectly, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and is part of the decision making process with respect to same, shall, (a) declare the nature and extent of the interest as soon as possible and no later than any meeting in which the Member participates and at which the matter is to be considered; (b) refrain from taking part in any discussion or decision-making vote in relation to the matter; and (c) withdraw from any meeting when the matter is being discussed if requested to do so by a majority of the members present at the meeting. 9.6.2 In particular, and without limiting the generality of the foregoing, unless specifically authorized by the Vice-President: Academic or designate after full written disclosure of the conflict, Members shall not: (a) with University funds or with funds administered by the University, knowingly authorize the purchase of equipment, supplies, services, or real property from a source with which the Member, or any individual with whom she/he has an immediate familial, marital, sexual or financial relationship, has a material financial interest; (b) engage any individual with whom the Member has an immediate familial, marital, sexual or financial relationship in any capacity for which remuneration comes from University funds or from funds administered by the University.
View SourceView Similar (15)
Contractual and Financial Matters. 16.3.1 Notwithstanding Article 16.1.4, a Member who has any interest, direct or indirect, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and who is part of the decision-making process shall (a) declare the nature and extent of the interest as soon as possible and no later than the meeting at which the matter is to be considered; (b) refrain from taking part in any discussion or vote in relation to the matter; (c) withdraw from the meeting when the matter is being discussed. 16.3.2 In particular, and without limiting the generality of the foregoing, unless specifically authorized by the Vice-Principal (Academic) or designate, after full written disclosure of the conflict, a Member shall not (a) with University funds or with funds administered by the University, knowingly authorize the purchase of equipment, supplies, services or real property from a source in which the Member, or any individual with whom she/he has an immediate familial, sexual or financial relationship, has a material financial interest; or (b) engage any individual with whom the Member has an immediate familial, sexual or financial relationship in any capacity for which remuneration comes from University funds or from funds administered by the University.
View SourceView Similar (3)
Contractual and Financial Matters. 18.1.8.1 Notwithstanding Article 18.1.4, a Member who has any interest, direct or indirect, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and is part of the decision-making process shall (a) declare the nature and extent of the interest as soon as possible and no later than the meeting at which the matter is to be considered; (b) refrain from taking part in any discussion or voting in relation to the matter; and (c) withdraw from the meeting when the matter is being discussed.
View SourceView Similar (2)
Contractual and Financial Matters. Notwithstanding Article a Member who has any interest, direct or indirect, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and who is part of the decision-making process shall
View SourceView Similar (2)
Contractual and Financial Matters. ‌ 9.6.1 A Member who has any interest, directly or indirectly, in any contract, transaction, (a) declare the nature and extent of the interest as soon as possible and no later than any meeting in which the Member participates and at which the matter is to be considered; (b) refrain from taking part in any discussion or decision-making vote in relation to the matter; and (c) withdraw from any meeting when the matter is being discussed if requested to do so by a majority of the members present at the meeting. 9.6.2 In particular, and without limiting the generality of the foregoing, unless specifically authorized by the Vice-President: Academic or designate after full written disclosure of the conflict, Members shall not: (a) with University funds or with funds administered by the University, knowingly authorize the purchase of equipment, supplies, services, or real property from a source with which the Member, or any individual with whom they have an immediate familial, marital, sexual or financial relationship, has a material financial interest; (b) engage any individual with whom the Member has an immediate familial, marital, sexual, intimate partner, or financial relationship in any capacity for which remuneration comes from University funds or from funds administered by the University.
View Source
Contractual and Financial Matters. 6.1 Partners agree to develop and implement a joint fundraising strategy under this banner to add value to their cash and in-kind contributions. To include a joint application to the Heritage Lottery Fund Sharing Heritage grant programme which incorporates ▇▇▇▇▇▇▇▇’s Get the Art Bug 2017, the Widgets Exhibition Project. 6.2 Partners agree that transport costs will be shared equally between the Partners. 6.3 Partners agree that all other costs associated with delivering the exhibition in each venue will be underwritten by each organisation separately, not withstanding the fundraising strategy outlined above. 6.4 Partners agree to a minimum of £5,000 cash contribution towards the delivery of the joint marketing strategy. 6.5 Partners agree to a minimum of £10,000 cash contribution towards exhibition production. 6.6 Partners agree to share opportunities connected with the Project, and to assist each other as far as practical in reducing risks of delay or slippage to the Project from whatever reason. 6.7 Partners agree to jointly procure services and supplies when economies of scale can be achieved and it is practical to do so. 6.8 Intellectual Property Rights (IPR) of any services and products produced by or as part of the Project shall reside with the Bugshire Arts Partnership Programme Board for the duration of the Project, subject to resolution of the Board. At the close of the Project, the Board shall transfer any such IPR to an appropriate individual Partner. A schedule of IPR shall be maintained by the Project Team. 6.9 Partners commit to providing appropriate level of resources to facilitate this partnership work.
View Source
Contractual and Financial Matters. A Member who has any interest, directly or indirectly, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and is part of the decision making process with respect to same, shall.
View Source
Contractual and Financial Matters. 9.6.1 A Member who has any interest, directly or indirectly, in any contract, transaction, proposed contract or proposed transaction under consideration by the University and is part of the (a) declare the nature and extent of the interest as soon as possible and no later than any meeting in which the Member participates and at which the matter is to be considered; (b) refrain from taking part in any discussion or decision-making vote in relation to the matter; and (c) withdraw from any meeting when the matter is being discussed if requested to do so by a majority of the members present at the meeting. 9.6.2 In particular, and without limiting the generality of the foregoing, unless specifically authorized by the Vice-President: Academic or designate after full wri tten disclosure of the conflict, Members shall not: (a) with University funds or with funds administered by the University, knowingly authorize the purchase of equipment, supplies, services , or real property from a source with which the Member, or any individual with whom she/he has an immediate familial, marital, sexual or financial relationship, has a material financial interest; (b) engage any individual with whom the Member has an immediate familial, marital, sexual or financial relationship in any capacity for which remuneration comes from University funds or from funds administered by the University.
View Source

Related to Contractual and Financial Matters

  • Financial Matters (a) The Borrower has heretofore furnished to the Lender copies of (i) the audited consolidated balance sheets of the Borrower and its Subsidiaries as of December 31, 1998, 1997, and 1996, and the related statements of income, stockholders' equity and cash flows for the fiscal years then ended, together with the opinion of KPMG Peat Marwick thereon or PricewaterhouseCoopers, and (ii) the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of June 30, 1999, and the related statements of income, stockholders' equity and cash flows for the nine-month period then ended. Except as set forth in Schedule 4.11(a) attached hereto, such financial statements have been prepared in accordance with Generally Accepted Accounting Principles (subject, with respect to the unaudited financial statements, to the absence of notes required by Generally Accepted Accounting Principles and to normal year-end audit adjustments) and present fairly the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the respective dates thereof and the consolidated results of operations of the Borrower and its Subsidiaries for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and the notes thereto, there are no material liabilities or obligations with respect to the Borrower or any of its Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due). (b) The Borrower has heretofore furnished to the Lender copies of the Annual Statements of each of the Insurance Subsidiaries as of December 31, 1998, 1997, 1996 and 1995, and for the fiscal years then ended, each as filed with the relevant Insurance Regulatory Authority (collectively, the "Historical Statutory Statements"). Except as set forth in Schedule 4.11(b) attached hereto, the Historical Statutory Statements (including, without limitation, the provisions made therein for investments and the valuation thereof, reserves, policy and contract claims and statutory liabilities) have been prepared in accordance with Statutory Accounting Principles (except as may be reflected in the notes thereto and subject, with respect to the Quarterly Statements, to the absence of notes required by Statutory Accounting Principles and to normal year-end adjustments), were in compliance with applicable Requirements of Law when filed and present fairly the financial condition of the respective Insurance Subsidiaries covered thereby as of the respective dates thereof and the results of operations, changes in capital and surplus and cash flow of the respective Insurance Subsidiaries covered thereby for the respective periods then ended. Except for liabilities and obligations disclosed or provided for in the Historical Statutory Statements (including, without limitation, reserves, policy and contract claims and statutory liabilities), no Insurance Subsidiary had, as of the date of its respective Historical Statutory Statements, any material liabilities or obligations of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that, in accordance with Statutory Accounting Principles, would have been required to have been disclosed or provided for in such Historical Statutory Statements. All books of account of each Insurance Subsidiary fully and fairly disclose all of its material transactions, properties, assets, investments, liabilities and obligations, are in its possession and are true, correct and complete in all material respects. (c) Each of the Borrower and its Subsidiaries, after giving effect to the consummation of the transactions contemplated hereby, (i) will have capital sufficient to carry on its businesses as conducted and as proposed to be conducted, (ii) will have assets with a fair saleable value, determined on a going concern basis, (A) not less than the amount required to pay the probable liability on its existing debts as they become absolute and matured and (B) greater than the total amount of its liabilities (including identified contingent liabilities, valued at the amount that can reasonably be expected to become absolute and matured), and (iii) will not intend to, and will not believe that it will, incur debts or liabilities beyond its ability to pay such debts and liabilities as they mature.

  • Compliance with Laws and Material Contractual Obligations Each Loan Party will, and will cause each Subsidiary to, (i) comply with each Requirement of Law applicable to it or its property (including without limitation Environmental Laws) and (ii) perform in all material respects its obligations under material agreements to which it is a party, except, in each case, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Each Loan Party will maintain in effect and enforce policies and procedures designed to ensure compliance by such Loan Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.

  • Compliance with Laws and Contractual Obligations Each Credit Party will (a) comply with and shall cause each of its Subsidiaries to comply with (i) the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority (including, without limitation, laws, rules, regulations and orders relating to taxes, employer and employee contributions, securities, employee retirement and welfare benefits, environmental protection matters and employee health and safety) as now in effect and which may be imposed in the future in all jurisdictions in which any Credit Party or any of its Subsidiaries is now doing business or may hereafter be doing business and (ii) the obligations, covenants and conditions contained in all Contractual Obligations of such Credit Party or any of its Subsidiaries other than those laws, rules, regulations, orders and provisions of such Contractual Obligations the noncompliance with which could not be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, and (b) maintain or obtain and shall cause each of its Subsidiaries to maintain or obtain all licenses, qualifications and permits now held or hereafter required to be held by such Credit Party or any of its Subsidiaries, for which the loss, suspension, revocation or failure to obtain or renew, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. This Section 2.1 shall not preclude any Credit Party or its Subsidiaries from contesting any taxes or other payments, if they are being diligently contested in good faith in a manner which stays enforcement thereof and if appropriate expense provisions have been recorded in conformity with GAAP, subject to Section 3.2.

  • SUBCONTRACTUAL RELATIONS 5.3.1 By written agreement, the Contractor shall require each Subcontractor, to the extent of the Work to be performed by the Subcontractor, to be bound to the Contractor by the terms of the Contract Documents, and to assume toward the Contractor all the obligations and responsibilities

  • Contractual Obligations and Similar Investments From time to time, the Fund's Investments may include Investments that are not ownership interests as may be represented by certificate (whether registered or bearer), by entry in a Securities Depository or by Book-Entry Agent, registrar or similar agent for recording ownership interests in the relevant Investment. If the Fund shall at any time acquire such Investments, including without limitation deposit obligations, loan participations, repurchase agreements and derivative arrangements, the Custodian shall (a) receive and retain, to the extent the same are provided to the Custodian, confirmations or other documents evidencing the arrangement; and (b) perform on the Fund's account in accordance with the terms of the applicable arrangement, but only to the extent directed to do so by Instruction. The Custodian shall have no responsibility for agreements running to the Fund as to which it is not a party other than to retain, to the extent the same are provided to the Custodian, documents or copies of documents evidencing the arrangement and, in accordance with Instruction, to include such arrangements in reports made to the Fund.