Crown action Sample Clauses

The 'Crown action' clause defines the rights and procedures that apply when the government (the Crown) takes certain actions that may affect the contract. Typically, this clause outlines what happens if the government exercises statutory powers, such as requisitioning goods or services, or intervening in the contract for public interest reasons. For example, it may specify how compensation is determined if the Crown takes possession of materials or suspends work. The core function of this clause is to clarify the parties' rights and obligations in the event of government intervention, thereby managing risk and ensuring both parties understand the consequences of such actions.
Crown action. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement requires the Crown (or the Access Provider if different from the Crown) to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome. of HER MAJESTY THE QUEEN IN RIGHT OF NEW ZEALAND by her in the presence of: Signature of witness Full name of witness Address Occupation of TOLL NZ CONSOLIDATED LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney 1. PRINCIPLES:
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Crown action. Notwithstanding anything to the contrary in this agreement, nothing in this agreement requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome.
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Crown action. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome. of HER MAJESTY THE QUEEN IN RIGHT OF NEW ZEALAND by her in the presence of: Signature of witness Full name of witness Address Occupation SIGNED for and on behalf of TOLL NZ LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney of TOLL NZ CONSOLIDATED LIMITED by: Signature of Attorney Signature of Attorney Full name of Attorney Full name of Attorney 1. “Rail Network” All of the rail network currently owned or (to the extent capable of being transferred or otherwise made available for the benefit of the Crown) held or otherwise used by any member of the Toll Rail Group (including the ▇▇▇▇▇▇▇ to Helensville section of the North Auckland line which is the subject of an agreement between the Crown and Toll Rail), including: (a) all improvements on, under, or above the Surrender Land; (b) to the extent necessary or desirable to operate or maintain that rail network, all infrastructure assets (including all of the assets listed in sub-paragraphs (a) to (f) of the definition of “Infrastructure” in paragraph 3 of this Part A) on, under, or above the Retained Land; and (c) all rights, interests, and assets necessary or desirable for the Crown to: (i) become the owner, operator, and maintainer of Toll Rail’s rail network; and (ii) meet its obligations under clause 7.1 in respect of any Assigned Contracts, Network Encumbrances, or Network Entitlements, and its obligations under any Transaction Document.
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Crown action. Notwithstanding anything to the contrary in this Deed, nothing in this Deed requires the Crown to exercise, or use, any regulatory or legislative powers in order to influence or affect an outcome.
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Related to Crown action

  • Bail-In Action Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (i) through (iv) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.21(b)) upon delivery of written notice of such determination to the Borrower, each LC Issuing Bank and each Lender.

  • Certain Actions Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):

  • Own Account Such Purchaser understands that the Securities are “restricted securities” and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Securities as principal for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting such Purchaser’s right to sell the Securities pursuant to the Registration Statement or otherwise in compliance with applicable federal and state securities laws). Such Purchaser is acquiring the Securities hereunder in the ordinary course of its business.

  • Legal Action If you are dissatisfied with the determination of your claim, and have complied with applicable state and federal law, you are entitled to seek judicial review. This review will take place in an appropriate court of law. Under state law, you may not begin court proceedings prior to the expiration of sixty (60) days after the date you filed your claim. In no event may legal action be taken against us later than three (3) years from the date you were required to file the claim. For members covered by a group (employer sponsored) health plan, your plan may be subject to the Employee Retirement Income Security Act of 1974 (ERISA), as amended. Under federal law, if your plan is subject to ERISA you may have the right to bring legal action under section 502(a) of ERISA after you have exhausted all appeals available under the plan. That means, for both medical and administrative appeals, federal law requires that you pursue a final decision from the plan, prior to filing suit under section 502(a) of ERISA. For a medical appeal, that final decision is the determination of the appeal. You are not required to submit your claim to external review prior to filing a suit under section 502(a) of ERISA. Consult your employer to determine whether this applies to you and what your rights and obligations may be. If you are dissatisfied with the decision on your claim, and have complied with applicable state and federal law, you are entitled to seek judicial review. This review will take place in an appropriate court of law.

  • Other Action If the Corporation, after the date hereof, shall take any action affecting the Common Shares other than action described in Section 4.1, which in the reasonable opinion of the directors of the Corporation would materially affect the rights of Registered Warrantholders, the Exercise Price and/or Exchange Rate, the number of Common Shares which may be acquired upon exercise of the Warrants shall be adjusted in such manner and at such time, by action of the directors, acting reasonably and in good faith, in their sole discretion as they may determine to be equitable to the Registered Warrantholders in the circumstances, provided that no such adjustment will be made unless any requisite prior approval of any stock exchange on which the Common Shares are listed for trading has been obtained.