DISCLOSURE CLAUSE Sample Clauses
A Disclosure Clause sets out the terms under which information may be shared between parties involved in an agreement. Typically, it defines what types of information are subject to disclosure, the circumstances under which disclosure is permitted or required, and any limitations or obligations regarding the use of disclosed information. For example, it may require one party to provide relevant financial data or notify the other of material changes affecting the agreement. The core function of a Disclosure Clause is to ensure transparency and facilitate informed decision-making by obligating parties to share necessary information, thereby reducing the risk of misunderstandings or hidden liabilities.
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DISCLOSURE CLAUSE. 39.1 The Borrower hereby consents to the collection (including by way of video recordings and/or recorded voice calls), use, disclosure, processing and transfer by SIF and its directors, agents, employees or officers without any liability or further notice to the Borrower, any information confidential or otherwise whatsoever regarding the Borrower, the personal data and particulars of the Borrower and/or any Guarantors, the moneys, the Motor Vehicles, the securities, this Deed and other relevant particulars of any account or accounts which the Borrower now has or may hereafter have with SIF (whether alone or jointly with any person) or of any matters or transactions in relation to the Facility or facilities granted and/or secured hereunder including but not limited to the credit standing, financial position and payment records of the Borrower and generally any other information, relating to the Borrower and its account or accounts with SIF (collectively the “Information”) to any person whether located in or outside Singapore for any business and legal purposes whatsoever as the Owner deem fit or reasonable including but not limited to:-
(i) any branch, agency, representative office, affiliated, associated or related corporation of SIF and their respective officers, servants or agents, whether situated in or out of Singapore (collectively, “SIF Group of Companies”);
(ii) any Guarantors or co-Guarantors for the Facility or facilities or other person who has undertaken or propose to undertake any liability to SIF or has provided or propose to provide any security to SIF in respect of or for the Facility or facilities;
(iii) any solicitor(s) and professional advisors acting for SIF, the Borrower, any Guarantors or any other party involved with the Facility and facilities or any security thereof, for purposes in connection with any enforcement of the rights, powers, remedies and benefits of SIF in relation to the account or accounts of the Borrower, the Facility or facilities and any security given in connection therewith;
(iv) any person engaged by SIF to collect any sums of money owing to SIF by the Borrower and/or the Guarantor and/or to recover or repossess the securities for any purposes in connection therewith; the Commissioner of Stamp Duties, the Accounting and Corporate Regulatory Authority, and/or any other government officials or departments or relevant bodies to whom SIF deem fit to disclose the information, for purposes in connection with stamping ...
DISCLOSURE CLAUSE. 5.1 The Customer(s) consent(s) to the Bank and/or any of its personnel disclosing any information (including personal information), whether in India or otherwise:
(a) To any of its affiliates or providers who have a legitimate business purpose for obtaining such information, including offering the Customers products or services in connection with or to facilitate the use of Locker or for risk management purposes.
(b) To any of its providers, affiliates or any other third party as the Bank may consider necessary in order to give effect to any electronic instructions or transaction or to comply with any order or request of any court, government, regulatory, statutory or other competent authority in any jurisdiction.
(c) To any information gathering or processing organisation or department conducting survey(s) on our behalf.
(d) To any service provider for the purpose of or in connection with investigating any complaint or dealing with any query relating to Bank’s services or products.
5.2 The Customer understands and agrees that the Customer’s personal information may be held and processed on computers of the Bank, its service providers and/or contractors for providing certain Locker services and value-added services, statistical analysis, etc.
DISCLOSURE CLAUSE. All provisions pertaining to the lease of the Leased Premises have been included in this instrument, including the statement of the true consideration to be paid for the execution of this lease and the rights and duties of the parties. Any collateral agreements concerning the development of Oil and Gas from the Leased Premises which are not contained in this lease are invalid.
DISCLOSURE CLAUSE. All provisions pertaining to the lease of the above-described land have been included in this instrument, including the statement of the true consideration to be paid for the execution of this lease and the rights and duties of the parties. Any collateral agreements concerning the development of oil and gas from the leased premises which are not contained in this lease render this lease invalid.
DISCLOSURE CLAUSE. The Company shall meet annually with the Union, at which time it shall provide the Union with copies of all 5500 forms it has filed, actuarial evaluations of the Pension Plan, claims experience of claims paid under the Life, Health, and Dental Insurance Plans, and other reasonable information which the Union shall request, and shall explain and discuss all items provided with the Union. The Life Insurance, Medical/Prescription Drug, Dental, Pension Plans and Retirement Savings Plan benefits for all active Bargaining Unit employees are subject to negotiations. The continued existence of this Plan, however, is contingent on continued approval by all State and Federal agencies. It is agreed that the Medical/Prescription Drug and Dental benefits are subject to periodic review and revision at interim periods for the duration of this Agreement. Effective October 16, 2008, the Company and the Union agree that the minimum Medical Plan reserve level will be equal to 1.5 times the average of the last 12 months of claims plus retention excluding administrative expenses. Therefore, if at any time the medical reserve balance goes below the new minimum reserve level, the Company and the Union will agree to an increase in premiums, benefit redesign or a combination of both, which will be calculated on the basis that the reserve level will not dip below the new stipulated minimum reserve level (1.5 times the average of the last twelve months of claims plus retention). If, at any time after the Medical Plan reserves are equal to or less than 1.0 times the average of the last 12 months of claims plus retention excluding administrative expenses, the Company and Union actuaries will determine what increase would be necessary to return the reserve level to 1.5. If there is no agreement, then the increase shall be the average of the 2 premium levels determined by the Company and Union actuaries. Such increase will be effective the first of the month following when the reserve reaches the 1.0 level. The premiums will be determined at the same pro-rata basis as previously established. Should the medical reserve level exceed 2.0, the Company and Union will meet to discuss adjustments in both parties contributions to be effective on the first of the next calendar year to reestablish the 1.5 reserve level. The Company and the Union agree that premiums will be adjusted based on reports and recommendations of the Company’s and the Union’s Actuaries after they have reviewed the premium...
DISCLOSURE CLAUSE. The Company shall meet annually with the Union, at which time it shall provide the Union with copies of all 5500 forms it has filed, actuarial evaluations of the Pension Plan, claims experience of claims paid under the Life, Health, and Dental Insurance Plans, and other reasonable information which the Union shall request, and shall explain and discuss all items provided with the Union. The Life Insurance, Medical/Prescription Drug, Dental, Pension Plans and Retirement Savings Plan benefits for all active Bargaining Unit employees are subject to negotiations. The continued existence of this Plan, however, is contingent on continued approval by all State and Federal agencies. It is agreed that the Medical/Prescription Drug and Dental benefits are subject to periodic review and revision at interim periods for the duration of this Agreement. Effective October 16, 2008, the Company and the Union agree that the minimum Medical Plan reserve level will be equal to 1.5 times the average of the last 12 months of claims plus retention excluding administrative expenses. Therefore, if at any time the medical reserve balance goes below the new minimum reserve level, the Company and the Union will agree to an increase in premiums, benefit redesign or a combination of both, which will be calculated on the basis that the reserve level will not dip below the new stipulated minimum reserve level (1.5 times the average of the last twelve months of claims plus retention). If, at any time after the Medical Plan reserves are equal to or less than
DISCLOSURE CLAUSE. An integrity pact as directed by Ministry of Finance Government of Pakistan is attached as per Appendix “G”.
DISCLOSURE CLAUSE. The Guarantors understands that as a pre-condition, relating to grant of the loans/advances/other non- fund based Credit Facility to the Borrower and furnishing of guarantee in relation thereto, the Bank requires consent of the Guarantors of the Credit Facility granted/to be granted by the Bank for the disclosure by the Bank of information relating to the Guarantors,, obligations as assumed by the Guarantors/s in relation to the Credit Facility availed by the Borrower and default, if any, committed in discharge thereof. Accordingly, the Guarantors agrees and gives consent for the disclosure by the Bank of all or any such:
1. Information and data relating to Guarantors.
2. the information or data relating to Guarantor's/obligations in any credit facility granted/to be granted by the Bank and guaranteed by the Guarantors and
3. Default, if any committed by the Guarantors in discharge of Guarantor's obligation as the Bank may deem appropriate and necessary to disclose and furnish to Companies (CIC). and any other agency authorized in this behalf by RBI.
4. The Guarantor hereby gives specific consent to the Bank/Lender for disclosing / submitting the 'financial information' as defined in Section 3 (13 ) of the Insolvency and Bankruptcy Code, 2016 ( 'Code' for brief ) read with the relevant Regulations/ Rules framed under the Code, as amended and in force from time to time and as specified there under from time to time, in respect of the guarantees given, securities created for securing the Credit/ Financial facilities availed by the Borrower from the Bank/ Lender, from time to time, to any 'Information Utility' ( 'IU' for brief ) as defined in Section 3 ( 21 ) of the Code, in accordance with the relevant Regulations framed under the Code, and directions issued by Reserve Bank of India to the banks from time to time and hereby specifically agree to promptly authenticate the 'financial information submitted by the Bank/Lender, as and when requested by the concerned 'IU' The Guarantors declare that the information and data furnished by the Guarantors to the Bank are true and correct. The Guarantors undertake that –
1. The Companies (CIC). and any other agency so authorized may use, process the said information and date disclosed by the Bank in the manner as deemed fit by them and
2. The Companies (CIC). and other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to Banks/Financial Institut...
DISCLOSURE CLAUSE. SECTION 1. A “bad-faith Employer” for purposes of this Agreement is an Employer that itself, or through a person or persons subject to an owner’s control, has ownership interests (other than a non-controlling interest in a corporation whose stock is publicly traded) in any business entity that engages in work within the scope of SFUA Article 1 herein above using Employees whose wage package, hours, and working conditions are inferior to those prescribed in this Agreement or, if such business entity is located or operating in another area, inferior to those prescribed in the Agreement of the sister local Union affiliated with Sheet Metal Workers’ International Association, AFL-CIO in that area. An Employer is also a “bad-faith Employer” when it is owned by another business entity as its direct subsidiary or as a subsidiary of any other subsidiary within the corporate structure thereof through a parent-subsidiary and/or holding-company relationship, and any other business entity within such corporate structure is engaging in work within the scope of SFUA Article 1 herein above using Employees whose wage package, hours, and working conditions are inferior to those prescribed in this Agreement or, if such other business entity is located or operating in another area, inferior to those prescribed in the Agreement of the sister local Union affiliated with Sheet Metal Workers’ International Association, AFL-CIO in that area.