Drafting Notes Sample Clauses

The "Drafting Notes" clause serves as a section within a contract or legal document that provides guidance, explanations, or commentary for the benefit of the drafters or reviewers. These notes often clarify the intent behind certain provisions, suggest alternative language, or highlight issues that may require further negotiation or customization. By including drafting notes, the document helps ensure that all parties involved in the drafting process understand the rationale behind specific clauses and can make informed decisions, ultimately promoting clarity and reducing the risk of misunderstandings during contract preparation.
Drafting Notes the template includes drafting notes to aid use in the preparation of a contract between the parties. These should be removed before the contract is executed. The template assumes that the parties are familiar with the DSDM Agile Project Framework. References in the notes to the "Handbook" are references to the DSDM Agile Project Framework Handbook. The template does not describe the process or the principles on which its clauses are based and reference should be made to the Handbook as necessary. We recommend that the parties should complete the Project Approach Questionnaire (Handbook, Appendix B) before using the DSDM Agile Project Framework. If this indicates that the parties are, or will be, aligned in their understanding of the statements contained in the questionnaire then this template will provide the most suitable model for their contract. It is also recommended that the parties should revisit the questionnaire periodically (e.g. after the Feasibility or Foundations Phases) to confirm that the approach remains applicable. The template is intended to be used between two legally distinct parties, though it could also be used within a single legal body with distinct functional allocations. It therefore assumes that the Pre-Project and Post-Project Phases described in Chapter 6 of the Handbook will be conducted by the Customer outside the scope of the Contract. The template provides for the conduct of the other phases.
View SourceView Similar (2)
Drafting Notes. In addition to the drafting notes appearing in [red italicised text] within the template, please note: The Terms and Conditions (Clauses 1 to 24) are mandatory and must not be amended, unless specifically marked. If you wish to amend any of those terms and conditions, please speak to the SCI Centre Legal Team or consult the Legal Manual once available. Schedules 1 (Available Services), 2, (Purchase Order Form/Scope of Work Template) and 3 (Reference Charges and Payment Terms) should be completed by the SCI office setting up the framework relationship. Schedules 4 (Mandatory Policies) and 5 (Data Protection) are mandatory and must not be removed, replaced or amended unless specifically marked. The template has been designed on the basis that fees and charges for services will be agreed at the outset and fixed for the duration of the framework agreement. If for a particular order the price has to be varied (for instance the cost of providing services in a particular area is higher), then the parties will have to document the variation in writing in the relevant ordering document (Purchase Order or Scope of Work).
View Source
Drafting Notes. Note that this is only an example and may not be suitable for your purposes. It is provided for general information purposes only and does not constitute legal or other professional advice or an opinion of any kind. Legal advice should always be obtained before adopting any template, including this one.
View Source
Drafting Notes. Drafting Note to Section 1.
View Source
Drafting Notes. In addition to the drafting notes appearing in [red italicised text] within the template, please note: The Terms and Conditions (Clauses 1 to 26) are mandatory and must not be amended, unless specifically marked. If you wish to amend any of those terms and conditions, please speak to the SCI Centre Legal Team or consult the Legal Manual once available.
View Source
Drafting Notes 
View Source

Related to Drafting Notes

  • Advising Notes It is recommended that potential applicants meet with an advisor to review the degree, course schedule, transfer policies and have any questions answered prior to completing an application. ▇▇▇▇▇▇ accepts transfer courses in which the student earned a letter grade of "C" or better. Additional policies such as the ▇▇▇▇▇▇ Sunset and Residency Requirement should be discussed with a ▇▇▇▇▇▇ advisor. Students who are completing the MTA may have different general education course requirements for the particular degree selected. Meeting with a ▇▇▇▇▇▇ advisor prior to the selection of general education or elective coursework may reduce the chance of completing a course that will not apply toward the selected degree. Students must work with their ▇▇▇▇▇▇ advisor to declare a Minor or Concentration and for the selection of Directed Electives. Once admitted, students are required to complete an orientation and should continue to meet with an advisor as they work toward graduation. To schedule an appointment or for additional transfer resources and policies see our Transfer Resource page. *Indicates an approved ▇▇▇▇▇▇ course substitution ▇▇▇▇▇▇ has reverse transfer agreements with several Michigan Community Colleges. Under such agreement, ▇▇▇▇▇▇ will provide your official University transcript to a partner school you have attended, so that they may grant you an associate or bachelor's degree upon completion of sufficient and appropriate credit hours from both institutions. In turn, the degree-granting institution will provide ▇▇▇▇▇▇ with an updated transcript reflecting the newly earned credential. ▇▇▇▇▇▇ participates in the Michigan Transfer Agreement (MTA). This agreement will facilitate the transfer of general education requirements from one Michigan institution to another. Students may complete the MTA as part of a degree program or as a stand-alone package. The MTA consists of a minimum of 30 general education credit hours as identified by the college or university. Students transferring to Ferris with the Michigan Transfer Agreement (MTA) and entering a degree program will have met a 30-hour block of lower-level general education courses. However, this does not exempt students from completing program-specific prerequisites or higher-level general education course requirements. Students should contact their advisor regarding classes that meet the MTA.

  • New Notes For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders for the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective original Note, (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes and (4) if Note A-1 is severed into “component” notes, another note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Designated Holder” and “Directing Holder” and the definitions of “Lead Note” and “Lead Securitization” and “Non-Directing Holder” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation or split.

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Execution of Agreement; Notes On or prior to the Initial Borrowing Date, (i) the Effective Date shall have occurred and (ii) there shall have been delivered to the Administrative Agent for the account of each Lender which has requested the same the appropriate Revolving Note and to the Swingline Lender if so requested, the Swingline Note, in each case executed by the Borrower and in the amount, maturity and as otherwise provided herein.

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.