Explanation of Events Sample Clauses

The 'Explanation of Events' clause requires one party to provide a clear and detailed account of specific occurrences or actions relevant to the agreement. Typically, this clause obligates a party to describe the circumstances surrounding an incident, such as a delay, breach, or other significant event, often in writing and within a set timeframe. Its core function is to ensure transparency and facilitate understanding between parties, helping to resolve disputes or clarify responsibilities by documenting what happened and why.
Explanation of Events. The following paragraphs describe the activities listed in the sequence of events shown above.
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Explanation of Events. TSA understands that the following paragraphs describe the activities listed in the sequence of events.
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Explanation of Events. The following items describe the activities listed in the schedule of events shown above.
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Related to Explanation of Events

  • Notification of Error The Trust will notify USBFS of any discrepancy between USBFS and the Trust, including, but not limited to, failing to account for a security position in the Fund’s portfolio, upon the later to occur of: (i) three business days after receipt of any reports rendered by USBFS to the Trust; (ii) three business days after discovery of any error or omission not covered in the balancing or control procedure; or (iii) three business days after receiving notice from any shareholder regarding any such discrepancy.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

  • Determination of Excise Tax Liability Unless the Company and the Executive otherwise agree in writing, the Company will select a professional services firm (the “Firm”) to make all determinations required under this Section 6, which determinations will be conclusive and binding upon the Executive and the Company for all purposes. For purposes of making the calculations required by this Section 6, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Executive will furnish to the Firm such information and documents as the Firm reasonably may request in order to make determinations under this Section 6. The Company will bear the costs and make all payments for the Firm’s services in connection with any calculations contemplated by this Section 6. The Company will have no liability to the Executive for the determinations of the Firm.