General conditions1 Sample Clauses

The 'General Conditions' clause establishes the foundational rules and terms that govern the overall agreement between the parties. It typically covers broad topics such as definitions, interpretation, governing law, and the general rights and obligations of each party. For example, it may specify how notices should be delivered or outline the process for amending the contract. The core function of this clause is to provide a consistent framework that ensures clarity and predictability throughout the contract, reducing the risk of misunderstandings or disputes.
General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which: a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date;
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General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which: a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which 1The links for the main European Regulations regarding payment services are: - ▇▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/info/business-economy-euro/banking- and-finance/consumer-finance-and-payments/payment- services/payment-services_ro - ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇/regulation-and-policy/payment- services-and-electronic-money/-/activity- list/MgjX6aveTl7v/more the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date; c) the Customer has not breached commitments assumed toward the Bank, and the orders could not cause any prejudice to the Bank; d) the payment order is adequately authorized in virtue of the effective legislation and the provisions of this Contract, is clearly filled in and issued in the required format; e) the payment order comprises the information indicated under section 5.3; f) the Bank has no doubt that the payment order is issued by the Customer; g) in order to execute the transaction the Bank would not act against legal provisions or other applicable obligations; h) the Bank does not suspect fraudulent activity; i) the execution of the instruction cannot cause any limit or any restriction applicable to the Customer’s account to be exceeded; j) the Bank has no other valid reason for not executing the transaction. .
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General conditions1. 5.1.1. The payment transactions ordered by the Customer shall be executed to the extent to which: a) the balance of the current account fully covers the value of the transactions, as well as commissions and charges payable to the Bank; b) the account from which the payment was ordered is not declared unavailable based on a court decision, enforceable deed, garnishment notification, precautionary garnishment notification, any other unavailability act issued by competent authorities or criminal investigation bodies in virtue of the legal provisions which are applicable on the unavailability date; c) the Customer has not breached commitments assumed toward the Bank, and the orders could not cause any prejudice to the Bank; d) the payment order is adequately authorized in virtue of the effective legislation and the provisions of this Contract, is clearly filled in and issued in the required format; e) the payment order comprises the information indicated under section 5.3; f) the Bank has no doubt that the payment order is issued by the Customer; g) in order to execute the transaction the Bank would not act against legal provisions or other applicable obligations; h) the Bank does not suspect fraudulent activity; i) the execution of the instruction cannot cause any limit or any restriction applicable to the Customer’s account to be exceeded; j) the Bank has no other valid reason for not executing the transaction. .
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Related to General conditions1

  • General Conditions (i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement. (ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. (iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.

  • General Condition The Aircraft will: (a) be clean by international airline standards; (b) have installed the full complement of engines and other material equipment, parts and accessories and loose equipment required under the Agreed Maintenance Program and installed in the other Boeing/▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ MD-87 aircraft operated by Lessee (together with any additions and improvements thereto, or replacements thereof, effected pursuant to and in accordance with this Agreement) and be in a condition suitable for immediate operation in commercial service; (c) be airworthy, conform to type design and be in a condition for safe operation with all equipment, components and systems operating in accordance with their intended use and within limits established by the manufacturer and approved by the Aviation Authority, and all pilot discrepancies and deferred maintenance items cleared on a terminating action basis; (d) have a U.S. Standard Transport Category Certificate of Airworthiness issued by the FAA in accordance with FAR Part 129 (or if required by the Lessor, be eligible for a valid export certificate of airworthiness with respect to the Aircraft issued by the Aviation Authority) and unconditionally meet all FAA requirements for immediate operations under FAR Part 129; (e) comply with the manufacturer's original specification to the extent that it so complied on the date of this Agreement and subject to any alterations made pursuant to and in accordance with this Agreement after such date; (f) have undergone, immediately prior to redelivery, the MSG-3 equivalent of a "C" Check in accordance with the Agreed Maintenance Program so that all Airframe inspections falling due within the next 3,000 hours, 3,000 cycles or twelve months (whichever is applicable and most limiting) of operation in accordance with the Agreed Maintenance Program have been accomplished; (g) if the Flight Hours of the Airframe remaining until the scheduled completion of the Major Checks (collectively, a "Complete Heavy Work Package") on the Expiry Date are: (i) less than on the Delivery Date, then the Lessee shall pay to the Lessor an amount equal to the product of (a) the number of Flight Hours remaining until the scheduled completion of a Complete Heavy Work Package as of the Expiry Date that are less than the number of Flight Hours that were remaining until the scheduled completion of a Complete Heavy Work Package as of the Delivery Date (b) multiplied by US$50.00, provided, however, that no payment shall be due from -------- ------- Lessee under this clause (g)(i) if, immediately preceding the redelivery of the Aircraft, the Lessee has performed a Complete Heavy Work Package; (ii) more than on the Delivery Date, then the Lessor shall pay to the Lessee an amount equal to the product of (a) the number of Flight Hours remaining until the scheduled completion of a Complete Heavy Work Package as of the Expiry Date that are more than the number of Flight Hours that were remaining until the scheduled completion of a Complete Heavy Work Package as of the Delivery Date (b) multiplied by US$50.00; For the avoidance of doubt, any amounts due to the Lessor pursuant to this clause (g) may be set off against any amounts due to Lessee pursuant to paragraphs (b) or (d) of Schedule 10 and a payment made for the net amount due; (h) have complied with all airworthiness directives and mandatory orders affecting that model of Aircraft issued by the Aviation Authority (and, if different, the FAA) that are required terminating action during the Term; (i) no special or unique manufacturer inspection or check requirements specific to the Aircraft will exist unless there is no terminating action available from any source; (j) have installed all applicable vendor's and manufacturer's service bulletin kits received free of charge by the Lessee that are appropriate for the Aircraft and, to the extent not installed, those kits which have been received with respect to this Aircraft will be furnished free of charge to the Lessor; (k) be free of any system-related leaks which are outside maintenance manual limitations; (l) all fluid reservoirs (including fuel, oil, oxygen, hydraulic and water) will be full, and the waste tank serviced in accordance with the manufacturer's instructions; (m) if required under the Approved Maintenance Program, all fuel tanks will have recently undergone an anti-fungus/biological growth contamination laboratory evaluation, and any excessive levels of contamination corrected; (n) have an FAA-approved aging aircraft program in operation and up-to-date; and (o) have all signs and decals clean, secure and legible.

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to: (a) the representations and warranties in clause 4 (Representations and warranties) being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and (b) no Event of Default or Default having occurred and continuing at the time of the Effective Date.

  • General Conditions; Definitions 1.01. The General Conditions (as defined in the Appendix to this Agreement) constitute an integral part of this Agreement. 1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement have the meanings ascribed to them in the General Conditions or in the Appendix to this Agreement.

  • GENERAL CONDITIONS OF CONTRACT (National Treasury - General Conditions of Contract (revised July 2010))