Governmental Clause Samples
A Governmental clause defines the obligations and responsibilities of the parties in relation to compliance with laws, regulations, and directives issued by government authorities. Typically, this clause requires each party to ensure that their actions under the agreement adhere to all applicable governmental rules, such as obtaining necessary permits or licenses and following regulatory requirements. Its core practical function is to allocate the risk of legal non-compliance, ensuring that both parties are aware of and fulfill their legal duties, thereby reducing the likelihood of regulatory violations or penalties.
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Governmental. Unit understands that if it has signed the Court Data Services Subscriber Amendment and if Governmental Unit’s Individual Users violate the provisions of that Amendment, access and use will be suspended by BCA or Court. Governmental Unit also understands that reinstatement is only at the direction of the Court.
Governmental. Regulations ------------------------ Neither the Borrower, any of its Subsidiaries nor any Credit Party is subject to regulation under the Public Utility Holding Company Act of 1935, as amended, the Federal Power Act or the Investment Company Act of 1940, as amended, and neither the Borrower, any of its Subsidiaries nor any Credit Party is subject to any statute or regulation that prohibits or restricts the incurrence of Indebtedness under the Loan Documents, including, without limitation, statutes or regulations relative to common or contract carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services.
Governmental. Authorizations means all approvals, concessions, consents, franchises, licenses, permits, plans, registrations and other authorizations of each applicable Authority.
Governmental. Unit will support education and outreach projects and programs designed to increase public awareness and knowledge of the risks AIS pose to water resources and public capacity to contribute to the effort to prevent and manage the spread of AIS.
Governmental. Authority: Any nation or government, any state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. Hedge Agreements: Interest rate swap, interest rate cap or interest rate collar agreements. Indebtedness: As to any corporation, any obligation of, or guaranteed or assumed by, such corporation for (i) borrowed money evidenced by bonds, debentures, notes or other similar instruments, (ii) the deferred purchase price of property or services (excluding trade and other accounts payable), (iii) the leasing of tangible personal property under leases which, under any applicable Financial Accounting Standards Board Statement, have been or should be recorded as capitalized leases, (iv) direct or contingent obligations under letters of credit issued for the account of such corporation or (v) net obligations in respect of Hedge Agreements entered into with any counterparty. Indemnified Liabilities: The meaning specified in Section 10.5.
Governmental. UNIT Name: (PRINTED) Signed: Title: (with delegated authority) Date: Name: (PRINTED) Signed: Title: (with delegated authority) Date: 2. DEPARTMENT OF PUBLIC SAFETY, BUREAU OF CRIMINAL APPREHENSION Name: (PRINTED) Signed: Title: (with delegated authority) Date: 3. COMMISSIONER OF ADMINISTRATION As delegated to the Office of State Procurement By: Date:
Governmental. Regulations
Governmental. Consents The execution, delivery and performance by each applicable Loan Party of the Transaction Documents to which it is a party and the consummation of the Transactions do not and will not require any Governmental Authorization except for (i) such approvals which have been obtained and are in full force and effect, (ii) filings in connection with the Liens created by or pursuant to the Loan Documents, and (iii) filings which customarily are required in connection with the exercise of remedies in respect of the Collateral.
Governmental. Unit desires to reduce the risk of introducing Aquatic Invasive Species (AIS) to the Lake(s). AIS are nonnative species that cause or may cause economic or environmental harm or harm to human health or threatens or may threaten natural resources or the use of natural resources in the state.
Governmental. FUNCTIONS
1. Remuneration including pension paid by or out of public funds of a Contracting State or a political subdivision or local authority or statutory body thereof to:
(a) national of that Contracting State;
(b) an individual who is not national of the other Contracting State and goes to the other State solely for the purpose of being engaged by the first-mentioned State,for services rendered to that State in the discharge of functions of a governmental nature shall be exempt from tax in the other State.
2. The provisions of paragraph 1 shall not apply to remuneration including pension paid in respect of services rendered in connection with any trade or business carried on by a Contracting State or a political subdivision or local authority or statutory body thereof.