Joint Undertaking Clause Samples
A Joint Undertaking clause establishes that two or more parties agree to collaborate and share responsibility for achieving a specific objective or project. In practice, this clause outlines how the parties will coordinate their efforts, allocate resources, and share both the benefits and risks associated with the joint activity. For example, it may specify joint decision-making processes or mutual obligations for funding and performance. The core function of this clause is to formalize the cooperative relationship, ensuring that all parties are legally bound to contribute and are accountable for the joint outcome.
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Joint Undertaking. All of UMD and Confidant and their respective employees, consultants and agents agree that during the period of their discussions and any future business relationship and for a period of five (5) years after the earliest of the termination thereof or the termination of this Agreement by either party giving notice to the other, the recipient of Confidential Information will not at any time disclose to any person other than under Section 3, or use for its own benefit or the benefit of anyone except use for the purpose provided in the first WHEREAS clause of this Agreement, Confidential Information of the other party, without the prior express written consent of a corporate officer of the disclosing party.
Joint Undertaking. In addition to the obligations expressly required to be performed hereunder by Seller and Buyer, each party agrees to cooperate with the other and to perform such other acts and to execute, acknowledge and deliver, prior to and after Settlement, such other instruments, documents and materials as a party may reasonably request and as shall be necessary in order to effect the consummation of the transactions contemplated hereby; provided that no such other instrument, document or material shall either extend or enlarge the obligations of the non-requesting party beyond the express undertakings of this Agreement or shall require or could require the non-requesting party to make any payment or expend any funds which are not expressly provided for herein or which the requesting party shall not reimburse. This Section shall survive Settlement.
Joint Undertaking. The undersigned parties hereby agree to participate in NWIMT, which shall be organized and structured by the terms of this Agreement, and governed and administered in accordance with this Agreement.
Joint Undertaking. Both Recipient and Discloser and their respective employees and agents agree that during the period of their discussions and/or business relationship and for a period of ten years after the later of the termination of such discussions or termination of such relationship, the recipient of Confidential Information will not at any time disclose to any person or use for its own benefit or the benefit of anyone, Confidential Information of the other party without the prior express written consent of said party.
Joint Undertaking. Hydro and Split Lake Cree may, but shall not be obliged to, undertake Remedial Works for their mutual benefit as a joint undertaking, provided that to the extent funding for such Remedial Works is to be derived from the Remedial Works and Measures Account, the process and procedures in this Agreement and in the Indenture related to Trustee approvals, the O & M Reserve and the Asset Replacement Reserve, must be followed.
Joint Undertaking. In addition to the obligations expressly required to be performed hereunder by Seller and Buyer, each party agrees to cooperate with the other and to perform such other acts and to execute, acknowledge and deliver, before and after the Closing, such other instruments, documents and materials as a party may reasonably request and as shall be necessary in order to effect the consummation of the transactions contemplated hereby and to vest title to the Property in Buyer or its assignees or nominees; provided that no such other instrument, document or material shall either extend or enlarge the obligations of the non-requesting party beyond the express undertakings of this Agreement or shall require or could require the non-requesting party to make any payment or expend any funds which are not expressly provided for herein.
Joint Undertaking. In addition to the obligations expressly required to be performed under this Agreement by Seller and Buyer, each Party agrees to cooperate with the other and to execute and deliver such other instruments and documents as a Party may reasonably request and as shall be necessary in order to transfer the Loan or Foreclosure Judgment (if any) from Seller to Buyer provided however that no such other instrument or document shall (i) extend or enlarge the obligations of the non-requesting Party beyond the express undertakings of this Agreement, (ii) shall require or could require Seller to satisfy any requirements of Buyer’s lender or any title company selected by Buyer to issue a title endorsement or other title product, or (iii) shall require or could require the non-requesting Party to make any payment or to incur any material expense (including, without limitation, material legal fees).
Joint Undertaking. 1. The contract shall operate from……….………….to and may be extended by mutually agreed terms and conditions Downloaded from FAO Contract Farming Resource Centre ‒ ▇▇▇.▇▇▇.▇▇▇/▇▇/▇▇▇/▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇
2. Any alteration, extension or renewal of the contract shall form an addendum to this Agreement and shall be submitted to the Board for approval and registration.
3. This contract is not transferable and cannot be assigned save as agreed by the parties.
4. A green leaf sale agreement drawn between the parties, if any, shall be countersigned in four copies and delivered to the Board as an appendix to this contract.
5. The parties shall, in addition to this agreement, sign other agreements in quadruplets which shall form as appendices to this agreement. The other agreements referred herein include; • Green leaf sale agreement specified at clause 4 • Agreement entered into by the parties on plucking and quality standards. • Inputs supply and financing agreement. • Out grower expansion plans relative to installed capacity agreement. • Agreements that are already in force shall be adopted accordingly.
6. The parties to the contract shall adhere to their obligations in the contract and failure of which, a party in default shall be required to remedy the other.
7. The parties shall agree and observe provisions on transparency, accountability and general regulation and law
Joint Undertaking. Because this is not a joint undertaking within the meaning of Indiana Code Sections 36-1-7, this Agreement need not address other matters related to the financing, staffing, budget, administration, or real and personal property of the joint undertaking.
Joint Undertaking. 4.1 The Members hereby agree that the City will perform those specific activities, services, powers, duties and obligations required to be performed by the City in accordance with the Plan of Government and the provisions of the Louisiana Revised Statutes of 1950, as amended, and the Parish will perform those specific activities, services, powers, duties and obligations required to be performed by the Parish in accordance with the Plan of Government and the provisions of the Louisiana Revised Statutes of 1950, as amended.
4.2 The City and Parish acknowledge that those certain activities, services, powers, duties and/or obligations set forth in the Annual Operating Budget are required to be performed by the City and/or Parish in accordance with the Plan of Government and general or special laws of the State of Louisiana and that this Local Services Agreement provides greater economy and efficiency in completing such undertakings.
4.3 Notwithstanding any revision or requirement of the Plan of Government or the provisions of the Louisiana Revised Statutes of 1950, as amended, to the contrary, and in accordance with LA-R.S. 33:1331 of the Local Services Law, the Members hereby agree that the financial obligations of each of the Members regarding the activities, services, powers, duties and/or obligations required by the Plan of Government and specific or general laws of the State of Louisiana to be performed by the Members shall be funded by the Members as more specifically set forth in the Annual Operating Budget.