Law in force Sample Clauses

The "Law in force" clause defines which laws are applicable to the agreement at the time it is executed. Typically, this clause specifies that the contract will be governed by the laws currently in effect in a particular jurisdiction, rather than any future amendments or repeals. For example, if a contract is signed in 2024, only the statutes and regulations valid at that time would apply, even if the law changes later. This ensures certainty and predictability for both parties by preventing unforeseen legal changes from affecting their rights and obligations under the contract.
Law in force. 7.1 This Memorandum will not affect or prevent rights and obligations of the Signatories Parties to third Parties 7.2 This Memorandum shall be implemented in conformity with international law principles, international Conventions and Protocols signed by the Signatories, as well as with any other obligations arising from the membership of the Republic of Italy in the European Union.
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Law in force. This agreement shall be subject to and shall be interpreted in accordance with the law of each country within he scope of its territory.
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Law in force. 7.1 The Parties shall adhere to the internationally accepted principles and values which shall be consistent with the applicable domestic laws. In the implementation of the present MoU, the Parties will observe applicable international law and their national laws, including, as for the Italian Party, the obligations arising from Italy’s membership in the European Union.
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Law in force. This Memorandum shall be in compliance with all the international Conventions and Protocols signed by the Parties, as well as with any other obligations related to Italy’s membership in the European Union and to the other Parties' membership in regional organizations. The implementation of the Memorandum shall be subjected to the provisions of the national legislation of each Signatory.
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Law in force. 7.1 The Signatories shall adhere to the internationally accepted principles and values which shall be consistent with the applicable domestic laws. In the implementation of the present MoU, the Signatories intend to observe applicable international law obligations and their national laws, including, as for Italy, the obligations arising from its membership in the European Union.
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Related to Law in force

  • Restrictions on chartering, appointment of managers etc The Borrower shall procure that no Owner shall: (a) let the Ship owned by it on demise charter for any period; (b) other than the relevant Initial Charterparty or Future Charterparty, enter into any time or consecutive voyage charter in respect of the Ship owned by it for a term which exceeds, or which by virtue of any optional extensions may exceed, 11 months; (c) change the terms on which the Ship owned by it is employed or the identity of the person by whom that Ship is employed; (d) enter into any charter in relation to the Ship owned by it under which more than 2 months’ hire (or the equivalent) is payable in advance; (e) charter the Ship owned by it otherwise than on bona fide arm’s length terms at the time when the Ship is fixed; (f) appoint a manager of the Ship owned by it other than an Approved Manager or agree to any alteration to the terms of an Approved Manager’s appointment; (g) de-activate or lay up the Ship owned by it; or (h) put the Ship owned by it into the possession of any person for the purpose of work being done upon her in an amount exceeding or likely to exceed $250,000 (or the equivalent in any other currency) unless that person has first given to the Security Trustee and in terms satisfactory to it a written undertaking not to exercise any lien on the Ship or her Earnings for the cost of such work or otherwise.

  • Amendment of Organizational Documents The Borrower will not, nor will the Borrower permit any Credit Party to, amend or otherwise modify any of its Organizational Documents in a manner that is materially adverse to the Lenders, except as required by Applicable Laws.

  • Contract in Force As of the Closing Date (or the applicable Subsequent Transfer Date in the case of Subsequent Contracts), no Contract has been satisfied or subordinated in whole or in part or rescinded, and the related Motorcycle securing any Contract has not been released from the lien of the Contract in whole or in part.

  • Modification of Organizational Documents No Borrower will, or will permit any Subsidiary to, directly or indirectly, amend or otherwise modify any Organizational Documents of such Person, except for Permitted Modifications.

  • Amendments or Waivers of Organizational Documents No Credit Party shall, nor shall it permit any of its Subsidiaries to, agree to any amendment, restatement, supplement or other modification to, or waiver of, any of its Organizational Documents after the Third Restatement Date that is materially adverse to such Credit Party or such Subsidiary, as applicable, and to the Lenders.