No Exchanges Clause Samples

The "No Exchanges" clause prohibits the exchange of goods, services, or other items covered by the agreement. In practice, this means that once a purchase or transaction is completed, the buyer cannot return the item in exchange for a different one, regardless of the reason. This clause is commonly used to prevent logistical complications and disputes over product suitability, ensuring that all sales are final and reducing administrative burdens for the seller.
No Exchanges. Section 3.05 of the Trust Agreement is not applicable to the Issue of Mega Certificates having the above designation.
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No Exchanges. During the last two years, none of the Acquired Companies has engaged in any exchange under which gain realized on the exchange was not recognized under Code Section 1031 (or any similar provision of applicable state, local or foreign Law).
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No Exchanges. Section 3.05 of the Trust Agreement is not applicable to the Series of SMBS Certificates having the above designation.
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No Exchanges. Section 3.05 of the Trust Agreement is not applicable to the Series of Certificates having the above designation.
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No Exchanges. Members may discontinue their memberships at any time by surrendering their membership card, accompanied by their letter of resignation, to the ES office. Acceptance of this application and fee by any ES Official does not constitute approval of this application. All approved applications will be confirmed by ES. I hereby apply for membership and authorize ES to represent my interests as they may appear in auto racing matters and consent the use of my name, pictures of myself and my car for publicity, advertising, and endorsements both before and after the events, and relinquish any rights to photos taken in connection with events and consent to the publication or sale of such photos as ES so desires. By submitting this application and taking part in any liability relating to any event, I agree to abide by the decisions of the Officials relating to the event and agree that such decisions are final, non‐appealable, and non‐litigable, except as provided in the rule book. Such competitor further agrees that the racing area is in a safe, raceable and usable condition and that he/she voluntarily assumes the risk of and has no claim for damages, against ES, the promoter, or their directors, officials, sponsors, agents, or employees by reason of damage either to the car, the driver and/or pit crew. All such competitors assume full responsibility for all injuries sustained including death and property damage, anytime they are in the racing area or en‐route thereto and there from. I agree that I, executors, and assigns will be entitled only to the benefits, if any of the Competitor Accident Policy procured and in force by ES for accidental injuries which are the result of external, violent, and visible means sustained in ES events. The foregoing shall constitute the limit of liability of ES for such injuries occurring to me in any event provided proper notifications is given. This shall not serve to limit or expand the insurance release waiver form or other contracts that may be signed at other times. In consideration of the acceptance by ES of this agreement, the undersigned recognizes his/her obligation to the public and ES, which post the prize money and conducts the event, and agrees to compete in all events when qualified, if humanly possible. I am an independent contractor assuming all responsibility for money received because of my activities including and without eliminating income tax, FICA, worker compensation and withholding taxes. I am not an employee, s...
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Related to No Exchanges

  • Shift Exchanges In no event shall any overtime be payable as a result of employees voluntarily exchanging shifts.

  • Other Exchanges In the event that a Global Certificate is exchanged for a Definitive Certificate (other than as otherwise set forth in Section 5.02(d) of this Agreement), such Certificates may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of clauses (c) through (f), (h) and (i) above (including the certification requirements intended to ensure that such transfers comply with Rule 144A or Regulation S under the Act, at the case may be) and such other procedures as may from time to time be adopted by the Certificate Registrar.

  • Transfers and Exchanges The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock.

  • Exchanges (a) If at any time the Depositor or any of its Affiliates (in either case, a “Depositor Affiliate”) is the Owner or Holder of any Preferred Securities, such Depositor Affiliate shall have the right to deliver to the Property Trustee all or such portion of its Preferred Securities as it elects and, subject to compliance with Sections 2.2 and 3.5 of the Indenture, receive, in exchange therefor, a Like Amount of Notes. Such election (i) shall be exercisable effective on any Distribution Date by such Depositor Affiliate delivering to the Property Trustee a written notice of such election specifying the Liquidation Amount of Preferred Securities with respect to which such election is being made and the Distribution Date on which such exchange shall occur, which Distribution Date shall be not less than ten (10) Business Days after the date of receipt by the Property Trustee of such election notice and (ii) shall be conditioned upon such Depositor Affiliate having delivered or caused to be delivered to the Property Trustee or its designee the Preferred Securities that are the subject of such election by 10:00 A.M. New York time, on the Distribution Date on which such exchange is to occur. After the exchange, such Preferred Securities will be canceled and will no longer be deemed to be Outstanding and all rights of the Depositor Affiliate with respect to such Preferred Securities will cease. (b) In the case of an exchange described in Section 4.9(a), the Property Trustee on behalf of the Trust will, on the date of such exchange, exchange Notes having a principal amount equal to a proportional amount of the aggregate Liquidation Amount of the Outstanding Common Securities, based on the ratio of the aggregate Liquidation Amount of the Preferred Securities exchanged pursuant to Section 4.9(a) divided by the aggregate Liquidation Amount of the Preferred Securities Outstanding immediately prior to such exchange, for such proportional amount of Common Securities held by the Depositor (which contemporaneously shall be canceled and no longer be deemed to be Outstanding); provided, that the Depositor delivers or causes to be delivered to the Property Trustee or its designee the required amount of Common Securities to be exchanged by 10:00 A.M. New York time, on the Distribution Date on which such exchange is to occur.

  • Denominations; Transfers and Exchanges All Notes will be in registered form, without coupons, in principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other materials.