Purposes and Intent Clause Samples
The "Purposes and Intent" clause defines the underlying objectives and motivations behind the agreement or contract. It typically outlines what the parties aim to achieve, such as establishing a business relationship, facilitating a transaction, or setting mutual expectations. By clearly stating the intended goals, this clause helps interpret the contract’s provisions and guides the resolution of ambiguities, ensuring that all parties share a common understanding of the agreement’s direction and scope.
Purposes and Intent. The purpose of this easement is to restore, protect, manage, maintain, and enhance the functional values of wetlands and other lands, and for the conservation of natural values including fish and wildlife and their habitat, water quality improvement, flood water retention, groundwater recharge, open space, aesthetic values, and environmental education. It is the intent of NRCS to give the Landowner the opportunity to participate in the restoration and management activities on the Easement Area.
Purposes and Intent. The purpose of this easement is to restore, protect, manage, maintain, and enhance the functional values of wetlands and other lands, and for the conservation of natural values including fish and wildlife and their habitat, water quality improvement, flood water retention, groundwater recharge, open space, aesthetic values, and environmental education. It is the intent of NRCS to give the Landowner the opportunity to participate in the restoration and management activities on the easement area. By signing this deed, the Landowner agrees to the restoration of the Easement Area and grants the right to carry out such restoration to the United States.
Purposes and Intent. The Series B common stock (the "Series B Stock") of A.H. Belo Corporation and Belo Corporation which is owned or may hereafter be owned by the Partnership carries with it valuable voting rights which would be greatly reduced if such stock becomes owned by anyone other than a lineal descendant of a great-grandparent of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. or by a spouse of any such lineal descendant (ownership by a partnership, all the partners of which consist of such lineal descendants or spouses thereof, is for this purpose the equivalent of direct ownership by such descendants and/or spouses.) Such stock with its attendant voting rights, when voted as a block, assures the owners thereof of a significant voice in corporate affairs. The primary purpose of the Partnership is to maintain for a significant period of time all of the voting rights of the Series B stock and to prevent ownership of the Series B stock from becoming fractionalized. Consistent with the foregoing, the purposes and intent of the Partnership are to own, operate, and maintain the Partnership Assets, to produce income from Partnership Assets, to hold the Partnership Assets for investment and/or to sell Partnership Assets for capital appreciation, and to provide a means for the Partners to preserve the Partnership Assets from the claims of others, which purposes shall include the following:
3.1.1 to acquire and accept conveyance of the Partnership Assets and any additional assets conveyed to the Partnership at any time and from to time to time;
3.1.2 to acquire, own operate, lease, sell, and otherwise deal with ranches and farms;
3.1.3 to vote, and otherwise deal with and manage, stock in any corporation which is a Partnership Asset.
3.1.4 to own, operate, maintain, construct improvements, rent, lease, or sell the Partnership Assets, whether as a part or as a whole;
3.1.5 to incur debt for the acquisition of Partnership Assets and for other Partnership purposes;
3.1.6 to produce income from the Partnership Assets;
3.1.7 to hold the Partnership Assets for capital appreciation and investment and to sell or exchange all or any part of the Partnership Assets;
3.1.8 to continue the ownership of the Partnership Assets without fractionalizing and to restrict the rights of others to acquire interests in the Partnership Assets;
3.1.9 to provide flexibility in business planning not available through trusts, corporations or other businesses entities;
3.1.10 to facilitate the administration of the Partnership Asse...
Purposes and Intent. (A) The party of the first part has been requested to provide “fire service” as defined to include any deployment of firefighting personnel and/or equipment to extinguish a fire or perform any preventative measure in an effort to protect equipment, life or property in an area threatened by fire. It also includes the deployment of firefighting personnel and/or equipment to provide fire suppression, rescue, extrication, and any other services related to fire and rescue as may occasionally occur.
Purposes and Intent. City has entered into or will enter into a grant agreement with the United States Department of Housing and Urban Development (“HUD”) to receive Fiscal Year 2019 Community Development Block Grant (“CDBG”) entitlement funds. City requested proposals for funding of eligible activities through City’s Fiscal Year 2019 CDBG program. Subrecipient submitted a proposal to City that was selected for funding from City’s Fiscal Year 2019 CDBG program through City’s competitive proposal evaluation process. Subrecipient’s proposal was approved for funding from City’s Fiscal Year 2019 CDBG program by the City Council through its Resolution R-R-311700, effective 7/1/2018. City desires to provide funding to Subrecipient through City’s Fiscal Year 2019 CDBG program for performance of the Activity (defined in Section 2).
Purposes and Intent. Unless expressly set forth herein to the contrary, all of the terms and provisions of the Employment Agreement shall remain in full force and effect. In the event and to the extent that there is inconsistency between the terms and provisions of the Employment Agreement and this Amendment, the terms and provisions of this Amendment shall govern.
Purposes and Intent. The purpose of this easement is to further the restoration, protection, management, maintenance, enhancement, and monitoring of the conservation values of the Easement Area described below in Part I consistent with the conservation benefits of a Regional Conservation Partnership Program project on the Easement Area (the “Conservation Values”). It is the intent of NRCS to give the Landowner the opportunity to participate in the restoration and management activities on the Easement Area. The Conservation Values specifically include maximizing the functional values of wetlands, riparian areas, floodplains, and associated habitats; and, providing conservation benefits, including habitat for wetland- dependent wildlife, aquatic, and plant species, water quality improvement, flood water retention, ground water recharge, and environmental education.