RECITIALS Clause Samples
The Recitals section of a contract provides background information and context for the agreement, outlining the intentions and motivations of the parties involved. Typically, this section summarizes the circumstances leading to the contract, identifies the parties, and describes the general purpose of the agreement. By setting the stage for the operative provisions that follow, the Recitals help clarify the contract’s objectives and can assist in interpreting ambiguous terms, thereby reducing the risk of misunderstandings or disputes about the parties’ intentions.
RECITIALS. The Company has developed and is developing a line of products centered on its intellectual property for clean energy solutions (the “Opportunity”).
RECITIALS. 1.01 Declarant is the owner of real property known as Innsbrook, located in the County of Henrico, State of Virginia, the first phase of which is described in Exhibit “A” which is attached hereto and by this reference made a part hereof (the land described in Exhibit “A” being hereinafter sometimes referred to as the “Property”). As used herein “Innsbrook” shall be deemed to include the Property and all land to which reference is made in Section 2.03.
1.02 Trustee ▇▇▇▇ is a Trustee under a deed of trust from The Innsbrook Corporation, a Virginia corporation, to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇., Trustees, either of whom may act, dated July 1, 1981, recorded in the Clerk’s Office of the Circuit Court of Henrico County, Virginia in Deed Book 1331, page 1894.
1.03 Trustee Minor is a Trustee under a deed of trust from ▇▇▇ & Broad Associates, a Virginia general partnership, to ▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇. and A. J. T. ▇▇▇▇▇, Trustees, either of whom may act, dated February 16, 1973, recorded in the Clerk’s Office of the Circuit Court of Henrico County, Virginia in Deed Book 1543, page 245.
1.04 Trustee ▇▇▇▇▇▇▇▇▇▇ is a trustee under a deed of trust from the Innsbrook Corporation, a Virginia corporation, to ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, Trustees, either of whom may act, dated July 1, 1981, recorded in the Clerk’s Office of the Circuit Court of Henrico County, Virginia in Deed Book 1834, page 1477.
RECITIALS. JOVIAN is engaged in the business of operating onshore oil and gas production facility ("Production Facility") in the State of Texas, ___________County.
RECITIALS. The Buyer, the Seller, China Mengniu, Danone Asia and certain other parties entered into a master equity transfer agreement dated [date] 2022 (the “ETA”) under which the Seller agreed to sell, and the Buyer agreed to buy, the entire equity interest in various joint venture entities.
RECITIALS. Pursuant to Paragraph 10.01(h) of the Agreement and the Access and Escrow Agreement to be executed at Closing, Seller is obligated to complete the ▇▇▇▇▇▇▇ TI Work and indemnify the Purchaser for any loss, cost or expenses that arises by reason of any default by Seller in Seller's performance of the ▇▇▇▇▇▇▇ TI Work. Purchaser requires and Seller is willing to confirm the Seller's indemnity obligations including the failure of BDF Northwest, Inc. ("▇▇▇▇▇▇▇") to commence payment of the rental obligations pursuant to its lease (the "▇▇▇▇▇▇▇ Lease") of a portion of the Property due to delays by Seller in completion of the ▇▇▇▇▇▇▇ TI Work, on the terms and conditions hereinafter set forth.
RECITIALS. The Authority owns certain real property extending from Arlington County to Purcellville, Virginia, on which the Authority operates and maintains a park, including trails and related facilities, for the public’s use and enjoyment, also known as the W&OD Railroad Regional Park (the “Trail”).
RECITIALS. The Seller is engaged in the business of financial transaction processing services for the CBD merchant industry along with other merchants, with a principal place of business at Abilene, Taylor County, Texas (“Merchant Processing” and when referring to Merchant Processing as conducted by Seller the “Business”). The Seller and the Purchaser have entered into this Agreement to set forth the terms and conditions upon which the Purchaser will purchase from the Seller, and the Seller will sell to the Purchaser, certain specific assets identified in this Agreement.
RECITIALS. Pursuant to a Stock Purchase Agreement (the "Stock Purchase Agreement") dated September 28, 1999, between the Company and the Purchaser, the Purchaser has agreed to purchase seven hundred sixty-one thousand two hundred fifty (761,250) shares of Series A Convertible Preferred Stock, par value $.001, of the Company (the "Series A Shares")
RECITIALS. MAEDC is organized for the purpose, among others, of promoting business and industrial expansion, promoting the increase and the availability of employment, and promoting the general economic welfare in Randolph County and Moberly.
RECITIALS. The Company's Board of Directors has authorized and declared a dividend of one preferred share purchase right ("Right") for each Common Share (as such term is hereinafter defined) outstanding at the close of business on September 15, 2003 ("Record Date").