Rights and Obligations of the Contractual Parties Sample Clauses

The 'Rights and Obligations of the Contractual Parties' clause defines the specific duties, responsibilities, and entitlements of each party involved in the contract. It typically outlines what each party is required to do, such as delivering goods, making payments, or providing services, as well as what each party is entitled to receive in return. By clearly delineating these roles and expectations, this clause helps prevent misunderstandings and disputes, ensuring that both parties are aware of and can enforce their respective rights and obligations under the agreement.
Rights and Obligations of the Contractual Parties. The Contractor undertakes to fulfil all of its covenants entered into hereunder with professional care, at its own cost and risk, and to observe the deadlines imposed in Art. VIII hereof and in the Schedule, for the Price set forth in Art. XI. hereof. The Client undertakes to deliver to the Contractor any and all source documents, materials or other information, which are necessary for the execution of the Work and which the Contractor can reasonably request from the Client under the condition that the Contractor raised any such requirements with sufficient advance ensuring fulfilment of the deadlines for Deliverables as defined herein. The Contractor shall be obliged to take into account, in the execution of the Work hereunder, all requirements of the Client that are aimed at achieving the highest quality of the objectives hereof, unless such are contrary to the law. The Contractor shall be obliged to inform the Client on the progress achieved in the Work’s execution, at least once each three months in the form of an e-mail. The Contractor shall be obliged to elaborate interim reports on the progress, and to submit these reports to the Client for review during work visits taking place according to this Framework Contract, or upon the Client’s request, in sufficient advance prior to such work visit that enables the Client to familiarize himself with the interim report. The Contractor undertakes, under the terms and conditions hereof, in accordance with instructions issued by the Client and using all necessary professional care, to: duly archive all written material prepared in connection with the execution of the Work hereunder and to provide access to the Client to these archived documents until 2021. The Client shall be entitled to take possession of these documents after ten years from the completion of the Work hereunder from the Contractor free of charge; cooperate during financial inspections carried out in accordance with Act 320/2001 Coll., on Financial Inspections, as amended, i.e. to allow the Managing Authority of the Operational Program Research and Development for Innovation (hereinafter the “Sponsor”) to access also those portions of the tender (bid) submitted within the Procurement Procedure, the Framework Contract, Orders and related documents which may be protected by special legal regulation, given that all requirements set forth by legal regulation with respect to the manner of executing such inspections will have been observed; the Cont...
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Rights and Obligations of the Contractual Parties. The Contractual Parties agree on co-participating in implementing the project specified in Article I subject to the project implementation plan – Appendix No. 2 of this contract.
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Rights and Obligations of the Contractual Parties. 1. The Coordinator and the Partner shall act so as not to jeopardise the implementation of the project and the interest of the Contractual Parties. 2. The Coordinator and the Partner undertake to bear full responsibility for the implementation of the activities they are to carry out pursuant to this Agreement, such that the purpose of the Agreement would be met no later than the project implementation end date specified in Article 1 clause 3 point 2) of this Agreement.
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Rights and Obligations of the Contractual Parties. 2.1 The Transferor shall deliver to the Bank the notice (hereinafter the “Pre-Completion Date Notice”), in which the Transferor is obliged to specify (i) the amount of the Escrow Amount and (ii) the business day, which must not occur earlier than 2 (two) business days upon the reception of the Pre-Completion Date Notice by the Bank, on which the Transfer Deed will be executed by the Transferor and the Transferee and on which the funds held on the Escrow Account shall be released by the Bank and credited to the Transferor's Account (hereinafter the „Completion Date”). The fulfilment of this obligation is a condition precedent for the release of the funds from the Escrow Account. 2.2 The Transferee hereby undertakes to deposit the Escrow Amount into an EUR account (the “Account” or the “Escrow Account”) as follows: a) The amount as specified in the Pre-Completion Date Notice shall be credited to the Account by a cashless transfer of the Transferee’s own funds, at least one (1) business day before the Completion Date, but not later than on 2.3 Provided that the Escrow Amount is not credited to the Account no later than on in full in the
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Rights and Obligations of the Contractual Parties. 1. MIAS shall provide training in accordance with the studying plan and shall facilitate to the participant of CZ PREP courses possibility to take part in this training. The training shall be carried out in accordance with the studying timetable. The participants of the course who will successfully pass final test will be given a document (certificate) of the completion of the preparatory course. 1.a) If there will be a situation when the student is not to be in Prague at the beginning of the academic year, MIAS is forced to move CZ PREP course to online education. And for the necessary time. The CZ PREP course will start by synchronous online teaching, i.
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Rights and Obligations of the Contractual Parties. The Contractor undertakes to fulfil all of its covenants entered into hereunder with professional care, at its own cost and risk, and to observe the deadlines imposed in Art. VIII hereof and in the Schedule, for the Price set forth in Art. XI. hereof. The Client undertakes to deliver to the Contractor any and all source documents, materials or other information, which are necessary for the execution of the Work and which the Contractor can reasonably request from the Client under the condition that the Contractor raised any such requirements with sufficient advance ensuring fulfilment of the deadlines for Deliverables as defined herein.
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Rights and Obligations of the Contractual Parties. 1. The Licensor shall deliver the work including the user manual on installation CD thereto in English and the installation CD to the Licensor up to 30 days from the day when the license agreement takes effect. 2. The Licensor may provide to the Licensee updates of the work after completion of the new version of the work. 3. The Licensee shall provide to the Licensor a written report on exploiting of the work and the results of such exploiting, signed and stamped by authorized person, and deliver it by mail at least once a year or upon the written request of the Licensor without unreasonable delay.
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Rights and Obligations of the Contractual Parties. 1. The Contractor undertakes to fulfil all of his covenants entered into hereunder with professional care, at his own cost and risk, and to observe the deadlines imposed in Art. V hereof and the Price set forth in Art. VII hereof. 2. The subject of the Work shall be changed through a change request depending on the circumstances that are able to thwart the purpose of the Contract, such as new state of scientific and technical knowledge and development. The Client is entitled to propose a change request to adjust the subject of the Work within the rules of the Public procurement procedure. The Contractor is obliged to accept it insofar as it is reasonable and de facto and de jure possible for the Contractor and to bring a new offer.
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Rights and Obligations of the Contractual Parties 
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Related to Rights and Obligations of the Contractual Parties

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

  • Rights and Obligations of Parties The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located; [PL 1995, c. 694, Pt. B, §2 (NEW); PL 1995, c. 694, Pt. E, §2 (AFF).]

  • Rights and Obligations of Both Parties 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed. 7.2 Party B shall have the following rights and obligations: § to require Party A to provide all materials related to the Loan; § to deduct the principal, interest, compound interest, penalty interest and other due expenses relating to the Loan under this Contract directly from Party B’s account in accordance with the provisions of this Contract or relevant law; § in case of Party A’s evasion of Party B’s monitoring, default in payment for due principal or interest and other severe breach of the Contract, Party B is entitled to impose credit penalty against Party A, notify relevant departments or entities of such breach and put up payment demand notice on public media; § to provide loan to Party A in time according to the provisions of the Contract (except for the delays due to Party A’s reason); § to keep confidential of the information and materials provided by Party A..

  • Rights and Obligations of Members Section 6.1

  • RIGHTS AND OBLIGATIONS OF NWESD The NWESD Board of Directors and Superintendent agree to provide educational services pursuant to requirements of the Office of the Superintendent of Public Instruction (OSPI). All staff for the Program shall be employed by the NWESD and subject to the policies and rules and regulations of the NWESD, including regulations pertaining to RCW 28A.400.303, RCW 28A.400.322 and RCW 28A.400.330, and teacher certification as required by the State of Washington. In accordance with this Agreement, the NWESD shall: A. Operate a self-contained education program for students with specialized learning needs who manifest severe behavior challenges. B. Recruit, employ, and supervise staff required to adequately operate the Program. All staff for the Program shall be employed by the NWESD and shall be subject to the policies, rules and regulations of the Board of Directors of the NWESD. The NWESD reserves the right to delay or, if necessary, deny placement of any student where staffing capacity at the time of referral is estimated to be insufficient to adequately operate the Program upon student enrollment. C. Contract for staff each year according to the total number of students participating Districts have identified prior to March 1st, as identified in Section IV.A. When the number of students enrolled in the Program exceeds the level that can be reasonably accommodated by existing staff, additional staff may be hired as necessary. D. Contract or subcontract with any person or entity to provide services needed to operate the Program. E. Develop consistent procedures for students entering into and exiting from the Program. F. Coordinate interdistrict and interagency services and agreements required to implement educational plans and programs, including an Individual Education Program (IEP). G. Coordinate with each District for transportation, related services, and emergency services as needed to support attendance on a full-time basis. Related services for students are to be based upon IEP-designated needs. These services will be provided and paid for by each student’s resident District, unless it has been agreed upon by the IEP team that it would be more appropriate to offer these services as part of the Program. Student-specific services (e.g., 1:1 instructional aides, OT, PT, SLP, and other services) that are provided by the Program will be billed as an additional cost (including indirect charges) to the resident District of the student, unless otherwise agreed in writing. H. Coordinate Program and resident District personnel in accomplishing assessments, IEPs (to include resident District participation), and a full continuum of services for students. I. Coordinate shuttle transportation with each District during the school day between identified learning centers.