SNDB’s Right Clause Samples

The 'SNDB’s Right' clause defines specific rights or privileges granted to SNDB under the agreement. Typically, this clause outlines actions SNDB is entitled to take, such as accessing information, making decisions, or enforcing certain terms, depending on the context of the contract. For example, it may allow SNDB to inspect records, approve changes, or exercise remedies in case of breach. The core function of this clause is to clearly establish SNDB’s authority and protect its interests, ensuring that its rights are recognized and enforceable within the contractual relationship.
SNDB’s Right to Accept Any Bid and to reject any or all Bids 11 2.7.3 Notification of Award 11 2.7.4 Signing of Contract 11 2.7.5 Performance Security 11 2.7.6 General Conditions of Contract 12
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SNDB’s Right to Accept Any Bid and to reject any or all Bids 14 2.7.3 Notification of Award 14 2.7.4 Signing of Contract 14 2.7.5 Performance Security 14 2.7.6 General Conditions of Contract 15 2.7.7 Special Conditions of Contract 15 2.7.8 Integrity Pact 15 2.7.9 Non Disclosure Agreement 15 3 SCOPE OF WORK / TECHNICAL SPECIFICATION 16 4 FINANCIAL PROPOSAL 17 5 Contract 16 5.1.1 Definitions 24 5.1.2 Law Governing Contract 24 5.1.3 Notice 24 5.1.4 Authorized Representative 25 5.1.5 Taxes and Duties 25 5.1.6 Effectiveness of Contract 25 5.1.7 Expiration of Contract 25 5.1.8 Modifications or Variations 25 5.1.9 Force Majeure 25 5.1.10 Termination 26 5.1.11 Good Faith 27 5.1.12 Settlement of Disputes 27 5.1.13 Data Ownership 27 5.1.14 Obligations of the Supplier 27 5.2 Special Conditions of Contract 28 5.2.1 Performance Security 28 5.2.2 Payment 28 5.2.3 Price 28 Annexure “A” 29 Annexure “B” 31 Annexure “C” 32 Annexure “D” 33 Annexure “E” 34 Annexure “F” 35 Annexure “G” 38 Annexure “H” 43 Annexure “I” 70 Annexure “J” 71 Annexure “K” 78
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Related to SNDB’s Right

  • Assignee’s Rights As Purchaser a. Notwithstanding any provisions to the contrary in these Conditions of Sale, the Assignee shall be entitled to bid for the Property whether by itself or its agent and without having to pay any deposit whatsoever. b. In the event the Assignee is declared the Purchaser:- (i) The Assignee is at liberty to set off the purchase price or so much as is applicable against the indebtedness owing to the Assignee under the loan/financing and the Security Documents on the date of successful sale plus costs and expenses for the sale and all other costs and expenses whatsoever incidental thereto; (ii) If approvals from any relevant authorities are required in respect of the purchase, then the Assignee shall apply for the approvals after the successful bid and shall only be required to set off the purchase price or so much as is applicable against the indebtedness owing to the Assignee under the loan/financing and the Security Documents on the date of successful sale plus costs and expenses for the sale and all other costs and expenses whatsoever incidental thereto within ninety (90) days from the date of receipt by the Assignee of all the approvals; (iii) However for avoidance of doubt, nothing in the foregoing shall restrict the Assignee’s right or discretion to pay the full purchase price by way of set off before the approvals have been obtained; (iv) If any of the approvals are not obtained or are obtained but subject to conditions which are not acceptable to the Assignee, the Assignee shall be entitled to terminate the purchase of the Property and the purchase price or part thereof paid including the deposit which has been paid by way of a reduction of the indebtedness owing to the Assignee or by way of set off shall be reversed and parties shall be placed back in position as if this sale has not taken place; (v) The Assignee shall be entitled at its absolute discretion to assign, novate or transfer all or any of its rights, obligations and interests hereunder to a third party in the event that the Assignee exercises its rights to bid for and/or purchase the Property. - Vis-à-vis The Auction c. The Assignee shall be and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever. d. Thereafter, the Assignee is entitled to resell the Property at any time subject to such conditions and provisions whether identical with or differing wholly or in part from the conditions and provisions applicable to the Property to be auctioned at the present auction and in such manner as the Assignee may think fit.

  • ▇▇▇▇▇▇’s Right to Transfer If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section 5, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within one hundred and twenty (120) days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions of this Section 5 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred.

  • Lessor’s Rights If Lessee fails to perform Lessee's obligations under this Paragraph 7, or under any other paragraph of this Lease, Lessor may at its option (but shall not be required to) enter upon the Premises after ten (10) days' prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee's behalf and put the same in good order, condition and repair, and the cost thereof together with interest thereon at the maximum rate then allowable by law shall become due and payable as additional rental to Lessor together with Lessee's next rental installment.

  • Owner’s Rights B.1.1 The Owner shall have the right to perform work related to the project and to award contracts in connection with the project that are not part of the Consultant’s responsibilities under the AGREEMENT. The consultant shall notify the Owner in writing if any such independent action will in any way compromise the Consultants’ ability to meet their responsibilities under the AGREEMENT. B.1.2 The Owner reserves the right to approve the consultant’s personnel and to require a replacement satisfactory to the Owner. The Owner reserves the right to have such person replaced if, in the judgment of the Owner, any such person proves unsatisfactory. However, such replacement must fit within the rate/fee structure; in the alternative, the Owner shall have the option for a higher rate person for which the Consultant shall be compensated at the higher rate. B.1.3 The Owner shall have the right to effect the removal of any of the Consultant’s employees at any time during the duration of the AGREEMENT if that employee is deemed not to be of the level of competence or ability required under the AGREEMENT, or said employee is for any reason found to be unsuitable for the work. In such case, the Consultant shall promptly submit the name and qualifications of a replacement for approval by the Owner. B.1.4 The Owner shall have the right to assign the administration of any or all contracts related to this project from the Owner to another State Agency, Authority or Commission at any time during the life of the project. In doing so, the Consultant agrees to continue to perform all contractual work under the AGREEMENT. The Consultant shall make no claim against the Owner in the event of such assignment. B.1.5 The Owner may make changes in the scope of services within the general scope of the AGREEMENT. The Owner may also make changes to the scope of the project which may give rise to changes in the scope of the Consultant services. In such case, the Consultant shall be entitled to an adjustment in fee and in other terms and conditions of the AGREEMENT.

  • Party B’s Rights and Obligations 9.1 Party B is entitled to request Party A to repay the principal, interest accrued thereon and expenses when due, to manage and control the payment of loan amounts, to monitor on a real-time basis overall cash flows of Party A and to accelerate the maturity of the loan considering the status of collection of sale proceeds of Party A. Party B may exercise any other rights hereunder and demand Party A to perform any other obligations hereunder. 9.2 Party B is entitled to engage in Party A’s large-amount financing (The total amount of such financing shall be more than RMB SEVENTY-FOUR MILLION or Foreign Exchange equivalent) , sale of assets, merger, split-up, stock-company restructuring, bankruptcy, liquidation and other activities for the purpose of protecting Party B’s rights. The way(s) of engagement shall be (1) (multiple choices are allowed) (1) Party A shall seek Party B’s prior written consent before carrying out any of the above activities; (2) Party B is entitled to arrange for Party A’s large-amount financings; (3) the sale price and buyer of the assets shall be in compliance with the following: (5) other ways Party B deems fit. 9.3 Party B shall advance the Loan as provided herein unless the delay or failure in advancing the Loan is caused by any reason attributable to Party A or any other reason that can not be attributed to Party B. 9.4 Party B shall keep confidential the relevant financial documents and manufacturing and operating trade secrets furnished by Party A except otherwise provided by the laws, regulations and rules, or required by the competent authorities, or agreed between the parties hereto. 9.5 Party B shall not bribe Party A or its employees, nor request any bribe or accept any bribe offered by Party A. 9.6 Party B shall not engage in any activity which is dishonest or will be detrimental to Party A’s lawful interests.