Stated Purpose Clause Samples

The Stated Purpose clause defines the main objective or intent behind the agreement or a specific section of the contract. It typically outlines what the parties aim to achieve, such as establishing a business relationship, providing a service, or facilitating a transaction. For example, in a service agreement, this clause might specify that the purpose is to set out the terms under which services will be provided. By clearly articulating the underlying goal, the Stated Purpose clause helps ensure that all parties have a mutual understanding of the contract’s intent, reducing the risk of misunderstandings or disputes about the agreement’s scope.
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Stated Purpose. The stated purpose of this Agreement will be to set forth the terms and conditions by which Farmee will earn the right to receive an assignment of all of Farmor's right, title and interest in and to those certain oil, gas and mineral leases covering lands situated within the geographical parameters of the Brookshire Dome Field, ▇▇▇▇▇▇ County, Texas, and being further described in ▇▇▇▇▇▇▇ "▇", "▇-▇", "▇-▇" and Exhibit "B" attached hereto and made a part hereof for all purposes (the "Farmout Acreage")
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Stated Purpose. The Stated Purpose of this Modified Agreement is to set forth the financial commitment of Licensee to provide Economic Development Payments for use by a Recipient to support and assist economic development in the City through initiatives that: 2.2.1. Modernize, revitalize, renovate and redevelop existing industrial and commercial facilities, districts and enterprises; 2.2.2. Provide incentives to retain and expand existing businesses and industries; 2.2.3. Provide incentives to attract new business and industry; 2.2.4. Invest in infrastructure improvements and enhance transportation; 2.2.5. Provide incentives to establish and improve the housing stock; 2.2.6. Create funding mechanisms for use by commercial, industrial enterprises, and tax-exempt non-profit organizations in financing quality development and improvements; 2.2.7. Improve, enhance and promote the City’s port facilities and related transportation and warehousing businesses; 2.2.8. Provide quality work force training; 2.2.9. Enhance public safety; 2.2.10. Revitalize and develop the City’s lake front; 2.2.11. Stimulate job creation, development and modernization; 2.2.12. Administer education, training and scholarship programs in the City for residents of the City; and 2.2.13. Provide incentives to encourage the citizens, businesses and industries of the City and the general public to offer new goals and projects consistent with the Stated Purpose of this Modified Agreement.
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Stated Purpose. ‌ 13.6.1 Each Participant warrants that the Works will, at the Date of Completion: be fit for the Stated Purpose and of the quality and standard of work that is stated in the Project Proposal; and comply with any performance specification or requirement included or referred to in the VFM Statement or Project Proposal or otherwise required by this Agreement.
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Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: Green Line Security Upgrades Project (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
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Stated Purpose. MBTA shall disclose Confidential Information to Consultant with respect to the Consultant participating in the following activities: Blue Line Security Upgrades RFP# 195F-19 (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
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Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: (the Security Station Maintenance Contract RFP# 256-19). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
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Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: Tunnel Portal Project (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
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Related to Stated Purpose

  • Limited Purpose The Company and the Dealer Manager hereby acknowledge that the Escrow Agent is serving as the escrow agent only for the limited purposes herein set forth, and hereby agree that they will not represent or imply that the Escrow Agent, by serving as the Escrow Agent hereunder or otherwise, has investigated the desirability or advisability of investment in the Company or have approved, endorsed or passed upon the merits of the Shares, nor shall they use its name in any manner whatsoever in connection with the offer or sale of the Shares other than by acknowledgment that the Escrow Agent has agreed to serve as the Escrow Agent for the limited purposes set forth herein.

  • Permitted Purpose Recipient shall have the right to, and agrees that it will, use Discloser’s Confidential Information solely for the Purpose as described in the License Agreement, except as may be otherwise specified in a separate definitive written agreement negotiated and executed between the parties.

  • Trust Purpose The purpose of the Trust is to conduct, operate and carry on the business of an open-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of an open end management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing, both within and without the State of Delaware, and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

  • Investment Purpose As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note (including, without limitation, such additional shares of Common Stock, if any, as are issuable (i) on account of interest on the Note, (ii) as a result of the events described in Sections 1.3 and 1.4(g) of the Note or (iii) in payment of the Standard Liquidated Damages Amount (as defined in Section 2(f) below) pursuant to this Agreement, such shares of Common Stock being collectively referred to herein as the “Conversion Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

  • Investment Purposes The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof. The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act.