THE PURPOSE OF ISSUING Sample Clauses

The "Purpose of Issuing" clause defines the specific reason or objective for which a document, instrument, or agreement is being created and distributed. In practice, this clause clarifies the intended use or function of the issued item, such as authorizing a transaction, granting rights, or formalizing an arrangement between parties. By explicitly stating the purpose, the clause helps prevent misunderstandings or misuse, ensuring that all parties are aware of the document's intended scope and application.
THE PURPOSE OF ISSUING. THE GENERAL BUSINESS CONDITIONS 3.1. Setting these general rules defining, as clearly as possible, the basis and extent of the interests, both of the Bank and of the Customer, is necessary for setting relations of trust, in order to facilitate the execution of any transactions and to promote the compliance with the standards of banking practice and conduct in all the fields of the relations of the Bank with its Customers. 3.2. The business relationships between the Customers and the Bank are based on mutual trust. The Bank aims to provide to its Customers all its services and professionalism and shall make all efforts to protect their interests while performing the transactions. 3.3. The Bank shall provide to the Customers information on banking services and shall provide, upon request, assistance and guidance. 3.4. The Bank shall follow its own strategy in providing services, products and facilities. 3.5. The Customer is held responsible if by its inappropriate business conduct, by non-observing the legal provisions or obligations undertaken towards the Bank, caused a prejudice (including a reputation prejudice) to the Bank. To this effect, the Customer undertakes to unconditionally and irrevocably pay, at the Bank's simple request, the owed sums, otherwise the Bank is entitled to proceed to the recovery of any receivables, movable or fixed assets from the Customer's patrimony, in the virtue of the right of general ▇▇▇▇ provided for in art. 2324 Civil Code.
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Related to THE PURPOSE OF ISSUING

  • PURPOSE OF AGREEMENT The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employment relating to remuneration, hours of work, employee benefits and general working conditions affecting employees covered by this Agreement.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of Fee If an employee does not become a member of the Association during any membership year (i.e., from September 1 to the following August 31) which is covered in whole or in part by this Agreement, said employee will be required to pay a representation fee to the Association for that membership year. The purpose of this fee will be to offset the employee’s per capita cost of services rendered by the Association as majority representative.

  • Purpose of Plan The Board of each Participating Fund maintains this Deferred Compensation Plan for Independent Directors and Trustees. The purpose of the Plan is to allow the independent directors and trustees of the Participating Funds to defer receipt of all or a portion of the compensation they earn for their service to the Participating Funds in lieu of receiving current payments of such compensation, and to treat any deferred amount as though an equivalent dollar amount had been invested in shares of one or more Eligible Funds. Each Board intends that the Plan shall be maintained at all times on an unfunded basis for federal income tax purposes under the Code. The Plan is not covered by the Employee Retirement Income Security Act of 1974, as amended.

  • Purpose of Trust The purpose of the Trust is to conduct, operate and carry on the business of a management investment company registered under the 1940 Act through one or more Series investing primarily in securities.