The Rights and Obligations of Both Parties Clause Samples

The Rights and Obligations of Both Parties. Both parties are obliged to proactively safeguard the reputation and interests of the other party. Neither party’s actions shall violate national laws, regulations, or the regulations of the competent industry authority, nor damage the interests of customers, otherwise they shall bear all the responsibilities arising therefrom.
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The Rights and Obligations of Both Parties. 10.1 the rights and obligations of Party A: 10.1.1 To draw and use the loan according to the terms and usage stipulated by this contract; 10.1.2 Cannot return the loan in advance without the written agreement of Party B; 10.1.3 To accept actively the investigation, learning and supervision of Party B to the use situation under this contract items; 10.1.4 To cooperate actively with the investigation, learning and supervision of Party B to the situation of the production, operation, the project construction and the financial affairs, and has the obligation to provide Party B the report forms of the relevant periods, such as the profit and loss statements, the asset and liability statements; 10.1.5 To support actively Party B to participate in the relevant affairs, such as the examination of the three calculations (budgetary estimate, budget and the final accounts), the project biding and the check and acceptance of the project etc. 10.1.6 To pay off the capital and interest of the loan under this contract items according to the agreement of this contract; 10.1.7 To undertake the expenditure of the relevant cost under this contract items, including but not limiting to the cost used for the notarization, the appraisal, evaluation, registration etc. 10.1.8 To the urging letter or files sent or delivered by other way by Party B, send off the acknowledgement of receipt within three day after signing for it; 10.1.9 If doing the actions, such as contract and leasing, restructuring the joint stock system, pooling, incorporating, annexing, splitting, reducing the capital, changing the stock rights, transferring the important assets and other actions enough to affect the rights and benefits of Party B, Party A shall notice Party B 30 days in advance, and get the written agreement of Party B, otherwise, cannot do the above acts before paying off all the debits. 10.1.10 If changing the industrial and commercial affairs of the registration, such as the domicile, communication address, business scope, the legal representatives, should notice Party B in written form seven days after the changing; 10.1.11 If there emerges any event composing risk to its normal operation or causing grand negative effect to implementing the returning duty of the loan, including but not limit to involvement of economic disputes, bankrupts, the deterioration of the financial affairs etc, shall inform Party B at once; 10.1.12 If there emerge closures of the business, dissolutions, stopping doing...
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The Rights and Obligations of Both Parties. 1. The first party is obliged to open a current account for the second party, and to take the necessary due diligence to carry out the second party orders on the account in accordance of banking regulations, rules and practices. The first party shall not be liable for any damage arising from the execution of these orders unless such damage is the result of gross negligence or intentional misconduct or failure to commit to the necessary due diligence for the purposes of applying the Agreement i.e. Interest, skill, prudence and diligence according to the circumstances that are expected to be performed within the reasonable procedures similar to other Banks 2. The first party is entitled to take advantage of the amounts deposited in the current account in its interest, with its full obligation to enable the second party to make such payments as soon as requested, and the second party does not claim any profits for it, but the parties have a separate Agreement to arrange the relationship in which the second party can obtain profits for those amounts 3. The second party is prohibited from using the account for any illegal purpose or activity, and must inform the first party in the event of any objection or suspicion of transactions being carried out on his account, and after (thirty) days from the date of the execution of any transaction without the objection of the second party shall be considered as his consent and confirmation of its accurate 4. The first party shall obtain a specific fee from the second party against the services provided to him, and it may collect it directly without reference to the second party, provided that these fees must not be inconsistent with what is issued by Saud Central Bank, and to be published in the branches of the first party and its website (30) days prior to the effective date 5. The second party shall bear any expenses or taxes imposed by the competent authority in Saud Arabia for any services or products provided by the first party to the second party, whether currently imposed or may be imposed in the future 6. The first party shall notify the second party via text messages (SMS) on his the mobile phone number recorded in the Agreement or by any other means agreed upon by both, a) With all transactions executed on the current account as soon as they occur. b) The first party shall also notify the second party with a sufficient period before the account status changes. 7. The second party is obliged to update his person...
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The Rights and Obligations of Both Parties. 1. Both parties should abide by the principles of standardized operation and management decision-making. 2. Party B shall establish and improve the corporate governance structure and market operation system according to the relevant national laws and regulations such as the "Company Law" and "Direct Selling Management Regulations", define responsibilities, and must not contradict the existing laws, regulations and Party A's regulations. 3. Party A provides qualified products for Party B and provides a favorable environment conducive to market operations.
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The Rights and Obligations of Both Parties. 1. The Rights and Obligations of Party A: (1) Withdraw and use the loan according to the term and purpose agreed herein. (2) all relevant materials provided to Party B are true, complete and effective. (3) All kinds of materials provided by Party A to Party B shall be original. If the original cannot be provided, a copy affixed with the official seal of Party A and the name seal of the legal representative may be provided with the consent of Party B. (4) Actively accept Party B’s investigation and supervision on its production, operation, finance and the loan hereunder; Accept and actively cooperate with Party B to inspect and supervise the use of loan funds including but not limited to the purpose of loan by means of account analysis, voucher inspection, on-site investigation, regularly summarize and report the use of loan funds as required by Party B; and actively provide relevant statements and materials to Party B. (5) Pay off the loan principal and interest under this contract as agreed. (6) Voluntarily bear the expenses for obtaining the loan and the relevant expenses (including incurred in breach of this contract but not limited to litigation, arbitration, execution, preservation, lawyer, appraisal, appraisal, evaluation, transfer of ownership, auction, etc.); Party A shall voluntarily bear the settlement fees of the payment of the loan funds (including but not limited to the entrusted payment by the lender and the independent payment by the borrower), and pay the corresponding fees in full and on time according to the fee items, rates and time stipulated by Party B. (7) The collection letter or collection document sent or otherwise served by Party B shall be signed and received in time, and the receipt shall be delivered to Party B within 5 days from the date of receipt. (8) such as contracting, leasing, shareholding reform, joint venture, merger, (or merger), joint venture (or cooperation), division, capital, equity changes, major assets transfer and other enough to affect the realization of Party B rights, should notify Party B at least 5 days in advance, and the written consent of Party B, otherwise shall pay all debts in advance, and liable according to this contract. (9) The change of domicile, mailing address, business scope, legal representative, etc., shall notify Party B in writing within 5 days upon the completion of the change of the relevant matters. (10) In case of any event that has a material adverse impact on the performance of the ...
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The Rights and Obligations of Both Parties. 3. 1. The first party is obligated to open a current account for the second party and to exert the necessary care to implement his/her orders on the account within the limits of banking regulations, rules and norms. The first party is not responsible for any damage arising from the implementation of these orders unless this damage is a result of his/her gross negligence or his/her commitment to behavior Willfully misconduct or failure to act with due diligence intended for the purposes of implementing the Agreement; Attention, skill, prudence and diligence in accordance with the conditions that are expected to perform within the reasonable limits of any similar establishment. 3. 2. The first party has the right to benefit from the amounts deposited in the current account for his/her benefit, with his/her full commitment to enable the second party from these amounts immediately upon his/her request. The second party may not claim any profits from that, provided that the two parties have an independent agreement to arrange the relationship in which the second party can obtain Profits from those amounts. 3. 3. The second party is prohibited from using the account for any unlawful purpose or activity, and he/she must inform the first party in the event of any objection or suspicion of operations taking place on his/her account, and the lapse of )thirty( days from the date of carrying out any operation without the objection of the second party. His/her approval and confirmation of its safety. 3. 4. The first party may collect a specific fee from the second party in exchange for the services it provides to it, and it may collect it directly without referring to the second party, provided that these fees are not inconsistent with what is issued by the Central Bank of Saudi Arabia, and that they be published in the branches of the first party and its website Mail )30( days before the fees apply. 3. 5. The second party shall bear any expenses or taxes imposed by the state regarding any services or products that the first party provides to the ةــيانعلا لذــبو نياــثلا فرــطلل يراــج باــسح حــتفب لوŇا فرــطلا مزــتلي دــعاوقلاو ةــمظنŇا دودــح في باــسحلا ىــع هرــماوأ ذــيفنتل ةــمزالا رضر يأ نــع ةيلوؤــسلما لوŇا فرــطلا لــمحتي لاو ،ةــيفرلما فارــعŇاو نــع جــتان ررــلا اذــه ناك لاــح في لاإ رــماوŇا هذــه ذــيفنت نــع ئــشان مازــتللاا نــع هــفلخت وأ ادــمع ءسي كولــسل هــباكترا وأ ميــسجلا هــلاهإ ؛ةــيقافتلاا قــيبطت ضارــغŇ اــهب دــصقي يــتلاو ةــمزالا ة...
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The Rights and Obligations of Both Parties. Without prejudice to the obligations that both Parties assume in terms of this document, they will be liable of: The User, and in its case, the Minor:
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Related to The Rights and Obligations of Both Parties

  • 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 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 Party B 8.1 Party B is entitled to use the Leased Units in accordance with the Contract. Party B may set a notable mark on the exit of elevators of the floor of leasing pursuant to the ▇▇▇evant management regulations of the Corporate Squares. The detailed conditions shall be discussed by both Parties. 8.2 Party B shall carry out the business activities in the Leased Units in compliance with laws, regulations and rules of the People's Republic of China and is prohibited to harm Party A's reputation through its activities. 8.3 Party B shall duly make the payments with respect to the rent, property management fee, electricity usage fee and any other charges it shall be responsible for. 8.4 Starting from the Commencement Date, Party B shall purchase insurance for the properties in the Leased Units, including property insurance and third party liability insurance. Otherwise, Party B and not Party A shall be solely responsible for all liabilities and losses. 8.5 Party B shall not alter the purpose of use of the Leased Units without consent in writing from Party A. 8.6 Party B shall not re-lend, sublease, and exchange the Leased Units, in whole or part, to third parties or allow third parties to use the Leased Units by other means, without consent in writing from Party A. 8.7 Party B shall not alter the locking and security system on the gate of the Leased Units without consent in writing from Party A or approval from related departments. 8.8 Party B shall not alter or move the equipment for usage of water and electricity and shall not enlarge the capacities of central air conditioning, without consent in writing from Party A. 8.9 Party B shall take necessary actions to prevent the Leased Units from fires accident or man-made damage. Party B shall immediately notify to Party A with respect to any damage of the Leased Units. Party B shall restore the damaged parts of the Leased Units to their former condition within one month upon receipt of Party A's notice, provided that the damages resulted from negligence by Party B and its employees. If Party B fails to do so timely, Party A has the right to repair the damaged parts. All the expenses thus incurred shall be borne by Party B. 8.10 Party B is entitled to require Party A repairing the Leased Units, and the public facilities and equipment, and repair such based on the original standards by itself if Party A fails to perform the obligation of repairing timely and affects the normal use of such. All the expenses thus incurred shall be borne by Party A. The equipment newly added or improved by Party B shall be repaired by Party B.

  • Rights and Obligations of Party A 1. Party A shall provide a duplicate copy of business license for Internet information service added value communication operation or a related proof of filing of non-operational Internet information service to Party B. 2. Should Party A plan to provide electronic bulletin service, a special application or special filing shall be submitted to the relevant departments in accordance with the laws and regulations of the People’s Republic of China, and shall provide the related proofs of the special application or special filing. 3. Party A’s information operation must conform to the “Administrative Procedure for Internet Information Service”, “Administrative Provision for Internet Electronic Bulletin Service”, and other relevant laws and regulations of the People’s Republic of China. Party A shall not engage in any illegal operation and shall be held liable for any legal liability induced by its information operation. 4. The information server equipment placed by Party A in Party B’s communication mechanical room shall meet all the technical interface indices and terminal communication technical standards of communication network of the People’s Republic of China. Electronic features and communication methods shall not affect the safety of public network. 5. Party A shall comply to the administrative rules of mechanical room of Party B and shall assure the safety of its information server equipment and information content. 6. Party A shall pay the fees to Party B in accordance with the amount, due date, and method stipulated in this Agreement. 7. Should Party A require Party B to provide services, such as reset of host computer, Party A shall provide accurate contact telephone number to Party B for confirmation. Should the telephone number provided by Party A be inaccurate or notification of telephone number change be delayed leading to failure of confirmation by Party B, Party B shall reserve the right not to bear the obligation of providing services, such as reset of host computer of Party A. Party A shall be held liable to bear all losses. 8. Party A shall be fully liable for any illegal operation leading to damage of Party B’s equipment. The compensation shall be limited by the repurchase cost of the damaged equipment and hardware, and shall not include the relevant software, databanks, and the similar configurations. 9. Within 30 days of placing server in Party B’s mechanical room, Party A shall process the relevant filing procedure in Beijing Computer Security Inspection Department. The contact of Beijing Computer Security Inspection Department is Wang Qi, and the telephone number is ▇▇▇▇▇▇▇▇. 10. Party A shall ▇▇▇▇ the phrase “Network bandwidth provided by IDC of Beijing Communication Company “ on the bottom of the homepage of SOHU website. Furthermore, in pursuance to the consultation between Party B and Party A, Party A shall promptly place the related advertisements and “logo” of Party B at distinct locations in accordance with the requests of Party B. Party B shall inform Party A at least 5 days in advance. The dimension of logo and the textual length must meet the website requirement of Party A. 11. Party A promises that the exclusive line provided by Party B shall only be used for hosting server maintenance and data update and shall not be used for connection to Internet.

  • 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.