Under art Clause Samples

The "Under art" clause typically refers to provisions that are governed by or interpreted in accordance with a specific article of a legal code, statute, or agreement. In practice, this clause clarifies that certain rights, obligations, or procedures are subject to the rules set out in the referenced article, such as Article 2 of the Uniform Commercial Code for sales contracts. By explicitly tying contractual terms to a particular article, the clause ensures that both parties understand which legal standards apply, thereby reducing ambiguity and potential disputes over interpretation.
Under art. 22 of Law No. 9,478/1997, the technical inventory formed by data and information on the Brazilian sedimentary basins are an integral part of the national oil resources, and the Concessionaire shall submit such data and information, including those regarding the geological, geophysical, and geochemical modelling of the Concession Area, to ANP.
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Under art. 6.3. of the MTA, the Recipient informed the Provider that Recipient`s employee 3.3. made on 2 May 2022 an invention disclosure pertaining to Modified Antibodies (see Annex 6) to the Recipient (the “Invention”) and the Recipient accepted such disclosure and on 3 May 2022 claimed the rights to the Invention (see Annex 6). The Recipient hereby transfers all of its rights to the Invention, to the maximum extent permitted by applicable laws, to the Provider.
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Under art. 1324, X may withdraw the offer even before the lapse of 10 days unless Y has already accepted the offer. After acceptance, withdrawl is not possible as there is no more offer to withdraw. Even before acceptance, X may not withdraw the offer if the option is covered by a consideration as when Y paid or promised to pay a sum of money to X for giving him the 10-day period. There is here an option contract. After the 10-day period, in the absence of acceptance, the offer becomes ineffective (De ▇▇▇▇, 529).
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Under art. 5.04 of the CD Disc Agreement, Art. 4.03 of the DVD Disc Agreement, and Art. 3.02 of the AC-3 Agreement, METATEC is required to provide USPC with royalty reports thirty days after the end of each calendar quarter and to make royalty payments thirty days after the end of each calendar quarter on all Licensed Product sold during the preceding calendar quarter. Under the CD Disc Agreement, METATEC made only a partial payment of $300,000 toward the royalty payment of $672,290.82 for the third quarter of 2000, and failed to make royalty payments for the fourth calendar quarter of 2000, all four calendar quarters of the year 2001, and the first two calendar quarters of 2002. Similarly, under the DVD Disc Agreement and the AC-3 Agreement, METATEC failed to make royalty payments for the fourth calendar quarter of 2000, all four calendar quarters of the year 2001, and the first two calendar quarters of 2002. METATEC has asked USPC (i) to forbear on the remedies available to USPC under such CD Disc Agreement, DVD Disc Agreement, and AC-3 Agreement (including termination of each of these Agreements and commencement of legal action for immediate payment) and (ii) to re-structure payment for the unpaid royalties due and owing ("Arrears").
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Under art. 4.7 of the Purchase and Assignment Agreement, Buyer agrees to pay Behringwerke, in addition to the Fixed Cash Purchase Price and the Option Purchase Price, a yearly Commission on the sales of Guarantor's and its affiliates' vaccine products listed on ANNEX 1 hereto for use in Germany during the years 1997 through 2001, calculated as [CONFIDENTIAL TREATMENT REQUESTED] of the excess of net sales over the following forecast: - 1997: DM [CONFIDENTIAL TREATMENT REQUESTED] - 1998: DM [CONFIDENTIAL TREATMENT REQUESTED] - 1999: DM [CONFIDENTIAL TREATMENT REQUESTED] - 2000: DM [CONFIDENTIAL TREATMENT REQUESTED] - 2001: DM [CONFIDENTIAL TREATMENT REQUESTED] Such figures shall be adjusted for actual inflation on the basis of a consumer price index (four-person-households average income) from Closing Date to December 31 of each of the above-mentioned years.
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Under art. 48 of the Law of Ukraine „On Higher Education“ the Receiver chooses the language of instruction: Ukrainian, English (underline the necessary).
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Under art. 1765 Par. 2 of the Act No. 89/2012 Coll, Civil Code, as amended (hereinafter the “Civil Code”), the User explicitely accepts the risk of a substantial change in circumstances which may constitute an especially gross imbalance in the rights and obligations of the Parties. The User shall not be entitled to seek the resumption of contractual negotiations should such a substantial change in circumstatnce under Art. 1765 Par. 1 of the Civil Code occur.
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Related to Under art

  • CONTRACT EXHIBIT I PREFERRED PRICING AFFIDAVIT This preferred-pricing affidavit is entered into in accordance with section 216.0113, F.S., and as required by Contract No. 80101507-21-STC-ITSA (“Contract”) between (“Contractor”) and the Department of Management Services. As the person authorized by Contractor to sign this affidavit, I attest that the Contractor is in full compliance with the preferred-pricing clause of the Contract. Contractor’s Name: By: Signature Printed Name/Title Date: STATE OF COUNTY OF Sworn to (or affirmed) and subscribed before me this day of , by Vendor Name: FEIN# Vendor’s Authorized Representative Name and Title: Address: City, State, and Zip code: Phone Number: ( ) - E-mail: CORPORATE SEAL (IF APPLICABLE) (Print, Type, or Stamp Commissioned Name of Notary Public) [Check One] Personally Known OR Produced the following I.D.

  • Optional Purchases by the Corporation Subject to compliance with applicable securities legislation and approval of applicable regulatory authorities, if any, the Corporation may from time to time purchase by private contract or otherwise any of the Warrants. Any such purchase shall be made at the lowest price or prices at which, in the opinion of the directors of the Corporation, such Warrants are then obtainable, plus reasonable costs of purchase, and may be made in such manner, from such persons and on such other terms as the Corporation, in its sole discretion, may determine. In the case of Warrant Certificates, Warrant Certificates representing the Warrants purchased pursuant to this Section 5.1 shall forthwith be delivered to and cancelled by the Warrant Agent and reflected accordingly on the register of Warrants. In the case of Uncertificated Warrants, the Warrants purchased pursuant to this Section 5.1 shall be reflected accordingly on the register of Warrants and in accordance with procedures prescribed by the Depository under the book entry registration system. No Warrants shall be issued in replacement thereof.

  • Conversion Agent to Notify Company of Conversions If any Note is submitted for conversion to the Conversion Agent or the Conversion Agent receives any notice of conversion with respect to a Note, then the Conversion Agent will promptly notify the Company and the Trustee of such occurrence, together with any other information reasonably requested by the Company, and will cooperate with the Company to determine the Conversion Date for such Note.

  • Mutilated, Destroyed, Lost or Stolen Debt Securities If (a) any mutilated Debt Security is surrendered to the Trustee at its corporate trust office or (b) the Issuers and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security, and there is delivered to the Issuers and the Trustee such security or indemnity as may be required by them to save each of them and any paying agent harmless, and neither the Issuers nor the Trustee receives notice that such Debt Security has been acquired by a protected purchaser, then the Issuers shall execute and, upon an Issuer Order, the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Debt Security, a new Debt Security of the same series of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding. Upon the issuance of any substituted Debt Security, the Issuers or the Trustee may require the payment of a sum sufficient to cover any tax, fee, assessment or other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Debt Security which has matured or is about to mature or which has been called for redemption shall become mutilated or be destroyed, lost or stolen, the Issuers may, instead of issuing a substituted Debt Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Debt Security) if the applicant for such payment shall furnish the Issuers and the Trustee with such security or indemnity as either may require to save it harmless from all risk, however remote, and, in case of destruction, loss or theft, evidence to the satisfaction of the Issuers and the Trustee of the destruction, loss or theft of such Debt Security and of the ownership thereof. Every substituted Debt Security of any series issued pursuant to the provisions of this Section 2.09 by virtue of the fact that any Debt Security is destroyed, lost or stolen shall constitute an original additional contractual obligation of the Issuers, whether or not the destroyed, lost or stolen Debt Security shall be found at any time, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities of that series duly issued hereunder. All Debt Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Debt Securities, and shall preclude any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender.

  • Mutilated, Destroyed, Lost or Stolen Certificate If (a) any mutilated Certificate shall be surrendered to the Certificate Registrar, or if the Certificate Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Certificate and (b) there shall be delivered to the Certificate Registrar and the Owner Trustee such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Certificate shall have been acquired by a bona fide purchaser, the Owner Trustee on behalf of the Trust shall execute and the Owner Trustee, or the Owner Trustee’s authenticating agent, shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and denomination. In connection with the issuance of any new Certificate under this Section, the Owner Trustee or the Certificate Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Certificate issued pursuant to this Section shall constitute conclusive evidence of ownership in the Trust, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.