CBIS Principles Sample Clauses

CBIS Principles. Lessor acknowledges that Lessee shall not be deemed responsible for the acts of any third-party users of the Buildings that are beyond Xxxxxx's reasonable control. However, Xxxxxx agrees that in conducting its business and as a landlord or sublessee to any Full-Site Tenant or other Tenants, Lessee shall (to the extent within its control) use all reasonable, good faith efforts (i) not to cause, suffer or permit the Premises to be developed or used in such a way as to cause public scandal to Lessor or to the Roman Catholic Church, and (ii) to comply with the statement of the Christian Brothers Investment Services, Inc. regarding a commitment to socially responsible investing ("CBIS Principles") as from time to time in effect. Xxxxxx acknowledges that the CBIS Principles are drawn "from the social teachings of the Judeo-Christian Tradition" and are intended to "promote and demonstrate the dignity and quality of human life," while at the same time they are "dedicated to the promotion of responsible stewardship of financial resources." To that end, Xxxxxx shall not enter into a Full-Site Tenant Lease or any Tenant Leases or other contractual arrangements affecting the Premises with any third parties whose business practices and policies at the time of entering into such lease or other contractual arrangement are, in the absolute judgment of Lessor, offensive to or violate the CBIS Principles. In connection therewith, Lessor and Xxxxxx shall consult with each other upon request from time to time concerning the status and applicability of the CBIS Principles to any specific transaction, situation or matter in connection with the Premises and Lessor will at all times have a member or members of the Society of the Divine Word designated from time to time who will be available to consult with Lessee with respect thereto. Notwithstanding the foregoing or anything else contained in this Lease to the contrary, Xxxxxx's failure, or alleged failure, to comply with the CBIS Principles or with the provisions of clause (i) of this Section 6.2(c) in connection with this Lease or any Full-Site Tenant Lease or other Tenant Lease shall not be grounds for termination of this Lease by Lessor or for the imposition of any damages or penalties, and shall not give rise to any right to injunctive or other relief on the part of Lessor.
Sample 1
AutoNDA by SimpleDocs

Related to CBIS Principles

  • General Principles All provisions herein shall be subject to the requirements of all applicable Law and any collective bargaining, works council or similar agreement or arrangement with any labor union, works council or other labor representative (each, a “Labor Agreement”). Notwithstanding anything in this Agreement to the contrary, if the terms of a Labor Agreement or applicable Law require that any Assets or Liabilities be retained or assumed by, or transferred to, a Party in a manner that is different than what is set forth in this Agreement, such retention, assumption or transfer shall be made in accordance with the terms of such Labor Agreement and applicable Law and shall not be made as otherwise set forth in this Agreement; provided that, in such case, the Parties shall take all necessary action to preserve the economic terms of the allocation of Assets and Liabilities contemplated by this Agreement. The provisions of this Agreement shall apply in respect of all jurisdictions.

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Principles Final approval of the Principles (including deferral of the instalments of principal of the Loan due to be repaid during the Deferral Period) by Hermes.

  • Definitions Principles of Construction Section 1.1 Definitions 1 Section 1.2 Principles of Construction 13 ARTICLE II

  • General Construction Principles Words in any gender are deemed to include the other genders. The singular is deemed to include the plural and vice versa. The headings and underlined paragraph titles are for guidance only and have no significance in the interpretation of this Agreement.

  • Accounting Terms and Principles (a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in conformity with GAAP.

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • Principles of Construction All references to sections and schedules are to sections and schedules in or to this Agreement unless otherwise specified. All uses of the word “including” shall mean “including, without limitation” unless the context shall indicate otherwise. Unless otherwise specified, the words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified, all meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined.

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

  • General Interpretive Principles For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

Time is Money Join Law Insider Premium to draft better contracts faster.