Discretionary Nature of Agreement Sample Clauses

Discretionary Nature of Agreement. (a) THE BANK IS NOT COMMITTING ITSELF AT THIS TIME OR AT ANY TIME IN THE FUTURE TO MAKE ANY LOANS TO THE BORROWER HEREUNDER OR UNDER THE OTHER LOAN DOCUMENTS OR OTHERWISE EXTEND ANY FORM OF CREDIT TO THE BORROWER. EACH REQUEST FOR A LOAN THAT THE BANK SHALL RECEIVE FROM THE BORROWER SHALL BE CONSIDERED INDIVIDUALLY IN LIGHT OF CONSIDERATIONS WHICH THE BANK IN ITS SOLE DISCRETION MAY THEN FIND PERTINENT. (b) Any Loan which the Bank, in its sole discretion, may make shall be on such terms and conditions as the Bank may require and shall be evidenced by documentation inform and substance satisfactory to the Bank. In this regard, the Borrower is advised that the conditions, conduct of business guidelines and other guidelines contained herein are provided merely as a general guideline to assist the Borrower in determining whether to request a Loan. If, however, the Bank makes any Loan and the Bank shall not specify other terms, conditions or documentation applicable thereto, then such Loan shall be subject to the conditions, conduct of business guidelines and other guidelines contained in this Agreement. (c) The Borrower hereby acknowledges and agrees that the Bank may at anytime decline to make any Loan, with or without sufficient reason for doing so, and without any liability arising because of the Bank doing so. Regardless of what the Borrower may believe the Bank or any other banks might be expected to do under similar circumstances, and regardless of any favorable expectations that any party hereto may have or express to the Borrower from time to time, in making the Borrower’s business decisions, the Borrower should not, and does not, rely on any Loans which the Borrower may request hereunder or under any of the other Loan Documents. (d) The Bank reserves its rights, at any time and in its sole discretion, to terminate this Agreement even while a request by the Borrower for a Loan is anticipated or pending.
Sample 1
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Discretionary Nature of Agreement. The grant of the Award in this Agreement does not create any contractual right or other right to receive other awards of Restricted Stock, qualified or non-qualified stock options, or other types of equity or cash awards in the future. Future awards or grants, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of Grantee’s employment by or service to the Company or any Affiliate thereof. (signature page follows) By Grantee’s signature and the signature of the Company’s representative below, this Agreement shall be deemed to have been executed and delivered by the parties hereto as of the Award Date set forth on the first page of this Agreement. [NAME] [NAME] References in this Schedule I to “Agreement” shall mean the Performance-Based Restricted Stock Award Agreement, inclusive of this Schedule I, and references to “Award” shall mean the Restricted Stock Award evidenced by the Agreement.
Sample 1
Discretionary Nature of Agreement. The grant of the Award in this Agreement does not create any contractual right or other right to receive other awards of Restricted Stock, qualified or non-qualified stock options, or other types of equity or cash awards in the future. Future awards or grants, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of Grantee’s employment by or service to the Company or any Affiliate thereof.
Sample 1
Discretionary Nature of Agreement. The grant of the Restricted Stock Units in this Agreement does not create any contractual right or other right to receive any Restricted Stock Units or other awards in the future. Future awards, if any, will be at the sole discretion of the Company.
Sample 1
Discretionary Nature of Agreement. The grant of the SARs in this Agreement does not create any contractual right or other right to receive any SARs or other awards in the future. Future awards, if any, will be at the sole discretion of the Company.
Sample 1

Related to Discretionary Nature of Agreement

  • Discretionary Nature of Plan The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the Option in this Agreement does not create any contractual right or other right to receive any Options or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Company.

  • Voluntary Nature of Agreement Executive acknowledges and agrees that Executive is executing this Agreement voluntarily and without any duress or undue influence by the Company or anyone else. Executive further acknowledges and agrees that Executive has carefully read this Agreement and that Executive has asked any questions needed for Executive to understand the terms, consequences and binding effect of this Agreement and fully understands it, including that EXECUTIVE IS

  • Nature of Agreement You understand and agree that this letter agreement is a severance agreement and does not constitute an admission of liability or wrongdoing on the part of the Company.

  • Structure of Agreement The Trust is entering into this Agreement solely on behalf of the Fund or Funds named herein individually and not jointly. Notwithstanding any to the contrary in this Agreement, no breach of any term of this Agreement shall create a right or obligation with respect to any series of the Trust other than the Fund; (b) under no circumstances shall the Adviser have the right to set off claims relating to the Fund by applying property of any other series of the Trust; and (c) the business and contractual relationships created by this Agreement, consideration for entering into this Agreement, and the consequences of such relationship and consideration relate solely to the Trust and the Fund.

  • End of Agreement You may terminate this Agreement by destroying all copies of the Program. Your right to use the Program shall end immediately if You fail to comply with any of the terms set forth in this Agreement, or as otherwise set forth in the “License” section above, in which case You shall destroy all copies of the Program. Except as expressly set forth in the Associated Product Agreement, the terms and conditions governing the Associated Product Agreement are not affected by the termination of Your right to use the Program under this Agreement. The provisions of this Agreement that by their nature continue shall survive any expiration or termination of this Agreement.

  • Review of Agreement Each party acknowledges that it has had time to review this agreement and, as desired, consult with counsel. In the interpretation of this agreement, no adverse presumption shall be made against any party on the basis that it has prepared, or participated in the preparation of, this agreement.

  • Binding Nature of Agreement; Assignment This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

  • Binding Nature of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

  • Operation of Agreement This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement shall become immediately operative.

  • Performance of Agreement Seller and its Affiliates shall have performed in all material respects all of their covenants, agreements and obligations required by this Agreement to be performed or complied with by them prior to or upon the Closing.

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