FUTURE RELATIONSHIP OF THE PARTIES Sample Clauses

FUTURE RELATIONSHIP OF THE PARTIES. The Parties shall enter into a new business relationship as set forth in the Relationship Agreement attached as Exhibit 1 to this Termination Agreement, which Relationship Agreement shall be executed simultaneously with the execution of this Termination Agreement.
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FUTURE RELATIONSHIP OF THE PARTIES. The Parties acknowledge that this Agreement is intended to be the basis for FutureOne to continue to provide its NeighborComm System to other properties that may be developed by System Provider and its owners. Therefore, if FutureOne has met all of its obligations under this Agreement in a manner satisfactory to System Provider, System Provider and its owners shall grant to FutureOne a right to offer a proposal to install their NeighborComm System in other developments to be developed by System Provider or its owners. XIV TERMINATION Either party may terminate this Agreement or suspend its performance hereunder at any time, by giving written notice thereof, upon the occurrence of any of the following events: (a) Any default by the other party under this Agreement. A default under this Agreement is defined as a failure by a party to perform any of its material obligations hereunder. A default shall not be deemed to have occurred until the party that has allegedly failed to perform as required shall have first received written notice setting forth the nature of the default or performance failure and shall have failed to remedy the situation within a reasonable time thereafter, not to exceed thirty (30) days. (b) The cessation of business activities by the other party, or if the other party is adjudicated as bankrupt or makes a general assignment for the benefit of creditors under any insolvency act, or if a permanent receiver or trustee in bankruptcy is appointed for the property of the party and such adjudication, assignment or appointment is not vacated within sixty (60) days. Neither the expiration nor the early termination of this Agreement shall release either party from the obligation to pay any sum which may then be owing to the other party or from the obligation to perform any other duty or discharge any other liability incurred prior to the effective date of such expiration or termination. Upon any termination of this Agreement under this provision, each party shall be fully released from all rights and duties hereunder, without recourse or remedy, except for all of the provisions included in Section XI above. System Provider at its sole option, may sell, and FutureOne shall be obligated to purchase, any infrastructure installed or under construction, at the date of termination, on the terms and conditions specified in this Agreement. If FutureOne is in default of this Agreement, System Provider may consider other providers for communications servic...
Sample 1
FUTURE RELATIONSHIP OF THE PARTIES. Following execution of this Agreement, AHPI will continue to extend to Purchaser the then current transfer prices for medical gas outlets provided by AHPI to HSI under existing contracts executed prior the date of this Agreement. Prospectively, following the execution of this Agreement by the parties, AHPI will sell to Purchaser medical gas outlets and any other equipment manufactured or marketed by AHPI ordered by Purchaser for use in the manufacturing of HSI products, including flow meters, vacuum regulators, and other items to be attached to HSI products not otherwise competitive with AHPI products at the most favorable price at which AHPI sells similar items to its other non-affiliated customers. To facilitate the favorable pricing contemplated herein, Purchaser shall be obligated to provide AHPI with copies of approved submittals in which such other equipment is ordered in combination with manufactured HSI products prior to or contemporaneously with the ordering of same from AHPI. Similarly, Purchaser will sell to AHPI HSI products ordered by AHPI at the most favorable price at which Purchaser sells similar items to its non-affiliated customers. The term of the prospective "Favorable Price" relationship contemplated in this paragraph will begin upon execution of this Agreement by the parties and shall continue for a period of five (5) years thereafter, after which, said "Favorable Price" relationship may be extended upon mutual written agreement by the parties.
Sample 1

Related to FUTURE RELATIONSHIP OF THE PARTIES

  • Relationship of the Parties Nothing contained in this Agreement shall be construed to make one Party an agent of the other Party nor shall either party have any authority to bind the other in any respect, unless expressly authorized by the other party in writing. The Parties are independent contractors and nothing in this Agreement creates a relationship of employment, trust, agency or partnership between them.

  • Relationship of Parties Nothing in this Agreement shall be deemed or construed by the parties or any third party as creating the relationship of principal and agent, partnership or joint venture between the parties, it being understood and agreed that no provision contained herein, and no act of the parties, shall be deemed to create any relationship between the parties other than the relationship set forth herein.

  • RELATIONSHIP OF THE PARTIES/INDEPENDENT CONTRACTOR 27.1 Each Party is an independent contractor, and has and hereby retains the right to exercise full control of and supervision over its own performance of its obligations under this Agreement and retains full control over the employment, direction, compensation and discharge of its employees assisting in the performance of such obligations. Each Party and each Party's contractor(s) shall be solely responsible for all matters relating to payment of such employees, including the withholding or payment of all applicable federal, state and local income taxes, social security taxes and other payroll taxes with respect to its employees, as well as any taxes, contributions or other obligations imposed by applicable state unemployment or workers' compensation acts and all other regulations governing such matters. Each Party has sole authority and responsibility to hire, fire and otherwise control its employees. 27.2 Nothing contained herein shall constitute the Parties as joint venturers, partners, employees or agents of one another, and neither Party shall have the right or power to bind or obligate the other. Nothing herein will be construed as making either Party responsible or liable for the obligations and undertakings of the other Party. Except for provisions herein expressly authorizing a Party to act for another, nothing in this Agreement shall constitute a Party as a legal representative or agent of the other Party, nor shall a Party have the right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name or on behalf of the other Party unless otherwise expressly permitted by such other Party. Except as otherwise expressly provided in this Agreement, no Party undertakes to perform any obligation of the other Party, whether regulatory or contractual, or to assume any responsibility for the management of the other Party's business.

  • Relationship of Advisor and Company The Company and the Advisor are not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them.

  • EMPLOYMENT RELATIONSHIP PROBLEMS What is an Employment Relationship Problem?

  • RELATIONSHIP BETWEEN THE PARTIES A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.

  • Relationship of Borrower and Lender The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or condition of any of the Loan Agreement, the Note, this Security Instrument and the other Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

  • Parties’ Relationship The parties to the Agreement are independent parties. BNY Mellon, in furnishing the Services, is acting as an independent contractor. BNY Mellon has the sole right and obligation to supervise, manage, contract, direct, procure, perform or cause to be performed, all work to be performed by BNY Mellon and its employees, agents, independent contractors and other representatives under the Agreement. At no time shall any such individuals represent himself or herself as an employee of a Fund or be considered an employee of a Fund. BNY Mellon is not a joint venturer with, nor an employee, agent or partner of the Funds and has no authority to represent or bind the Funds as to any matters.

  • EMPLOYMENT RELATIONSHIPS The ORGANIZATION, its employees, volunteers or agents performing under this Agreement are not deemed to be employees of the COUNTY, nor volunteers or agents of the COUNTY in any manner whatsoever. No officer, employee, volunteer or agent of the ORGANIZATION will hold themselves out as, or claim to be, an officer, employee, volunteer or agent of the COUNTY by reason hereof, nor will they make any claim, demand or application to or for any right or privilege applicable to an officer, employee volunteer or agent of the COUNTY. The parties agree that the COUNTY will not be responsible for the payment of any industrial insurance premiums or related claims or other benefits that may arise during the performance of services under this Agreement for any ORGANIZATION employee or volunteer, or for any consultant’s, contractor’s or subcontractor’s employee(s) or agent(s) that has been retained by the ORGANIZATION.

  • Relationship to the Plan This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the Board. Except as otherwise defined in this Award Agreement, capitalized terms shall have the same meanings given to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

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