INTERPRETATION AND APPLICATION OF THE AGREEMENT Sample Clauses

INTERPRETATION AND APPLICATION OF THE AGREEMENT. The competent authorities of the contracting States shall endeavor to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of this Agreement. In particular, the competent authorities may agree to a common meaning of a term.
Sample 1
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INTERPRETATION AND APPLICATION OF THE AGREEMENT. The competent authorities of the Contracting Tax Administrations shall endeavour to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of this Agreement. In particular, the competent authorities may agree to a common meaning of a term.
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. With regard to the disputes between the Parties on the interpretation or application of the Agreement, priority is given to amicable settlement, hence the first channel listed is the diplomatic channel, followed by the arbitration channel. As regards the settlement of investment disputes between a Party and an investor of the other Party, the Agreement also gives priority to amicable settlement, through negotiation between the Parties, followed by the submission of the dispute to the competent courts of the Party in the territory from which locates the investment, to an ad hoc arbitral tribunal, to the International Center for the Settlement of Investment Disputes (CIRDI) or to any other arbitration institution or in accordance with any other arbitration rules. As the Parties decide to submit the dispute to one of the procedures referred to in this Agreement, such decision is irreversible. Judgments will be recognized and enforced in accordance with applicable domestic and international law. It is also agreed that neither Party may resort to diplomatic channels to resolve any issue related to arbitration, unless the process has already been completed and the Party has not accepted or complied with the decision. Finally, the Parties have instituted that, if the domestic law of one of the Parties or the international law in force or that will come into force between both Parties establishes a legal regime that grants investments made by investors of the other Party a more favorable treatment than what is provided for in this Agreement, the most favorable regime will prevail. A general obligation has also been defined for the Parties, whenever necessary, to consult each other on any matter relating to the application of this Agreement, at a place and date to be agreed through diplomatic channels. Xxxxxxx X. Xxxxxxxxx – Lawyer
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. The Agreement shall be interpreted and applied according to the following: 2.2.1. The headings are for convenience only and shall be ignored in construing this Agreement. 2.2.2. If the singular presents the plural, plural presents singular, then numbers shall present the meaning other than where the context determines otherwise, the singular includes the plural and vice versa. 2.2.3. References to Clauses of the Law, rules, decisions, orders, methodology, similar legislative references shall include later made amendments. 2.2.4. Amendments and changes to the Agreement, attachments shall be considered legal acting document as a part of the Agreement and attachments. 2.2.5. Unless otherwise interpreted in the Agreement, the generally recognised technical and commercial terms shall have the same recognised meaning.
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. This Agreement shall be interpreted and applied in the light of its primary purpose which is to enable the Organisation to fully and efficiently discharge its responsabilities and fulfil its tasks.
Sample 1

Related to INTERPRETATION AND APPLICATION OF THE AGREEMENT

  • Interpretation of the Agreement The laws of the Commonwealth of Pennsylvania shall govern this Agreement.

  • Application of the Agreement (1) This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation by investors of the other Contracting Party prior as well as after the entry into force of this Agreement. (2) This Agreement shall not apply to claims which have been settled or procedures which have been initiated prior to its entry into force.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • Interpretation and Governing Law This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement, all parties having been represented by counsel in the negotiation and preparation hereof.

  • Implementation of the Agreement Regulations of this Agreement relating to investments who investors of one Contracting Party realized before or after the entry into force of this Agreement, with what shall apply from the moment of its entry into force, provided that such investments conducted in accordance with the laws of that Party Contracting.

  • Interpretation and Rules of Construction In this Agreement, except to the extent otherwise provided or that the context otherwise requires: (a) when a reference is made in this Agreement to an Article, Section, Exhibit or Schedule, such reference is to an Article or Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated; (b) the table of contents and headings for this Agreement are for reference purposes only and do not affect in any way the meaning or interpretation of this Agreement; (c) whenever the words “include,” “includes” or “including” are used in this Agreement, they are deemed to be followed by the words “without limitation”; (d) the words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) all terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant hereto, unless otherwise defined therein; (f) the definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms; (g) references to a Person are also to its successors and permitted assigns; and (h) the use of “or” is not intended to be exclusive unless expressly indicated otherwise.

  • Interpretation and Construction When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement, unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” and “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” 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. The word “will” shall be construed to have the same meaning as the word “shall.” The words “dates hereof” will refer to the date of this Agreement. The word “or” is not exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms. Any agreement, instrument, law, rule or statute defined or referred to herein means, unless otherwise indicated, such agreement, instrument, law, rule or statute as from time to time amended, modified or supplemented. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the advice of said independent counsel. Each party cooperated and participated in the drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties hereto, and any controversy over interpretations of this Agreement shall be decided without regards to events of drafting or preparation.

  • Interpretation and Definition of Terms Any question of interpretation of any term or provision of this Agreement having a counterpart in or otherwise derived from a term or provision of the Act shall be resolved by reference to such term or provision of the Act and to interpretation thereof, if any, by the United States courts, or, in the absence of any controlling decision of any such court, by rules, regulations or orders of the Securities and Exchange Commission validly issued pursuant to the Act. Specifically, the terms "vote of a majority of the outstanding voting securities," "interested persons," "assignment" and "affiliated person," as used in this Agreement shall have the meanings assigned to them by Section 2(a) of the Act. In addition, when the effect of a requirement of the Act reflected in any provision of this Agreement is modified, interpreted or relaxed by a rule, regulation or order of the Securities and Exchange Commission, whether of special or of general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order.

  • Interpretation and Applicable Law This Agreement shall be construed and interpreted in accordance with the laws of the state in which the Real Property is located. Where required for proper interpretation, words in the singular shall include the plural; the masculine gender shall include the neuter and the feminine, and vice versa. The terms “successors and assigns” shall include the heirs, administrators, executors, successors, and assigns, as applicable, of any party hereto.

  • Interpretation and Severability If any provision of this Agreement is held to be unlawful, invalid, or unenforceable under present or future laws effective during the terms hereof, such provisions shall be fully severable and this Agreement shall be construed and enforced as if such unlawful, invalid, or unenforceable provision was not a part of this Agreement. Furthermore, if any provision of this Agreement is capable of two constructions, one of which would render the provision void and the other of which would render the provision valid, then the provision shall have the meaning which rends it valid.

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