Interpretation of the General Agreement Sample Clauses

Interpretation of the General Agreement. At the Second Session of the CONTRACTING PARTIES in September 1948, a Working Party on Modifications to the General Agreement examined which of the revisions to the ITO Charter which had been made at Havana should be brought into the General Agreement text by amendment. In support of the decision of the Working Party not to pick up every one of the changes, its Report notes that “if difficulties in application were to arise before the entry into force of the Charter, the CONTRACTING PARTIES would still have the possibility under the terms of Article XXV to settle such cases in the light of the provisions of Article XXIX, paragraph 1”.3 In 1949, the Chairman of the CONTRACTING PARTIES interpreted the phrase “with a view to facilitating the operation and furthering the objectives of this Agreement” as “enabling the CONTRACTING PARTIES acting jointly to interpret the Agreement whenever they saw fit. It was open for any government disagreeing with an interpretation to take the dispute which had given rise to such an interpretation to the International Court, although neither a government nor the CONTRACTING PARTIES acting jointly could take a ruling of the CONTRACTING PARTIES to the Court”. The Chairman’s statement was not contested.4 In 1961, the Executive Secretary said “that it was within the functions of the CONTRACTING PARTIES, acting jointly under Article XXV, to interpret the Agreement whenever they saw fit. It would be open for any government which disagreed with an interpretation to take the dispute which had given rise to the interpretation to the International Court of Justice, although neither a government nor the CONTRACTING PARTIES acting jointly could take a ruling of the CONTRACTING PARTIES to the Court”.5 The Review Session Working Party on Organizational and Functional Questions in 1954-55 negotiated the text of an Agreement on the Organization for Trade Cooperation. Article 3 of this Agreement on “Functions” provided in part that “no decision or other action of the Assembly or any subsidiary body of the Organization shall have the effect of imposing on any Member any new obligation which the Member has not specifically agreed to undertake”. In this connection, the Report of the Working Party notes that “It was … agreed that an obligation arising from the operation or interpretation of a specific provision of the General Agreement … including an interpretation that a particular obligation thereunder had become applicable, would not be the imp...
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Related to Interpretation of the General Agreement

  • of the General Terms and Conditions If none, please so indicate by checking the box: x.

  • Modifications to the General Conditions The modifications to the General Conditions are as follows:

  • Interpretation and Construction 2.1 This Agreement includes this Agreement and all Exhibits appended hereto, each of which is hereby incorporated by reference in this Agreement and made a part hereof. All references to Sections and Exhibits shall be deemed to be references to Sections of, and Exhibits to, this Agreement unless the context shall otherwise require. The headings and numbering of Sections and Exhibits used in this Agreement are for convenience only and will not be construed to define or limit any of the terms in this Agreement or affect the meaning and interpretation of this Agreement. Unless the context shall otherwise require, any reference to any statute, regulation, rule, Tariff, technical reference, technical publication, or any publication of Telecommunications industry administrative or technical standards, shall be deemed to be a reference to the most recent version or edition (including any amendments, supplements, addenda, or successor) of that statute, regulation, rule, Tariff, technical reference, technical publication, or any publication of Telecommunications industry administrative or technical standards that is in effect. Provided however, that nothing in this Section 2.1 shall be deemed or considered to limit or amend the provisions of Section 2.2. In the event a change in a law, rule, regulation or interpretation thereof would materially change this Agreement, the terms of Section 2.2 shall prevail over the terms of this Section 2.1. In the case of any material change, any reference in this Agreement to such law, rule, regulation or interpretation thereof will be to such law, rule, regulation or interpretation thereof in effect immediately prior to such change until the processes set forth in Section 2.2 are implemented. The existing configuration of either Party's network may not be in compliance with the latest release of technical references, technical publications, or publications of Telecommunications industry administrative or technical standards.

  • of the General Conditions The certified or cashier's check or bond shall be in the amount of the 5% of the original contract amount, and shall have an expiration date consistent with the final correction or warranty period.

  • of the General Terms If that happens, we can give you notice declaring all amounts you owe us under this Agreement to be due immediately and we can enforce our rights under the security interest (which could include re-possessing and selling the Goods).

  • 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.

  • Governing Law; Interpretation This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts, without regard to conflict of law principles. In the event of any dispute, this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either you or the Company or the “drafter” of all or any portion of this Agreement.

  • 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.

  • Entire Contract, Interpretation, and Amendments a) The Contract contains the entire agreement between the Owner and Program Administrator and between the Tenant and Program Administrator.

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

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