INTRODUCTION / RECITALS Sample Clauses
The Introduction or Recitals clause serves to provide background information and context for the agreement, outlining the purpose and intentions of the parties involved. Typically, this section summarizes the circumstances leading to the contract, identifies the parties, and describes the general objectives or motivations behind entering into the agreement. By clearly stating the foundational facts and intentions, the Recitals help ensure that all parties share a mutual understanding of the contract’s context, which can aid in interpreting the agreement and resolving ambiguities if disputes arise.
INTRODUCTION / RECITALS. 1.1. ▇▇▇▇▇ aims to develop and deploy a Blockchain infrastructure (the "▇▇▇▇▇ Platform") via issuing tokens (the "CRWDTokens" or "CRWT"). The CRWTs are subject to the terms and conditions attached hereto as Schedule 1.1 (the "Terms") and the Buyer hereby acknowledges and agrees to the Terms. The Terms are an integral part of this Agreement.
1.2. The Buyer is aware of the merits, risks and any restrictions associated with digital tokens, cryptocurrencies and Blockchain-technologies, including but not limited to: (i) risk of losing access to tokens due to loss of private key(s), (ii) risks associated with the Ethereum platform protocol and the ERC20 standard, (iii) risk of hacking and security weaknesses, (iv) risk of uninsured losses, (v) risks associated with uncertain regulations and enforcement actions. By accepting CRWTs, the Buyer expressly acknowledges and assumes in particular the risks set out in the Terms (section 7).
1.3. Based on discussion with Austrian Financial Market Authority (Finanzmarktaufsicht – FMA) ▇▇▇▇▇ ▇▇▇▇▇ that the CRWTs are not securities as defined under applicable laws of Austria and to our best knowledge, the CRWTs do not qualify as securities under the laws of any other jurisdiction (other than the Restricted Areas (as defined by reference below)). Therefore, the CRWTs have not been registered with any competent regulator. The CRWTs may not be offered, sold or otherwise transferred, encumbered or otherwise used except as permitted under applicable laws. ▇▇▇▇▇ does not offer, sell or otherwise transfer CRWTs to persons in any Restricted Area or to persons that are citizens of any Restricted Area.
INTRODUCTION / RECITALS.
A. The Plaintiffs and the Settling Defendants have engaged in arm’s-length settlement discussions and negotiations, including four days of formal mediation with the Honourable ▇▇▇▇▇▇ ▇▇▇▇▇▇, and weeks of subsequent direct negotiations to settle the Actions;
B. As a result of these settlement discussions and negotiations, the Settling Defendants and the Plaintiffs have entered into this Settlement Agreement, which contains all of the terms and conditions of the settlement as between the Settling Defendants and the Plaintiffs, both individually and on behalf of the Class that the Plaintiffs seek to represent, to settle the Actions subject to approval of the Court and the CCAA Court;
C. The Settling Defendants have denied and continue to deny all claims asserted in the Actions and deny all allegations of wrongdoing, fault, liability, or damage of any kind to the Plaintiffs or the Settlement Class;
INTRODUCTION / RECITALS. The Canadian Buyer and U.K. Buyer are wholly-owned direct or indirect subsidiaries of Ceridian. The Canadian Seller and U.K. Seller are Affiliates (as hereinafter defined) of the Company.