Legal Nature Sample Clauses

Legal Nature. 4.1 This MoU is a statement of intent and does not create any directly or indirectly enforceable rights. The Participants will fulfil their responsibilities under this MoU on a best-efforts basis. 4.2 This MoU does not modify or supersede any Union law or any national laws nor does it affect any provisions under other multilateral or bilateral agreements in force and applicable to the Participants. 4.3 This MoU does not authorise or prohibit a Participant from taking measures (other than those identified in this MoU) to obtain information necessary to ensure compliance with relevant Union law. 4.4 There will be no third party beneficiaries to this MoU. 5 Regulation (EU) No. 468/2014 of the ECB of 16 April 2014, OJ L 141, p.1. 5.1 Based on Article 3.5 of the Rules of Procedure of the Supervisory Board and Article 30(4) of the SRM Regulation, the Supervisory Board will invite the Chair of the SRB to participate as an observer in its meetings for items relating to the tasks and responsibilities of the SRB. Such items shall be as follows: deliberations on recovery plans, group financial support, a rapidly deteriorating financial condition of an institution as defined in Article 27(1) of Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council 6 (hereinafter the ‘BRRD’), and any deliberations regarding measures provided in Article 13 of the SRM Regulation and a failing or likely to fail determination. The Supervisory Board may also invite the Chair of the SRB if the ECB has been informed of the SRB’s intention to make an assessment of the condition referred to in Article 18(1)(a) of the SRM Regulation. Where deemed appropriate, the SRB may appoint another representative to attend a meeting in the place of the Chair of the SRB. 5.2 The ECB will send the meeting documentation for the items which the Chair of the SRB has been invited to attend to the SRB at the same time as the documentation is sent to the Members of the Supervisory Board. The relevant excerpts from the minutes of the meeting will be provided to the SRB for information after the meeting at the same time as the minutes a...
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Legal Nature. The Parties expressly affirm that this Cooperation Agreement is not a legally binding contract, save for Article 4, but it is intended to confirm the basic settings agreed upon and the goodwill of the Parties to materialise a fruitful collaboration.
Legal Nature. The Concession, subject matter of this Contract, is granted as a part of the process carried out by the State of the Republic of Peru, represented by the GRANTOR, for the transfer of productive activities to the private sector. This process is aimed at improving the quality of services and increasing the scope of the Airport Infrastructure in the country in order to contribute to the development of foreign trade, tourism and regional integration.
Legal Nature. The Plan and any RIU Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
Legal Nature. 4.1 This MoU is a statement of intent and does not create any directly or indirectly enforceable rights.
Legal Nature. The Plan and any Option Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
Legal Nature. The Plan and any PSU Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
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Legal Nature. The Parties expressly affirm that this MoU is not a legally binding contract, save for Article 4, but it is intended to confirm the basic settings agreed upon and the goodwill of the Parties to materialise a fruitful collaboration.
Legal Nature. 4.1 This MoU is a statement of intent and does not create any directly or indirectly enforceable rights. The Participants will fulfil their responsibilities under this MoU on a best-effort basis. 4.2 This MoU does not modify or supersede any Union law or any national laws nor does it affect any provisions under other multilateral or bilateral agreements in force and applicable to the Participants. 4.3 This MoU does not authorise or prohibit a Participant from taking measures other than those identified in this MoU to obtain information necessary to ensure compliance with relevant Union law. 4.4 There will be no third party beneficiaries to this MoU.
Legal Nature. This MoC is a statement of intent and does not create any enforceable rights or obligations. The Parties will fulfil their tasks under this MoC willingly on best-effort basis respecting the rights and responsibilities of the Parties. This MoC does not modify or supersede any national or EU laws nor does it affect any provisions from the respective universities or other multilateral or bilateral agreements in force and applicable to the Parties
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