Loyalty Clause Sample Clauses

Loyalty Clause. 1. The Contractual Partners shall agree that at the time of the conclusion of the contractual relationship not all matters regarding actual and legal aspects could have been anticipated and regulated conclusively that could result from the current and future technical and economic development, from legal changes, from regulatory measures or from other circumstances essential for this Agreement.
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Loyalty Clause. The Parties hereto are agreed that application of the provisions agreed in the Agreement (including these Terms and Conditions) is subject to the principles of commercial loyalty and give a mu- tual assurance of their intention to execute the Agreement in this spirit. Going beyond the provisions of statute, the foundation for the transaction shall be subject to the following arrangements: Should circumstances emerge during the contractual term that have a significant and lasting effect in financial or legal terms on further execution of the Agreement for at least one of the Parties hereto, the Parties hereto shall make efforts to adjust their con- tractual commitments to meet the changed circumstances. Depending on the individual case, this may include the following situations: a long-term decline in the energy needs of Customer, the shutdown of dry-lignite (DL) production in at least one of RWE Power AG's production locations, or any not merely imma- terial and temporary increase in production costs due to a change in the legal or approval situation. The contracting partner who wishes to rely on changed circum- stances shall notify the other partner thereof in writing. Such no- tification shall detail the changed circumstances and the precon- ditions pursuant to subsection 2 above. If no amicable adjustment comes about in the case of subsection 2 within one month after the contracting partner has received a notification that meets the requirements of subsection 3, either contracting partner may terminate the Agreement by giving 6 months' notice to the end of a month. Any termination notice shall be in writing.
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Loyalty Clause. 28.1 Upon conclusion of this Agreement, not all factual and legal aspects that may arise, in particular from future technical and economic developments, from any changes in statutory regulations, or other circumstances essential for the contractual relationship can be predicted and covered exhaustively. The Par- ties agree that the principles of commercial loyalty shall apply to their collabo- ration. They mutually represent to fulfill the contractual agreements in this spirit and to take into account accordingly any changes in the situation that may become necessary in the future.
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Loyalty Clause. (e.2.1.) The Employee undertakes, throughout the term of his employment agreement with the Employer and subsequent to termination thereof, to refrain from disparaging the Employer, its employees or customers/clients.
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Related to Loyalty Clause

  • Severability Clause Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is as close as possible to the economic effect of this Agreement without regard to such invalidity.

  • Separability Clause In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Severability of Clauses If any part of this Agreement is declared or held to be invalid for any reason, such invalidity will not affect the validity of the remainder which will continue in full force and effect and be construed as if this Agreement had been executed without the invalid portion, and it is hereby declared the intention of the parties that this Agreement would have been executed without reference to any portion which may, for any reason, be hereafter declared or held to be invalid.

  • Confidentiality Clause 1. Both parties agree to endeavor to take all reasonable measures to keep in confidence the execution, terms and conditions as well as performance of this Agreement, and the confidential data and information of either party that the other party may know or access during performance of this Agreement (hereinafter referred to as “Confidential Information”), and shall not disclose, make available or assign such Confidential Information to any third party without the prior written consent of the party providing the information.

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • Survival Clause It is the intent of the Parties that this Agreement and procurement method applies to any TIPS Sale made during the life of this Agreement even if made on or near the Contract Expiration Date as defined herein. Thus, all TIPS Sales, including but not limited to: leases, service agreements, license agreements, open purchase orders, warranties, and contracts, even if they extend months or years past the TIPS Contract Expiration Date, shall survive the expiration or termination of this Agreement subject to the terms and conditions of the Supplemental Agreement between Customer and Vendor or unless otherwise specified herein.

  • Savings Clause If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest extent permitted by applicable law.

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