Mechanical Nature Sample Clauses
The "Mechanical Nature" clause defines the strictly procedural or automatic aspects of a contract or process, indicating that certain actions or calculations are to be performed in a predetermined, formulaic manner without the need for subjective judgment. For example, this clause might specify that payments are to be calculated based on a fixed formula or that notifications are to be sent automatically upon the occurrence of a specific event. Its core practical function is to ensure consistency and predictability by removing discretion, thereby reducing the risk of disputes over interpretation or execution.
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Mechanical Nature. The roles, duties and functions of the Agents are of a mechanical nature and each Agent shall only perform those acts and duties as specifically set out in this Indenture and no other acts, covenants, obligations or duties shall be implied or read into this Indenture against any of the Agents.
