MUTUALITY OF OBLIGATION Sample Clauses

MUTUALITY OF OBLIGATION. The obligations and covenants of the Lessor, and the Government’s obligation to pay rent and perform such other obligations as may be specified herein, are interdependent.
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MUTUALITY OF OBLIGATION. (SEP 1999)
MUTUALITY OF OBLIGATION. As prescribed in 570.603, insert the following clause: Mutuality of Obligation (SEP 1999) The obligations and covenants of the Les- sor, and the Government’s obligation to pay rent and other Government obligations and covenants, arising under or related to this Lease, are interdependent. The Government may, upon issuance of and delivery to Lessor of a final decision asserting a claim against Xxxxxx, set off such claim, in whole or in part, as against any payment or payments then or thereafter due the Lessor under this lease. No setoff pursuant to this clause shall constitute a breach by the Government of this lease. (End of clause)
MUTUALITY OF OBLIGATION. The obligations and covenants of the Lessor, and the Company’s obligation to pay rent and other Company obligations and covenants, arising under or related to this Lease, are interdependent. The Company may, upon issuance of and delivery to Lessor of a final decision asserting a claim against Xxxxxx, set off such claim, in whole or in part, as against any payment or payments then or thereafter due the Lessor under this Lease. No setoff pursuant to this clause shall constitute a breach by the Company of this Lease.
MUTUALITY OF OBLIGATION. The obligations and covenants of the Lessor, and the County's obligation to pay rent and other County obligations and covenants, arising under or related to this Lease, are interdependent. The County may, upon its issuance of and delivery to Lessor of a final decision asserting a claim against Xxxxxx, set off such claim, in whole or in part, as against any payment or payments then or thereafter due the Lessor under this Lease. No setoff pursuant to this clause shall constitute a breach by the County of this Lease.
MUTUALITY OF OBLIGATION. The Board and the Association will make every good faith effort to carry out the spirit as well as the letter of this agreement, subject to law. Both parties further agree to take no action that will demean the process or be contrary to the laws of the State of New Jersey pertaining to strikes or work stoppages by public employees.
MUTUALITY OF OBLIGATION. 1. In the event that any provision of this agreement is, or will at any time be, contrary to law, all other provisions of this agreement will continue in effect. 2. All activities connected with this contract, including processing of grievances, will be conducted during reasonable hours. 3. Present administrative procedures regarding the presence of unauthorized personnel on school grounds will be maintained.
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MUTUALITY OF OBLIGATION. Section 1 - Agreement The Board and the Association will make every good faith effort to carryout the spirit/ as well as the letter of this Agreement/ subject to law. Both parties further agree to take no action that will demean the process or be contrary to the laws of the State of New York pertaining to work stoppages or strikes by public employees during the period of this Agreement. Section 2 - Amending of Rules The Board herewith amends its rules and regulations to the extent necessary to give effect to the provisions of this Agreement.
MUTUALITY OF OBLIGATION. 1. The idea that both parties to a contract must give something of legal value in order to get something in exchange. If one of the parties has neither contributed nor promised to contribute anything that is meaningful in the eyes of the law, there cannot be said to be a contract. 2. An illusory promise is not supported by consideration, and is therefore not enforceable. An illusory promise is a statement which appears to be promising something, but which in fact does not commit the promisor to do anything at all.
MUTUALITY OF OBLIGATION. A. It is understood and agreed that the District and the Association will make every good faith effort to carry out the spirit as well as the letter of this agreement, subject to the law. Both parties further agree to take no action that will demean the process or be contrary to the laws of the State of New York pertaining to strikes or work stoppages by public employees for the duration of this agreement. The parties further agree that negotiations will not be re-opened on any item whether contained herein or not during the life of this agreement. B. The District hereby amends its rules and regulations to the extent necessary to give effect to the provisions of this agreement. District rules and regulations not altered by this agreement are considered to be ongoing policy and shall remain in effect unless altered specifically by this agreement.
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