NATURE OF THE MOU Sample Clauses

NATURE OF THE MOU. 1. Except for Article 4, this MoU serves only as a record of the Parties’ intentions and does not constitute or create, and is not intended to create, rights or obligations under domestic or international law and will not give rise to any legal process and will not be deemed to constitute or create any legally binding or enforceable rights or obligations, expressed or implied.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
NATURE OF THE MOU. This MOU represents the Parties’ commitments to maintain a dialogue and to a specific coordination effort. Though not legally binding in a court of law, the Parties have entered into the MOU after discussion and upon the recommendations of the JLUS Policy and Technical Committees and each Party intends to pursue their obligations in good faith.
Sample 1
NATURE OF THE MOU. Parties acknowledge that this MoU is intended only to summarize the present visions and cooperative spirits of the Parties with regards to the proposed collaboration, which would facilitate further discussions regarding key objectives to be fully described in a future definitive Agreement between the Parties. Parties further agree that nothing in this MoU shall suggest any financial commitment on the part of either Party. Parties agree to proceed at their own expense regarding the subject matter of this MoU until the execution of a definitive Agreement MoU IITA & Zero Gravity Solutions Ltd
Sample 1
NATURE OF THE MOU. This MOU outlines the framework of the working relationship between the parties. It does not constitute a contract and is based upon goodwill and is bound in honour only. This MOU does not constitute a partnership or joint venture and neither of the parties can commit the other parties financially or otherwise to third parties. The MOU does not replace the Community Reference Group (CRG) established by WIM. The CRG will continue to function in its current format until the State Government establishes the Environmental Review Committee (ERC) in accordance with the Mining Work Plan for the Avonbank Project. Once the ERC has been established, the scope and purpose of the CRG will be reviewed by WIM in conjunction with the HRCC. MEMORANDUM OF UNDERSTANDING The MOU does not replace the Community Reference Group (CRG) established by WIM. The CRG will continue to function in its current format until the State Government establishes the Environmental Review Committee (ERC) in accordance with the Mining Work Plan for the Avonbank Project. Once the ERC has been established, the scope and purpose of the CRG will be reviewed by WIM in conjunction with the HRCC.
Sample 1
NATURE OF THE MOU. This MOU does not create any legally binding obligations. This MOU does not create any relationship of employment, agency, partnership or joint venture between the Participants. The purpose of this MOU serves only as a statement of intention by the Participants to work collaboratively to identify opportunities to advance the growth and diversification of Alberta’s aerospace, aviation and logistics sectors, and to contribute to greater competitiveness, diversification, trade, and travel opportunities in the Alberta and Canadian economies.
Sample 1
NATURE OF THE MOU. This MOU outlines the framework of the working relationship between the parties. It does not constitute a contract and is based upon goodwill and is bound in honour only. This MOU does not constitute a partnership or joint venture and neither of the parties can commit the other parties financially or otherwise to third parties. The MOU does not replace the Community Reference Group (CRG) established by WIM. The CRG will continue to function in its current format until the State Government establishes the Environmental Review Committee (ERC) in accordance with the Mining Work Plan for the Avonbank Project. Once the ERC has been established, the scope and purpose of the CRG will be reviewed by WIM in conjunction with the HRCC.
Sample 1
NATURE OF THE MOU. This MOU is not intended to create legal relations or obligations between the two Parties or to impose formal obligations on them. Any specific activities identified under this MOU as opportunities for collaboration between the Parties will be the subject of additional written agreements between the Parties. In particular, this MOU does not represent any specific commitment with regard to funding on the part of the Parties. In keeping with the administrative nature of these arrangements, no provision of this MOU will be construed to interfere in any way with the independent decision-making autonomy of the Parties with regard to their respective affairs and operations. Furthermore, this MOU shall not represent any commitment on the part of either Party to give preferred treatment to the other in any matter contemplated under this MOU or otherwise.
Sample 1
AutoNDA by SimpleDocs
NATURE OF THE MOU. 9.1 This MoU is not an agreement under international law; it is not intended to create rights and obligations under international law.
Sample 1

Related to NATURE OF THE MOU

  • Nature of the Award In accepting the Award, you acknowledge, understand and agree that:

  • Nature of the Option This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

  • Nature of Purchaser Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

  • Structure of the Merger Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time (as defined in Section 1.3), Merger Sub shall be merged with and into the Company, and the separate existence of Merger Sub shall cease. The Company will continue as the surviving corporation in the Merger (the “Surviving Corporation”).

  • Nature of Purchase Such Purchaser is not acquiring the Notes purchased by it hereunder with a view to or for sale in connection with any distribution thereof within the meaning of the Securities Act, provided that the disposition of such Purchaser's property shall at all times be and remain within its control.

  • Nature of Investment The Limited Partner acknowledges that prior to its execution of this Agreement, it received a copy of this Agreement and such other documents relating to the Partnership, the General Partner and the proposed activities of the Partnership as it deems relevant to its investment in the Partnership and that it has examined such documents or caused such documents to be examined by its attorney and financial advisers. The Limited Partner acknowledges that it understands that the purchase of its interest in the Partnership is a speculative investment involving a high degree of risk and represents that it has a net worth sufficient to bear the economic risk of its investment in the Partnership and to justify its investing in a highly speculative venture such as the Partnership.

  • Nature of Services Executive shall diligently perform such duties and assume such responsibilities as shall from time to time be specified by the Company.

  • Nature of Business Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

  • Nature of the Grant In signing this Agreement, the Participant acknowledges that:

  • NATURE OF OPTION The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”.

Time is Money Join Law Insider Premium to draft better contracts faster.