No Contracting Party Sample Clauses
The "No Contracting Party" clause establishes that no individual or entity, other than those explicitly named in the agreement, is considered a party to the contract. In practice, this means that only the signatories to the contract have rights or obligations under its terms, and third parties cannot claim benefits or enforce provisions based on the contract. This clause serves to prevent unintended third-party claims and ensures that contractual rights and responsibilities are limited strictly to the designated parties, thereby maintaining clarity and control over the agreement's scope.
No Contracting Party applying this Regulation shall refuse national type approval of a vehicle type approved to the 02 series of amendments to this Regulation.
No Contracting Party applying this Regulation shall refuse a type of component approved to the 01 series of amendments to this Regulation.
No Contracting Party applying this Regulation shall refuse a type of parking lamp approved to Supplement 5 to this Regulation.
No Contracting Party applying this Regulation shall refuse a type of rear marking plates approved under this Regulation as amended by Supplement 2 to the 01 series of amendments.
No Contracting Party applying this Regulation shall refuse a type of side-marker lamp approved to Supplement 3 to this Regulation.
No Contracting Party applying this Regulation shall refuse a type of special warning lamps approved under this Regulation as amended.
No Contracting Party applying this Regulation shall refuse a type of direction indicator approved to Supplement 8 to the 01 series of amendments to this Regulation.
No Contracting Party applying this Regulation shall refuse national type approval of a motorcycle type approved under the 03 series of amendments to this Regulation or meeting the requirements thereof.
No Contracting Party shall subject nationals and companies of the other Contracting Party, in its territory, in respect of investments owned by them or subject to their influence, in respect of the professional and economic activity which they carry on in connection with such investments, and in respect of the administration, enjoyment and use of such investments, to conditions less favourable than those to which its own nationals and companies or the nationals and companies of third States are subject.
(1) Investments of nationals and companies of a Contracting Party shall enjoy full protection and security in the territory of the other Contracting Party.
(2) The nationals and companies of a Contracting Party may not be expropriated from their investments in the territory of the other Contracting Party except for reasons of public utility and in return for compensation. The compensation shall correspond to the value of the investment at the time of expropriation, shall be effectively realizable, freely transferable and shall be paid without delay. At the time of expropriation, at the latest, the compensation and the method of payment shall be determined. The legality of the expropriation and the amount of the compensation shall be subject to verification by ordinary judicial proceedings.
(3) Nationals and companies of a Contracting Party whose investments have been damaged by an armed conflict, revolution or riot in the territory of the other Contracting Party shall be treated by the other Contracting Party with respect to restitution, indemnity, compensation or other damages in a manner not less favourable than that accorded to the nationals and companies of that Party. With respect to the transfer of such payments, the Contracting Parties undertake mutually to accord to the nationals and companies of the other Contracting Party treatment no less favorable than that accorded in similar cases to the nationals and companies of a third State.
(4) The provisions of paragraphs 1, 2 and 3 above shall also apply to the proceeds of investments.
(5) With regard to matters governed by this Article, nationals and companies of a Contracting Party shall enjoy in the territory of the other Contracting Party most-favoured-nation treatment.