No Remuneration Clause Samples
The No Remuneration clause establishes that a party will not receive payment or compensation for certain services or activities performed under the agreement. In practice, this means that even if one party contributes time, effort, or resources, they do so without expectation of financial reward or reimbursement. This clause is commonly used to clarify that participation is voluntary and to prevent future claims for payment, thereby ensuring both parties have a clear understanding of the financial terms and eliminating disputes over compensation.
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No Remuneration. Neither the Company nor anyone acting on the Company’s behalf has paid or given any commission or other remuneration to any person directly or indirectly in connection with or in order to solicit or facilitate the Exchange.
No Remuneration. No remuneration shall be payable to the Owners’ Committee or any member thereof but such members shall be entitled to be reimbursed for all out-of-pocket expenses reasonably and necessarily incurred in carrying out their duties.
No Remuneration. Neither the Holder nor anyone acting on the Holder’s behalf has paid or given any person a commission or other remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange.
No Remuneration. Neither such Party nor anyone acting on such Party’s behalf has paid or given any person a commission or other remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange.
No Remuneration. Neither the Investor nor any of its affiliates, nor any person acting on behalf of or for the benefit of any of the forgoing, has paid or given, or agreed to pay or give, directly or indirectly, any commission or other remuneration (within the meaning of Section 3(a)(9) of the Securities Act and the rules and regulations of the SEC promulgated thereunder) for soliciting the Exchange, and the Investor has received no additional consideration for the Preferred Exchange Stock other than the Non-Voting Common.
No Remuneration. The Eurosystem, in its capacity as the owner and operator of the ESMIG Services, shall not be obligated to pay the Network Service Provider, and the
No Remuneration. Vendor represents and warrants to HPG and Purchasers that Vendor has not made, is not obligated to make, and will not make any payment or provide any remuneration or items of intrinsic value to any third party or to HPG, Purchasers or their directors, officers or employees in return for HPG entering into this Agreement or for any business transacted under this Agreement (excluding GPO Fees and Rebates).
No Remuneration. Vendor represents and warrants to Division and Purchasers that Vendor has not made, is not obligated to make, and will not make any payment or provide any remuneration or items of intrinsic value to any third party or to Division, Purchasers or their directors, officers or employees in return for Division entering into this Agreement or for any business transacted under this Agreement (excluding any Rebates).
No Remuneration. The ACB Members shall not be entitled to remuneration for their service as ACB Members. Costs and expenses incurred by the ACB Members in connection with their activities as members of the ACB shall be borne by the Party nominating a member.
No Remuneration. No remuneration will be paid to the members of the Shareholders' Council for carrying out their functions as members of the Shareholders' Council.