Obligations under Law Sample Clauses
The "Obligations under Law" clause establishes that all parties to the agreement must comply with applicable laws and regulations relevant to the contract. In practice, this means each party is responsible for ensuring their actions, products, or services adhere to legal requirements, such as obtaining necessary permits or following industry standards. This clause serves to clarify that legal compliance is a fundamental expectation, helping to allocate risk and prevent disputes arising from unlawful conduct.
Obligations under Law. Regardless of any general or specific power or authority granted to it, the Trustee may not engage in any transaction, exercise any power or perform any duty under this Trust in violation of the Code, the Employee Retirement Income Security Act, as amended, or any regulations or rulings issued under those laws.
Obligations under Law. Notwithstanding anything herein to the contrary, nothing herein is intended to relieve any Member or Participant of any obligation it has under State or Federal law to monitor, review, evaluate or provide oversight with respect to participation in CCA.
Obligations under Law. Notwithstanding anything herein or in the Investment Advisory Agreement to the contrary, nothing herein or therein is intended to relieve any Member or Participant of any obligation it has under State or Federal law to monitor, review, evaluate or provide oversight with respect to the Shares Program, the Investment Advisor, or its participation in CalTRUST.