Once the Parties Sample Clauses

Once the Parties accept the existence of a Commercial Field, and subject to the provisions of Clauses 5 (numerals 5.2) and 13 (numerals 13.1 and 13.2), the rights or lnterest in Contract Area Operation shall be owned thus: ECOPETROL fifty percent (50%) and THE ASSOCIATE fifty percent (50%). Thereafter, all expenses, payments, investments, costs and liabilities made and contracted for operations hereunder and Direct Exploration Costs made by the ASSOCIATE prior to acceptance of each Commercial Field and extensions thereto, in keeping with Clause 9 (numeral 9.10), shall be charged to the Joint Account. Except as set out in Clauses 14 (numeral 14.3) and 21, all assets acquired or used thereafter for operating the Commercial Field shall be owned and paid for by the Parties as set out in this clause.
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Once the Parties have executed Implementation Procedures with respect to a technical area, the Parties agree to be bound by those Implementation Procedures as soon as those Implementation Procedures enter into force in accordance with Article 6.
Sample 1
Once the Parties mutually agree that the Indirect Traffic arrangement between Sprint and ILEC’s end office is no longer the economically preferred method of interconnection, Sprint will establish a direct interconnection with ILEC as set forth in this Agreement.
Sample 1

Related to Once the Parties

  • AGREEMENT OF THE PARTIES The language used in this Agreement will be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction will be applied against any party hereto. Neither Executive nor the Company shall be entitled to any presumption in connection with any determination made hereunder in connection with any arbitration, judicial or administrative proceeding relating to or arising under this Agreement.

  • Intent of the Parties Except as provided in the next sentence, the sole procedure to resolve any claim arising out of or relating to this Agreement or any related agreement is the dispute resolution procedure set forth in this Article Eighteen. Either Party may seek a preliminary injunction or other provisional judicial remedy if such action is necessary to prevent irreparable harm or preserve the status quo, in which case both Parties nonetheless will continue to pursue resolution of the dispute by means of this procedure.

  • Cooperation of the Parties The Seller undertakes to notify the Buyer of any obstacles on his part, which may negatively influence proper and timely delivery of the Equipment.

  • Relationship Between the Parties A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.

  • Agreements of the Parties (a) If the Registration Statement relating to the Shares has not yet become effective, the Fund will promptly file the Final Amendment, if not previously filed, with the Commission, and will use its best efforts to cause such Registration Statement to become effective and, as soon as the Fund is advised, will advise the Managing Representative when the Registration Statement or any amendment thereto has become effective. If the Registration Statement has become effective and the Prospectus contained therein omits certain information at the time of effectiveness pursuant to Rule 430A under the Act, the Fund will file a 430A Prospectus pursuant to Rule 497(h) under the Act as promptly as practicable, but no later than the second business day following the earlier of the date of the determination of the offering price of the Shares or the date the Prospectus is first used after the Effective Date. If the Registration Statement has become effective and the Prospectus contained therein does not so omit such information, the Fund will file a Prospectus pursuant to Rule 497(b) or (j) under the Act as promptly as practicable, but no later than the fifth business day following the date of the later of the Effective Date or the commencement of the public offering of the Shares after the Effective Date. In either case, the Fund will provide you satisfactory evidence of the filing. The Fund will not file with the Commission any Prospectus or any other amendment (except any post-effective amendment which is filed with the Commission after the later of (x) one year from the date of this Underwriting Agreement or (y) the date on which distribution of the Shares is completed) or supplement to the Registration Statement or the Prospectus unless a copy has first been submitted to the Managing Representative a reasonable time before its filing and the Managing Representative has not objected to it in writing within a reasonable time after receiving the copy.

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