Purpose and Scope of the Addendum Sample Clauses

Purpose and Scope of the Addendum. In addition to the provisions of the Framework Agreement as well as the supplementary provisions contained in the applicable addenda for the respective central counterparties, the Parties undertake to provide the collateral they are required to post in accordance with Sections 2 and 3 of the Framework Agreement pursuant to the following provisions. The collateral provided on the basis of this Addendum serves to secure all existing, future, contingent and time-limited claims of the collateral receiver against the collateral provider arising from or in connection with the Agreement. Section 1 paragraph (5) and Section 6 of the Framework Agreement shall remain unaffected. ▪ Provision defining purpose and scope of CRV-CA: − Sentence 1 addresses the underlying purpose and clarifies relation to CRV. The reference to Sections 2 and 3 of the CRV reflects and confirms that the basic requirement regrading collateralisation is already addressed in the CRV itself (in contrast to DRV approach where collateralisation is addressed exclusively in the collateral addenda). − Sentence 2 determines the collateralisation objective (“Sicherungszweck”) for all collateral provided under/in accordance with the CRV-CA. The collateralisation objective captures all collateral provided by the parties and determine that this collateral serves to secure future, contingent and time- limited claims under or in connection with the Agreement (meaning the CRV and all transactions covered by the CRV or connected thereto).
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Purpose and Scope of the Addendum. (1) Ergänzend zu den Bestimmungen des Rahmenvertrags vereinbaren die Parteien zur Erfüllung bestimmter, sich aus EMIR ergebender Anforderungen einander nach Maßgabe der folgenden Bestimmungen VM-Sicherheiten zu leisten. Die zu diesem Zweck geleisteten Sicherheiten dienen zur Besicherung aller bestehenden, künftigen, bedingten und befristeten Ansprüche des VM- Sicherungsnehmers gegen den VM-Sicherungsgeber im Zusammenhang mit dem Vertrag (Nr. 1 Abs. 2 des Rahmenvertrags). Nr. 9 des Rahmenvertrags bleibt unberührt. (1) In addition to the definitions and provisions of the Master Agreement, the parties agree to provide each other with VM- Collateral in accordance with the following provisions in order to comply with certain requirements under EMIR. The collateral provided for this purpose shall serve to collateralize all existing, future, contingent and time-limited claims of the VM-Collateral Receiver against the VM-Collateral Provider in relation to the Agreement (Clause 1 sub-Clause 2 of the Master Agreement).Clause 9 of the Master Agreement shall remain unaffected.
Sample 1
Purpose and Scope of the Addendum. (1) The following provisions shall apply in addition to the provisions of the Master Agreement in respect of Securities Derivatives.
Sample 1
Purpose and Scope of the Addendum. (1) Ergänzend zu den Bestimmungen des Rahmenvertrages gelten für Rohwarengeschäfte die nachfolgenden Bestimmungen. (1) In addition to the definitions and provisions of the Master Agree- ment the following definitions and provisions shall apply to Commod- ity Transactions.
Sample 1

Related to Purpose and Scope of the Addendum

  • Purpose and Scope of the Agreement The scope of this Agreement is to set out the rules, terms and principles according to which each Partner shall commit himself on the following points:

  • PURPOSE AND SCOPE OF AGREEMENT 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the Union and the employees and to set forth herein certain terms and conditions of employment upon which agreement has been reached through collective bargaining.

  • Purpose and Scope (a) The purpose of these standard contractual clauses is to ensure compliance with the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation)1 for the transfer of personal data to a third country.

  • PURPOSE AND SCOPE OF THIS AGREEMENT The intent of this Agreement is to establish uniform conditions of employment for Gas Inspector workers, as hereinafter provided. Due to the nature of this specialized workforce, the parties recognize and agree to cost shifting of the normal benefit structure of the industry. At such time, the parties establish a training program, and new workforce, they will address, and place into effect the normal wage and benefit structure outlined in the Outside Line Construction Labor Agreement. Local Union 1245 is presently chartered by the International Brotherhood of Electrical Workers, AFL-CIO, to cover certain electrical work in the States of California (except Siskiyou, Modoc, and Del Norte Counties) and Nevada (except Lincoln, Clark and that part of Xxx County lying south of the Mount Diablo base line); therefore, the territorial scope of this Agreement shall uniformly cover the above area.

  • Object and Scope of the Agreement The competent authorities of the Contracting Parties shall provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws of the Contracting Parties concerning taxes covered by this Agreement. Such information shall include information that is foreseeably relevant to the determination, assessment and collection of such taxes, the recovery and enforcement of tax claims, or the investigation or prosecution of tax matters. Information shall be exchanged in accordance with the provisions of this Agreement and shall be treated as confidential in the manner provided in Article 8. The rights and safeguards secured to persons by the laws or administrative practice of the requested Party remain applicable to the extent that they do not unduly prevent or delay effective exchange of information.

  • Scope of the Agreement This Agreement shall apply to all investments made by investors of either Contracting Party in the territory of the other Contracting Party, accepted as such in accordance with its laws and regulations, whether made before or after the coming into force of this Agreement.

  • Construction and Scope of Agreement The language of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any party. This Agreement is the only, sole, entire, and complete agreement of the parties relating in any way to the subject matter hereof. No statements, promises, or representations have been made by any party to any other, or relied upon, and no consideration has been offered or promised, other than as may be expressly provided herein. This Assumption of Risk, Release of Claims, Indemnification, and Hold Harmless and Agreement supersedes any earlier written or oral understandings or agreements between the parties. Participant acknowledges that he/she has read this Assumption of Risk, Release of Claims, Indemnification and Hold Harmless Agreement, understands its meaning and effect, and agrees to be bound by it. Date:

  • Purpose and Definitions 1. The purpose of this Chapter is to promote the objectives of this Agreement by simplifying customs procedures in relation to bilateral trade between the Parties.

  • GRANT AND SCOPE OF LICENCE 2.1 In consideration of you agreeing to abide by the terms of this XXXX, we xxxxx you a non- transferable, non-exclusive licence to use the App on the Devices, subject to these terms, the Privacy Policy and the Appstore Rules, incorporated into this XXXX by reference. We reserve all other rights.

  • TERM AND SCOPE OF THE CIA A. This CIA shall have a term of five years from the Effective Date. The Effective Date shall be the date on which the final signatory signs this CIA. Each one- year period, beginning with the one-year period following the Effective Date, shall be referred to as a “Reporting Period.”

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