Recital Clause Clause Samples

A Recital Clause serves to provide background information and context for the agreement, outlining the intentions and motivations of the parties involved. Typically found at the beginning of a contract, it summarizes the circumstances leading to the agreement and may reference prior dealings or the purpose of the contract. By clarifying the context and objectives, the Recital Clause helps ensure that all parties share a common understanding of the agreement’s foundation, which can aid in interpreting the contract’s provisions if disputes arise.
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Recital Clause. 15.1 Both parties possess the total capability of executing this Contract, exercising their rights and fulfilling their obligations under this Contract. 15.2 All provisions under this Contract are in compliance with relevant laws and regulations, as well as opinions from departments and persons concerned. 15.3 Party A has a clear knowledge of the business scope and authorization scope of Party B. 15.4 Party A has read all provisions of this Contract. Party B has made explanations for corresponding provisions as per the requirement of Party A. Party A has already had a complete and accurate understanding to the meaning of all provisions under this Contract as well as corresponding legal consequences.
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Recital Clause. I. Party A clearly knows Party B’s business scope and authority. II. Party A has read all clauses of this Contract. At the request of Party A, Party B has made corresponding explanations on this Contract. Party A has fully known and understood the meanings and corresponding legal consequences of the clauses of this Contract. III. Party A’s signing and performance of its obligations under this Contract comply with the stipulations of applicable laws, administrative regulations and rules, and Party A’s Articles of Association or internal organization documents, and have been approved by internal competent authorities of the company and/or national competent authorities. IV. Party A’s production and operation are legal and compliant; V. Party A has the sustainable operation ability and legal sources of repayment; VI. Party A promises that all loan funds under this Contract are based on the real needs of the specific use of the loan without going beyond its actual needs. VII. Party A and its controlling shareholder have good credit status and no major bad records. VIII. Party B is entitled to entrust other sub-branches of China Construction Bank to issue the loan under this Contract and to exercise and fulfill its rights and obligations under this Contract, and Party A has no objection to this. IX. Party A states that it and its important related parties do not have any behavior or situation that violates the laws, regulations and rules on environmental and social risk management when this Contract is concluded, and promises to strengthen environmental and social risk management of itself and its important related parties after the conclusion of this Contract, to strictly abide by relevant laws, regulations and rules on environmental and social risk management, and to completely eradicate the harm and related risks to the environment and society (including but not limited to environmental and social problems related to energy consumption, pollution, land, health, safety, resettlement of affected residents, ecological protection, energy conservation and emission reduction, climate change, etc.) in construction, production and operation activities. Party A agrees that Party B has the right to conduct supervision on Party A’s environmental and social risk management and request Party A to submit an environmental and social risk report. If the above statement made by Party A is false or the above promise is not fulfilled, or Party A may result in environmental and...
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Recital Clause. 16.1 The pledgor has a clear knowledge of the business scope and authorization scope of the pledgee. 16.2 The pledgor has read all provisions of this Agreement. The pledgee has made explanations for corresponding provisions as per the requirement of the pledgor. The pledgor has already had a complete and accurate understanding to the meaning of all provisions under this Agreement as well as corresponding legal consequences. 16.3 The pledgor is entitled to execute this Agreement
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Recital Clause. 1. Party A has a clear knowledge of the business scope and authority scope of Party B. 2. Party A has read all provisions of this Contract. Party B has made explanations for corresponding provisions as per the requirement of Party A. Party A has already had a complete and accurate understanding to the meaning of all provisions under this Contract as well as corresponding legal consequences. 3. Party A is entitled to sign this Contract. Party A (seal): ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Pharmaceutical (group) Co., Ltd. Legal Representative: ▇▇▇▇▇▇ ▇▇▇ Party B (seal): China Construction Bank, Kunming ▇▇▇▇▇▇ ▇▇▇▇▇▇ Person-in-charge: ▇▇▇▇▇▇ ▇▇▇▇ Date: March 30 , 2007
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Recital Clause. 15.1. The borrower has a clear knowledge of the business scope and authority scope of the lender. 15.2. The borrower has read all provisions of this Contract. The lender has made explanations for corresponding provisions as per the requirement of the borrower. The borrower has already had a complete and accurate understanding to the meaning of all provisions under this Contract as well as corresponding legal consequences. 15.3. The borrower is entitled to sign this Contract.
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Related to Recital Clause

  • Additional Clauses 31.13.1 The Parties expressly agree that if any limitation or provision contained or expressly referred to in this Clause 31 (Indemnities and Liability) is held to be invalid under any Law, it will be deemed omitted to that extent, and if any party becomes liable for loss or damage to which that limitation or provision applied, that liability will be subject to the remaining limitations and provisions set out in this Clause 31 (Indemnities and Liability). 31.13.2 Nothing in this Clause 31 (Indemnities and Liability) will act to reduce or affect a Party's general duty to mitigate its loss and for the avoidance of doubt including any circumstances under which a party has the benefit of an indemnity under this Agreement.

  • SPECIAL CLAUSES [No special clauses apply to this grant agreement.] [The following special clauses apply to this grant agreement:]

  • General Clauses 29.1 This Deed of Sale constitutes the entire agreement between the Parties as to the subject matter hereof and no agreement, representation or warranty between the Parties other than those set out herein are binding on the Parties. 29.2 No extension of time, waiver, indulgence or suspension of any of the provisions of this agreement, which any Party hereto may have given, shall be binding unless recorded in a written document signed by all Parties. 29.3 No variation or alteration or cancellation of this Deed of Sale or any of the terms hereof, shall be of any force or effect, unless in writing and signed by the Parties hereto. 29.4 The Parties signing this document confirm that they have read and understood all of the terms and conditions contained herein and agree that they are bound hereto. 29.5 The Seller and the Purchaser warrants that they are duly authorised to sign acceptance of the Deed of Sale. 29.6 The agreements and undertaking of parties contained in this agreement shall each be construed as an agreement and undertaking independent of any other provision of this agreement. The parties hereby expressly agree that it is not the intention of any party to violate any public policy, statutory or common law, and that if any sentence, paragraph, clause or combination of the same is in violation of the law of the Republic of South Africa, such sentence, paragraph, clause or combination of the same alone shall be void in the jurisdiction where it is unlawful, and the remainder of such clause and this agreement shall remain binding upon the parties hereto. The parties further acknowledge that it is their intention that the provisions of this agreement be binding only to the extent that they may be lawful under existing applicable law of the Republic of South Africa, and in the event that any provision hereof is determined to be overly broad or unenforceable, the parties hereto agree to the modification of such provisions by their attorneys to the minimum extent required to make them valid and enforceable.

  • Survival Clause It is the intent of the Parties that this Agreement and procurement method applies to any TIPS Sale made during the life of this Agreement even if made on or near the Contract Expiration Date as defined herein. Thus, all TIPS Sales, including but not limited to: leases, service agreements, license agreements, open purchase orders, warranties, and contracts, even if they extend months or years past the TIPS Contract Expiration Date, shall survive the expiration or termination of this Agreement subject to the terms and conditions of the Supplemental Agreement between Customer and Vendor or unless otherwise specified herein.

  • Final Clauses This Agreement will enter into force upon signature by both Parties and shall remain in force until completion of all obligations of the Parties under this Agreement.