Revoked Sample Clauses
The 'Revoked' clause defines the conditions under which a previously granted right, license, or authorization is withdrawn or cancelled. In practice, this clause typically specifies the actions or events—such as breach of contract, non-compliance, or expiration—that trigger the revocation, and may outline the process for notification and the consequences of revocation, such as cessation of use or return of materials. Its core function is to provide a clear mechanism for terminating rights or permissions when certain criteria are met, thereby protecting the interests of the granting party and ensuring contractual compliance.
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Revoked. Transmission Losses: Transmission losses are associated with all Transmission Service. The Transmission Provider is not obligated to provide transmission losses. The Transmission Customer is responsible for replacing losses associated with Transmission Service as calculated by the Transmission Provider. The factor applicable to transmission losses is 3.63% of the maximum hourly transfer, as measured at the Point(s) of Delivery.
Revoked. The Lessor is constructing and/or undertakes to construct on the Land the Object of the Lease and the Attached Areas and to complete the construction thereof before the date of Delivery of Possession therein to the Lessee, at its own expense, in accordance with the plans, the specification, the sketch, the building permit, and pursuant to the provisions of any law.
Revoked. A. T. shall be added to the rent specified above in this section, against a due tax invoice, at the rate prevailing at the time each payment is effected (hereinafter: "the Rent in respect of the Additional Area").
Revoked. The rent specified in Sub-sections 4.1 – 4.3 above (hereinafter collectively: "the Rent") shall be paid in quarterly installments, in advance, on the 1st day of every January, April, July and October.
Revoked. As security for the fulfillment of the undertakings thereof, the Lessee hereby delivers to the Lessor an autonomous financial bank guarantee in the amount of NIS 1,154,130 (one million, one hundred fifty four thousand, one hundred and thirty New Israeli Shekels) (linked to the index), in the form of the document attached to this agreement as an integral part hereof and marked "Appendix F". The sum of the bank guarantee as of the date of signing of the agreement is equal to $240,360 in addition to V.A.T. (which are, at present, equal to six months' Monthly Rent). The Basic Index for the bank guarantee shall be 105.8 points (April 2000 index). The bank guarantee shall be in favor of the Lessor, and shall be valid for one year and three months from the date of signing of this agreement; the Lessee undertakes to extend the validity thereof so long as the Term of the Lease shall be in effect, for another year, in such a manner that there will always be such bank guarantee in favor of the Lessor, and that such bank guarantee shall be in effect for three months after expiration of the Term of the Lease. Extension of the bank guarantee must be carried out no later than two weeks prior to the expiration thereof. In the event that the Lessee shall fail to extend the validity thereof, the Lessor shall be entitled to exercise the same.
Revoked. Any waiver, extension or relief from either party will not be valid unless made out explicitly in writing.