STATEMENT OF PURPOSE Sample Clauses
The Statement of Purpose clause defines the overall intent and objectives of the agreement. It typically outlines the reasons the parties are entering into the contract and summarizes the key goals or activities to be achieved. For example, it may specify that the agreement is for the supply of goods, provision of services, or collaboration on a project. This clause provides context for the rest of the contract, ensuring that all parties have a shared understanding of the agreement’s purpose and helping to resolve ambiguities about its scope or intent.
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STATEMENT OF PURPOSE. The purpose of this Interlocal Cooperation Contract [Contract] is to allow DIR Customer to purchase information resources technologies through DIR Contracts.
STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.
STATEMENT OF PURPOSE. Program is for scientific and educational purposes only and will not promote the company’s products, directly or indirectly.
STATEMENT OF PURPOSE a) The purposes of the Central Dispute Resolution Process (CDRP) shall include the expeditious processing and resolution of disputes through consultation, discussion, mediation or arbitration, and the avoidance thereby of multiplicity of proceedings.
STATEMENT OF PURPOSE. The purpose of this Interstate Cooperation Contract [Contract] is to allow DIR Customer to purchase information resources technologies through DIR Contracts.
STATEMENT OF PURPOSE. The Borrower has requested, and, subject to the terms and conditions hereof, the Administrative Agent and the Lenders have agreed, to extend a term loan facility to the Borrower on the terms and conditions of this Agreement.
STATEMENT OF PURPOSE. The Grant Activity is for scientific and/or educational purposes only and will not promote Novartis’ products, directly or indirectly. The Grant Amount is not being given in exchange for any explicit or implicit agreement to purchase, prescribe, recommend, influence or provide favorable formulary status for any of Novartis’ products. The Grant Amount is based upon a budget provided to Novartis by Grant Recipient reflecting a good faith estimate of the actual cost of the Grant Activity. The Grant Amount has not been determined in a manner that takes into account the volume or value of referrals or business, if any, generated between Novartis and Grant Recipient or any of their respective officers, directors, employees, agents, affiliates, parents or subsidiaries.
STATEMENT OF PURPOSE. The purpose of this agreement is to facilitate student academic transfer and provide a smooth transition from Southern Maine Community College (SMCC) to University of Southern Maine (USM). It is recognized that this agreement shall describe the required program of study at SMCC for admission eligibility to USM and the degree program indicated.
STATEMENT OF PURPOSE. The Guild and the District agree that the period during which prospective members of the permanent faculty of the San Diego Community College District are reviewed for tenure is understood best as a continuation of the search and selection process. In fact, the parties regard the tenure recommendation made to the Chancellor and the Board of Trustees as even more important than the initial decision to hire. The parties affirm that tenure review by faculty and administrators must be a careful and thorough process, since it is one which will result in a decision crucial to the faculty member's professional future and to the future quality of our colleges' academic programs. Consequently, tenure decisions generally will be made at the end of the fourth (4th) probationary year, except in cases of rare and compelling circumstances. A faculty member must have served in paid status (includes half-salary sick leave) seventy-five percent (75%) or more of the number of days in the assigned academic year in order to have that year count as a year served.
STATEMENT OF PURPOSE. The Mortgagor executed and delivered to the Mortgagee a Leasehold Mortgage dated as of July 21, 1995 and recorded in Deed Book 8181, Page 0138, in the Onondaga County, New York registry (as amended, restated or otherwise modified, the "Leasehold Mortgage"). The Mortgagor and certain affiliates thereof, as borrowers, the lenders party thereto (the "Original Lenders"), and First Union as administrative agent, entered into a Credit Agreement dated as of July 21, 1995 (as amended, the "Original Credit Agreement") for the principal sum of up to Thirty-Five Million Dollars ($35,000,000), as evidenced by certain promissory notes dated such date executed by the Mortgagor and such affiliates in favor of the Original Lenders, and such other documents as may have been executed or given by Mortgagor and such affiliates in connection with the transactions contemplated by such Original Credit Agreement. The Mortgagor and certain Affiliates thereof, as Borrowers, the Lenders, and First Union, as Administrative Agent, have modified such Credit Agreement by executing an Amended and Restated Credit Agreement of even date (as further amended, restated or otherwise modified, the "Amended and Restated Credit Agreement"), providing for Extensions of Credit of up to One Hundred Million Dollars ($100,000,000) and the other modifications set forth therein. The Mortgagor, such Affiliates thereof, the Mortgagee and the Lenders desire by this instrument to modify the Leasehold Mortgage to reflect that the Original Credit Agreement has been amended and restated in its entirety by such Amended and Restated Credit Agreement. In furtherance thereof, the Mortgagor and the Mortgagee have agreed to the following amendment of the Leasehold Mortgage: