Terms Not Specifically Defined Sample Clauses
The "Terms Not Specifically Defined" clause establishes how words or phrases that are not explicitly defined within the contract should be interpreted. Typically, this clause states that such terms will be given their ordinary, commonly accepted meanings, or may refer to definitions provided by relevant laws or industry standards. By clarifying the approach to undefined terms, this clause helps prevent ambiguity and disputes over interpretation, ensuring that all parties have a shared understanding of the contract language.
Terms Not Specifically Defined. 27 The plain meaning of terms not defined in this Agreement and otherwise used in this Agreement shall 28 apply, unless such unlisted terms have meanings as commonly used in Prudent Wind Industry Practices, 29 in which case the Prudent Wind Industry Practices meaning shall apply to the extent such meanings would 30 be reasonably understood by a person similarly situated as the Receiver.
Terms Not Specifically Defined herein shall have the meanings accorded them under accounting principles or the Texas Uniform Commercial Code, as appropriate.
Terms Not Specifically Defined. The plain meaning of terms not defined in this Agreement and otherwise used in this Agreement shall apply.