The Rights and Obligations of Both Parties Sample Clauses

The Rights and Obligations of Both Parties. Both parties are obliged to proactively safeguard the reputation and interests of the other party. Neither party’s actions shall violate national laws, regulations, or the regulations of the competent industry authority, nor damage the interests of customers, otherwise they shall bear all the responsibilities arising therefrom.
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The Rights and Obligations of Both Parties. 10.1 the rights and obligations of Party A: 10.1.1 To draw and use the loan according to the terms and usage stipulated by this contract; 10.1.2 Cannot return the loan in advance without the written agreement of Party B; 10.1.3 To accept actively the investigation, learning and supervision of Party B to the use situation under this contract items; 10.1.4 To cooperate actively with the investigation, learning and supervision of Party B to the situation of the production, operation, the project construction and the financial affairs, and has the obligation to provide Party B the report forms of the relevant periods, such as the profit and loss statements, the asset and liability statements; 10.1.5 To support actively Party B to participate in the relevant affairs, such as the examination of the three calculations (budgetary estimate, budget and the final accounts), the project biding and the check and acceptance of the project etc. 10.1.6 To pay off the capital and interest of the loan under this contract items according to the agreement of this contract; 10.1.7 To undertake the expenditure of the relevant cost under this contract items, including but not limiting to the cost used for the notarization, the appraisal, evaluation, registration etc. 10.1.8 To the urging letter or files sent or delivered by other way by Party B, send off the acknowledgement of receipt within three day after signing for it; 10.1.9 If doing the actions, such as contract and leasing, restructuring the joint stock system, pooling, incorporating, annexing, splitting, reducing the capital, changing the stock rights, transferring the important assets and other actions enough to affect the rights and benefits of Party B, Party A shall notice Party B 30 days in advance, and get the written agreement of Party B, otherwise, cannot do the above acts before paying off all the debits. 10.1.10 If changing the industrial and commercial affairs of the registration, such as the domicile, communication address, business scope, the legal representatives, should notice Party B in written form seven days after the changing; 10.1.11 If there emerges any event composing risk to its normal operation or causing grand negative effect to implementing the returning duty of the loan, including but not limit to involvement of economic disputes, bankrupts, the deterioration of the financial affairs etc, shall inform Party B at once; 10.1.12 If there emerge closures of the business, dissolutions, stopping doing...
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The Rights and Obligations of Both Parties. 1. The first party is obliged to open a current account for the second party, and to take the necessary due diligence to carry out the second party orders on the account in accordance of banking regulations, rules and practices. The first party shall not be liable for any damage arising from the execution of these orders unless such damage is the result of gross negligence or intentional misconduct or failure to commit to the necessary due diligence for the purposes of applying the Agreement i.e. Interest, skill, prudence and diligence according to the circumstances that are expected to be performed within the reasonable procedures similar to other Banks 2. The first party is entitled to take advantage of the amounts deposited in the current account in its interest, with its full obligation to enable the second party to make such payments as soon as requested, and the second party does not claim any profits for it, but the parties have a separate Agreement to arrange the relationship in which the second party can obtain profits for those amounts 3. The second party is prohibited from using the account for any illegal purpose or activity, and must inform the first party in the event of any objection or suspicion of transactions being carried out on his account, and after (thirty) days from the date of the execution of any transaction without the objection of the second party shall be considered as his consent and confirmation of its accurate 4. The first party shall obtain a specific fee from the second party against the services provided to him, and it may collect it directly without reference to the second party, provided that these fees must not be inconsistent with what is issued by Saud Central Bank, and to be published in the branches of the first party and its website (30) days prior to the effective date 5. The second party shall bear any expenses or taxes imposed by the competent authority in Saud Arabia for any services or products provided by the first party to the second party, whether currently imposed or may be imposed in the future 6. The first party shall notify the second party via text messages (SMS) on his the mobile phone number recorded in the Agreement or by any other means agreed upon by both, a) With all transactions executed on the current account as soon as they occur. b) The first party shall also notify the second party with a sufficient period before the account status changes. 7. The second party is obliged to update his person...
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The Rights and Obligations of Both Parties. 3. 1. The first party is obligated to open a current account for the second party and to exert the necessary care to implement his/her orders on the account within the limits of banking regulations, rules and norms. The first party is not responsible for any damage arising from the implementation of these orders unless this damage is a result of his/her gross negligence or his/her commitment to behavior Willfully misconduct or failure to act with due diligence intended for the purposes of implementing the Agreement; Attention, skill, prudence and diligence in accordance with the conditions that are expected to perform within the reasonable limits of any similar establishment. 3. 2. The first party has the right to benefit from the amounts deposited in the current account for his/her benefit, with his/her full commitment to enable the second party from these amounts immediately upon his/her request. The second party may not claim any profits from that, provided that the two parties have an independent agreement to arrange the relationship in which the second party can obtain Profits from those amounts. 3. 3. The second party is prohibited from using the account for any unlawful purpose or activity, and he/she must inform the first party in the event of any objection or suspicion of operations taking place on his/her account, and the lapse of )thirty( days from the date of carrying out any operation without the objection of the second party. His/her approval and confirmation of its safety. 3. 4. The first party may collect a specific fee from the second party in exchange for the services it provides to it, and it may collect it directly without referring to the second party, provided that these fees are not inconsistent with what is issued by the Central Bank of Saudi Arabia, and that they be published in the branches of the first party and its website Mail )30( days before the fees apply. 3. 5. The second party shall bear any expenses or taxes imposed by the state regarding any services or products that the first party provides to the ةــيانعلا لذــبو نياــثلا فرــطلل يراــج باــسح حــتفب لوŇا فرــطلا مزــتلي دــعاوقلاو ةــمظنŇا دودــح في باــسحلا ىــع هرــماوأ ذــيفنتل ةــمزالا رضر يأ نــع ةيلوؤــسلما لوŇا فرــطلا لــمحتي لاو ،ةــيفرلما فارــعŇاو نــع جــتان ررــلا اذــه ناك لاــح في لاإ رــماوŇا هذــه ذــيفنت نــع ئــشان مازــتللاا نــع هــفلخت وأ ادــمع ءسي كولــسل هــباكترا وأ ميــسجلا هــلاهإ ؛ةــيقافتلاا قــيبطت ضارــغŇ اــهب دــصقي يــتلاو ةــمزالا ة...
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The Rights and Obligations of Both Parties. 1. The Rights and Obligations of Party A: (1) Withdraw and use the loan according to the term and purpose agreed herein. (2) all relevant materials provided to Party B are true, complete and effective. (3) All kinds of materials provided by Party A to Party B shall be original. If the original cannot be provided, a copy affixed with the official seal of Party A and the name seal of the legal representative may be provided with the consent of Party B. (4) Actively accept Party B’s investigation and supervision on its production, operation, finance and the loan hereunder; Accept and actively cooperate with Party B to inspect and supervise the use of loan funds including but not limited to the purpose of loan by means of account analysis, voucher inspection, on-site investigation, regularly summarize and report the use of loan funds as required by Party B; and actively provide relevant statements and materials to Party B. (5) Pay off the loan principal and interest under this contract as agreed. (6) Voluntarily bear the expenses for obtaining the loan and the relevant expenses (including incurred in breach of this contract but not limited to litigation, arbitration, execution, preservation, lawyer, appraisal, appraisal, evaluation, transfer of ownership, auction, etc.); Party A shall voluntarily bear the settlement fees of the payment of the loan funds (including but not limited to the entrusted payment by the lender and the independent payment by the borrower), and pay the corresponding fees in full and on time according to the fee items, rates and time stipulated by Party B. (7) The collection letter or collection document sent or otherwise served by Party B shall be signed and received in time, and the receipt shall be delivered to Party B within 5 days from the date of receipt. (8) such as contracting, leasing, shareholding reform, joint venture, merger, (or merger), joint venture (or cooperation), division, capital, equity changes, major assets transfer and other enough to affect the realization of Party B rights, should notify Party B at least 5 days in advance, and the written consent of Party B, otherwise shall pay all debts in advance, and liable according to this contract. (9) The change of domicile, mailing address, business scope, legal representative, etc., shall notify Party B in writing within 5 days upon the completion of the change of the relevant matters. (10) In case of any event that has a material adverse impact on the performance of the ...
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The Rights and Obligations of Both Parties. 1. Both parties should abide by the principles of standardized operation and management decision-making. 2. Party B shall establish and improve the corporate governance structure and market operation system according to the relevant national laws and regulations such as the "Company Law" and "Direct Selling Management Regulations", define responsibilities, and must not contradict the existing laws, regulations and Party A's regulations. 3. Party A provides qualified products for Party B and provides a favorable environment conducive to market operations.
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The Rights and Obligations of Both Parties. Without prejudice to the obligations that both Parties assume in terms of this document, they will be liable of: The User, and in its case, the Minor:
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Related to The Rights and Obligations of Both Parties

  • Rights and Obligations of Both Parties 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed. 7.2 Party B shall have the following rights and obligations: § to require Party A to provide all materials related to the Loan; § to deduct the principal, interest, compound interest, penalty interest and other due expenses relating to the Loan under this Contract directly from Party B’s account in accordance with the provisions of this Contract or relevant law; § in case of Party A’s evasion of Party B’s monitoring, default in payment for due principal or interest and other severe breach of the Contract, Party B is entitled to impose credit penalty against Party A, notify relevant departments or entities of such breach and put up payment demand notice on public media; § to provide loan to Party A in time according to the provisions of the Contract (except for the delays due to Party A’s reason); § to keep confidential of the information and materials provided by Party A..

  • Rights and Obligations of Party B 8.1 Party B is entitled to use the Leased Units in accordance with the Contract. Party B may set a notable mark on the exit of elevators of the floor of leasing pursuant to the xxxevant management regulations of the Corporate Squares. The detailed conditions shall be discussed by both Parties. 8.2 Party B shall carry out the business activities in the Leased Units in compliance with laws, regulations and rules of the People's Republic of China and is prohibited to harm Party A's reputation through its activities. 8.3 Party B shall duly make the payments with respect to the rent, property management fee, electricity usage fee and any other charges it shall be responsible for. 8.4 Starting from the Commencement Date, Party B shall purchase insurance for the properties in the Leased Units, including property insurance and third party liability insurance. Otherwise, Party B and not Party A shall be solely responsible for all liabilities and losses. 8.5 Party B shall not alter the purpose of use of the Leased Units without consent in writing from Party A. 8.6 Party B shall not re-lend, sublease, and exchange the Leased Units, in whole or part, to third parties or allow third parties to use the Leased Units by other means, without consent in writing from Party A. 8.7 Party B shall not alter the locking and security system on the gate of the Leased Units without consent in writing from Party A or approval from related departments. 8.8 Party B shall not alter or move the equipment for usage of water and electricity and shall not enlarge the capacities of central air conditioning, without consent in writing from Party A. 8.9 Party B shall take necessary actions to prevent the Leased Units from fires accident or man-made damage. Party B shall immediately notify to Party A with respect to any damage of the Leased Units. Party B shall restore the damaged parts of the Leased Units to their former condition within one month upon receipt of Party A's notice, provided that the damages resulted from negligence by Party B and its employees. If Party B fails to do so timely, Party A has the right to repair the damaged parts. All the expenses thus incurred shall be borne by Party B. 8.10 Party B is entitled to require Party A repairing the Leased Units, and the public facilities and equipment, and repair such based on the original standards by itself if Party A fails to perform the obligation of repairing timely and affects the normal use of such. All the expenses thus incurred shall be borne by Party A. The equipment newly added or improved by Party B shall be repaired by Party B.

  • Rights and Obligations of Party A 0. Xxxxx A has the right to require Party B to keep in confidence relevant financial information and trade secrets relating to production and operation of Party A unless otherwise provided by laws and regulations. 2. Party A shall provide relevant financial information and information relating to production and operation as required by Party B and shall be responsible for the authenticity, integrity and validity of such information. 3. Party A undertakes that all settlements and deposits relating to the Loan shall be conducted through its accounts opened with Party B or Party B’s relevant branch. 4. Party A shall assist in and accept Party B’s inspection and supervision of its production, operation, financial activities and utilization of the Loan. 5. Party A shall utilize the Loan for the purpose as provided for hereunder. 6. Party A shall punctually repay the principal and interest in accordance with this Contract. 7. Party A or its investors shall not transfer any funds or assets in order to evade the indebtedness owed to Party B. 8. Party A shall give Party B a prior written notice for Party B’s consent if Party A intends to provide security for any third party during the term of this Contract and such security may affect Party A’s ability to make repayment under this Contract. 9. Party A shall promptly arrange for new security(ies) satisfactory to Party B where the Guarantor in respect of this Contract ceases or suspends production; its corporate registration is canceled, or business license revoked; it is bankrupt or dissolved; it is operating at a loss; or any other negative change has occurred, and such aforementioned incidents result in loss or partial loss of the Guarantor’s ability to secure the Loan, or where the mortgaged or pledged property(ies) for securing the Loan depreciate(s) or is (are) damaged or destroyed. 10. Party A shall promptly inform Party B of any relevant changes during the term of this Contract, including without limitation its business name, legal representative (or chief officer), registered office, business purpose or registered capital. 11. Where Party A intends to carry out activity(ies) during the term of this Contract which may have an impact on the realization of Party B’s rights hereunder, Party A shall give Party B a [30] banking days prior written notice for its consent to such intended activity(ies) and shall further take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security in accordance with Party B’s instructions. The aforementioned activities shall include without limitation contracting, leasing, transformation to a stock company, forming an economic association with another enterprise, consolidation, merger, division, setting up a joint venture, application for suspension of production or for winding up or for bankruptcy. 12. Party A shall promptly inform Party B in writing, take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security(ies) in accordance with Party B’s instructions if there has occurred to Party A incident(s) during the term of this Contract that may have substantially negative effects on Party B’s performance of its obligations hereunder. The aforementioned incidents shall include without limitation the following: Party A ceases or suspends production; its corporate registration is canceled, or business license revoked; its legal representative or high-ranking officers are involved in illegal activities; it is involved in litigation with a major impact; great difficulties arise in respect to its production or operation; or its financial standing deteriorates. 13. Party A shall bear all fees and expenses in connection with this Contract and the security(ies) for this Contract including without limitation fees and expenses in respect to legal services, insurance, evaluation, registration, storage, authentication and notarization.

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

  • Rights and Obligations of Limited Partners Section 8.1 Limitation of Liability 27 Section 8.2 Management of Business 27 Section 8.3 Outside Activities 27 Section 8.4 Return of Capital 27 Section 8.5 Rights of Limited Partners Relating to the Partnership 27

  • Rights and Obligations of Members Section 6.1

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

  • Additional Rights and Obligations The author(s) (and their employers as applicable), hereby authorise the Publishers to take such steps as they consider necessary at their own expense in the copyright owner’s name and on their behalf, if they believe that a third party is infringing or is likely to infringe copyright or the rights granted to the Publishers herein in the Contribution without further recourse to the copyright owner(s). The Corresponding Author acknowledges that all versions of the Contribution, and any associated reviews and responses to those reviews, may be published if the Contribution is accepted for publication. The Publishers expressly agree to place the final published post-production Contribution for display on PMC (including their international mirror sites) promptly after publication without extra charge for this deposit to the authors or their employers (provided PMC does not charge the Publishers), which will include any Publisher supplied amendments or retractions. The author(s) acknowledge and accept that BMJ may make additional changes to the Contribution as considered necessary in accordance with standard editorial processes whether before or after publication. The Corresponding Author will usually see proofs for their Contribution and every effort will be made to consult with the Corresponding Author if substantial alterations are made. BMJ may also retract or publish a correction or other notice when it considers this appropriate for legal or editorial reasons and this shall be at its absolute discretion which shall be exercised reasonably.

  • Parties' Rights and Obligations If during the Term there is any Condemnation of all or any part of the Leased Property or any interest in this Lease, the rights and obligations of Lessor and Lessee shall be determined by this Article 15.

  • Rights and Obligations of Each Fund The rights and obligations set forth in this Agreement with respect to each repurchase transaction shall accrue only to the Participating Funds in accordance with their respective interests therein. No other Fund shall receive any rights or have any liabilities arising from any action or inaction of any Participating Fund under this Agreement with respect to such repurchase transaction.

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