THEREFORE AGREED AS FOLLOWS Sample Clauses
The "THEREFORE AGREED AS FOLLOWS" clause serves as a formal transition in a contract, marking the point where the parties set out the specific terms and obligations they have agreed upon. It typically follows the recitals or background section and introduces the operative provisions of the agreement. By clearly separating the context from the binding commitments, this clause ensures that the contractual terms are distinctly identified, thereby enhancing clarity and reducing the risk of ambiguity regarding the parties' intentions.
THEREFORE AGREED AS FOLLOWS. The Subdivider will in a time period not to exceed 24 months, on or before the __________ day of ________________ 20___, complete as required the following improvements in the ______________________ Subdivision:
THEREFORE AGREED AS FOLLOWS. 1. The City shall determine the location and amount of land, which is available for sale or exchange to County and shall cause said tract or tracts to be surveyed. Said survey to be initially paid by the City.
2. The County agrees that if a sale or exchange of surveyed property occurs, the County shall reimburse the City for all costs incurred in the preparation of said survey or surveys for those tracts acquired by the County.
3. That the sale or exchange of any properties shall be subject to the approval of the various governing bodies.
THEREFORE AGREED AS FOLLOWS. The City hereby accepts the bid of Lansing and awards the project for asbestos remediation and demolition of the nine residential properties described above to Lansing.
THEREFORE AGREED AS FOLLOWS. The Lease Agreement shall be modified as set out herein,
THEREFORE AGREED AS FOLLOWS. 1. The City shall rent the dumpster enclosure located on the parking lot to Chief Tremont Corporation for a fee of $1.00 per year.
2. Chief Tremont Corporation shall be allowed to store its trash receptacles in the dumpster enclosure during the term of this agreement.
3. Chief Tremont Corporation shall provide any and all maintenance, cleaning or painting required to maintain the dumpster enclosure in an aesthetically pleasing condition.
4. This lease shall be for an initial term of one year and will be subject to automatic renewal for additional one-year terms unless cancelled by the parties as provided herein.
5. Either party may cancel this agreement on 30 days notice in writing, to be delivered to the other party at the address shown below.
6. This agreement shall take effect upon approval by the City Council of Marshalltown, Iowa.
THEREFORE AGREED AS FOLLOWS. 1. The Agreement shall be extended for an additional five years, until September 9, 1995.
2. The following shall be added at the end of Article 5: "Each such project agreement involving 'joint research' shall address the disposition of intellectual property rights in third countries as set forth in Article 6.2.B
3. Articles 6, 8 and 9, concerning Intellectual Property Rights shall be deleted in their entirety and replaced with the following:
THEREFORE AGREED AS FOLLOWS. ▇▇▇▇▇ ▇▇▇▇▇▇ hereby irrevocably resigns and retires effective on August 10, 2020.
THEREFORE AGREED AS FOLLOWS. 1. FMB hereby appoints the Collateral Agent and the Collateral Agent accepts the appointment to act as custodian for the purpose of receiving and holding physical custody and control over the Custodial Receivables. The authority of the Collateral Agent to act on behalf of FMB shall be limited solely to the specific authority granted hereunder. The Collateral Agent shall take instructions from FMB only and not Litchfield with respect to the Custodial Receivables, and the Collateral Agent shall not release any Custodial Receivables without the consent of FMB.
2. The Collateral Agent represents and warrants that it has custody of the Custodial Receivables. The Collateral Agent shall keep the Custodial Receivables segregated from other documents at its filing facilities. The Collateral Agent shall use the same degree of care in processing and storing the Custodial Receivables that it uses in processing and storing similar items for its own use. The Collateral Agent shall execute and deliver to FMB such receipts and acknowledgements evidencing custody of the Custodial Receivables as may be reasonably requested by FMB.
3. The Collateral Agent shall promptly deliver or cause to be delivered to FMB or such custodian designated by FMB the Custodial Receivables from time to time to such locations and in such manner as FMB shall determine. Litchfield hereby instructs the Collateral Agent to indorse in blank the promissory notes and any other documents containing endorsements to the Collateral Agent. On and after the date of this Agreement, (a) the Collateral Agent shall notify all servicers and lock box banks for the Custodial Receivables that all payments related to the Custodial Receivables should be credited to FMB c/o Litchfield as FMB's servicing agent or as otherwise designated by FMB, and (b) the Collateral Agent shall pay to FMB c/o Litchfield as servicing agent or as otherwise designated by FMB any amount related to the Custodial Receivables received by the Collateral Agent, and shall hold all such payments in trust for FMB pending payment as provided herein.
4. The Collateral Agent shall not be liable or responsible in any way for any loss or damage to the Custodial Receivables or any diminution in the value thereof, except those losses resulting directly from Collateral Agent's negligence or willful misconduct. The Collateral Agent shall not be liable or responsible in any way for any act of any other custodian, carrier, or any other person whatsoever. No ...
THEREFORE AGREED AS FOLLOWS. 1. The Parties hereby agree to amend the definition of "Directory Advertisements" as follows:
THEREFORE AGREED AS FOLLOWS. Section 7(a) of the Agreement is amended by deleting the existing paragraph setting forth the compensation formula in its entirety and inserting in its place the following paragraph: