Undertaking and Purpose Sample Clauses

Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, ZIM and MOL undertake to allow each other to charter Slots on their Vessels for the carriage of empty Containers on an ad hoc basis, with volume and other terms as described herein.
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Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, PIL, WHL, COSCO SHIPPING and CMA CGM undertake to operate shared service and to allow each other to charter Slots on their Vessels for the carriage of Containers of the volume and on the terms hereinafter described. Each Party undertakes to meet its commitment and pay any excess slot capacity to be chartered by it as hereunder described. VESSEL SHARING COOPERATION Initially, the Parties will operate a single shared service as follows:
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Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, COSCON shall sell and HSD shall purchase Slots on a used or unused basis on Vessels operated in the geographic scope defined in Article 4 hereof for the carriage of Containers of the volume and on the terms hereinafter further defined (the “Slot Charter”). This Agreement shall further serve to authorize the Parties to enter into further agreements as provided under Article 16 herein. Each Party undertakes to meet its commitment and pay any and all amounts as hereunder described.
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Undertaking and Purpose. ‌ Subject to the terms and conditions hereinafter set forth, CMA CGM and COSCO SHIPPING undertake to allow each other to charter Slots on a used or unused and roundtrip basis on their Vessels in the geographic scope defined in Article 4 hereof for the carriage of Containers and on the terms hereinafter further defined. This Agreement shall further serve to authorize the Parties to enter into further agreements as provided under Article 16 herein. Each Party undertakes to meet its commitment and pay any and all amounts as hereunder described.
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Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, PIL, WHL and COSCO SHIPPING undertake to operate joint services and to allow each other to charter Slots on their Vessels for the carriage of Containers of the volume and on the terms hereinafter described. Each Party undertakes to meet its commitment and pay any excess slot capacity to be chartered by it as hereunder described. VESSEL SHARING COOPERATION Initially, the Parties will operate a single joint service as follows:
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Undertaking and Purpose. The purpose of this Agreement is to expand and improve the liner shipping services independently operated by CNCO and Matson in the trade covered by this Agreement. The Parties will accomplish this purpose by cooperating to establish a new Service utilizing vessels contributed, and independently operated, by each of the Parties hereto. The Parties shall share space on the vessels employed in the new Service according to the terms of this Agreement.
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Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, Zim and COSCON undertake to allow each other to charter Slots on their Vessels for the carriage of Containers of the volume and on the terms hereinafter described. Each Party undertakes to meet its commitment and pay any excess slot capacity to be chartered by it as hereunder described.
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Undertaking and Purpose. COSCO SHIPPING is authorized to charter to WHL and WHL is authorized to charter from COSCO SHIPPING Slots on COSCO SHIPPING Vessels in the Trade (as hereinafter defined) for the carriage of Containers on an ad hoc (one voyage at a time), as needed/as available basis, on such terms and conditions as the Parties may agree from time to time. To facilitate efficient operations under this Agreement, the Parties may discuss and agree upon space requirements and the availability of space; the timing of the provision of space; procedures for booking space, for documentation, for special cargo handling instructions or requirements, and for other administrative matters relating to chartering and transportation provided under this Agreement; and the terms and conditions for the use or interchange of equipment useful in the carriage of cargo in the Trade. Space chartered by WHL hereunder may not be sub-chartered to another carrier without the consent of COSCO SHIPPING. It is initially contemplated that COSCO SHIPPING will provide WHL slots for approximately: (1) 300 TEUs (EB and WB) for a single voyage on a COSCO SHIPPING service in the Trade currently known as the CEN; and (2) 800 TEUs (EB and WB) for a single voyage on a COSCO SHIPPING service in the Trade currently known as the AAC. However, for these voyages and any subsequent voyages, COSCO SHIPPING and WHL may, without amendment agree, on a number of slots not to exceed 1,200 TEUs on a single service or an aggregate between the services of 2,200 TEUs, and may for such voyage agree to substitute a different COSCO SHIPPING service in the Trade for the CEN and/or AAC.
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Undertaking and Purpose. (a) The purpose of this Agreement is to permit the Parties to achieve efficiencies and economies in the trades covered by the Agreement through their joint cooperation and coordination of their vessels and related services in such trades
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Related to Undertaking and Purpose

  • Scope and Purpose 1.01 This document is intended to set out general guidelines and principles regarding child welfare sector integrations during the term of this agreement which are mandated by the Ministry and for which local Human Resources Adjustment Plans (HRAP) are required to be negotiated. Subject to the following terms, these principles will serve as the framework for the treatment of bargaining unit employees and will apply to subsequent negotiations with unions, as may be required, as part of an integration arising within the context of the Ontario Labour Relations Act (OLRA) or PSLRTA, whichever is applicable.

  • Introduction and Purpose The Kentucky Community and Technical College System (KCTCS) and the Kentucky Department of Education (KDE) mutually support the attainment of dual credit coursework for high school students. This Memorandum of Understanding (MOU) underscores the dedication of both agencies to improving the educational attainment of Kentucky citizens and reinforces the collaboration necessary to achieve this level of success. Improving the educational attainment of Kentucky citizens is key to ensuring the State’s long-term success. The State commits significant resources across the educational spectrum to develop and implement strategies to address this critical issue. Providing secondary students dual credit opportunities is a proven educational strategy with the capacity to complement and maximize the chances of success of our educational initiatives. Effective dual credit systems have impacts both at the secondary and postsecondary levels and provide the opportunity for collaboration. Participants are expected to know and follow current and future versions of Dual Credit Policies established by the Kentucky Council on Postsecondary Education found at: xxxx://xxx.xx.xxx/policies/dualcredit.html. Should policies change during the academic year, KCTCS may request support in meeting those changes outside the scope of this document.

  • INTENT AND PURPOSE 1.01 The Employer and the Union each represents that the purpose and the intent of this Agreement is to promote cooperation and harmony, to recognize mutual interests, to formulate rules to govern the relationship between the Employer and the Union and to set forth herein the basic agreement covering rates of pay, hours of work and conditions of employment.

  • Definition and Purpose Seniority, which is the length of an employee’s service within the bargaining unit as a whole, shall be used to distinguish between employees who would otherwise be considered equal.

  • Parties and Purpose This agreement (the “Agreement”) is entered by and between certain portfolios and classes thereof, specified below and in Schedule C, of Franklin Xxxxxxxxx Variable Insurance Products Trust, an open-end management investment company organized as a statutory trust under Delaware law (the “Trust”), Franklin/Xxxxxxxxx Distributors, Inc., a California corporation which is the principal underwriter for the Trust (the “Underwriter,” and together with the Trust, “we” or “us”), the insurance company identified on Schedule A (together “you”) and your distributor, on your own behalf and on behalf of each segregated asset account maintained by you that is listed on Schedule B, as that schedule may be amended from time to time (“Account” or “Accounts”). The purpose of this Agreement is to entitle you, on behalf of the Accounts, to purchase the shares, and classes of shares, of portfolios of the Trust (“Portfolios”) that are identified on Schedule C, consistent with the terms of the prospectuses of the Portfolios, solely for the purpose of funding benefits of your variable life insurance policies or variable annuity contracts (“Contracts”) that are identified on Schedule D. This Agreement does not authorize any other purchases or redemptions of shares of the Trust.

  • RECOGNITION AND SCOPE OF AGREEMENT a) The Company recognizes the Union as the sole and exclusive Bargaining Agent for all Production Coordinators, 1st Assistant Production Coordinators and 2nd Assistant Production Coordinators, Production Assistants (with the exception of Set and Location PA’s) and any other classifications that may be contained in Schedule A of this agreement.

  • PREAMBLE AND PURPOSE 1.1 The Company and the Union each agree that the purpose and intent of this Agreement is to promote co-operation and harmony, to recognize the mutual interest of the Parties, to provide proper means through which information may be transmitted from one to the other, to formulate rules and policies to govern the relationship between the Union and the Company, to promote the efficiency of operations and service to the public, to establish rates of pay, hours of work, safe and satisfactory working conditions and other terms and conditions of employment as set out herein, and to set forth a procedure to be followed by the Parties hereto and by the employees covered by this Agreement for the expeditious and proper settlement of any dispute which may arise on the administration of the terms of this Agreement.

  • PERMITTING AND LICENSURE At Grantee's sole expense, Grantee shall procure and maintain for the duration of this Contract any state, county, city, or federal license, authorization, insurance, waiver, permit, qualification or certification required by statute, ordinance, law, or regulation to be held by Grantee to provide the goods or services required by this Contract. Grantee shall be responsible for payment of all taxes, assessments, fees, premiums, permits, and licenses required by law. Grantee shall be responsible for payment of any such government obligations not paid by its Subcontractors during performance of this Contract.

  • Background and Purpose Executive was employed by the Company. Executive's employment is ending effective ____________ under the conditions described in Section 3.1 of the Executive Severance Agreement ("Agreement") by and between Executive and the Company dated ____________, 2012. The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims the Releasing Parties may have against the Released Parties, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive's employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive's employment, reemployment, or application for reemployment.

  • Recognition and Representation Section 1: Pursuant to the provisions of the Local Government Employee-Management Relations Act (NRS 288 inclusive) the CITY OF XXXXXXXXX, NEVADA, a local government employer (hereinafter referred to as the "CITY"), recognizes the GENERAL SALES DRIVERS, DELIVERY DRIVERS, AND REPRESENTING THE PUBLIC SECTOR, LOCAL NO. 14, affiliated with the International Brotherhood of Teamsters, AFL-CIO (hereinafter referred to as the "UNION") as the Bargaining Agent for eligible employees as hereinafter defined for the purpose of collective bargaining. The UNION makes this Agreement in the capacity of the Bargaining Agent for the CITY's employees in the hereinafter described Bargaining Unit classified as Supervisors.

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