Examples of Implicit Waiver in a sentence
The Trust may also take action against any Executive Officer who fails to promptly report any known actual or potential departures from this Code, whether or not such failure ultimately results in an Implicit Waiver.
If a material departure from a provision of this Code is known only by the Covered Person that has caused the material departure from the Code, the material departure from the Code will not be considered to have been made known to an Executive Officer of the Trust for purposes of deciding whether there has been an Implicit Waiver.
Implicit Waiver of Sovereign Immunity Based on Conduct Finally, plaintiffs resort to the exception to foreign-sovereign immunity, codified at section 1605(a)(1) of the FSIA, for cases "in which the foreign state has waived its immunity eitherexplicitly or by implication." See 28 U.S.C. § 1605(a)(1).
Sullivan, Implicit Waiver of Sovereign Immunity by Consent to Arbitration Territorial Scope and Procedural, Texas International Law Journal Vol.18 No.2 1983.
Any Express Waiver (defined below) or Implicit Waiver (defined below) (collectively, “Waivers”) from a provision of this Code for the principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions or any Amendment (as defined below) to this Code is required to be disclosed in a Current Report on Form 8-K filed with the SEC.
Implicit Waiver An implicit waiver is the failure to take action within a reasonable period of time regarding a material departure from a requirement or provision of the Code that has been made known to the Compliance Officer and counsel to the Trust.
Johnson, A Violation of Jus Cogens Norms as an Implicit Waiver of Immunity Under the Federal Sovereign Immunities Act, 19 MD.