Mandatory Law definition

Mandatory Law means any statutory law the provisions of which cannot be departed from by contractual stipulations to the detriment of the Customer.

Mandatory Law means any law or international convention forming part of the national law relating to the carriage of goods, the provisions of which cannot be departed from by contractual stipulations detrimental to the consignor or consignee.

Mandatory Law. – means provisions of Law which may not be contrarily addressed or regulated by the determination and/or consent of the Company and/or other parties.

Examples of Mandatory Law in a sentence

• As noted above, the pari passu clause comes in four versions: Rank Equally, Rank Equally in Payment, Pay Equally and one of the three mentioned versions plus Mandatory Law.

• The Mandatory Law clause accordingly creates the lowest risk of holdouts.

• The premise in the IMF Pressure model is that the IMF, because it fears that its lending will be put in jeopardy by the actions of holdout creditors, wants countries to switch to clauses that lower the risk of holdouts (i.e., toward the Mandatory Law end of the pari passu risk spectrum).

• In particular, the Mandatory Law and Pay Equally versions of the pari passu clause were not affected by the SDNY opinion and thus should remain unchanged.

• Table 7 reports the frequency of Major changes for each sovereign based on the initial type of pari passu clause.[Insert Table 7 Here]Ten of the Major changes involve sovereigns that initially used the Rank Equally in Payment clause and 17 were sovereigns that had the Mandatory Law clause.

• This change is statistically significant at the 1% confidence level.This movement to Rank Equally in both directions, from high risk Pay Equally and Rank Equally in Payment and from the lowest risk Mandatory Law, supports the Random Mutation model and is inconsistent with the Rational Design model.

• Our prediction under the Rational Design model is that increasingly from the Late Period of October 2014 onward sovereigns with the Rank Equally in Payment clause will change to language that re-creates the sovereigns’ preferred intermediate risk of holdouts.However, the sovereigns using the high risk Pay Equally or lowest risk Mandatory Law terms will not be motivated to change their clause as these terms were not affected by the SDNY opinion.

• Those sovereign offerings with the Mandatory Law term constitute 47.2% of the sovereign offerings in 2011 and only 21.5% of the offerings in 2016.

• PE cannot, to a greater extent than what ensues from Mandatory Law, be held liable for any damage as a result of the Services being down or not functioning as intended or expected or for the information in the account information service not being correct.PE is not liable for the result the Client generates through use of the Service.

• English language shall be the applicable language and translation of this LIA unless otherwise mutually agreed to by the Local Parties or required by Mandatory Law.

More Definitions of Mandatory Law

Mandatory Law means any law of Singapore, or any international convention forming part of the law of 25

Mandatory Law means any law of Singapore, or any international convention forming part of the law of Singapore, relating to the carriage of goods, the provisions of which cannot be departed from by contractual stipulations detrimental to the consignor or consignee;

Mandatory Law means any Hatutory law or international convention the provisions of whiG cannot be departed by contraßual stipulation to the detriment of the CuHomer.

Mandatory Law means any statutory law or international convention the provisions of which cannot be departed by contractual stipulation to the detriment of the Customer.

Mandatory Law means mandatory laws applicable to You (which may include the Xxxxxxxx Xxxx Act) that application of which by law may not be disclaimed, excluded, or eliminated by Control Bionics. “Products” means any products sold by Control Bionics. “You” and other forms of that pronoun shall mean the initial purchaser or the patient for whom a Product was purchased or to whom a Product was delivered and any later transferee of or user or possessor of the Products. Note that the duration of any original Warranty is not extended by repair or replacement under the Warranty.

Mandatory Law provisions of Law which may not be contrarily addressed or regulated by the determination and/or consent of the Corporation and/or other parties.