Example sentences of "clause provide for [art] [noun] " in BNC.
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| 1 | An example of a clause providing for the payment of a participating dividend is : The Company shall after making all necessary provisions for payment of the Preference Dividend ( including any Arrears ) and the redemption of the Preference Shares but in priority to payment of any dividend to the holders of Ordinary Shares , pay to the holders of the Preferred Ordinary Shares as from ( and inclusive of ) the accounting period ending … , subject to payment in full of the Preferred Dividend ( including any Arrears of the same ) pay to the holders of Preferred Ordinary Shares a cumulative cash dividend ( " the Participating Dividend " ) of a sum ( net of any advance corporation tax payable by the Company ) equal to … % of the Profit After Tax for each accounting period of the Company ; the Participating Dividend shall be deemed to accrue from day to day throughout each accounting period and shall become payable and be paid not later than four months immediately following the end of the accounting period to which it relates . |
| 2 | However , a party can not evade the Act by a choice of law clause providing for the contract to be governed by the law of some state other than the UK . |
| 3 | If the clause provides for the substitution of figures , it is important to ensure that all necessary mathematical information is given to enable the rent to be calculated ( see Wyndham Investments v Motorway Tyres and Accessories [ 1991 ] 2 EGLR 114 for a case where this was not done , and the index linked rent failed completely ) . |
| 4 | ( a ) Initiating the review Many rent review clauses provide for the procedure to be initiated by the service of a notice . |
| 5 | Thus most such clauses provide for the seller to have the conduct of the action at his expense , on the basis that he will bear the costs of conduct and pay any resulting settlement or judgment against him and the buyer . |
| 6 | There used to be a particular difficulty in clauses providing for the appointment of valuers by each party who would then refer the matter to an umpire : see 9.8.1 . |