Though there are no formal contracts or explicit obligations, the Nets, like other teams who attend these screenings, have an understanding that they should acknowledge the event on their social media accounts.
In practice, there would be no point proceeding on that basis, so the legislation to privatise would have to erode the explicit obligations or give the investor scope to ignore the spirit, if not the letter, of them.
"What we are proposing today is a range of proposals, including a non-executive director who has an explicit obligation to engage with the workforce, to report into the board, to chair a stakeholder panel and influence the renumeration committee".
In the case of critically under-capitalised banks, the law tells regulators to close them or sell them, and to require interest payments to unprotected creditors to be suspended.More generally, the Federal Deposit Insurance Corporation is under an explicit obligation to deal with failed banks in a way that minimises the cost to the deposit-insurance fund.
The UN Convention on the Rights of the Child, the most ratified international human rights treaty in the world (only the US is not a party), makes it clear that states have an explicit obligation to protect children from exposure to toxic chemicals, from contaminated food and polluted water, and to ensure that every child can realise their right to the highest attainable standard of health.
Federal Farm Credit Bank (FFCB) is a GSE, thus carrying an implicit guarantee on its debt, while Private Export Funding Corp. (PEFCO) bonds are backed by U.S. government securities (held as collateral), and the interest payments are considered an explicit obligation of the U.S. government.
The guidance notes say: "It will provide an explicit obligation on CSPs [communications service providers] to assist in giving effect to equipment interference warrants".
The explicit "obligation" to react "by all means" in case of armed aggression against a member-state, goes beyond NATO's mutual assistance clause since, non-armed attacks shall also be covered.
After selling a player a consumable virtual good, Zynga maintained, "there are no further implicit or explicit performance obligations".
"Not only does Martin Marietta's misuse of information constitute a violation of explicit contractual obligations and the federal securities laws," Vulcan said in its complaint, "but it also offends all notions of business ethics and fair dealing".
Macdonald – who lead the Crown Prosecution Service as DPP – said university leaders had a potential defence against the restrictions of last year's Counter-terrorism and Security Act, thanks to explicit legal obligations to promote free speech dating back to the Thatcher era.
