Second Paragraph. The PROMISING TRANSFEROR has all necessary corporate power and authority and has taken all corporate action necessary to enter into this Agreement, to consummate the transactions contemplated on its part hereby and to perform its obligations hereunder. The execution, delivery and performance of this Agreement and the consummation of the transactions described herein by the PROMISING TRANSFEROR have been duly authorized by all requisite corporate action. This Agreement has been duly executed and delivered by the PROMISING TRANSFEROR and, assuming the due execution and delivery thereof by the PROMISING TRANSFEREE, is a valid and binding obligation of the PROMISING TRANSFEROR, enforceable against it in accordance with its terms.
Second Paragraph. In case the Due Date does not occur on a Working Day in the county of Sao Paulo or Campo Grande, the payment must be made on the first subsequent Working Day. Third Paragraph - The invoice, with corresponding due dates, shall be presented by Seller to Purchaser at least 5 (five) Working Days before the first due date. Fourth Paragraph - the sums of the invoices shall be deposited in the checking account indicated by Seller. 7th Clause - The Price mentioned in 5th Clause above, updated according to the caption in 5th Clause, shall be readjusted during the whole Period of Supply, every 12 (twelve) months (or at the smallest periodicity allowed by the Applicable Legislation, as long as this smallest periodicity be equally applicable to the readjustment of fees of Enersul, as foreseen in the contract of concession of distribution of Enersul) based on the accumulated variation of the IGPM in that period, which shall correspond to the index obtained by the division of the indexes of IGPM of the month preceding the readjustment and of the month before the last readjustment. 8th Clause - In case, related to any invoice, there are undisputed sums and related sums which Purchaser may have questioned the respective certainty and liquidity, Purchaser, independent of the questioning presented in print to Seller, before the Due Date, must, in the respective Due Date, make the payment of the unquestionable parcel, risking, with the objection, to portray its default. Solving the matter related to the questioned parcel within at most 10 (ten) Working Days, Purchaser must, within 5 (five) Working Days from the date in which the composition between the Parties shall take place, make the payment of the remaining parcel of the value of the referred parcel, plus interest, in the terms of 9th Clause below. The interest shall be calculated pro rata die between the Due Date of the respective invoice and the date of the effective payment, being understood and accepted that the interest rate above mentioned shall only be applicable to the remaining values, object of controversy, in the hypothesis of the questioning by Purchaser being erroneous. 9th Clause - In case, for any reason, Purchaser does not pay the invoice or part of the sum of the invoice issued by Seller on the Due Date or, in case of the non-payment of part of the invoice, within the period established in 8th Clause above, whichever the case, Purchaser shall be subject to the payment of the due sum, plus a fine of 2% (t...
Second Paragraph. The PROMISING TRANSFEROR shall use its best efforts so as to obtain the previous administrative authorization(s) required in connection with the execution of the definitive transfer agreement, cooperating, in a diligent and active manner, in all bureaucratic proceedings which may be necessary or convenient to accomplish such end. The PROMISING TRANSFEROR also agrees, if necessary, to look for alternative solutions to make such transfer possible, provided such alternative solutions are not excessively burdensome.
Examples of Second Paragraph in a sentence
THE SECOND PARAGRAPH IS CHANGED TO: The “Basis of Payment” clause in the Specifications relating to any Pay Item in the proposal encompasses all compensation for Work to complete that Pay Item and no other Pay Item.
Step III, Claims Committee.THE SECOND PARAGRAPH IS CHANGED TO:The Claims Committee will not review a claim or combination of claims valued less than $250,000 until after the receipt of conditional release as specified in 109.11.
Students’ choice should be in accordance with their research interests in consultation with their supervisor and are meant to provide a solid grounding in research methods at the postgraduate level in various areas of philosophy.Courses offered will be listed at the start of each academic year.
SECTION 109 – MEASUREMENT AND PAYMENT 109.01 MEASUREMENT OF QUANTITIESTHE SECOND PARAGRAPH IS CHANGED TO:The Department will designate Items as Measured Items or as Proposal Items by having a suffix of M or P in the Item number respectively.
Subcontractors.THE SECOND PARAGRAPH IS CHANGED TO:The Department will make payment for markup on subcontracted work at the rate of 5 percent applied on the total amount of all costs for subcontracted force account work up to $500,000 and 2% applied on the total amount of all costs for subcontracted force account work over $500,000.
More Definitions of Second Paragraph
Second Paragraph. The provisions in Clause 19 shall apply for any amounts being contested that may be later agreed on, or which may get defined as being the amounts due, except for the fine. Interest and adjustment for inflation shall be computed as of the due date of the parcel being contested and until the date of its settlement, excluding the day of settlement itself.
Second Paragraph. For purposes of the exercise of the option by the PROMISING TRANSFEREE, as provided in the First Paragraph above, it is incumbent upon it to present to the PROMISING TRANSFEROR the text of the definitive transfer agreement or agreements, depending on whether it opts for the joint transfer of the Permissions, or for their transfer individually or in groups.
Second Paragraph. The PROMISING TRANSFEREE has all necessary corporate power and authority and has taken all corporate action necessary to enter into this Agreement, to consummate the transactions contemplated on its part hereby and to perform its obligations hereunder. The execution, delivery and performance or this Agreement and the consummation of the transactions described herein by the PROMISING TRANSFEREE have been duly authorized by all requisite corporate action. This Agreement has been duly executed and delivered by the PROMISING TRANSFEREE and, assuming the due execution and delivery thereof by the PROMISING TRANSFEROR, is a valid and binding obligation of the PROMISING TRANSFEREE, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratoriums or other similar laws now or hereafter in effect relating to creditors, rights generally and by general principles of equity (whether considered in an action at law or in equity) and the discretion of the court before which any proceeding therefor may be brought. Clause Seven: MUTUAL COVENANTS OF THE PARTIES First Paragraph: From the date hereof until the date upon which the definitive agreement(s) for the transfer of the Permissions are executed, the PROMISING TRANSFEROR shall:
Second Paragraph. In case of any unjustified delay in the payment of invoices not objected on time by THE BUYER, in accordance with the provisions in the first paragraph of this article, THE BUYER shall recognize to THE SELLER, as interest payable in pesos, the highest interest rate authorized by the Superintendence of Finance during the default days effectively elapsed. In order to calculate the late interests, the amount of the overdue invoice(s) in dollars shall be first converted to Colombian pesos at the market representative exchange rate, on their date of issuance, as per certification of the Superintendence of Finance of Colombia. THE BUYER shall pay the invoices charging late interests thirty (30) calendar days after their reception by THE BUYER. Both THE BUYER and THE SELLER understand that the invoices issued as well as the Contract hereof shall be a writ of execution and THE BUYER and SELLER expressly wave any private or judicial requirements to file as default.
Second Paragraph. For the purposes of this Clause, "Accumulated DI Factor" means, for any calculation date, the interest rate effective from January 01, 2004 until the calculation date.
Second Paragraph. In case of delay in the 18 18 payment of the rent, the LESSEE shall admit it, and shall pay during this time, to the LESSOR, commercial interest at the rate of 3.5% - monthly - which shall be assessed on the basis of the unpaid sums, without damage to the other actions of the creditor.
Second Paragraph. The following boundaries correspond to the real property covered by this contract, pursuant to certification clarification deed No. 9410 dated September first (1st) of nineteen hundred ninety-eight (1998): NORTH: Along twenty meters (20 meters) with lot number four (4) of the same block thirteen (13); SOUTH: One of its sides along a similar length of twenty meters (20 meters) with Calle Noventa (90); EAST: Another of its sides along thirty-two meters (32 meters) with Carrxxx Xxxxxxxxx (00) of the city plan. WEST: Along thirty-two 2 meters (32 meters) with lot number seven (7) of the same block thirteen (13).