APPLICATION OF COLOMBIAN LAW Sample Clauses

APPLICATION OF COLOMBIAN LAW. The Parties establish Santa Fe de Bogota, Republic of Colombia, as the domicile for all contract purposes. This contract is fully ruled by Colombian law and THE ASSOCIATE accepts the jurisdiction of Colombian courts and waives diplomatic claim regarding its rights and duties hereunder, except in the case of denial of justice. It is understood there shall not be denial of justice when THE ASSOCIATE as Party or Operator has had access to all remedies and means of action that may be exercised with the jurisdictional branch of public power under Colombian law.
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APPLICATION OF COLOMBIAN LAW. This Agreement and the respective Special Conditions are governed by Colombian law.
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APPLICATION OF COLOMBIAN LAW. For all the purposes of this contract, the Parties set as their domicile the city of Bogota, Republic of Colombia. This contract is fully in force under Colombian Law and THE ASSOCIATE is subject to the jurisdiction of the Colombian Courts and waives any attempt to make any diplomatic claim in regards to the rights and obligations arising from this contract, except in the event that justice is denied. It is understood that justice will not be denied when THE ASSOCIATE, in its capacity as Operator or Party, has exhausted all the resources and actions that, in compliance with Colombian Law, may be used before Colombian legal authorities.
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APPLICATION OF COLOMBIAN LAW. This contract is governed by Colombian law and the Parties waive the right to diplomatic claim as regards the rights and obligations in this contract, except in the event of denial of justice. PARAGRAPH: For all purposes of this contract, it is understood that the provisions of Article 25 of Law 40 / 1993 have been incorporated herein, along with the ruling issued by the Constitutional Court regarding said Article on November twenty fourth (24), 1993 (Docket D-275) and Chapter Two, Section Two, Part Two of Law 418 / 1997.
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APPLICATION OF COLOMBIAN LAW. For all the purposes of this contract, the Parties set as their domicile the city of Bogota, D.C.,
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APPLICATION OF COLOMBIAN LAW. The Parties set the city of Santa Fe de Bogota, Republic of Colombia, as the domicile for any purposes hereunder. This Contract is governed throughout by Colombian law, and THE ASSOCIATE submits to the jurisdiction of Colombian Courts and waives any diplomatic claim in respect to its rights and obligations hereunder, except in the case of denial of justice. Denial of justice shall not be deemed to exist when THE ASSOCIATE in its condition as Party hereto or as Operator, has had access to all the resources and means of action which may be used under Colombian law before the jurisdictional branch of public power. SWORN TRANSLATION No.30154/Err CLAUSE 36. NOTICES Notices or communications between the Parties, connected with this Contract shall require, in order to be valid, the mention of the pertinent Clauses, and sent to the Parties at the following addresses: TO ECOPETROL: Carrxxx 00 Xx.00-00 Xxxxxxx xx Xxxxxx, Xxxxxxxx. XX THE ASSOCIATE: Carrxxx 0X Xx. 000-00 Xx 000 X Xxxxxxx xx Xxxxxx, Xxxxxxxx. Xny change of address shall be notified in advance to the other party. CLAUSE 37. VALUE OF THE HYDROCARBONS Payments or reimbursements under Clauses 9 (paragraphs 9.2 and 9.4) and 22 (paragraph 22.5), shall be made in United States Dollars, or in Hydrocarbons, on the basis of the current price and the limitations established under Colombian legislation for the sale of the dollar portion of the Hydrocarbons from the Contract Area destined for refining in national territory.
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Related to APPLICATION OF COLOMBIAN LAW

  • Application of Law The Lessee shall comply with all laws, ordinances, regulations, and other legal requirements affecting the Premises and the use thereof, and the Lessee shall indemnify, defend, and hold the Lessor harmless from expense or damage resulting from failure to do so.

  • Application of Delaware Law This Agreement, and the application of interpretation hereof, shall be governed exclusively by its terms and by the laws of the State of Delaware, and specifically the Delaware Act.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Administrative Agent as set forth in Section 7.06 of the Credit Agreement.

  • Application of Cash At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.

  • Application of Certain Laws and Regulations Neither any Borrower nor any Affiliate of any Borrower is subject to any law, statute, rule or regulation which regulates the incurrence of any Indebtedness, including laws, statutes, rules or regulations relative to common or interstate carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services.

  • Application of Code Section 409A (a) Notwithstanding anything in this Agreement to the contrary, the receipt of any benefits under this Agreement as a result of a termination of employment shall be subject to satisfaction of the condition precedent that Executive undergo a “separation from service” within the meaning of Treas. Reg. § 1.409A-1(h) or any successor thereto. In addition, if Executive is deemed to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provisions of any benefit that is required to be delayed pursuant to Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided prior to the earlier of (i) the expiration of the six (6) month period measured from the date of Executive’s “separation from service” (as such term is defined in Treas. Reg. § 1.409A-1(h)), or (ii) the date of Executive’s death (the “Delay Period”). Within ten (10) days following the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. Notwithstanding the foregoing, to the extent that the foregoing applies to the provision of any ongoing welfare benefits to Executive that would not be required to be delayed if the premiums therefore were paid by Executive, Executive shall pay the full costs of premiums for such welfare benefits during the Delay Period and the Bank shall pay Executive an amount equal to the amount of such premiums paid by Executive during the Delay Period within ten (10) days after the conclusion of such Delay Period.

  • Laws References to any statute or regulation are to be construed as including all statutory and regulatory provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation.

  • Application of Collections On each Payment Date, all collections for the related Collection Period shall be applied by the Servicer as follows:

  • Application of Proceeds of Sale The proceeds of any sale of Collateral pursuant to Section 6, as well as any Collateral consisting of cash, shall be applied by the Collateral Agent as follows: FIRST, to the payment of all costs and expenses incurred by the Collateral Agent in connection with such sale or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent hereunder or under any other Loan Document on behalf of any Pledgor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; SECOND, to the payment in full of the Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and THIRD, to the Pledgors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

  • Construction; Governing Law The headings used in this Agreement are for convenience only and shall not be deemed to constitute a part hereof. Whenever the context requires, words denoting singular shall be read to include the plural. This Agreement and the rights and obligations of the parties hereunder, shall be construed and interpreted in accordance with the laws of the State of Kansas, except to the extent that the laws of the State of Maryland apply with respect to share transactions.

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