CHARGES AND CONDITIONS. The Buyer: • property titles, building lease, long-term lease, condominium rules, volume division, subdivision, particular areas, and any document concerning the Building, • the provisions of development plans that will be in force at that time, • the Law. • will pay, on the day of signing the authenticated deed of sale, all amounts due which have not yet been paid by the Lessee, and will make a provision covering the entire property tax (established based on the billing of the previous year), and undertakes to pay and/or reimburse any additional amount that could be claimed by the tax authorities for the ownership or use of the Building, under the conditions provided in the Property lease agreement, as well as the charges related to the Building. • Will be personally responsible for the situation of the Building with respect to former or future pollution, without recourse against the Lessor in accordance with the provisions of the Lease Agreement.
CHARGES AND CONDITIONS. The contributed assets are transferred according to the charges and conditions listed below:
CHARGES AND CONDITIONS. The charges and conditions of this commercial lease appear in order below: - I. - Charges
CHARGES AND CONDITIONS. In addition, this lease is executed under the following charges and conditions which Lessee pledges to perform and accomplish under penalty of any damages and even cancellation if Lessor so chooses:
1) Lessee must furnish and keep furnished the leased premises with equipment, merchandise, furniture and movables, in sufficient quality and value to cover the payment of the rent and the performance of the conditions of the lease.
2) Lessee may not close the leased premises, which must remain open for the aforementioned commercial activity throughout the term of the lease and until its expiration, except in case of force majeure or Lessee's need to do work that requires closing.
3) It will keep the premises in good tenant repair conditions throughout the term of the lease and will do at its own expense all works or repairs of any nature which are or may become necessary, including those that may arise from a regulatory obligation, so that at the end of the lease, it may return them in good tenant repair condition. It is also agreed that, should the administration or any authority whatsoever require, at a certain time, a modification and/or utilization of the space, even if such requirement follows a case of force majeure, all charges and consequences of this modification and/or utilization will be fully paid by Lessee, which pledges to do so. However, Lessee may not be obligated to do the work necessary for such modification and/or utilization of the space.
4) Lessee pledges to maintain and replace, at its expense, any amount of work and repairs (including due to old age) all installations, pipes, devices, closures and, more generally, all elements furnishing or making up the leased premises, without exception. Lessee agrees that, should it fail to do all work related to maintenance, repair and replacement in its charge, Lessor may do such work and repairs in its place and stead, thirty days after sending a registered letter with return receipt requested, which remains without response, except in emergencies; Lessee pledges to reimburse the actual cost thereof, including all related expenses and fees within fifteen days from receipt of Lessor's statement.
5) It will enjoy the premises as a good head of family, in accordance with the utilization indicated above, and may not, in any case, do or cause anything to be done that may deteriorate them; it must immediately notify Lessor of any damage caused to the entire property and all damage or deterioration produce...
CHARGES AND CONDITIONS. The contribution stipulated hereinabove, clear of any debts, is based on the following charges and conditions: · The Beneficiary Corporation will take the contributed assets and rights in their “as is” state upon the effective date of enjoyment, without being entitled to ask for any indemnification for any reason whatsoever and, in particular, with respect to any errors of designation or capacity or any change to the composition of the existing assets as at such date. · It shall acquit, as of the effective date of enjoyment, all contributions, taxes, levies, insurance premiums and contributions, as well as any other amounts whatsoever, ordinary or extraordinary, encumbering or which could encumber the contributed assets and those which are or may be intrinsic to the operation of the contributed Business Enterprise. The business tax will be allocated proportionally in time among the contributing and beneficiary corporations. · It shall assume all the expenses and fees relating to the present contribution, including those relating to the acts and exhibits required to reflect its definitive completion, as well as all the expenses resulting directly or indirectly therefrom.
CHARGES AND CONDITIONS. The aforesaid contributions are free of any charges and conditions other than those set forth below:
3.1. Statement of charges and conditions
A. Any increases, rights, new investments, risks, profits, overhead, charges and expenses related to the contributed assets will be incumbent on the Beneficiary, with the latter agreeing as of now to take the assets and liabilities as they exist on the date on which it receives the Contribution, which shall be deemed to be as they existed as of 1 January 2020.
B. The Beneficiary shall take the contributed assets in the condition in which they exist on the Date of Completion of the Contribution, without having the right to take action against the Contributor for any reason whatsoever, particularly for wear and tear on, or the bad condition of, the contributed installations, furnishing items, tools and equipment, or for an error in the description or nature of the assets, regardless of the significance thereof.
C. The Contributor will be bound, jointly and severally with the Beneficiary, for the liabilities transferred in the context of this Contribution.
D. As stated hereinabove, the Contributor agreed to make the subject Contribution in consideration of the Beneficiary’s payment– apart from the compensation in the form of new securities issued by the Beneficiary- of the Contributor’s liabilities related to the Contributed Line of Business and described hereinabove, pursuant to the terms and conditions stipulated for their present or future payments. Generally, the Beneficiary shall assume the Contributor’s liabilities as they exist on the Date of Completion, but only if they are related to the contributed assets. It is specified that the aforesaid amount of the Contributor’s liabilities related to the Contributed Line of Business as of 1 January 2020 -- which is given merely as an indication -- does not constitute an acknowledge of debts to alleged creditors, which, in any event, will be required to establish their rights and prove their claims. Finally, the Beneficiary shall assume the liabilities of the Contributed Line of Business, that had not been booked and transferred by virtue of this Agreement, as well as the liabilities of the Contributed Line of Business that existed prior to 1 January 2020, but which might be revealed only after the definitive completion of the Contribution.
3.2. The Contributor’s Contribution is also subject to the following charges and conditions:
A. As of the Date of Completion, the Be...
CHARGES AND CONDITIONS. The Beneficiary shall be the owner of the assets and rights contributed as a partial contribution of assets and shall have the right to use them from the Completion Date. This Contribution is made subject to the usual and legal conditions in such matters and, in particular, to the following conditions, which the Beneficiary undertakes to fulfil:
6.1. The Beneficiary shall take the property and rights to be contributed with all tangible and intangible elements, including movable objects and equipment, in the state 6.2. 6.3.
CHARGES AND CONDITIONS. This lease is granted and accepted subject to standard charges and conditions and those set forth by law, and is also subject to the following, which the lessor agrees to perform, without being able to demand any indemnity or decrease of the rent set forth below:
1) Condition of the property: -------------------------
a) The lessee shall take possession of the property in its current condition.
b) During the month when possession is taken, a statement of condition shall be drafted by both parties, at the expense of the lessee, otherwise the lessee shall be considered to have received the property in perfect condition.
CHARGES AND CONDITIONS. The sale is made and accepted under the customary and legal conditions, and namely the following: For the Seller: - to pay all expenses, charges and disbursements relating to the operating of the business until the Buyer takes possession; - to guarantee to the Buyer, in accordance with article 1641 et seq. of the Civil Code, the declarations made with respect to the origin of title, the liens on the business and the turnover for the past three years; - to assist the Buyer, at its request, for the first three months following the entry into possession, to present the Buyer to its clients and suppliers and to inform it of any particular issues regarding the business; - the keep its accounting books at the disposal of the Buyer for a period of three years following the entry into Possession; - to remit to the Buyer all title deeds, insurance policies and generally all acts and documents regarding the business which are in its possession;
CHARGES AND CONDITIONS. The monthly price for these services shall be agreed by both parties separately when the Client makes an order. This is not all-inclusive charge.
