COMPLIANCE WITH BNDES NORMS Sample Clauses

COMPLIANCE WITH BNDES NORMS. 12.1. Contracted Party shall act in conformity with all relevant rules of the National Bank for Economic and Social Development (BNDES), the compliance of which will be required on the part of vendor to enable Contracting Party to apply for BNDES financing ("BNDES Norms"). [LOGO] [LOGO] Operationalization Agreement bound to the Goods and Service Supply Agreement related to the Provisioning and Implementation of a GSM Mobile Telephone System 12.2. All sales bills/invoices issued by Contracted Party in connection with the acquisition of locally manufactured Items shall include the FINAME (Special Industrial Financing Agency) Code Number, as per nomenclature indicated in the Computerized Manufacturer Registry - CFI/FINAME, provided such code is published before the date when sales bills/invoices are issued. Contracted Party shall provide all technical and financial data on the Items acquired by Contracting Party together with the relevant sales bills/invoices, as required by BNDES or by FINAME. Contracting Party shall not accept more than one sales bxxx/invoice for parts of the same Item, except as otherwise agreed by the Parties. All sales bills/invoices related to the acquisition of locally manufactured Items shall be subject to return or to an extension in their maturity dates in the event of being non-compliant with BNDES Norms or other procedures defined in the present Contract. 12.3. Contracted Party shall be responsible for the accuracy and authenticity of all data submitted to Contracting Party in connection with such compliance with Contracted Party's responsibilities. 12.4. In the event of Contracted Party not complying with its obligations as provided in this Clause 12, and for which Contracted Party shall be responsible under the present Contract, thus preventing Contracting Party from applying for any financing under BNDES Norms for reasons attributable to Contracted Party, then Contracting Party shall have the right to terminate the present Contract provided that Contracted Party is not capable of remedying such violation within sixty (60) days counted from the date when a written notice is given by Contracting Party on the impossibility of obtaining the necessary financing under BNDES Norms due to the non-compliance on the part of Contracted Party of the obligations defined in Clause 12, without prejudice to all losses and damages caused to Contracting Party as a result of such non-compliance. 12.5. Contracted Party shall not be deemed in viola...
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Related to COMPLIANCE WITH BNDES NORMS

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with ADA The Company and its subsidiaries and each Real Property are currently in compliance with all presently applicable provisions of the Americans with Disabilities Act, as amended, except for any such non-compliance that would not, individually or in aggregate, reasonably be expected to have a Material Adverse Effect.

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Compliance with Xxxxx Xxxxx and Related Act requirements. All rulings and interpretations of the Xxxxx- Xxxxx and Related Acts contained in 29 CFR parts 1, 3, and 5 are herein incorporated by reference in this contract.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance with FINRA Rules The Company hereby agrees that it will ensure that the Reserved Securities will be restricted as required by FINRA or the FINRA rules from sale, transfer, assignment, pledge or hypothecation for a period of three months following the date of this Agreement. The Underwriters will notify the Company as to which persons will need to be so restricted. At the request of the Underwriters, the Company will direct the transfer agent to place a stop transfer restriction upon such securities for such period of time. Should the Company release, or seek to release, from such restrictions any of the Reserved Securities, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with Orders The Company is not in violation of any material judgment, decree, or order of any court, arbitrator or other governmental authority.

  • Compliance with Rule 144 At the written request of the Warrantholder, who proposes to sell Preferred Stock issuable upon the exercise of the Warrant in compliance with Rule 144 promulgated by the Securities and Exchange Commission, the Company shall furnish to the Warrantholder, within ten days after receipt of such request, a written statement confirming the Company's compliance with the filing requirements of the Securities and Exchange Commission as set forth in such Rule, as such Rule may be amended from time to time.

  • Compliance with Cuba Act The Company has complied with, and is and will be in compliance with, the provisions of that certain Florida act relating to disclosure of doing business with Cuba, codified as Section 517.075 of the Florida statutes, and the rules and regulations thereunder (collectively, the "Cuba Act") or is exempt therefrom.

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