Enforcement in practice Sample Clauses

Enforcement in practice. The official enforcing the court ruling shall do so after having discussed the means of performance to the litigants and the true economic capacity of the litigant. The official enforcing the ruling shall then create a record to act as a reference for performance in practice. Within 60 days, if the litigant performing the court ruling has done so in full, the performance of the court ruling shall come to an end. In the event that the litigant fails to perform the ruling, intends to delay performance, or the performance of the ruling remain incomplete, the office or court ruling enforcement office shall apply measures, such as the inspection of the inventory of assets, the issuance of a seizure or sequestration order, the issuance of an order for deductions to be made from their salary or income as payment, the issuance of a transfer order, or an order to fine the litigant responsible for performing the court ruling, depending on the case. Before the office or court ruling enforcement unit issues an order for the seizure or sequestration of assets, the head of the office or court ruling enforcement unit must issue an order to inspect and create an inventory of the assets of the litigant and coordinate with the parties concerned, especially the village office, the police, the asset owner, or the litigant in question in order to inspect and create the inventory of what types of assets there are, in what quantities, and their location. After the inspection is complete, the official enforcing the court ruling shall create a record of the assets inspected in practice along with a detailed inventory. They shall then sign these documents and request that all participants also do so. In the event that the assets of the litigant are in a different province, the office or court ruling enforcement unit responsible shall request the office or court ruling enforcement unit responsible where the assets are located are truly there and truly belong to the litigant. These are then added to the inventory in detail or they may enforce the ruling themselves instead113. Once the official enforcing the court ruling has inspected the assets and created a detailed inventory, they may issue an order for the seizure or sequestration thereof. Once the assets have been seized or sequestered, the official enforcing the ruling shall assess and announce the sale thereof to pay off the debt. The value of the assets shall be assessed by an arbitration committee appointed by the Vientiane C...
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Related to Enforcement in practice

  • Collection Practices The collection practices used by the Servicer with respect to each Mortgage Note and Mortgage have been in all respects legal, proper and prudent in the mortgage servicing business;

  • Credit Reporting; Gramm-Leach-Bliley Act (a) With respect to each Mortgage Loan, each Sexxxxxx xxxxxx xx xully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and TransUnion Credit Information Company (three of the credit repositories), on a monthly basis. (b) Each Servicer shall comply with Title V of the Gramm-Leach-Bliley Act of 1999 and all applicable regulations promulgatxx xxxxxxxxxx, xxxating to the Mortgage Loans required to be serviced by it and the related borrowers and shall provide all required notices thereunder.

  • Payable Practices No Borrower or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

  • Corrupt or Fraudulent Practices 2.31.1 The Procuring entity requires that tenderers observe the highest standard of ethics during the procurement process and execution of contracts when used in the present regulations, the following terms are defined as follows;

  • Credit Reporting For each Mortgage Loan, the Company shall accurately and fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to each of the following credit repositories: Equifax Credit Information Services, Inc., TransUnion, LLC and Experian Information Solution, Inc. on a monthly basis.

  • Collusive practices We hereby certify and confirm that the tender is genuine, non-collusive and made with the intention of accepting the contract if awarded. To this effect we have signed the “Certificate of Independent tender Determination” attached below.

  • CONSUMER PROTECTION ACT 25.1 The Purchaser confirms that it has considered all of the clauses in terms whereof he, amongst other things, limit the liability of the Seller or any other person and acknowledges any fact, in detail. The Parties further acknowledge that none of the terms of this Agreement should be construed as an acknowledgement that the CPA applies to this transaction in circumstances where the CPA would not have been applicable to the transaction.

  • Waiver of Anti-dilution Protection Sponsor hereby waives, and agrees not to exercise, assert or claim, to the fullest extent permitted by applicable Law, the ability to adjust the Initial Conversion Ratio (as defined in the SPAC Memorandum and Articles of Association) pursuant to and in compliance with Article 18.3 of the SPAC Memorandum and Articles of Association in connection with the Transactions.

  • No Marshaling Secured Party shall not be required to marshal any present or future collateral security (including this Security Agreement and the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order. To the extent that it lawfully may, Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of Secured Party's rights under this Security Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, Grantor hereby irrevocably waives the benefits of all such laws.

  • No Fraudulent Intent Neither the execution and delivery of this Agreement or any of the other Loan Documents nor the performance of any actions required hereunder or thereunder is being undertaken by the Borrower, any Guarantor or any of their respective Subsidiaries with or as a result of any actual intent by any of such Persons to hinder, delay or defraud any entity to which any of such Persons is now or will hereafter become indebted.

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