Joint and Concluding Provisions. 1. This Contract comes into force upon its execution by both Parties and comes into effect also upon its execution, except for cases where a later date is set for the arising of a right or obligation. In addition to the amendments set forth in Art. XII (3) and (4) hereof, this Contract may be modified only by consecutively numbered written amendments executed by both Parties.
2. This Contract contains the entire agreement of the Parties with respect to the lease and use of the Subject of the Lease by the Tenant and no other contract, agreement, declaration or covenant made by any of the Parties that is not contained herein shall be binding on the Parties in relation to the subject of this Contract. This Contract cancels and replaces all previous contracts, agreements, declarations or covenants made by any of the Parties prior to the conclusion hereof. Article headings are included for convenience of reference only and shall in no respect whatsoever serve for interpretation of the terms and provisions hereof.
3. The Parties shall be obliged to maintain confidentiality of the terms and conditions hereof and of information which they obtained during its negotiation, unless disclosure thereof is required by a law or some other generally binding regulation.
4. The claims of the Parties to payment of the contractual fine, damages and default interest, as well as their obligation to maintain confidentiality, shall not expire upon withdrawal from this Contract, its termination, canceling or other expiry.
5. This Contract shall be governed by the applicable provisions on lease agreement stipulated by Act No. 40/1964 Coll., the Civil Code, as amended, and Act No. 116/1990 Coll., on lease and sublease of non-residential premises, as amended.
6. This Contract has been drawn up in two (2) counterparts where each Party shall obtain one (1) counterpart.
7. The following schedules constitute an integral part of this Contract: Schedule No. 1 - up-to-date extract from the Land Registry, Title Sheet No. 2978 Schedule No. 2 - up-to-date extract from the Commercial Register for the Tenant Schedule No. 3 - graphic delimitation of the Subject of the Lease (images No. 2799 and No. 2723) Schedule No. 4 - delimitation of the premises of Further Tenants (marked in green color) Schedule No. 5 - list of Other Tenants (marked in yellow color) Schedule No. 6 - delimitation of the Soap Production Premises (marked in pink color) Schedule No. 7 - sample wording of an amendment without anne...
Joint and Concluding Provisions. 1. This Agreement shall come into force upon its execution by both Parties and shall also enter into effect upon its execution by the Parties, except for purchase and sale of the Real Estate, which shall enter into effect after fulfillment of the preconditions stipulated in Art. VII (1) hereof. In accordance with Section 133 (2) of the Civil Code and Section 2 (3) of Act No. 265/1992 Coll., on registration of ownership titles and other rights in rem to real estate, as amended, the Buyer shall acquire the ownership title to the Real Estate upon registration of the title in the Land Registry, with legal effects as of the date of delivery of the application for registration to the cadastral authority.
2. The real estate transfer tax for the transfer of the ownership title to the Real Estate in accordance with the provisions hereof shall be paid by the Seller. The administrative fees related to registration of the rights in the Land Registry shall be paid by the Buyer.
3. Any and all costs and expenses incurred by any of the Parties in connection with this Agreement, including, but not limited to (i) the costs of the analysis (due diligence) and other expert assessments, (ii) the costs and fees of financial, accounting, legal and other counsels, (iii) the costs relating to negotiations prior to execution hereof, (iv) the costs incurred in relation to execution of rights or fulfillment of obligations hereunder and (v) any other costs and/or expenses, shall be borne by the Party that incurred them, unless expressly stipulated otherwise in this Agreement. The Escrow Agent’s remuneration for establishing and keeping the Escrow Account pursuant to the Escrow Agreement shall be paid by each of the Parties in a 1:1 ratio; if the remuneration is paid to the Escrow Agent in the full amount only by one of the Parties pursuant to the Escrow Agreement, the other Party agrees to reimburse the Party paying the remuneration, without undue delay, for the relevant part of the remuneration according to the mentioned ratio. The provisions of the preceding sentence shall apply analogously also in the case pursuant to Art. XIV (8) hereof. Furthermore, the Parties agree that the Buyer shall pay the Seller 50 % of the accrued interest, into an account communicated to the Buyer by the Seller to this end, without delay after the accrued interest that was credited monthly by the Escrow Agent to the escrow amount (as defined in Art. II (1) of the Escrow Agreement) is credited to the Buy...
