PARAGRAPH FOUR. For the purposes of item “i” of item II of the main section of this Clause, measures are considered to prevent the practice of corrupt conduct, among others, the implementation, maintenance and/or improvement of internal control practices and/or systems, including standards of conduct, integrity policies and procedures, in order to ensure faithful compliance with national or foreign legislation applicable to the CLIENT and/or its subsidiaries.
PARAGRAPH FOUR. The institutions undertake to inform students who are interested in international mobility that, upon arriving at the host institution, they shall subject to its rules, especially those regarding the educational and teaching system, rules of conduct and penalties.
PARAGRAPH FOUR. Failure to comply with item IV of this Clause shall be deemed to be characterized in the following cases:
PARAGRAPH FOUR. For purposes of the special obligation set forth in item V of the main provision of this Section, measures to prevent the performance of corrupt practices are understood, among others, as the implementation, maintenance and/or improvement of practices and/or internal control systems, including standards of conduct, integrity policies and procedures, aiming at securing full compliance with the Brazilian and foreign law applicable to the Beneficiary and/or to its affiliates.
PARAGRAPH FOUR. For purposes of this Agreement, the terms mentioned in item VII of this Section have the following meaning:
PARAGRAPH FOUR. In the event of a claim, the CREDITOR may use the indemnity received to pay, in whole or in part, the debt guaranteed by the damaged asset or other overdue debts of the CUSTOMER, or authorize its use for the repair, reconstruction or replacement of the said asset.
PARAGRAPH FOUR. Non-compliance with Xxxxxx XXX of this Clause is considered to be characterized in the following hypotheses: I - when the statement submitted to the BNDES, pursuant to item III, items "a", "b" and "d" of Clause Twenty Two (Client Statements)ceases to be true, consistent, correct or sufficient, as provided for in Paragraph One of Clause Twenty Two (Client Statements)/ II - when the statement referred to in item I above is requested and not submitted to the BNDES within the period provided for in Paragraph Two of Clause Twenty Two (Client Statements); III - non-existence or loss of validity and/or effectiveness of any of the environmental licenses, duly issued by the competent environmental agency, necessary for the implementation and/or operation of the project, according to the stage of the Project; or IV - existence of an administrative or judicial decision that (i) results in the suspension, invalidity or extinction of the environmental licensing of the project or (ii) determines the environmental irregularity of the project, provided that, in both cases, the effects of the decision are not suspended.
PARAGRAPH FOUR. The Executive recognizes that, by virtue of his employment by the Company and to assist him in the performance of his duties, he will be granted otherwise prohibited access to confidential and proprietary data of the Company which is not known either to its competitors or within the business community generally and which has independent economic value to the Company. This information (hereinafter referred to as "Confidential Information") includes, but is not limited to: data relating to the Company's unique marketing and servicing programs, procedures and techniques; business, financial, management, investment and personnel strategies; the criteria and formulae used by the Company in pricing its products and services; and other data relating to the financial administration and investment strategies of the Company. The Executive recognizes that this Confidential Information constitutes a valuable property of the Company, developed over a long period of time and at substantial expense. Accordingly, the Executive agrees that he will not, at any time during his employment by the Company, divulge such Confidential Information or make use of it for his own purposes or the purposes of another. The Executive agrees that all intellectual property, such as computer programs, systems or software, developed during his employment or as a result of his employment is work for hire performed by the Executive in the scope of his employment. The Company shall retain all proprietary rights to any and all such intellectual property. Executive agrees to execute any documents necessary to perfect Company's interest in such intellectual property upon Company's request.
PARAGRAPH FOUR. The average amortization period of each installment of the credit, referred to in item I of the previous paragraph of this Clause, will be calculated according to the formula below: [***]
PARAGRAPH FOUR. The methodology referred to in Paragraph Two does not apply to operations in shortage of principal, for which the BNDES may arbitrate the non-receipt and alternative costs.
