Principal Provisions. Each respective Participation Agreement shall contain provisions pursuant to which each respective PFI shall undertake to:
(a) carry out activities under Part A of the Project and under the plan of action to implement activities under Part C of the Original Project, and conduct its operations and affairs in accordance with the provisions set forth in the Anti-Corruption Guidelines, appropriate financial standards and practices, with qualified management and staff in adequate numbers, and in conformity with the investment and lending policies and procedures referred to in the Operational Manual and in the Social and Environmental Framework, and provide, promptly as needed, the funds, facilities, services and other resources required for the purpose;
(i) make Sub-loans to Beneficiary Enterprises on the terms and conditions set forth in the Operational Manual including, without limitation, the terms and conditions set forth in Schedule 4 to this Agreement;
(ii) exercise its rights in relation to each such Sub-loan in such manner as to protect its interests and the interests of the Borrower and the Bank, comply with its obligations under its respective Participation Agreement and achieve the purposes of the Project;
(iii) not assign, amend, abrogate or waive any of its agreements providing for Sub-loans, or any provision thereof, without the prior approval of the Borrower and the Bank; and
(iv) appraise activities to be financed out of the proceeds of a Sub-loan, and supervise, monitor and report on the carrying out of said activities by the Beneficiary Enterprises, in accordance with the Operational Manual and the Social and Environmental Framework.
(i) exchange views with and furnish all such information to the Bank or the Borrower, as may be reasonably requested by the Bank and the Borrower, with regard to the progress of its activities under the Project, the performance of its obligations under its respective Participation Agreement, and other matters relating to the purposes of the Project;
(ii) prepare and submit to the Borrower semi-annual reports on Sub-loan disbursements and repayments until the currency of the Participation Agreement; and
(iii) promptly inform the Bank and the Borrower of any condition which interferes or threatens to interfere with the progress of its activities under its respective Participation Agreement; and
(d) assume the credit risk of each Sub-loan.
Principal Provisions. The RAA follows a template-type approach similar to that found in many Status of Forces Agreements to which Australia is a party. The RAA addresses legal issues associated with: 2 [2005] ATS 12. 3 [2009] ATS 18. 4 [1999] ATS 14. 5 [1963] ATS No. 10. 6 Ministry of Foreign Affairs of Japan, Agreement regarding the Status of United States Armed Forces in Japan, at <xxx.xxxx.xx.xx/xxxxxx/x-xxxxxxx/xx/x&x/xxx/0.xxxx>. 7 Ministry of Defense (Japan), “The Government of Japan and the UK Government will commence negotiations for the conclusion of the Japan-UK RAA”, at <xxx.xxx.xx.xx/xx/xxxxxxx/0000/00/x0x00x00x00xx00x0000xx00x00x00x00x00xx0x.xxxx> . i. Definitions and Purpose (Articles I and II);
Principal Provisions. The Agreement is a legal contract between you as a client ("Client", "Customer" or "You", depending on the context), on the one hand, and Ellertan Commerce Inc, on the other. This section (hereinafter collectively referred to as the "Parties" and individually as the "Party") governs the mutual rights and obligations of the parties with respect to the use of Lenxoris. The Agreement is a public offer, and the Client confirms its acceptance by clicking the "Accept" button when creating a User Account.
Principal Provisions. Principal and premium, if any, with respect to each Bond is payable upon surrender of such Bond at the Corporate Trust Office of the Trustee upon maturity or the earlier redemption thereof. The principal of, premium, if any, and interest on the Bonds shall be payable in lawful money of the United States of America.
Principal Provisions. Surrender of rights
Principal Provisions. Commencing on the Interest Payment Date that occurs in the month of April, 2013, and continuing on each Interest Payment Date thereafter, Borrower will make principal payments for each of Advance 1 and Advance 2 in the amount of the original Advance divided by eighty four (84) months as shown on Schedule XX. In addition, commencing with the 2013 fiscal year end, within one hundred twenty (120) days after the 2013 fiscal year end, Borrower shall make a principal payment on Advance 2 equal to (i) the lesser of Five Hundred Thousand Dollars ($500,000.00) or (ii) fifty percent (50%) of Excess Cash Flow (as defined in the Loan Agreement). Borrower shall continue to make annual principal reductions on Advance 2 within one hundred twenty (120) days after its fiscal year end equal to the lesser of Five Hundred Thousand Dollars ($500,000.00) or fifty percent (50%) of Excess Cash Flow until the sum of all such principal reduction payments equals One Million Six Hundred Thousand Dollars ($1,600,000.00). Xxxxxxxx authorizes Xxxxxx to withdraw Interest and Principal Payments from the Account. All unpaid principal and interest, late fees and other charges on both Advance 1 and Advance 2 will be due in full on the Maturity Date.
Principal Provisions. A1 INTERPRETATION
A1.1 In this agreement:
Principal Provisions. 1.1 The Parties hereby agree that article 1 of chapter 1 of the Exclusive Business Cooperation Agreement shall be replaced in its entirety by the following provision: “Party A shall, during the term of this Agreement and in accordance with the terms and conditions herein, serve as Party B’s exclusive services provider to provide Party B with comprehensive technology and business support as well as relevant consulting services (“Services”) by utilizing its intellectual properties, staff for technology research and development, tests, operation and maintenance, as well as its rich and high-quality client resources, etc. The contents of Services include: • Provide development and design, establishment and maintenance, data and algorithm, product operating support, framework services, technical platform services, technical support services, editing services, etc. for Zhihu website and app products, Zhihu daily news, Dudu daily news, commercial innovative products, production and publication of commercial advertisements, production of books and e-books, etc. • Provide Party B with daily support services including brand promotion, offline activities organization, outside image maintenance, public relation coordination, human resources, financial, administrative and legal staff, and assistants, etc.”
1.2 The Parties herby agree that a newly supplemented provision shall be incorporated into article 7 of chapter 3 of the Exclusive Business Cooperation Agreement, which after incorporation shall read as follows: “The Parties agree that Party B shall pay service fees (“Service Fees”) to Party A or the Designee(s) for Services provided by Party A or the Designee(s). The Parties agree that the Service Fees for all Services completed during 2015 (tax excluded) are RMB 8,973,660.00 (eight million nine hundred seventy-three thousand six hundred sixty). Party A allows Party B to issue a value-added tax invoice to it by May 31, 2016, and Party A will arrange for payments upon receipt of invoice. The Parties agree, commencing from 2016, to determine settlement period and Service Fees based on Services provided.”
1.3 The Parties hereby agree that article 8 of chapter 3 of the Exclusive Business Cooperation Agreement shall be replaced in its entirety by the following provision: “The Parties agree that the Service Fees shall be paid on an annual basis. The specific Service Fees for each year shall be determined by Party A after considering the following factors:
8.1 the number a...
Principal Provisions. 1.1 The Parties herby agree that article 7 of chapter 3 of the Exclusive Business Cooperation Agreement shall be replaced in its entirety by the following provision: “The Parties agree that Party B shall pay service fees (“Service Fees”) to Party A or the Designee(s) for Services provided by Party A or the Designee(s). The Parties agree that for all Services provided by Party A to Party B under this Agreement, Party B shall pay Party A as Service Fees 100% of its income on the basis of its consolidated financial statements, net of the operating costs mutually agreed by the Parties.”
1.2 The Parties hereby agree that article 8 of chapter 3 of the Exclusive Business Cooperation Agreement shall be replaced in its entirety by the following provision: “The Parties agree that the Service Fees shall be paid on an annual basis. Party B shall provide Party A with its management statements and operating data for each fiscal year within 30 days of the end of that fiscal year; provide Party A with its audited financial statements for each fiscal year within 90 days of the end of that fiscal year, such financial statements shall be audited and certified by an independent certified public accountant approved by Party A. Party B hereby undertakes that the management statements, operating data, and financial statements that it provides shall be true, effective, accurate, and complete. In the event the aforementioned materials provided by Party B are defective and cause Party A to incur any losses, Party B shall be fully liable for such losses. If Party B is relieved or exempted from the obligation to pay Service Fees under this Agreement as a result of its provision of false materials to Party A, Party B irrevocably undertakes to compensate Party A for the amount of payment thus reduced or waived.”
Principal Provisions. Each respective Participation Agreement shall contain provisions pursuant to which each respective PFI shall undertake to:
