PRINCIPLE OF GOOD FAITH Sample Clauses

PRINCIPLE OF GOOD FAITH. The parties enter into this contract, with the total absence of causes of non-existence and nullity, recognizing each other's reciprocal and indisputable personality and legitimacy to enter into this contract. TWENTY-THIRD: EARLY MATURITY AND EARLY TERMINATION OF THE CONTRACT.- "FÍNAMO" may declare this contract matured prematurely, without the need for judicial declaration, when the following circumstances occur: A) The lack of payment by "THE CLIENT" in favor of "FÍNAMO", of one or more installments to repay the credit on the date, form, and/or place agreed upon in this contract. B) For not investing the amount of the granted credit "THE CLIENT" for the activity described in Chapter ONE of Clause THIRD of this contract; or for not proving such investment. C) When "THE CLIENT" fails to comply with the obligations stipulated in this contract. D) If any information provided to "FÍNAMO" by "THE CLIENT" under the terms of this contract turns out to be false, incorrect, incomplete, or misleading. E) If "THE CLIENT" incurs additional debt that implies a risk in meeting its payment obligations with "FÍNAMO" or causes a loss in its financial situation. F) Those established by law.
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PRINCIPLE OF GOOD FAITH. This principle views that the implementation of the substance of the agreement between the two parties is based on trust and good faith. Good faith can be divided into two: relative and absolute. Nisbi faith is related to the real attitude and behavior of the subject of the agreement, while absolute good faith refers to an objective assessment without preference to existing norms. This principle is contained in Article 1338 paragraph (3) of the Civil law17.
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PRINCIPLE OF GOOD FAITH. Party A and Party B shall act in good faith, respect and jointly protect and enhance each other’s brand and reputation, and jointly improve their business credibility and brand competitiveness; and
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Related to PRINCIPLE OF GOOD FAITH

  • Lack of Good Faith To indemnify Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous; or

  • Principles of Interpretation The following principles of interpretation apply to this Settlement Agreement:

  • Covenant of Good Faith Each party to this Agreement acknowledges and agrees, in its dealings with the other party under or in connection with this Agreement, including the performance of all obligations and the exercise of all rights under this Agreement, it shall comply with the fundamental principle of good faith and fair dealing.

  • Definitions and Rules of Interpretation In this Contract, the following terms, whether capitalized or not, shall have the meanings set forth below, unless it is clear in the Contract that the context requires otherwise. In addition, the rules of interpretation set forth below shall apply.

  • Interpretation; Governing Law This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without regard to the conflict of laws principles thereof.