Article Eleven definition

Article Eleven. DEFAULTS:

Article Eleven shall refer to the applicable Section or Article of this Administration Supplement, (iv) the term "include" and all variations thereof shall mean "include without limitation", (v) the term "or" shall include "and/or" and (vi) the term "proceeds" shall have the meaning ascribed to such term in the UCC. ARTICLE ELEVEN SERVICING OF THE 1999-A LEASES AND 1999-A VEHICLES

Article Eleven. The agreement becomes effective upon sealed and signed. There shall be two copies, and each party holds one copy.

Examples of Article Eleven in a sentence

• Before such a deposit, the Company may give to the Trustee, in accordance with Section 1102 hereof, a notice of its election to redeem all or any portion of such Outstanding Securities at a future date in accordance with the terms of the Securities of such series and Article Eleven hereof, which notice shall be irrevocable.

• The Securities shall be redeemable as provided in Article Eleven.

• Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 3.1 for Securities of any series) in accordance with this Article Eleven.

• Any provision of this Article Eleven which is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction unless its removal would substantially defeat the basic intent, spirit and purpose of this Indenture and this Article Eleven.

• Subject to the rights of the Company under Article Eleven, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence.

More Definitions of Article Eleven

Article Eleven. The Board of Directors shall consist of nine members elected by the shareholders, who may also choose two alternate directors. Directors shall hold their offices for an indefinite term and may be indefinitely reelected and renewed in its entirety at the end of each period. At the first meeting after holding the respective General Shareholders’ Meeting, the Board of Directors shall choose a Chairman, a First Vice-Chairman and a Second Vice-Chairman from among its own members, who shall also hold act as President of the Bank and shall preside over the Shareholders’ Meetings. Appointments shall be made by the absolute majority of 100% of the members of the Board of Directors in a separate and secret ballot. If none of them obtains such a majority, the election shall be repeated among those who have obtained the three highest majorities, by computing the blank ballots in favor of the person who has obtained the highest number of votes. In case of a tie, all members shall vote once again and in the event of a new tie, such appointment shall be made by drawing lots. The Chairman, the First Vice-Chairman and the Second Vice-Chairman may be reelected indefinitely. Upon the occurrence of one or more vacancies of the regular Directors, the Board of Directors shall at the first meeting held by it, appoint their substitute(s) who shall hold such offices until the next general shareholders’ meeting, at which the final appointment shall be made. The Director(s) so appointed by the Board of Directors shall hold their offices only for the remainder of the term of office of the Director(s) so replaced. While the Board of Directors does not appoint the relevant substitute(s), the alternate Director shall assume as regular Director. Should the position of alternate Director be also vacant, the same procedure described above for the appointment of the relevant substitute shall be followed.

Article Eleven. In spite of the foregoing, if Party A makes a written request for adjusting each specific credit margin after the conclusion of this Agreement, Party A shall obtain Party B's permission in writing. Party A's written request and Party B's response letter are both taken as the amendment to Article Three of this Agreement and have equal legal effect to this Agreement.

Article Eleven. Both parties agree that in case of any losses occurred in the Company in virtue of the second party management, either resulting from the negligence or mismanagement, the first party shall have the right directly manage in the Company's day to day operations without any objection from the second party from its staff in order to put an end to such losses and to discover the disorder situation, to rectify the management activity and duly conduct its business at the discretion of the first party either by making a replacement of the staff or appointing adequate staff.

Article Eleven. Waiver The second party may not waive its obligations contained in this agreement without the first party's written consent.

Article Eleven. The second party admit to choose selected domicile in the above-mentioned address in this contract and all notifications or correspondences which will be sent to the address stated in this contract are bound and producing legal effect. the second party shall notify the first party in case of changing his address, and also in case of not receiving any notifications the address declared to the first party will be the one dealt with according to what declared in this article.

Article Eleven. The term of this Contact

Article Eleven. Protection of Licenced Technology Section 11.01 Infringement 14 11.02 Validity 15 11.03 Grey Market Sales 15 11.04 Marking 15 11.05 Quality Control 15