Article Thirteen definition

Article Thirteen. Either party is not responsible for any penalties if this Agreement is terminated pursuant to Article Nine or Ten.

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Article Thirteen. Party B may refuse to make available to the Borrower any funds otherwise due to be paid to borrower under the Loan Contract for Entrusted Loan if Party A fails to deposit the required funds in the Special Fund Account for Entrusted Loan. In the event that Borrower fails for any reason to make a required payment of principal or interest to Party B, then Party B shall not be required to make any payment of such amounts otherwise due to be paid to Party A under the Loan Contract for Entrusted Loan, and the provisions of Article 8 above shall apply.

Article Thirteen. SECURITY AND PLEDGE OF COLLATERAL SECTION 1301. Grant of Security Interest............................. 102 SECTION 1302. Delivery of Exchange Property..........................

Examples of Article Thirteen in a sentence

• Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section 1302 notwithstanding the prior exercise of its option under Section 1303.

• Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section 13.2 notwithstanding the prior exercise of its option under Section 13.3 hereof.

• Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section 1302 notwithstanding the prior exercise of its option under Section 1303 with respect to the Securities of such series.

• The obligations of the Subsidiary Guarantors to the Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantee and the Indenture are expressly set forth in Article Thirteen of the Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary Guarantee.

• Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section 13.2 notwithstanding the prior exercise of its option under Section 13.3 hereof with respect to the same series of Securities.

More Definitions of Article Thirteen

Article Thirteen. Should "DEPOSITOR" not exercise its stock purchase option no later than October 30, 1999, the deposits delivered to "STOCKHOLDERS" aforementioned in Article Six of this Agreement, and the real and personal property comprising THE PLANT shall remain with the latter as payment of rent accrued during the time same were operated and exploited by "GISALAMO, S.A. DE C.V."

Article Thirteen. The Board of Directors shall represent the Bank, both in and out-of-court and in order to achieve the corporate purposes, all of which shall not be necessary to prove before third parties. The Board of Directors shall be vested with all management, administration, and disposal powers that the law or these bylaws do not exclusively vest in the General Shareholders’ Meetings without being necessary to grant any special power of attorney to it, even for the performance of such acts or the execution of such agreements for which the laws require to do so. The foregoing does not preclude the Bank’s legal representation entrusted to the General Manager who is legally vested with the powers set out in both paragraphs of Section 7 of the Code of Civil Procedure and shall be entitled to speak at the meetings of the Board of Directors, and shall be liable along with the members of the Board of Directors for all agreements entered into to the detriment of the Bank and the shareholders, provided his dissenting opinion has not been recorded in the Minutes of the Meeting. The Board of Directors may delegate part of its powers to the Managers, Assistant Managers or Lawyers of the Bank to one Director or committee of Directors and for particularly specified purposes, to any other individuals.

Article Thirteen. The second party undertakes to not burden its Company by any mortgage, security, guarantee or loans without the prior written agreement of the first party.

Article Thirteen. Notwithstanding the means of security agreed on in this Agreement as the foregoing, when conducting specific transaction, Party B has the authority to request Party A to provide other security if Party B thinks necessary and Party A shall not refuse affording other security on the ground that it is settled on security in this Agreement.

Article Thirteen. [INTENTIONALLY OMITTED].......................................................................60 ARTICLE FOURTEEN: [INTENTIONALLY OMITTED].......................................................................60 ARTICLE FIFTEEN: DEFEASANCE AND COVENANT DEFEASANCE.............................................................61

Article Thirteen. Vacancies in the System Page 15 Article Fourteen: Meal Periods Page 16‌ Article Fifteen: Part-Time Employment Page 16 Article Sixteen: School Year Calendar Page 17

Article Thirteen. The contract shall come into effect (√ ) from the day when both parties sign it ( ) from the day_____________.