Class Notes. Reformation of Contracts:** Article 1359 – Accord evidence proving contract doesn’t reflect real intention due to error/fraud. – **Fortuitous Event Doctrine:** Article 1174 – Lists conditions for fortuitous events to exempt liability. – **Novation:** Article 1292 – No novation without consent and new obliteration contract for original.
Class Notes means the [ ]% Asset Backed Notes, Class [ ], substantially in the form of Exhibit A to the Indenture.
Class Notes means the Class [●] Notes of all Series, or, if the context so requires, the Class [●] Notes of the relevant Series]; [“Clearstream, Luxembourg”] means Clearstream Banking, société anonyme;
More Definitions of Class Notes
Class Notes. Key Concepts**: Contract of Sale, Joint Venture, Novation, Good Faith Purchase – **Statutory Basis**: Civil Code Articles 1370 (contract interpretation), 1292 (novation), 1458 (contract of sale elements). – **Application**: Demonstrates how novation can extinguish prior contractual arrangements if new obligations are incompatible, requiring explicit consent.
Class Notes. Key Elements or Concepts: – **Assumption of Obligations:** When a party agrees to take over all debts and liabilities of another entity. – **Real Party in Interest:** As defined in Rule 3, Sec. 2 of the 1997 Rules of Civil Procedure, is a party entitled to the benefits of the suit. Contracts for the benefit of creditors made without their knowledge but affecting their claims can nonetheless be enforced by them. – **Fraud Protection:** Article 1381 of the Civil Code protects creditors from transfers intended to defraud them. – **Novation:** Defined under Article 1291 and Article 1293 of the Civil Code; change of debtors cannot prejudice original creditors without their consent.
Class Notes. Key Elements:
Class Notes. The Class [ ] Notes issued under this Indenture.
Class Notes. The trust fund doctrine protects corporate creditors by ensuring that the capital stock remains available to satisfy debts. Subscriptions to the capital are considered equity in trust for this purpose, and directors may not release or reduce this trust fund without a valid cause, consent, and adherence to statutory procedures.
Class Notes means the Class [__] Notes, the Class [__] Notes, the Class [__] Notes and the Class [__] Notes.
Class Notes means the Group I Class [ ] Notes and the Group II Class [ ] Notes.