CLAUSE FIFTEEN definition

CLAUSE FIFTEEN. This agreement shall be governed by the conditions agreed herein and the respective Attachments, which are an integral part of the agreement and, to complement the same, by the laws governing similar business relations to those referred to in this instrument in the State of New York, United States of America. Notwithstanding other provisions in this instrument, during the term of same, this instrument herein as well as its attachments may be modified by agreement between the parties. Any modification to this agreement or to its attachments whatsoever shall be made in writing and signed by both parties. The parties shall be able to periodically review this agreement and its attachments with the purpose of improving, simplifying, regulating and adapting its provisions.
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CLAUSE FIFTEEN. ADMINISTRATION CLAUSE. Administration of the contract shall be carried out by the International Trade Management.
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CLAUSE FIFTEEN. Partial invalidity: The invalidity or illegality declared by competent authority of any of the stipulations of this agreement will not affect the validity, legality and enforceability of the remaining stipulations that may be separated from those declared null and void. CLAUSE SIXTEEN: Applicable law: The parties are subject to the laws of the Republic of Guatemala for the interpretation of this Share Transfer and Endorsement Contract.
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Examples of CLAUSE FIFTEEN in a sentence

  • A., thus meeting its information duty and discharging the compliance with the provisions in CLAUSE FIFTEEN of the Agreement.

  • CLAUSE FIFTEEN — If the Granting Power decrees rationing, the contract liabilities will be governed by the legislation in force and the COMMERCIALIZATION RULES.

  • CLAUSE FIFTEEN – TERMS OF PAYMENT – The principal amount shall be repaid in seventy-two (72) monthly and consecutive installments, the first one maturing on July 28, 2006 and the last one on June 28, 2012; [sic]the Notary waived the presence of witnesses, as allowed by Art.

  • The date of the START UP CERTIFICATE will be used for purposes of applying the penalty in the event of delay, CLAUSE FIFTEEN - BONUS AND PENALTY.