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

  • The rate of return also appears to be high (20% and 47%), way higher than any return rate one could obtain throughprivate banking.

  • 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.

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

Related to CLAUSE FIFTEEN

  • Clause means a clause of this Agreement;

  • Paragraph 3 The use of new instructional materials and classroom presentations that may involve controversial issues should be planned by the individual teacher and discussed with the department chairman and the building principal before they are initiated in the classroom.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Market Disruption Event means, for the purposes of determining amounts due upon conversion (a) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (b) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock.

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • subclause means subclause of the Clause in which the term is used;

  • FX Market Disruption Event means each of the following events:

  • Section 3 means Section 3 of the Housing and Urban Development Act of 1968.

  • Section 11(a)(ii) Event means any event described in Section 11(a)(ii) hereof.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Clauses means this Addendum, incorporating the Addendum EU SCCs;

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Maximum daily discharge limitation means the highest allowable “daily discharge.”

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

  • Section 2 Nonresident BIDDER" means a BIDDERS whose principal place of business is not in this state, but excludes a contractor whose ultimate parent company or majority owner has its principal place of business in this state.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Paragraph 2 A committee of teachers representing all buildings and curriculum areas and working in cooperation with the district leadership team shall be formed prior to the end of the school each year to plan the in-service activities for the next school year.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Index Replacement Event means each of the following events:

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • Paragraph means a portion of this Consent Decree identified by an Arabic numeral.

  • Threshold Event Cure shall have the meaning assigned to such term in Section 5(g).