CLAUSE FIVE definition

CLAUSE FIVE. For purposes of this agreement, deductible costs shall be the following:
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CLAUSE FIVE. The parties set forth that the repayment will be subject to the condition precedent mentioned in clause Three, making sure that in the event that the initial public offering (IPO) does not occur, the terms and conditions will be renegotiated for partial payment of the amounts contained in this Agreement.
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CLAUSE FIVE. CONCESSIONAIRE shall report to DAC the results of the operations by submitting statistic-financial reports, on a monthly basis, according to the rules established by DAC. SOLE PARAGRAPH - In addition to the monthly report provided for herein, DAC may request CONCESSIONAIRE to submit annual, periodic or special statistical and financial reports regarding its operations, in which case it shall provide for instructions on how such reports are to be prepared. It may additionally require from CONCESSIONAIRE to submit a true copy of any agreement, covenant or understanding to which it was a part. CLAUSE SIX - Upon the execution hereof CONCESSIONAIRE shall be required to prove the payments made to the Social Security System and to the Employee's Severance Fund (FGTS), and shall be in full compliance therewith at all times thereafter, DAC being entitled to request such payment proof at any time. CLAUSE SEVEN - CONCESSIONAIRE shall be required to prove its compliance with the Public Finances by showing the Certificate of Non-Existence of Taxes and Federal Contributions, and the Union Active Debt Payment Certificate, upon the execution hereof. CLAUSE EIGHT - CONCESSIONAIRE shall be bound to abide by the rights of those using the services hereunder, pursuant to art. 6, Law # 8078/90, without prejudice of the rules provided for in the Brazilian Code of Aeronautics and supplementary laws on such legal matter, and, in case of international public air transportation, of the provisions in the relevant Treaties and Conventions. CLAUSE NINE - CONCESSIONAIRE shall be bound to contribute to the AIR TRANSPORTATION FUND and maintain the proper records of such contribution, DAC being entitled to require the corresponding payment proof. CLAUSE TEN - DAC shall, from time to time and by means of agents duly accredited by the General Director, generally audit the CONCESSIONAIRE accounts regarding the airlines hereunder. CLAUSE ELEVEN - Regardless of such audits, DAC auditors shall be allowed to access CONCESSIONAIRE's accounting records at any time to inspect any air service related account hereunder or of the corresponding document.
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Examples of CLAUSE FIVE in a sentence

  • GRANTING CLAUSE FIVE [OPTIONS TO PURCHASE, ETC.] TOGETHER WITH, all right, title and interest of Trustor in and to all options and other rights to purchase or lease the Property or any portion thereof or interest therein, if any, and any greater estate in the Property owned or hereafter acquired by Trustor.

  • G., Ciancaglini, V.: Enabling real-time TV services in CCN networks.

  • GRANTING CLAUSE FIVE All awards or payments, including interest thereon, which may heretofore and hereafter be made with respect to the Real Property, or any part thereof, whether from the exercise of the right of eminent domain (including but not limited to any transfer made in lieu of or in anticipation of the exercise of said right), or for a change of grade, or for any other injury to or decrease in the value of the Real Property.

  • CLAUSE FIVE: The present agreement does not affect the continuity of the contentious process before the Inter-American Commission on Human Rights, case No. 12.094.”103 The petitioners have not mentioned nor contested this agreement in their subsequent communications to the IACHR.

  • For these OSS companies, market size is more important than market-share, and the rules of competition have to do with brand management and customer service.

  • NEIVA DE LIMA - 264 quotas totaling Cr$264,000.00; TOTAL - 2,000 quotas totaling Cr$2,000,000.00 CLAUSE FIVE.

  • MANAGEMENT CLAUSE FIVE The company shall be managed by a Board of Directors consisting of three (3) memb rs, with an indeterminate term of office, who will have full powers to manage the company's business, two of which shall be appointed by the partner TEVECAP - COMERCIO E PARTICIPACOES LTDA.

  • HONORARY PRESIDENT AND VICE – PRESIDENTS CLAUSE FIVE – FINANCE 9 CLAUSE SIX – FINAL PROVISIONS 9 CLAUSE ONE - DEFINITIONS IFESInternational Fellowship of Evangelical StudentsStudentIFES affirms ministry to high school students.

  • CLAUSE FIVE – FINANCE 9 CLAUSE SIX – FINAL PROVISIONS 9 CLAUSE ONE - DEFINITIONS IFESInternational Fellowship of Evangelical StudentsStudentIFES affirms ministry to high school students.

  • CLAUSE FIVE – PERIOD OF VALIDITY AND DEADLINES SUB‐CLAUSE ONE – This Contract shall be valid for 2 (two) months starting from the date of its signature.


More Definitions of CLAUSE FIVE

CLAUSE FIVE. EMPLOYER shall grant a monthly advance corresponding to 40% (forty percent) of the fixed salary on a date it will establish.
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CLAUSE FIVE. PROVISION OF CAB LESHIPS AND DEPOT(S) Clause 5(b) shall be amended to read:
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Related to CLAUSE FIVE

  • Clause means a clause of this Agreement;

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

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

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • EU Standard Contractual Clauses means: (i) the standard contractual clauses adopted by the European Commission on 4th June 2021 or (ii) such other standard contractual clauses that are approved by the European Commission for Controller to Processor transfers of Personal Data to a third country which has not received an EU Adequacy Decision (and are subsequently incorporated into the DPA). GDPR means the EU General Data Protection Regulation being Regulation (EU) 2016/679.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Monthly Recurring Charge refers to the sum that the Requesting Licensee shall pay for the service on a monthly basis computed from the beginning of the month as specified in Schedule 15;

  • 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).

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

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

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Floating Charge means a charge that, as created, was a floating charge;

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Framework Price(s) means the price(s) applicable to the provision of the Services set out in Framework Schedule 3 (Framework Prices and Charging Structure);

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • Market Disruption means any of the following events or situations if, in the determination of the Calculation Agent, any of these is material to the valuation of a Reference Item or any Hedging Arrangements of the Issuer in relation to the Securities provided that any Market Disruption in respect of a Relevant Reference Item shall be deemed to be a Market Disruption in respect of the related Reference Item:

  • Standard Contractual Clauses means the clauses attached hereto as Exhibit 1 pursuant to the European Commission’s decision (C(2010)593) of 5 February 2010 on Standard Contractual Clauses for the transfer of personal data to processors established in third countries which do not ensure an adequate level of data protection.

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Applicable Business Day Convention means the “Business Day Convention” which may be specified in the Final Terms as applicable to any date in respect of the Instruments. Where the Final Terms specifies “No Adjustment” in relation to any date, such date shall not be adjusted in accordance with any Business Day Convention. Where the Final Terms fails either to specify an applicable Business Day Convention or “No Adjustment” for the purposes of an Interest Payment Date or an Interest Period End Date, then in the case of Instruments which bear interest at a fixed rate, “No Adjustment” shall be deemed to have been so specified and in the case of Instruments which bear interest at a floating rate, the Modified Following Business Day Convention shall be deemed to have been so specified. Different Business Day Conventions may apply, or be specified in relation to, the Interest Payment Dates, Interest Period End Dates and any other date or dates in respect of any Instruments.

  • Extraordinary Event means a Merger Event, Tender Offer, Nationalisation, Insolvency or Delisting, as the case may be.

  • 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.

  • Clause B Distribution shall have the meaning specified in Section 14.04(c).