ELEVENTH CLAUSE definition

ELEVENTH CLAUSE. All correspondence referred to in this instrument will be made via facsimile or letter with proof of receipt addressed to: SELLERS: Xx. Xxxxx Xxxxx Xxxxxxxx Xxxxx Xxx Xxxx Xxxxx Xxxxxx, n(0) 207, 8(0) andar CEP 01423-000, Sao Paulo, Brasil Fax: 00 (00) 000-0000 PURCHASER: Xx. Xxxxxxx St, Laurent III Xxx X, x/x, Xxxxxx Xxxxxxxxxx X, Xxxxx 0/00 XXX 45650-000, Ilheus, Bahia, Brasil Fax: 00 (00) 000-0000 FIRST PARAGRAPH - The correspondence will be considered as received with the proof of the fax transmission or proof of receipt. TWELFTH CLAUSE - In the event that there should occur any fact which might prevent the execution of the transfer of STOCKS and/or SHARES ENTITLED BY THE SELLERS to the PURCHASER, they are obligated to communicate this fact, within 30 (thirty) days as of the DATE OF SETTLEMENT, to the SELLER, indicating, in writing, to what entity, person or business, the STOCKS and/or SHARES ENTITLED BY THE SELLER should be transferred, which the SELLERS expressly agree to. THIRTEENTH CLAUSE - The present instrument is signed and is irrevocable and irretractable, obligating the parties, their heirs and successors. FOURTEENTH CLAUSE - Any dispute, controversy or demand arising from this contract will be resolved by a Arbitration Court, in the City of Sao Paulo, which should follow the Rules of Conciliation and Arbitration of the International Chamber of Commerce ("Rules of Conciliation and Arbitration of the International Chamber of Commerce - ICC").
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ELEVENTH CLAUSE. INDEMNITY: The EXECUTING ENTITY undertakes to indemnify, defend and hold PROMIGAS, its directors, partners, employees, successors and assignees (hereinafter the "Indemnified Party"), harmless and free from liability, for, including without limitation, any claim, demand, requirement of any person or authority, loss, lawsuit, administrative or judicial proceeding, seizure, payment, judgment, settlement, penalties, fines, enforcement of policies, expense (including, but not limited to legal fees and other legal costs), prejudice, damage, including consequential damages and loss of profits, indirect or consequential damages, moral damages, physiological damages, punitive damages, which have been, or are alleged to have been, directly or indirectly caused or contributed, in whole or in part, to any action or omission, slight, very slight or serious fault, fraud, of an active or passive nature, or caused by or on account of the performance of the obligations hereof or breach of the obligations undertaken hereunder, by the EXECUTING ENTITY or its agents, subordinates, employees, subcontractors or persons who are employed or under the responsibility of the EXECUTING ENTITY. TWELFTH CLAUSE: ANTI-BRIBERY AND ANTI-CORRUPTION COMMITMENT. COMMITMENT TO ETHICS. BUSINESS TRACEABILITY. CONFLICTS OF INTEREST. COMPLIANCE WITH THE PROVISIONS OF BUSINESS ETHICS OF PROMIGAS IN ACCORDANCE WITH THE PROVISIONS OF THE LAW AND THE STANDARDS OF THE LAW “FOREIGN CORRUPT PRACTICES ACT (FCPA)”, AND FULFILLMENT OF RULES ON PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING (ML/FT) AND INFORMATION SECURITY.
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ELEVENTH CLAUSE. OBLIGATIONS BY THE SOCIAL WELFARE. SOCIAL WELFARE undertakes to:
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Examples of ELEVENTH CLAUSE in a sentence

  • ELEVENTH CLAUSE: The Shareholders Register, the details to be stated on share certificates and the procedure in the case of lost or mislaid certificates, shall comply with the pertinent legal rules and regulations.

  • In the case of no resolution of the no fulfillment in that period, the reliable part could ask the intervention of the Arbitration Judge in the terms of the ELEVENTH CLAUSE or ask for the resolution of the contract.

  • ELEVENTH CLAUSE: VALIDITY The present Academic Agreement Interinstitutional Framework will enter into force as of the date of its subscription by legal representatives of both institutions and will have a duration of five (5) years, and may be renewed by means of a similar document according to convenience and previous evaluation of the parties.

  • ARE THE EVENTS INDICATED IN THE ELEVENTH CLAUSE OF THIS AGREEMENT.

  • Any materia l deviatio n t o th e standard s shal l be cause fo r immediat e terminatio n o f thi s Agreement by th e Offic e as provide d i n th e ELEVENTH CLAUSE.


More Definitions of ELEVENTH CLAUSE

ELEVENTH CLAUSE. ADMINISTRATIVE CADUCITY: As for the caducity and its effects the present contract will be submitted to the provisions of Article 18, law 80 of 1993. Likewise, is causal of caducity to incur by the CONTRACTOR in any of the conducts indicated in Articles 2 and 3 of Decree 1875, 1992, Article 82, law 104, 1993 and in the events in which a representative by the CONTRACTOR may hide or collaborate in the payment for the release of an official or employee of the company who is kidnapped or when the CONTRACTOR pays amounts of money to extortioners. In the case of declaration of caducity of the contract, it will be done through resolution by the Administrative and Financial Direction of the National Police, in which the causes of it are explained. Such decision will be notified in the same way previously indicated for the fine and against it will proceed the reinstatement recourse, and the CONTRACTOR shall support it within the five (5) days following the notification. Once In firm the resolution that decrees the administrative caducity, this contract will become definitely terminated and the CONTRACTOR will not be entitled to claim any indemnification.
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ELEVENTH CLAUSE. No partner can give or transfer any of his shares to the other partner or to third parties which are associated to the present partners, without the previous written authorization of the partner representing the majority of stockholders' equity, and that partner will have the priority to purchase the shares, in the same conditions and in proportion to participation in the stockholders' equity. The right of priority will be in effect for 30 (thirty) days. 1ST SUB-CLAUSE: Entry of new partners which are not part of the economic grouping to which belong the present partners, will only be permitted by consent of the partners representing the totality of stockholders' equity.
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Related to ELEVENTH CLAUSE

  • Additional Clauses means the additional Clauses specified in paragraph 2.1 of Annex A to this Contract that were requested in the Order by the CUSTOMER and that shall apply to this Contract.

  • Model Clauses means the standard contractual clauses annexed to the EU Commission Decision 2010/87/EU of 5 February 2010 for the transfer of Personal Data to Processors established in third countries under the EU Directives and any amendment, replacement or renewal thereof by the European Commission.

  • Due-on-sale clause The clause in a Security Instrument requiring the payment of the Unpaid Principal Balance of the related Mortgage Loan upon the sale of, or the transfer of an interest in, the related Mortgaged Property.

  • Deemer clause means a provision under this title under which upon the

  • EU Model Clauses means the (Standard Contractual Clauses (processors)) or any subsequent version thereof published by the European Commission (which will automatically apply). The Standard Contractual Clauses current as of the effective date of the Agreement are attached hereto as Appendix 4.

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Alternative Clauses means the alternative Clauses specified in paragraph 2.2 of Annex A to this Contract that were requested in the Order by the CUSTOMER and that shall apply to this Contract.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Letter of Offer means any letter, commitment, arrangement or agreement between us and you in relation to the facility. We may revise, add to, vary or replace the letter of offer from time to time.

  • Acquisition and Construction Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Loan Terms means and refers collectively to (a) all the terms and conditions set out in the Application Form, (b) these General Terms and Conditions, and (d) all terms and conditions specified in the other Loan Documents.

  • Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance document, such Loss Payable Clauses to be in the forms set out in paragraph 4 of this Schedule, or such other form as the Bank may from time to time agree in writing;

  • Original construction ’ shall mean the first or initial construction

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • General Conditions means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006).

  • Description of Notes means the “Description of the Notes” section of the Final Offering Memorandum.

  • Clause means a clause of this Agreement;

  • Acceptance of offer means issue of letter of intent/award or memorandum or detailed Order/Contract communicating the acceptance of offer, to the successful Tenderer.

  • Annexure F means, if applicable to the Product or the subject matter of this Agreement and read conjunctively with the Contractor’s obligations in terms of the Consumer Protection Act, the express warranties provided by the Contractor in relation to the Product.

  • 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.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • 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.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Part III means Tariff, Part III, sections 28 through 35 pertaining to Network Integration Transmission Service in conjunction with the applicable Common Service Provisions of Tariff, Part I and appropriate Schedules and Attachments.

  • General Conditions of Contract means the ‘Instructions to Tenderers’ and ‘General Conditions of Contract’ pertaining to the work for which above tenders have been called for.