PARAGRAPH I definition

PARAGRAPH I. It is agreed by the parties that all gaming, casino, and gambling related sites, corporations, companies, partnerships or other forms of business or organizations and operations, virtual, physical or real, based either in the U. S. or abroad, created, set up, developed, maintained spun off, owned, leased, operated, partially or wholly, by eConnect Inc. and/or in which eConnect Inc. has or will have a controlling interest, will be headed and chaired by Mr. Xxxx Xxxx in the capacity of President and C. E. O.; in that order Econnect Inc. has the obligation to nominate and support in any voting process pertaining to the execution to this article, the candidacy of Xxxx Xxxx for any such post related to gaming, casino or gambling operation, site, corporation, company, partnership or other form of business or organization.

PARAGRAPH I. It has been expressly agreed between the parties that the assets given in collateral will remain in the same place as indicated and they may not be transferred without previous written approval FROM "THE BANK", unless it is due to force majeure due to their preservation, in which case "THE DEBTORS" should notify "THE BANK" in writing within the next forty-eight (48) hours about any type of shortage, loss or any other variation that is produced with the assets given ass collateral in virtue of this agreement. It has been expressly agreed that under such assumptions "THE DEBTORS" are bound to produce a real subrogation that fully substitutes the shortage of the security. It is understood that the provisions f this article do not imply in any way authorization from "THE BANK" to "THE DEBTORS" so that without their consent they can make free use of the assets given as collateral, as this faculty is stipulated, not in its benefit, but as protection of the interests of "THE BANK".

PARAGRAPH I. It has been agreed by the parties that, in the case of a law posterior to the date of this agreement was approved and put into effect by the competent authorities, that permits

Examples of PARAGRAPH I in a sentence

• A PERPETUAL EASEMENT FOR EMERGENCY EGRESS, FOR THE BENEFIT OF PARCEL 1, PURSUANT TO THE TERMS AND PROVISIONS CONTAINED IN PARAGRAPH I OF A CERTAIN HOTEL EASEMENT AGREEMENT DATED SEPTEMBER 30, 1985 AND RECORDED SEPTEMBER 30, 1985 AS DOCUMENT NO.

• THE PLEDGOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (I) OF THIS SECTION.

• Access Services to be Offered ----------------------------- This PARAGRAPH I sets forth the manner in which Switched Access Services and Dedicated Access Services (the "ACCESS SERVICES") shall be provided by Sprint to the Company under the terms of the Agreement, subject to the Rates and Charges set forth in PARAGRAPH V hereof and the Tables attached thereto.

• These required total minimum limits of liability may be satisfied with primary limits or any combination of primary and umbrella/excess limits.Contractor’s Pollution Liability insurance with minimum limits of liability of $1,000,000 $ each claim.insurance with minimum limits of $1,000,000 $ .ONLY PARAGRAPH I.

• STUDENT DRIVER MUST COMPLETE THE FOLLOWING PARAGRAPH: I, , an Oakwood student enrolled in grade hereby agree and promise that at all times while traveling to and from the DACC campus, I shall operate the vehicle in a safe manner and in compliance with the Illinois Motor Vehicle Code and all other applicable laws.

More Definitions of PARAGRAPH I

PARAGRAPH I. THE BANK" shall have the option at the expiration of the period indicated in this article for the payment of the debt, and subject to the existing availability, of restructuring the loan at long term, under the conditions that will be agreed by the parties in a term of no more than 60 days before such expiration date. In the event that "THE BANK" decides not to renew this contract, it shall so notify "THE SOLIDARY CO-DEBTORS" thirty (30) days prior to the expiration of the loan.

PARAGRAPH I in the event that for any reason of force majeur, the payments made in Dominican pesos, the same shall be converted from pesos to US dollars, through the calculation of the rate of sale of dollars to the public existing in the private market of foreign currency of Santo Xxxxxxx. If there is no open quote for the purchase-sale of the US currency in the private market of exchange of Santo Xxxxxxx, the conversion shall be made in such manner that the amount paid in other currency or considered as owed by virtue of this contract be enough in order that according to the standard banking procedures, "THE BANK" may buy the necessary US dollars to cover the sum owed in the exchange market of New York or any international exchange market. Is the amount so purchase is less than the sum originally owed in the currency in which the loan has been granted, "THE SOLIDARY CO-DEBTORS" agree to indemnify "THE BANK" against the loss and if the amount in dollars so purchased exceeds the sum originally owed to"THE BANK", this latter convenes to reimburse "THE SOLIDARY CO-DEBTORS" such excess.

PARAGRAPH I. ECONNECT, INC. formally resigns to any pretension or claim related to benefits, gains, commissions, dividends, valuables, movable and immovable properties that have been realized, generated, gained or acquired by Top Sports, S.A., previous to the date of subscription of this Contract;

PARAGRAPH I. PREPAYMENT OF FIVE (5) YEARS OF RENT. " THE LESSEE " pays " THE CORPORATION ", at the moment of signing this contract, the sum of TWO HUNDRED NINETY-FOUR THOUSAND SEVEN HUNDRED THIRTY-NINE U.S. DOLLARS WITH 80/100 CENTS (US$294,739.80) or its equivalent in national currency at the rate of exchange of the Banco Central, as prepayment of the first five (5) years of rent of this lease as follows:

PARAGRAPH I. It is expressly convened by both parts, that the value of the buildings, as time passes could be re-evaluated by " THE CORPORATION ", and in consequence " THE LESSEE ", will be notified of the results of the new appraisals, binding " THE LESSEE " to pay the increase of the premium, as the value of the insurance policy increases to the real value of the buildings indicated in the contract.

PARAGRAPH I it is expressly convened that " THE CORPORATION " will charge "THE LESSEE" for these services every month, the sum of TWO CENTS OF U.S. DOLLARS (US$0.02) per square feet, or its equivalent in Dominican pesos at the official rate at the moment of the payment, from the 1ST OF JUNE, 2004, which is accepted by " THE LESSEE ", promising to pay the above mentioned services monthly and without any delay, it is understood that the price of these will be checked by " THE CORPORATION " for purposes of adjustment, by mutual agreement with " THE LESSEE ". Likewise both parts understand that this payment is a supplement to the payment of the monthly rent expressed in the THIRD ARTICLE of this contract.

PARAGRAPH I it's been expressly agreed, that " THE CORPORATION " will neither authorize nor recognize any type of investment " THE LESSEE " makes on the building of the present contract if it does not have the previous approval of " THE CORPORATION ". It is understood that any modifications, alterations or construction that does not rely on the authorization of " THE CORPORATION ", previously indicated, the same one will be considered by " THE CORPORATION " for the purposes of payment of lease and multiple services on the part of " THE LESSEE ", adding it to the original area of the rented places; but the above mentioned investment will not be recognized.