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. ▇▇▇▇ ▇▇▇▇ 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 ▇▇▇▇ ▇▇▇▇ for any such post related to gaming, casino or gambling operation, site, corporation, company, partnership or other form of business or organization.

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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. The parties herein agree hereby that Top Sports and eConnect shall within a term not to exceed six (6) months as of the date hereof, organize, develop and operate an on-line electronic sportsbook to be sited if possible in the world wide web under the ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ electronic address, where bets for all types of sporting events shall be accepted; the infrastructure, physical base and logistics of such on-line electronic sports bookings shall be located at Top Sports premises in the Dominican Republic.

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.

• EACH OF THE JUNIOR CREDITORS AND EACH BORROWER 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 IN ANY COURT REFERRED TO IN PARAGRAPH (I) OF THIS SECTION.

• NOTE: ALL OTHER THIRD PARTY COSTS AND EXPENSES INCURRED (EXCEPT THOSE DESCRIBED IN PARAGRAPH IV BELOW) ARE NOT REIMBURSABLE AND ARE INCLUDED IN AGENCY'S TOTAL ANNUAL FEE SET FORTH IN PARAGRAPH I ABOVE.

• 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.

More Definitions of PARAGRAPH I

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.

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 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. Such coverage will be signed by an acceptable insurance management company. THE ADMINISTRATOR is not responsible for any damage or destruction of THE PROPERTY, including without limitation, damage to furniture, to computers, applications or any other property used or preserved in the building by the owner, unless it is caused by the negligence or misconduct of the Administrator. Any deductibles or related reinsurance claims against THE OWNER, are the sole responsibility of the latter. THE OWNER shall deliver the administering insurance certificates that authenticate that (i) the insurance coverages described above are completely covered, (ii) THE ADMINISTRATOR will receive a notice at least thirty

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

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 is understood that, if the term established by " THE CORPORATION " expires without " THE LESSEE " having exercised the option to purchase granted by " THE CORPORATION " then " THE CORPORATION will have the power to sell the building to another investor and "THE LESSEE " would lose the right to purchase, once " THE CORPORATION " has rescinded the lease contract, according to the clause established in the sixteenth Article.