PARAGRAPH ONE definition

PARAGRAPH ONE. The payment of fines and penalties set out in the clauses above shall not exempt LESSEE from solving any damage that it may perchance cause to the REAL PROPERTY.

PARAGRAPH ONE. The signing of separate agreements can account for other details regarding the exchange program. These agreements must be approved by the administration office of each institution or facilities concerned, following the specific rules of each institution.

PARAGRAPH ONE. For the effect of the provision in this Section, the concept of transfer within the same legal entity includes any transfer among the current shareholders and:

Examples of PARAGRAPH ONE in a sentence

• PARAGRAPH ONE OF ONE: The parties hereby agree to enter into Specific Agreements for each of the inter-institutional actions to be developed, respecting the laws of each country.

• S00042497, FOR ALL OR ANY PART OF THIS CREDIT UPON PRESENTATION OF YOUR DRAFT DRWAN ON US AT OUR OFFICE SPECIFIED IN PARAGRAPH ONE ON OR BEFORE THE EXPIRATION DATE HEREOF OR ANY AUTOMATICALLY EXTENDED EXPIRY DATE.

• WE HEREBY UNDERTAKE TO PROMPTLY HONOR YOUR SIGHT DRAFT(S) DRAWN ON US, INDICATING OUR CREDIT NO, U-810886 FOR ALL OR ANY PART OF THIS CREDIT UPON PRESENTATION OF YOUR DRAFT DRAWN ON US AT OUR OFFICE SPECIFIED IN PARAGRAPH ONE ON OR BEFORE THE EXPIRATION DATE HEREOF OR ANY AUTOMATICALLY EXTENDED EXPIRY DATE.

• PARAGRAPH ONE OF ONE: The Specific Agreements may forecast financial expenses, provided that they meet the statutory requirements of each institution.

• PARAGRAPH ONE: In the event that the corporation creates privileged shares, the preemptive right for their subscription may not be object of any exception, and their creation, issuance and regulation shall be ruled by the General Meeting of Shareholders.PARAGRAPH TWO: Likewise, the creation, issuance and regulation of industry shares shall be conducted by the Meeting of Shareholders.

More Definitions of PARAGRAPH ONE

PARAGRAPH ONE. In no case shall changes in the financial condition of the BUYER or SELLER constitute an Exculpatory Event under this Agreement. Neither BUYER nor SELLER shall be liable for failure to perform or for the imperfect fulfillment of all or any of its obligations set forth in this Agreement if such failure is caused by events constituting Force Majeure, Act of God or Exculpatory Event, duly evidenced. Force Majeure, Acts of God or Exculpatory Events do not discharge BUYER from its obligation to pay SELLER those invoices for the supply of crude that has been delivered by SELLER in accordance with the terms of this Agreement. The occurrence of any of the events specified in this Clause shall not in any way exempt or release the Parties from meeting their obligations contracted and / or caused prior to the occurrence of the events referred to in this Clause.

PARAGRAPH ONE. Under no circumstances shall LESSOR be responsible for any delay by District Companies in the installation of this or other services. _______________________________________________

PARAGRAPH ONE. The price determined through the aforementioned formula includes the different transport, handling, metering and transport tax costs payable by the SELLER, accrued up to the delivery of crude oil hereunder at the Points of Delivery; therefore, the BUYER shall make no further payments for the aforementioned concepts.

PARAGRAPH ONE. The nominal value of the credits is BRR 158,598,665.28 (One hundred fifty-eight million five hundred ninety-eight thousand six hundred sixty-five reais and twenty-eight centavos), representing the amounts contributed up to December 31, 2001.

PARAGRAPH ONE. The SUBTENANT is authorized, free of taxes, fine or charge, to grant, sublease or transfer the lease contract, whether in whole or in part, provided it is done to companies of the same economic group of which the SUBTENANT or its partners have a partnership or are part of it.

PARAGRAPH ONE. POSSIBLE EXPROPRIATION — In the situation of expropriation of the subleased property, the SUBLANDLORD and the CONSENTING PARTY shall be totally released from all the clauses hereof, except the SUBTENANT´s right of compensation from the Expropriation Power it may be entitled to.

PARAGRAPH ONE. If the annual report referred to above shows contamination harmful to human health or restricts the activities of the LESSEE, the LESSOR shall submit to the LESSEE, together with the report, the remediation plan prepared by Arcadis Logos. The LESSEE, within seven (7) days of receipt of these documents, may opt (i) to approve the remediation plan; or (ii) to terminate the AGREEMENT, without incurring any costs or fines.