RE Contract definition
Examples of RE Contract in a sentence
In case of New Investment, the Parties shall enter into a new RE Contract at the option of the RE DEVELOPER, subject to approval of the DEPARTMENT.
The registration shall be valid and effective for the entire term and effectivity of this RE Contract.
The RE Contract shall not be amended or modified in any respect except by the mutual consent in writing of the Parties.
All obligations, payments and expenses arising from or incidental to the acquisition of such rights shall be for the account of the RE DEVELOPER so as to enable the RE DEVELOPER to have ingress into and egress from the Contract Area and to perform all Hydropower Operations in accordance with this RE Contract and in consideration of which, entitlement to such rights shall be held in trust in favor of the RE DEVELOPER.
Upon execution of this RE Contract, the RE DEVELOPER shall pay the DEPARTMENT a signing fee in the amount of ________________ PESOS (Php __________________).
Upon the Effective Date of this RE Contract or upon the approval of the RE DEVELOPER’s Additional Investment, the DEPARTMENT shall issue a Certificate of Registration to the RE DEVELOPER, to enable it to avail of the fiscal and non-fiscal incentives and privileges as stated under the Act and its IRR.
The RE DEVELOPER shall pay the unutilized amount of the training commitment prior to the Expiration or Termination of this RE Contract.
Any dispute, controversy or claim arising out of or relating to this RE Contract, except Section 14.1.a hereof, shall be settled amicably within a period of sixty (60) days after receipt by one Party of a notice from the other Party of the existence of the dispute.
Failure to submit Declaration of Commerciality and corresponding supporting documents to the DEPARTMENT within the Pre-Development Stage shall result in automatic termination of the RE Contract.
The right to arbitrate disputes under this RE Contract shall survive the Expiration or Termination of this RE Contract.