Second Clause definition

Second Clause. AMOUNT OF THE CONTRACT.. The total amount of the present contract amounts $386.535.738 pesos including IVA tax. THIRD CLAUSE: WAY OF PAYMENT. The DIRECTION will pay to the CONTRACTOR the amount of the present contract in Santa Fe the Bogota within the 13 calendar days following the presentation of the respective commercial invoice, accompanied by the technical satisfaction receipt issued by the company, of the economic satisfaction receipt issued by Follow-Up And Control Process and once fulfilled the administrative and fiscal proceedings.

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Second Clause. Investment Currency

Second Clause. The leasing monthly price for the first twelve months, is seven million six hundred thousand pesos ($7.600.000), legal currency. The leasing monthly price - for the second twelve months -, is nine million pesos ($9.000.000), legal currency. These leasing prices shall be paid by the LESSEE, in every case, in legal currency, which the LESSEE explicitly promises to pay in its total amount, by anticipated monthly payments, on the first calendar day of each monthly period. Being it explicitly established that the monthly periods are not to be divided. THE LESSEE, is obliged to pay the prices of the rent, not only during the stipulated terms, but also, during the whole time period he keeps the real state property in his hands, on any basis, and while it has not been legally and completely restituted to the LESSOR; this restitution shall not be considered legally fulfilled, until the LESSOR has issued written evidence of its having been paid up, in which certification he declares that the LESSEE owes nothing, on account of rent, utilities, repairs of any kind they might be, as well as the -- end of 1st page = 7108019 -- Industry and Commerce tax. The price of the leasing ought to be paid, on the part of the LESSEE, at the following address: Cra. 35 No. 89 - 21 in this city.

Examples of Second Clause in a sentence

• Two (2) types of losses are considered: Identifiable Losses and Non – Identifiable Losses, defined in the Second Clause “Definitions” of this Manual.

• The Parties agree that, within the amounts referred to in the previous paragraph of this Second Clause, interest, commissions, expenses, or other sums (except for principal) that are caused by virtue of the same are not included.

• The members of the Board of Directors shall be responsible for the resolutions adopted in connection with the part 16 of the Twentieth Second Clause of these bylaws, except for the matter establish in Article 159 of the General Law of Mercantile Companies.

• The Effective Term of this Contract shall be subject to the provisions set forth in the Second Clause hereof.

• SECOND PARAGRAPH The incidence of the established in Sole Paragraph of Second Clause in the Contract is excluded.

• Any extension of the term established in the Second Clause must be agreed upon in writing between the parties prior to the termination of the aforementioned established term.

• Any programme prepared according to the Second Clause will only be realized after the appropriated resources have been allocated.

• Legislation has as a consequence the alteration of the ensured amount of energy and power of an independent producer, the Contract must be altered in a way to adapt the Contracted Electrical Energy to the new establishments of the Applicable Legislation, as mentioned in Fourth Paragraph of Second Clause Above.

• For purposes of clarity, the Parties recognize and agree that the provisions of the Second Clause, paragraphs (b) (Article 292 of the LGTOC) and (c) (Non-Revolving; Proportional Credit), and in the Third Clause, subsection (h) (Credit Denouncement), as well as all other Clauses established in this Agreement and not expressly contemplated in this Second Third Clause, will be applicable mutatis mutandis, as appropriate, to Tranche B.

• As a consequence of the agreement contained in the Second Clause hereof, the Thirty Ninth Clause of the agreement is modified to include “Exhibit “B Additional” and Exhibit DE-10A-1 that form part hereof.

More Definitions of Second Clause

Second Clause. The company agrees to allocate a 6.0% increase to the daily tabulated salaries per man and per legal workday, which will be applied to all unionized personnel as of 00:01 hours on February 11, 2020. Second Clause: The company agrees to allocate a 6.0% increase to the daily tabulated salaries per man and per legal workday, which will be applied to all unionized personnel as of 00:01 hours on February 9, 2021. Second Clause: The company agrees to allocate a 7.5% increase to the daily tabulated salaries per man and per legal workday, which will be applied to all unionized personnel as of 00:01 hours on February 11, 2022. Second Clause: The company and the Coaligados agree to allocate a 7.0% increase to the daily tabulated salaries per man and legal workday, which will be applied to all unionized personnel as of 00:01 hours on February 11, 2023. Third Clause: The company will grant a one- time payment of $500 MXN net to each worker without setting a precedent. Third Clause: The company will grant a one- time payment of $500 MXN net to each worker without setting a precedent. Third Clause: The company will grant a one- time payment of $500 MXN net to each worker without setting a precedent. Third Clause: The company agrees to pay the Treasury of the Local Executive Committee of the Union a one-time lump-sum payment of $50,000 MXN as conflict expenses.