Recitals Cláusulas de Ejemplo

Recitals. WHEREAS, MB Sports represents and warrants to Municipio that it has entered into an agreement with Baseball Expos, L.P. (“BELP”) which provides for the Montreal Expos to play 22 games of the Major League Baseball 2004 regular season (each, a “Game” and, collectively, the “Games”) in San Xxxx, Puerto Rico, as “Home” team. WHEREAS, in order to be able to conduct the Games in San Xxxx, Puerto Rico, MB Sports desires to lease the Xxxxx Xxxxxxx Stadium (including, without limitation, the playing field, dugouts, clubhouses, press box, press room, VIP tents, spectator seating areas, and the grounds and walkways immediately surrounding it, the “Stadium”) from Municipio and Municipio desires to lease the Stadium to MB Sports all on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements contained herein, the parties hereto do hereby represent, warrant, covenant and agree as follows: 1. Term. The term of this Agreement shall commence on the date hereof and shall expire at the end of the Use Period (as defined below). Except as provided in Section 12 below, the parties shall have no further obligations to each other hereunder following the expiration or termination of this Agreement. 2. Exclusive Use of Stadium. Subject to the provisions of this Agreement, during the period commencing on March 25th, 2004 and ending the day after the final Game (the “Use Period”), MB Sports and BELP shall have the exclusive right to use and occupy all parts of the Stadium, the Xxxxxx Xxxxxxxx Coliseum (as agreed upon by MB Sports and Municipio and in any event for use consistent with that given to the Xxxxxx Xxxxxxxx Coliseum during the 2003 Expos games) and the grounds and walkways surrounding the Stadium for the purpose of preparing for, promoting and conducting the Games and related activities (including hospitality and retail activities). Municipio shall, at its sole cost and expense, provide MB Sports, BELP and their respective representatives with access to a secured storage area at the Stadium commencing on the date hereof and ending on the final date of the Use Period. In furtherance of the foregoing, Municipio shall not, and shall not permit any other party to conduct or sponsor any other event or activity inside the Stadium, the Xxxxxx Xxxxxxxx Coliseum and the grounds and walkways surrounding the Stadium (except for the public library named “Estudia Conmigo” located in the parking area of the Stadium adj...

Recitals. On March 30, 2000, the Lending Institution granted the Borrower a -------- credit of up to US DOLLARS one hundred ten million (US$110,000,000) of which the principal balance of such credit is due and payable on the five (5) year anniversary of the date of the execution of the note with respect to the first disbursement of the borrowed funds. The Pledgor enters into this Pledge Agreement in order to secure all of the Borrower's obligations under the credit agreement, dated March 30, 2000, entered into by and between the Borrower and the Lending Institution (the "Credit Agreement"). Under the Agreements of Stock Intermediation number 49464 EE and number 49482 EE, dated March 27, 2000, the Borrower and the Pledgor, respectively, have deposited with Accival the certificates of shares of Series A common stock set forth on Annex 1 (the "Shares") of Grupo Industrial Durango, S.A. de C.V. ("GID") that constitute the pledge granted under this Pledge Agreement.

Recitals. Antecedentes: