Common use of France Clause in Contracts

France. A subsidiary of IVS France S.a.S. (“+39 SCI ”) is party to a finance lease agreement in the amount of approximately €8.3 million dated as of 13 July 2010 by and between IVS France S.a.S., +39 SCI , Sogébail and Xxxxxxx, two French mortgage credit institutions, concerning the construction and eventual rent of a new site in Argenteuil (Val-d’Oise) outside Paris. As part of the finance lease agreement, Sogébail and Finamur pre-funded construction expenses for the new site. +39 SCI commenced paying rent on the new premises on 1 November 2011. The duration of the finance lease agreement is until 31 October 2026. At maturity of the lease, +39 SCI will have the option to acquire the site from Sogébail and Finamur for the amount of €1.2 million. The interest rate on the amounts disbursed by Xxxxxxxx and Xxxxxxx is set at three month EURIBOR plus a margin.

Appears in 2 contracts

Samples: Admission to Negotiations and Start of Conclusion Phase of Conditional Contracts, Domesticmot Inizio Negoziazioni Obbligazioni

France. A subsidiary of IVS France S.a.S. (“+39 SCI ”) is party to a finance lease agreement in the amount of approximately Euro 8.3 million dated as of 13 July 2010 by and between IVS France S.a.S., +39 SCI , Sogébail and Xxxxxxx, two French mortgage credit institutions, concerning the construction and eventual rent of a new site in Argenteuil (Val-d’Oise) outside Paris. As part of the finance lease agreement, Sogébail and Finamur pre-funded construction expenses for the new site. +39 SCI commenced paying rent on the new premises on 1 November 2011. The duration of the finance lease agreement is until 31 October 2026. At maturity of the lease, +39 SCI will have the option to acquire the site from Sogébail and Finamur for the amount of Euro 1.2 million. The interest rate on the amounts disbursed by Xxxxxxxx and Xxxxxxx is set at three month EURIBOR plus a margin.

Appears in 2 contracts

Samples: Admission to Quotation and Conclusion of Conditional Contracts, Euromot Negotiation Announcement