PARAGRAPH ONE definition
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:
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. 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.
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.
For Bonnie, Pandora’s Box has been opened and she cannot erase what she has experienced.You put things into perspective and I don’t mean to say that in a patronising way or anything because I would rather people live their lives the way they live it, in a bit of a bubble...
PARAGRAPH ONE OF ONE: The termination of this agreement does not entail any financial penalty or otherwise.
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: DUPLICATE COPY OF CERTIFICATES: The corporation shall issue duplicate copies of certificates to shareholders on the Share Ledger solely in those cases and accordance with the rules detailed ahead: a) In the event of a stolen or lost certificate, the Board of Directors shall authorize its issuance to the owner registered in the share ledger, after submitting the respective police report.
More Definitions of PARAGRAPH ONE
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 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 TWO: When the Parties agree Points of Delivery other than those set out in Clause Six, the price formula provided for in this Clause shall be amended in the transport item, taking into account the crude transport rates and taxes via pipeline in force between the Point of Delivery and the applicable export port. Likewise, the indicator shall be modified, as applicable, prior agreement between the parties. PARAGRAPH THREE: Receipt and metering costs, in the case of stations agreed by the Parties, and which are not operated by ECOPETROL S.A. shall be directly paid by the SELLER to the respective operating company. The BUYER shall make no additional payments whatsoever for such concepts. The Unloading rate value at the Xxxx Station corresponds to the value charged by the Vice-Presidency of Production or the corresponding area, as agreed in the Unloading contract.
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.
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. 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. Should IDG LATAM not maintain compliance with the Incident Solution Time indicators corresponding to Lxxxx 0 xxx Xxxxx XX Xxxxxxxxxxx as well as the Monthly Failure Index pursuant to Schedule 8, RBSAS shall proceed to make a discount in accordance with Tables 1, 2, and 3 included in Schedule 8 associated with the impacted monthly invoices that relate to the Maintenance Services of IDG LATAM for the relevant month. Discounts shall be made in accordance with the penalty tables described in Schedule 8; unless the cause, event or circumstance is not in the control of IDG LATAM, such as failures arising from the acts or omissions of RBSAS, their respective employees, agents, contractors or representatives, customers or any other third parties, whether or not acting on behalf of RBSAS, non-availability of electrical service for a period of time greater than the provided UPS, a network communications failure, except when they are associated directly to the ATM machine, a failure of the RBSAS FCS, a failure attributed to the RBAPI, a planned maintenance windows, any vandalism or acts of God, and use of the Equipment not within it’s operational specifications.
PARAGRAPH ONE. By means of this Amendment, and for the full purposes of law, the STATE hereby irrevocably authorizes CEMIG to retain amounts from the STATE’s entitlement to dividends and/or Interest on Equity receivable from CEMIG for the payment of the Installments and the balance of the DEBIT, plus the interest owed and duly adjusted, subject to the provisions of this instrument. Paragraph Two: Of the distribution, as ordinary dividends and Interest on Equity, of 50% (fifty per cent) of net profit, CEMIG shall, unless otherwise provided for in this instrument, proceed as follows: