Clause 48 Clause Samples

Clause 48. 1.1 (Confidentiality) shall not apply to the provisions of this Contract designated as Commercially Sensitive Information and listed in Part 1 of Schedule 15 (Commercially Sensitive Information) which shall, subject to clause 48.2 (Permitted Disclosure), be kept confidential for the periods specified in that Part. The Parties shall keep confidential all Confidential Information received by one Party from the other Party relating to this Contract and shall use all reasonable endeavours to prevent their employees and agents from making any disclosure to any person of any such Confidential Information.

Clause 48. 1 shall not apply to restrict either Party from employing (or offering to employ) any employee of the other Party who has responded (without solicitation by the first Party) to general recruitment advertising issued by or on behalf of the first Party.

Clause 48. An offer will not be presented to plaintiffs who have already signed an agreement and/or received indemnification for WATER DAMAGE and/or granted release to the FUNDAÇÃO RENOVA and/or PROMISEE and/or SHAREHOLDERS and/or RELATED PARTIES.

Clause 48. Deduction of security deposit. A t th e ti m e o f m a ki n g a n y p a ym e n t to th e co n tra cto r fo r th e wo rk d o n e u n d e r th i s co n tra ct, th e E n g i n e e r-i n -ch a rg e sh a l l re ta i n fro m th e a m o u n t so p a ya b l e to th e co n tra cto r, th e a m o u n t o f se cu ri ty d e p o si t a t th e p e rce n ta g e ra te sp e ci fi e d i n i te m (d ) o f th e m e m o ra n d u m o f wo rk a n n e xe d h e re to . T h e e a rn e st m o n e y o f th e co n tra cto r o n e xe cu ti o n o f th e co n tra ct, wi l l h o we ve r, b e a d j u ste d to wa rd s th e a m o u n t o f su ch se cu ri ty d e p o si t to b e re ta i n e d fro m th e a m o u n t o f h i s fi rst b i l l o f th e wo rk d o n e b y h i m a n d p a ya b l e to th e co n tra cto r u n d e r th i s co n tra ct. A l l co m p e n sa ti o n s o f o th e r su m s o f m o n e y p a ya b l e b y th e co n tra cto r to th e UOP u n d e r th e te rm s o f th i s co n tra ct m a y b e d e d u cte d fro m th e a m o u n t o f h i s se cu ri ty d e p o si t o f th e co n tra ct o r fro m a n y su m s wh i ch m a y b e d u e o r m a y b e co m e d u e to th e co n tra cto r b y th e UOP o n a n y a cco u n t ▇▇ ▇ ▇▇▇ e ve r, a n d i n th e e ve n t o f h i s se cu ri ty d e p o si t b e i n g re d u ce d b y su ch d e d u cti o n s, th e co n tra cto r sh a l l , wi th i n te n d a ys th e re a fte r, m a ▇▇ ▇ ▇ ▇ ▇ ▇ ▇ ca sh a n y su m o r su m s wh i ch m a y h a ve b e e n d e d u cte d fro m h i s se cu ri ty d e p o si t, o r m a y b e m a d e g o o d th ro u g h a d d i ti o n a l d e d u cti o n s fro m h i s b i l l o r d u e s. S u b j e ct to a n y g e n e ▇▇ ▇ ▇ ▇ sp e ci a l d i re cti o n s g i ve n b y th e g o ve rn m e n t to th e co n tra ry, i f th e co n tra cto r so d e si re s a n d m a ke s a wri tte n re q u e st to th e E n g i n e e r- i n -ch a rg e to th e e ffe ct th a t th e a m o u n t o f se cu ri ty d e p o si t re ta i n e d fro m th e b i l l s o f th e co n tra cto r m a y b e co n ve rte d i n to th e re co g n i ze d fo rm o f p ro fi t b e a ri n g se cu ri ty a t th e co st o f th e co n tra cto r, th e a m o u n t o f se cu ri ty d e p o si t re ta i n e d fro m b i l l s o f th e co n tra cto r sh a l l b e d e p o si te d i n a n y o f th e fo l l o wi n g b a n ks:-