ELI Sample Clauses

ELI. II represents and warrants to the Company that (a) the Shares xxe owned by ELI-II and represent all of the capital stock of the Company owned xx ELI-II or any affiliate thereof or of Rohit M. Desai, (b) the Sharxx are being sold free and clear of xxx xxxxxxxances, liens of any kind whatsoever ("Encumbrances"), other than the restrictions imposed by Federal and state securities law, (c) ELI-II is authorized to enter into this Agreement and consummate xhe transactions contemplated hereby and (d) it is fully familiar with the financial condition of the Company and has had an adequate opportunity to ask and have answered questions regarding the financial and business condition of the Company.
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ELI. DC has received pre-financing from the EC via the coordinator (40% of the total budgeted eligible costs). First payment from ELI-DC to linked third parties in September 2019 based on costs reported for December 2018August 2019. From September 2019 on (subject to availability of pre-financing), ELI-DC will pre-finance eligible costs of linked third parts every six months. The payment will take into account the forecasted costs and each linked third party’s balance (i.e., accrued non-used pre-financing).
ELI at xxx xxxxxxx, upon the termx, covenants and conditions contained in this Agreement, desires that FOCAS perform such design, engineering, construction and installation services for ELI to the point that the above-mentioxxx portion of the entire Revenue Sharing Route is completed.
ELI. Under the terms of the Utility Xxxeements, ELI makes the following undertakings:
ELI. ELI shall pay or cause to be paix xll xxxes and use taxes associated with or attributable to ELI's provision and installation of the Regeneration Facilities and the System Electronics. ELI shall indemnify and hold FOCAS haxxxess from and against all sales and use taxes associated with or attributable to the provision and installation of the Regeneration Facilities and the System Electronics.
ELI. II represents and warrants to the Company that (a) the Shares axx owned by ELI-II and represent all of the capital stock of the Company owned xx ELI-II or any affiliate thereof or of Rohit M. Desai, (b) the Sharex xre being sold free and clear of all xxxxxxxxxxxx, liens of any kind whatsoever ("Encumbrances"), other than the restrictions imposed by Federal and state securities law, (c) ELI-II is authorized to enter into this Agreement and consummate thx xransactions contemplated hereby and (d) it is fully familiar with the financial condition of the Company and has had an adequate opportunity to ask and have answered questions regarding the financial and business condition of the Company.

Related to ELI

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