EXECUTIVE MERIT Clause Samples

POPULAR SAMPLE Copied 11 times
EXECUTIVE MERIT. Executive merit shall be provided by the certifications issued by THE BANK and reviewed by the Authorized Public Accountant, in which THE BANK makes of record the credit balance(s) appearing in its accounting books against THE CUSTOMER with respect to any BANKING SERVICE (S) covered under this BANKING PRODUCTS AND SERVICES AGREEMENT. THE CUSTOMER waives the executive judgment proceedings in the event that THE BANK shall appeal to the courts to assert its rights.
View SourceView Similar (15)
EXECUTIVE MERIT. The parties acknowledge and accept that this CONTRACT has executive merit for the judicial enforcement of the fulfillment of all, some, or any of the obligations to give, do, or not do that derive from it and may resort to the ordinary jurisdiction. For this purpose, THE BANK may use the CONTRACT and/or the promissory note it has or may come to have in its favor.
View Source
EXECUTIVE MERIT. This Agreement will provide executive merit to enforce and collect the obligations stipulated therein.
View Source
EXECUTIVE MERIT. For all legal purposes, including the issuance of execution against THE CLIENT, principal and/or additional, it is agreed that the correct and true balance of obligations owed by THE CLIENT shall be the one recorded in the books of THE BANK, according to its own declaration. Therefore, the certification issued by THE BANK regarding the amount and enforceability of the debtor balance, once reviewed or certified by the Certified Public Accountant, shall be fully enforceable in court and shall constitute clear, liquid, and enforceable evidence of the amount stated in such certification. If for any reason THE BANK cannot present this certification, the amount stated in the claim shall be considered true. In all such cases, THE BANK may proceed jointly against any of the CLIENTS or against one, several, or all of the CLIENTS, for the total debt, in equal or unequal parts, at the discretion of THE BANK.
View Source
EXECUTIVE MERIT. This purchase order serves executive merit, and therefore any of the obligations arising from this contact may be demanded executively by either of the contracting parties.
View Source

Related to EXECUTIVE MERIT

  • Executive Management The Contractor agrees to have an executive management function with clear authority over all the administrative functions noted herein.

  • Executive Board In addition to the rules in Section 6.2, the following rules shall apply:

  • Executive Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • The Executive This Agreement is personal to the Executive and, without the prior express written consent of the Company, shall not be assignable by the Executive, except that the Executive’s rights to receive any compensation or benefits under this Agreement may be transferred or disposed of pursuant to testamentary disposition, intestate succession or pursuant to a domestic relations order. This Agreement shall inure to the benefit of and be enforceable by the Executive’s heirs, beneficiaries and/or legal representatives.