Common use of FIRST PARAGRAPH Clause in Contracts

FIRST PARAGRAPH. THE LESSEE acknowledges to be fully aware and acquainted with the Customs and Fiscal Regime of Colombia, valid in the date on which this contract is subscribed and legalized, and agrees to its execution within the terms and conditions set by the law. SECOND PARAGRAPH THE LESSOR or a third party, that it may designate is authorized to pay the value of all the customs and fiscal tariffs corresponding to importing the goods when THE LESSEE does not comply with this obligation on his behalf. In all the events THE LESSEE will notify and demonstrate payment of such tariffs to THE LESSOR within the term of twenty-four (24) hours following payment of same ones. The non fulfillment of this obligation will cause the application of sanctions contained in CLAUSE TWENTY SIXTH.

FIRST PARAGRAPH. THE LESSEE acknowledges to be fully aware and acquainted with the Customs and Fiscal Regime of Colombia, valid in the date on which this contract is subscribed and legalized, and agrees to its execution within the terms and conditions set by the law. SECOND PARAGRAPH THE LESSOR or a third party, that it may designate is authorized to pay the value of all the customs and fiscal tariffs corresponding to importing the goods when THE LESSEE does not comply with this obligation on his behalf. In all the events THE LESSEE will notify and demonstrate payment of such tariffs to THE LESSOR within the term of twenty-four (24) hours following payment of same ones. The non fulfillment of this obligation will cause the application of sanctions contained in CLAUSE TWENTY SIXTHFIFTH.

FIRST PARAGRAPH. THE LESSEE acknowledges to be fully aware and acquainted with the Customs and Fiscal Regime of Colombia, valid in the date on which this contract is subscribed and legalized, and agrees to its execution within the terms and conditions set by the law. SECOND PARAGRAPH THE LESSOR or a third party, that it may designate is authorized to pay the value of all the customs and fiscal tariffs corresponding to importing the goods when THE LESSEE does not comply with this obligation on his behalf. In all the events THE LESSEE will notify and demonstrate payment of such tariffs to THE LESSOR within the term of twenty-four (24) hours following payment of same ones. The non fulfillment of this obligation will cause the application of sanctions contained in CLAUSE TWENTY SIXTH.

FIRST PARAGRAPH. THE LESSEE acknowledges to be fully aware and acquainted with the Customs and Fiscal Regime of Colombia, valid in the date on which this contract is subscribed and legalized, and agrees to its execution within the terms and conditions set by the law. SECOND PARAGRAPH THE LESSOR or a third party, that it may designate is authorized to pay the value of all the customs and fiscal tariffs corresponding to importing the goods when THE LESSEE does not comply with this obligation on his behalf. In all the events THE LESSEE will notify and demonstrate payment of such tariffs to THE LESSOR within the term of twenty-four (24) hours following payment of same ones. The non fulfillment of this obligation will cause the application of sanctions contained in CLAUSE TWENTY SIXTH.