NOW THEREFORE THIS AGREEMENT WITNESSES Sample Clauses

NOW THEREFORE THIS AGREEMENT WITNESSES. THAT in consideration of the mutual covenants herein contained and other good and valuable consideration receipt of which is hereby acknowledged by each of the parties hereto, the parties agree as follows:
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NOW THEREFORE THIS AGREEMENT WITNESSES. DEFINITION ----------
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NOW THEREFORE THIS AGREEMENT WITNESSES. In consideration if the Company needs more than TEN THOUSAND (10,000) US DOLLARS from Otmane, this Agreement become useful. The parties hereto agree as follows: Otmane hereby has agreed to loan the Loan Amount to the Company in the event of not raising sufficient amount of funds from the offering in accordance to the Form S-1 registration statement of the Company; Otmane hereby agrees to loan the Loan Amount to the Company on demand of the Company; The Company will conduct the repayments of all amount of Otmane’s loan accordingly to the sequence of loans; Otmane will be repaid from revenues of the Company, when it starts earn significant revenues; Advanced Loan funds are non-interest bearing, secured and payable upon demand; Any additional funds that Otmane loans to the Company subsequent to this Agreement are subject to the same terms as this Agreement, unless otherwise agreed in writing.
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NOW THEREFORE THIS AGREEMENT WITNESSES. Guarantee Consideration
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NOW THEREFORE THIS AGREEMENT WITNESSES. In consideration if the Company needs more than Fifty Thousand (50,000) US Dollars from Director, this Agreement become useful. The parties hereto agree as follows: Director hereby has agreed to loan the Loan Amount to the Company in the event of not raising sufficient amount of funds from the offering in accordance to the Form S-1 registration statement of the Company; Director hereby agrees to loan the Loan Amount to the Company on demand of the Company; The Company will conduct the repayments of all amount of Director’s loan accordingly to the sequence of loans; Director will be repaid from revenues of the Company, when it starts earn significant revenues; Advanced Loan funds are non-interest bearing, secured and payable upon demand; Any additional funds that Director loans to the Company subsequent to this Agreement are subject to the same terms as this Agreement, unless otherwise agreed in writing.
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NOW THEREFORE THIS AGREEMENT WITNESSES. THAT in consideration of the premises, the covenants and agreements herein contained, the parties hereto agree as follows:
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NOW THEREFORE THIS AGREEMENT WITNESSES. Guarantee The Guarantor hereby agrees to provide a personal guarantee to the Lender in connection with the Financing. Amount of Guarantee The amount of the guarantee with respect to the Financing is the $4,500,000 principal of the Financing plus any unpaid interest. The parties agree that the market value of the guarantee equals 11.2% of the said $4,500,000 principal. Guarantor Compensation In consideration of the guarantee of the Financing to be provided to the Lender and in consideration of the Guarantor agreeing not to withdraw such guarantee, the Company hereby agrees to allot and issue to the Guarantor's nominee, Garmeco International Consulting Engineers X.X.X., 2,652,632 fully paid and non-assessable Common shares of the Company, such shares having an agreed value of $0.19 per share. Company's Representations The Company represents and warrants to the Guarantor that: * this Agreement has been authorized by all necessary corporate proceedings and is a valid and binding obligation of the Company enforceable in accordance with its terms; and * the Company shall, notwithstanding any claim as made against the Guarantor, continue to be liable to extinguish the primary indebtedness incurred by it in connection with the Financing and notwithstanding such indebtedness may be guaranteed by the Guarantor. Representation of the Guarantor The Guarantor represents and warrants to the Company that: * the Guarantor has all requisite authority to enter into this Agreement and to provide the financial assistance contemplated hereby; and * the Guarantor has the financial ability to meet its obligations and to provide the guarantee contemplated hereunder. Regulatory Approval The parties agree that this Agreement is subject to acceptance for filing by the TSX Venture Exchange. The Guarantor shall not be bound to provide the financial assistance herein contemplated (and if the Guarantor has already done so, the Guarantor may withdraw the financial assistance) unless and until the acceptance of the TSX Venture Exchange has been obtained. If such acceptance has not been obtained within 120 days of the date hereof then this Agreement shall be null and void and of no further force and effect.
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NOW THEREFORE THIS AGREEMENT WITNESSES i. Total Interest Days Period: It is agreed that there are 493 days interest from January 24, 2022 to and including May 31, 2023.
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Related to NOW THEREFORE THIS AGREEMENT WITNESSES

  • NOW THIS AGREEMENT WITNESSES Definitions

  • NOW THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the mutual covenants and provisos herein contained, THE PARTIES HERETO AGREE AS FOLLOWS:

  • NOW THIS AGREEMENT WITNESSETH 1. Subject to the context the words and expressions used in this Agreement have the same meanings respectively as they have in and for the purpose of the Principal Agreement.

  • NOW THIS AGREEMENT WITNESSES —

  • NOW THIS AGREEMENT WITNESSETH AS FOLLOWS 1. In this Agreement words and expressions shall have the same meanings as are respectively assigned to them in the Conditions of Contract referred to.

  • PARTIES TO THIS AGREEMENT This Agreement binds:

  • In this Agreement 7.1.6 Any external loan, security, compensation, covenant or other compensation liabilities of the Pledgor’s (1) is required to be repaid or performed prior to the due date due to default; or (2) is due but cannot be repaid or performed as scheduled and thereby cause the Pledgee to deem that the Pledgor’s capacity to perform the obligations herein is affected.

  • CHANGING THIS AGREEMENT We may change this Agreement, including (for example) changing the addresses and telephone numbers you should use to contact us, changing fees, adding new fees, changing the Daily Periodic Rates and corresponding APRs or increasing your required minimum payment. We may change this Agreement based on economic or market conditions, our business strategies or for any other reason (including reasons unrelated to you or your Account). Any changes we make to this Agreement may apply to new transactions and/or then-existing balances as described in any notice we are required to provide to you. We will notify you of changes to this Agreement as required by applicable law. We will mail any required written notice to the address we have on file for your Account.

  • Amendment to this Agreement No provision of this Agreement may be changed, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, discharge or termination is sought.

  • Terminating this Agreement You can terminate this Agreement at any time by notifying us in writing and by discontinuing the use of your Logon ID. We can also terminate this Agreement and revoke access to Online Banking at any time. Whether you terminate the Agreement or we terminate the Agreement, the termination will not affect your obligations under this Agreement, even if we allow any transaction to be completed with your Logon ID after this Agreement has been terminated.

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