PARAGRAPH THIRD Sample Clauses
PARAGRAPH THIRD. LESSEE represents that it exclusively leases the goods included in Exhibits I and II to perform the industrial activities provided for under its Articles of Association, and shall be entitled to place any machinery, equipment, fittings, properties, stock, fixtures, etc. of its own in the facilities of the leased real estate, as well as to remove them upon or before termination of this agreement, at any time it may deem convenient.
PARAGRAPH THIRD. At any time and at its sole discretion, LESSEE shall be entitled to pay rents in advance, which shall be set off during the effectiveness of this AGREEMENT at any time deemed convenient, and therefore, determine the respective months in which the referred set off shall be made.
PARAGRAPH THIRD. LESSOR hereby authorizes LESSEE to use an installment of the monthly rent owed to it, in a percentage of up to 40% (forty percent), to pay DESENBAHIA - AGÊNCIA DE FOMENTO DO ESTADO DA BAHIA S/A, as mortgagor, which value shall be recognized as part of the total provided for in Article Third, to all legal effects.
PARAGRAPH THIRD. LESSEE shall be entitled to hire any personnel dismissed by LESSOR, and shall not be liable for any prior employment relationship, in connection with the payment of social, labor, security, or any other charges on such personnel for the previous period. If any payment is required from it by reason of a claim declared res judicata whose payment is unavoidable, the value disbursed shall be deducted from the rents, which is hereby authorized by LESSOR.
PARAGRAPH THIRD. For the purposes of capitalizing the finance charges, including default charges, by business day, municipal and state holidays shall be deemed business days. [initials] [stamp:] LEGAL T▇▇ Continuation of PRIVATE AGREEMENT No. 182.2007.4743.847, entered into by Banco do Nordeste do Brasil S.A. and T▇▇ ▇▇▇▇▇▇▇▇ S/A, on January 28, 2008, in the amount of R$ 67,000,000.00 (Sixty-Seven Million Reais).