PARAGRAPH THREE. No acceleration based on the provisions of clause “a” shall occur if the remediation imposed is complied with or as long as the sentence imposed on the Beneficiary is being served, subject to the due process of law. EIGHTEEN
PARAGRAPH THREE. If the Financial Cooperation Commission is not paid as provided for in this Section, the BENEFICIARY shall be subject to the sanctions set forth in this Agreement and in the “
PARAGRAPH THREE. The total amount of the credit shall be used by the BENEFICIARY within twenty-seven (27) months from the date of execution of this Agreement, without prejudice to the BNDES’s option, before or after the expiration of such term, under the guarantees set forth in this Agreement, to extend such term upon express authorization by letter, regardless of any other formality or registration. THREE
PARAGRAPH THREE. In the events set forth in Paragraph Two of this Section, the BENEFICIARY shall, at the request of the BNDES and whenever available, provide copies of any decisions rendered and of any judicial and extrajudicial settlements executed within the scope of the aforementioned proceedings, as well as detailed information on the measures adopted in response to such proceedings.
PARAGRAPH THREE. For purposes of the special obligation set forth in item IV of this Section, the following shall be deemed relevant:
PARAGRAPH THREE. For purposes of item II of the main provision of this Section, the following definitions are adopted:
PARAGRAPH THREE. Security in the exploitation of the service is characterized by rigorous confidentiality of the data relative to the use of the service by users, as well as by the strict preservation of secrecy as to the information transmitted in the scope of its exploitation.
PARAGRAPH THREE. The BUYER shall have a term of ten (10) business days, counted as of the receipt of the crude sales invoices to review them or object them. Should invoices be questioned, the receipt date shall be that of the filing of the new invoice. The BUYER shall notify the SELLER within the term foreseen about any invoice questioned, for it to be adjusted and corrected, by clearly indicating the items to be adjusted or corrected and the corresponding reasons thereof. The SELLER shall respond to the objection within ten (10) business days following the receipt thereof, counted as of the time in which the BUYER submits to the BUYER all the documents that gave rise to the objection, unless the Parties determine by common consent to extend the term if the objection complexity or if any reasonable circumstance so requires. In the event that the SELLER fails to respond to the objection within the aforementioned term the objection shall be considered accepted by the SELLER. Should the SELLER resolve the objection in favor of the BUYER, it shall be understood that there was no payment obligation over the invoice originally filed, subjected to objection. Should the SELLER resolve the objection in its favor, the BUYER shall endeavour to solve the dispute forthwith, based on the provisions of this contract, in order to make the payment of the unpaid amount. To solve any discrepancy, each of the Parties shall submit to the other a copy of the documents that gave rise to the invoice and to the objection. In the event that the BUYER disagrees with the decision of the SELLER, it may apply the provisions set out in Clause Seventeen of the Contract.
PARAGRAPH THREE. The parties hereby agree that the rent agreed in item 5.1 shall not be reduced by virtue of the adjustment index. That is, in case the adjustment index accrued within the twelve (12) month period is negative, the last rent amount paid by LESSOR shall be maintained.
PARAGRAPH THREE. The amount of each installment of Sub-credit “A” to be made available to the CLIENT will not be subject to [***].
