Pardon Sample Clauses
The Pardon clause grants an individual or entity relief from legal penalties or consequences for certain actions or offenses. In practice, this clause may be invoked to forgive violations of law, contractual breaches, or other specified misconduct, effectively nullifying any associated punishments or liabilities. Its core function is to provide a mechanism for mercy or leniency, often to correct injustices, promote rehabilitation, or address extenuating circumstances that warrant forgiveness.
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Pardon. The Bank agrees to pardon moratorium interests owed to the Bank by the Obligor for the amount of $19,879,776.50 Dollars, therefore, as a consequence of said pardon, the Obligor owes the Bank the amount of $11,480,717.42 Dollars in moratorium interests on the capital amount of the Existing Debt.
Pardon. Either Party may, in accordance with its domestic law, grant pardon or, if pertained, amnesty, to the sentenced person transferred and shall inform promptly the other Party of the decision through the channel as provided in Article 3 of this Treaty.