PROMISSEE Clause Samples

The PROMISSEE clause identifies the party in a contract who is the recipient of a promise or obligation from another party, known as the promisor. In practical terms, this clause clarifies which individual or entity is entitled to receive the benefit of a contractual commitment, such as payment, delivery of goods, or performance of services. By clearly designating the promissee, the clause ensures there is no ambiguity regarding who holds the rights under the contract, thereby preventing disputes and ensuring the enforceability of the agreement.
PROMISSEE. BUYER, upon notice from BR DISTRIBUIDORA that it shall pay the insurance premium set forth above and the corresponding expenses, shall have ten (10) days to make such payment.
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PROMISSEE. BUYER FURTHER offers in full compliance with all clauses and conditions hereof, including for the payment of any and all monies due by PROMISSEE-BUYER to BR DISTRIBUIDORA during the effectiveness hereof, and any extensions thereof, in SECOND MORTGAGE, the property owned by BREDA TRANSPORTES E TURISMO LTDA., described below, the amount of which the undersigned estimate at ***** (R$*****), a land designated as Areas A, B, and C, located at Avenida Dom Jaime de Barros Camara, in Bairro Planalto, which begins at point 1, ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ r▇▇▇▇ ▇orner of Avenida Dom Jaime de Barros Camara, such point being 308.69 m away from the left ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ssa Oneda, from this point it follows on a straight line at 308.69 m towa▇▇▇ ▇5(degree)05'17"NW, confronting the left with Avenida Dom Jaime de Barros Camara, to which it confronts, until point 2, at this ▇▇▇▇▇ ▇▇ ▇▇▇▇▇cts to the right and follows in a curve to the right, in an equal radius of 9.00 m, to the distance of 14.14 m of concordance curve between the right corner of Avenida Dom Jaime de Barros Camara and the left corner of Travessa da Oneda, to w▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇f▇▇▇▇▇ until point 4; at this point it defl▇▇▇▇ to the right and follows on a straight line to the distance of 317.69 m and towards 74(degree)38'59"SE, confronting to the left with the property of Kumi Sato, Riuti Harada, Nelson Corazza, Andre Oneda and Francisco Vi▇▇▇▇▇▇▇▇▇ Filho, until po▇▇▇ ▇; ▇▇ ▇▇▇▇ p▇▇▇▇ ▇▇ ▇▇▇lects ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇lows on a straight line at a distance of 142.50 m, and towards 16(degree)07'58"SW, confronting the left with the property of Fiat Automoveis S/A until point 01, where the measures and confrontations started, enclosing an area of 43.855.93 m(2). [LOGO]PETROBRAS 5 DISTRIBUIDORA S.A.
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Related to PROMISSEE

  • Further Agreements of the Company The Company covenants and agrees with each Underwriter that:

  • The Bank 1. shall perform the duties imposed on the Bank under the Ordinance. 2. shall exercise reasonable care in the performance of its duties as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Bank; and 3. in the absence of bad faith on its part, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Bank and conforming to the requirements of this Agreement, but in the case of any opinions which by any provision hereof are specifically required to be furnished to the Bank, shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement.

  • Payee The Parties agree that the following payee is entitled to receive payment for services rendered by Contractor or goods received under this Contract:

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • What To Do If You Find A Mistake On Your Statement If you think there is an error on your statement, write to us at the address(es) listed on your statement. In your letter, give us the following information: