Common use of Retirement Application Clause in Contracts

Retirement Application. Each time the Buyer retires Product, shall submit to the correspondent Shipper Center a “Retirement Application”, that shall accomplish the following requirements: • To be issued in letter-head paper, with folio number, and always signed in original by one of the authorized persons in the letter mentioned in point 2. • To specify that a specific transportation company is “Authorized” to pick up the material. • To provide the following information: transportation line, the units’ numbers, number of the SECOFI verifying certification, operator’s name, signature and copy of an identification (voter’s credential, driver’s license), the transported Product in the prior trip, the Product to be transported and the estimated amount of the shipment and lifetime of the Application, which is determined by the Client. • To express that the driver of the unit is authorized to sign the promissory note registered in the body of the invoice, in name of the company that subscribes it. • The “Retirement Application” may be a form, but all the information mentioned before shall be written in original.

Appears in 3 contracts

Sources: Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Investment Holdings, Inc.), Purchase and Sale Agreement (Innophos, Inc.), Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Mexico Holdings, LLC)