SECOND CLAUSE. The allocation referred to in the First Clause shall be accomplished without prejudice to the criteria and the conditions established in Clauses 5 and 13 of the Electric Power Purchase and Sale Agreements all through the years of 2007, 2008, 2009 and 2010, pursuant the forecast to be informed by the CONSUMERS for years 2006, 2007, 2008 and 2009.
SECOND CLAUSE. This Amendment does not imply a novation of the contract resulting from the acceptance of the Commercial Offer dated December 17, 2009, which clauses continue in force except for what was modified by this document.
SECOND CLAUSE. PURPOSE: The PLEDGOR hereby creates a first priority open pledge in favor of the PLEDGEE over all the present and future rights, titles and interests of the PLEDGOR to receivables and credits payable from time to time by ECOPETROL and other Offtakers under the Ecopetrol Offtake Agreements and each other offtake agreement entered into by the PLEDGOR in the future, but limited to those included in the definition of “Offtake Agreements” under the Credit Agreement (collectively, including the Ecopetrol Offtake Agreements, the “Crude Oil Commercial Sales Agreements” and each, a “Crude Oil Commercial Sales Agreement”). The pledge created hereunder, includes the rights of the PLEDGOR to receive: (i) the full price of the crude oil agreed between the PLEDGOR and ECOPETROL and any other Offtaker; (ii) all the default interest derived from the Crude Oil Commercial Sales Agreements, if any; (iii) all the fines, compensations or indemnifications of any nature to which the PLEDGOR may be entitled to by virtue of breaches of the Crude Oil Commercial Sales Agreements; (iv) all the indemnifications paid by insurance companies or banks, to which the PLEDGOR is entitled to, derived from or related to the Crude Oil Commercial Sales Agreements; and (v) all and any other amounts to which the PLEDGOR may be entitled to by virtue of the Crude Oil Commercial Sales Agreements.
SECOND CLAUSE. In order to pursue the proposed subject, the University ______ and the Federal University of Mato Xxxxxx Foundation undertake: I - To designate those responsible for executing this Agreement. II - To stimulate, within their respective institutions, the study of the language, literature and culture of the respective countries.
SECOND CLAUSE. In order to determine the border line which is described in the first clause of this supplementary agreement, the Contracting Parties decided, on the basis of equity, to establish a united Boundary Demarcation Committee and also to give said Committee the task of marking out the border to determine the exact position of the centreline of the main channel of the boundary river, the centreline of the river, or of the main stream. Also according to this supplementary agreement’s third clause, to determine the ownership of the islands and islets in the rivers, to erect landmarks, draw up border demarcation documents, draw detailed border maps, and to resolve and complete the various specific issues related to the above-mentioned task.
SECOND CLAUSE. The Parties decide in common agreement to apply to DENSAM all obligations and rights applicable to CIS set forth in the Agreement and its amendments, without prejudice to the rights and duties established in law. EXECUTION VERSION
SECOND CLAUSE. Except as expressly amended hereby, xxx XXX Xxxxement shall remain unmodified and in full force and effect as originally agreed.
SECOND CLAUSE. DURATION
SECOND CLAUSE. The second party acknowledges that he has inspected the unit, subject of this contract and the location of the resort, and has completely and legally satisfied himself as to the condition thereof before purchasing it ,based on the current status of the sold unit.
SECOND CLAUSE. 2.1 In accordance with Clause Sixteen of the Contract, and through this document, Nuevo Perú, Ltd., Sucursal del Perú has assigned its ninety-five percent (95%) participation in the Contract to BPZ Energy, Inc., Sucursal Perú, and therefore the Contractor consists of the following: BPZ Energy Inc., Sucursal Perú with 100% participation.
