SECTION TWENTY-FOUR Clause Samples

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SECTION TWENTY-FOUR. PROMISE TO CREATE A COMMERCIAL PLEDGE. Pledgor hereby agrees to subscribe and execute all public deeds and other instruments that may be required to levy a second lien commercial pledge on the pledged Shares under the terms of sections 813 et seq. of the Chilean Commercial Code, immediately after the release of the pledges on the Shares in favor of Itaú BBA, Nassau Branch. For such purpose, Pledgor hereby agrees to subscribe in due course all relevant amending deeds or deeds evidencing the creation of the pledge and prohibitions not later than 5 business days following the occurrence of the fact stated above. In order to fulfill Pledgor’s obligation to execute the relevant deeds and other documents that may be required to such effect, Pledgor hereby grants a special and irrevocable power of attorney to Pledgee as broad as is legally required, which is accepted by its representative already identified at the recitals hereof, in order that the latter acting in the name and behalf of the Company, and its sole discretion, may grant and executed without any waiting period, all relevant pledges and prohibitions on behalf of the Pledgor, in the same terms and conditions mutatis mutandis as those set forth herein / provided that it shall be a commercial pledge /, to cause the registration thereof with the Register Book of Shareholders of the Company. In order to exercise the powers granted by this power of attorney and in accordance with the foregoing, Pledgee shall be granted broad powers to carry out any other acts that may be required to achieve this power of attorney, and shall be expressly empowered to self-contract and even determine at its sole discretion, the amount of the Secured Obligation. Under this irrevocable power of attorney, Pledgee may, in the agreements to be entered into by it, grant a special power of attorney to one or more individuals in order that, any one of them acting individually, may exercise, with full judicial and extrajudicial powers, the rights granted by the security agreements to Pledgor or to any successors or assigns thereof. This special and irrevocable power of attorney may not be alleged by Pledgor as grounds to justify Pledgor’s breach of any of the obligations arising herefrom. Pledgor hereby expressly represents that the power of attorney hereby granted is irrevocable and coupled with an interest in compliance with the provisions set forth in section 241 of the Commercial Code; because the Pledgee is interested in the ful...
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SECTION TWENTY-FOUR. The Northwest Quarter of the Northwest Quarter, The North Three-Quarters of the Northeast Quarter of the Northwest Quarter, The Southwest Quarter of the Southwest Quarter of the Northeast Quarter of the Northwest Quarter, The Northwest Quarter of the Northwest Quarter of the Northeast Quarter, The West half of the Northeast Quarter of the Northwest Quarter of the Northeast Quarter, The North half of the Southwest Quarter of the Northwest Quarter of the Northeast Quarter. Containing 92.5 acres, more or less. FURTHER EXCEPTING AND NOT INTENDED TO BE CONVEYED, all tailings currently located on the above described Parcel Two-D.
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SECTION TWENTY-FOUR. PROMISE TO CREATE A COMMERCIAL PLEDGE.- Pledgors hereby agree to subscribe and execute all public deeds and other instruments that may be required to levy a junior lien commercial pledge on the pledged Shares owned by them as compared to the pledge created herein under the terms set forth in Sections 813 et seq. of the Chilean Commercial Code, immediately after the release of the pledges on the Shares in favor of Itaú BBA, Nassau Branch. For such purpose, Pledgors hereby agree to subscribe in due course all
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Related to SECTION TWENTY-FOUR

  • Section Four The State shall deduct the agency service fee biweekly from the paycheck of each employee who is required under C.G.S. 5-280 to pay such a fee as a condition of employment, provided, however, no such payment shall be required of an employee whose membership is terminated for reasons other than nonpayment of Union dues or who objects to payment of such fee based on the tenets of a religious sect. The amount of agency service fee shall not exceed the minimum applicable dues and/or assessments payable to the exclusive bargaining agent.

  • Anniversary Fee A fully earned, non-refundable anniversary fee of Twenty Thousand Dollars ($20,000,00), which fee shall be earned as of the date hereof, and shall be payable on the date that is one year from the 2008 Effective Date;

  • Paragraph 2nd As of January 1st, 2008, the factor of transference X will be established by Anatel based on methodology considering the optimization of the costs of service rendering, as per terms of the regulation.

  • PARAGRAPH TWO This Agreement shall also be accelerated, upon which the debt shall become enforceable and any disbursements shall be immediately suspended, on the date when any person who exercises a salaried position at the BENEFICIARY or is among its owners, controlling members, or officers is certified or takes office as a Federal Deputy or Senator, as such persons are subject to the prohibitions set forth in article 54, items I and II of the Federal Constitution. No default charges shall be imposed if the payment occurs within five (5) business days from the date of such certification, under penalty of otherwise the charges established for events of acceleration due to default being imposed.

  • Thirty days after the employee begins his/her employment in a bargaining unit position, unless the employee previously served in a bargaining unit position and continued in the employ of the Authority in a non-bargaining unit position, or was on layoff, in which event the deductions will begin with the first paycheck paid 30 days after the resumption of the employee’s employment in a bargaining unit position, whichever is later.