TENTH CLAUSE. If on the due date of an invoice, MARKETER has a credit of any undisputed amounts against MOEMA, as provided for hereunder, then MARKETER shall effect the payment of the balance outstanding after the relevant offset of credits and debts, provided that MARKETER serves a written notice to MOEMA of its intention to do so within the 24 hours subsequent to the receipt of the relevant invoice.
TENTH CLAUSE. The second party acknowledges the validity of all correspondence sent by the company via the company’s e-mail (Xxxx@xxxxxxx-xxxxxx.xxx ) He also acknowledges that his e-mail and all correspondence via this e-mail have all of their legal effects, and the second party has no right to object to them, as these communications are legal and produce all their effects . In case of delivering the unit subject to this contract, the unit address will have all legal effects as well.
TENTH CLAUSE. INTERPRETATION AND CONTROVERSY The discrepancies that might arise as a consequence of the interpretation and application of the present Agreement and its Annexes should be solved in good faith, paying heed to the spirit of partnership cooperation that has led the parties to subscribe it. For those legal and judicial issues that might arise, the parties have the legal addresses stated here above and, in case of differences about working guidelines, the parties might terminate the present Agreement according to the process indicated in the Eighth Clause.
TENTH CLAUSE. (Confidentiality)
TENTH CLAUSE. FISCAL INCIDENCES
TENTH CLAUSE. CONFIDENTIALITY: The parties agree that all the information related to the operation bonded to the actual contract will keep confidential and under no circumstances released to a third part. It will not consider a violation of confidentiality the incorporation of a third part by PAG to the project object of this contract. In case of termination of the contract, PAG have to give to the owner all the technical data obtained by PAG during the work. PAG will have 90 days since the ending of the contract to provide the information to the owner. ________________________________________________________________________________________________________________
TENTH CLAUSE. The acts of any partner, attorney or employees who may involve the Company in any act which is different from its partnership objectives such as provision of pledges, securities or any other guarantee for third parties are expressly forbidden, except if previously authorized in writing by the partner representing the majority of 2/3 (two thirds) of stockholders' equity.
TENTH CLAUSE. CCP as well as Mx. XXXXXX XXXXXX CXXXXXX BOTIA will be responsible, pro rata, for its percentage of participation within the present contract for the costs of the studies and environmental monitoring required by the competent environmental authority (CORPOBOYACA) for the mining titles 010-91, FI6-142, HD5-081 and 748T, in the case of the rights and obligations of these last two, they remain the responsibility of Mx. XXXXXX HAWERD CXXXXXX BOTIA and will be assigned to CCP under the conditions reviewed in the present contract.
TENTH CLAUSE. This contract replaces any negotiation or discussion or statements between the parties or any verbal or written record that is not included here.
TENTH CLAUSE. For the development and execution of the contractual objective CCP should implement, construct and install the equipment, services and works within the area of exploitation that are necessary to reach the expected coal production, in accordance with the principles, rules and criteria relating to the recognized techniques for this type of mining and the requirements, conditions and obligations reviewed in the Work and Labor Plan approved by the Mining Authority and the Environmental License granted by CORPOBOYACA. ELEVENTH CLAUSE: Obligations relating to AMERALEX: AMERALEX undertakes by this contract to meet the following obligations:
