TWENTYSECOND Sample Clauses
TWENTYSECOND. This Agreement, in the case of Dollar withdrawals, is an international transaction in which the Dollar specification and the payment in the city of New York, N.Y., United States of America, are essential and, the Dollars will be considered the new applicable currency for all cases. The Borrower’s payment obligations with respect to the Credit and to the Promissory Note(s) that document the withdrawal of the Credit, will only be considered fulfilled when the quantities paid in foreign currencies or in another location, whether it be in accordance to court decision or in any other way, upon their conversion to Dollars and their transfer to the city of New York, pursuant to ordinary banking procedure, cover the Dollar quantity in said city of New York owed pursuant to this Agreement. If to obtain the court decision from any court, whether it be for the payment of any sum or in the enforcement of any court decision previously obtained, it becomes necessary to convert to another currency (the “Other Currency”), whatever payable sum in Dollars in accordance to this Agreement, the exchange rate that will be used will be the one with which the payment must be effected, pursuant to the court decision. The Borrower’s obligations with respect to any sum expressed in Dollars, which the Borrower owes the Bank pursuant to this Agreement, will not fulfilled, notwithstanding any court decision expressed in
TWENTYSECOND. The subscribers of the present bylaws that have the status of owners, in "THE PARK", are obligated to the following: In case that the Federal Authorities, the State of Nuevo Leon ▇▇▇ the City, decree or enact any type of tax as obligatory for the execution of development works in the nearby or adjacent areas to "THE PARK" Or that by any title turn out obligatory for the property owners situated in the territorial limits involving total or parcially the location of "THE PARK"; are obliged to pay in proportion the respective tax in correspondence to the land surface owned from the total extension of "THE PARK".
