Article Six definition

Article Six. Exploration:

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Article Six. The second party declares that its Company deals with the communications sector of which significant profits were generated, which enabled the Company to extend its activities to other available sectors within the Saudi Arabia Kingdom and it is anticipated that such activities shall generate large profits, that the Company has signed business and works contracts with third parties and it needs in view of executing such contracts cash money in the form of loans or as per ownership agreement for increasing the company's capital, i.e. (2,000,000) two million Saudi Riyals, equivalent to approximately ($700,000) seven hundred thousand U.S. dollars at the first phase and in the second phase ($1,050,000) one million fifty thousand U.S. dollars.

Article Six. (travel tickets):

Examples of Article Six in a sentence

Every right and remedy given by this Article Six or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.
The foregoing shall not, however, be construed to affect the Indenture Trustee’s right to rely upon the truth and accuracy of any statement or opinion contained in any such document as provided in Article Six.
Certain terms, used principally in Article Six, are defined in that Article.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article Six.
Subject to Article Six, the execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.
Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Article Six) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Article.
The foregoing shall not, however, be construed to affect the Indenture Trustee's right to rely upon the truth and accuracy of any statement or opinion contained in any such document as provided in Article Six.
No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article Six.
The provisions of Article Six of the Trust Agreement concerning meetings of Holders shall apply to the giving of such approval.
For all purposes of this Indenture, in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Article Six, Seven and Eight of the Trust Agreement.

More Definitions of Article Six

Article Six. This agreement shall not obligate the First Party to conclude any other agreements or to take any other measures besides those stated in this agreement. Article Seven:

Article Six. Summation of credit margin already used by Party A shall not exceed the maximum credit margin. During the term of credit extension, Party A may use the specific credit margin on roll-over, that is, once the debt under any specific transaction is paid up, the specific credit margin previously used on this specific transaction can be re-used on new specific transaction of the same kind. Party A shall apply for using specific credit margin within the term of credit extension and stand-by credit margin shall be automatically cancelled on expiration of the term of credit extension.

Article Six. In the event that Borrower fails to abide by or make repayments of principal and interest in accordance with the terms of the Loan Contract for Entrusted Loan then Party A shall have no right to draw from the Special Fund Account for Entrusted Loan any amounts attributable to such outstanding principal or interest not so paid by Borrower. Party B shall have no responsibility or liability for the payment of any such amount attributable to Borrower's unpaid principal and interest under the Loan Contract for Entrusted Loan.