BEFA definition

BEFA refers to the deed of sale under the terms of which CIRMAD sells the Building for future completion to the Buyer, which is signed concurrently with this Lease.
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Examples of BEFA in a sentence

  • Pursuant to the agreements subscribed by CIRMAD and the Buyer within the BEFA, if after certification of the Completion of the Leased Premises under the conditions stipulated by the Lease, the LESSEE does not take possession of the Leased Premises, the Buyer shall benefit from a reduction in the sale price of the Building in the amount of One Million Three Hundred Eighty-Six Thousand Three Hundred Fifty euros (€1,386,350), representing 10% of the total sale price.

  • The Rents and charges for which the LESSEE is responsible shall be paid by bank transfer to the LESSOR's account, which shall be notified to the LESSEE by the Final Lessor within three (3) months from the date of signing of the BEFA.

  • It is henceforth agreed upon and accepted by the Parties that the Lease has been entered into with CIRMAD, but that the Buyer shall have the capacity of Lessor pursuant to a subrogation agreed to by the Buyer and CIRMAD in the BEFA.

  • In the context of this financing, it was stipulated that CIRMAD would sign with the LESSEE a lease for a building for future completion on said building, and that the Buyer will be the Lessor under the effect of a subrogation agreed on by the Buyer and CIRMAD within the BEFA.

Related to BEFA

  • Hashish means the resin extracted from any part of the plant

  • Grievor means the employee concerned, a local of the Union, the Union or the Company.

  • Counsellor means the public utility counsel.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • MiFID means Directive 2004/39/EC on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC;