CLAUSE FIVE definition

CLAUSE FIVE. For purposes of this agreement, deductible costs shall be the following:
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CLAUSE FIVE. EMPLOYER shall grant a monthly advance corresponding to 40% (forty percent) of the fixed salary on a date it will establish.
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CLAUSE FIVE. PROVISION OF CAB LESHIPS AND DEPOT(S) Clause 5(b) shall be amended to read:
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Examples of CLAUSE FIVE in a sentence

  • CLAUSE FIVE – CONFLICT RESOLUTION 5.1. The Parties shall use their best efforts to resolve amicably and by consensus any disagreements or conflicts arising from the interpretation and/or implementation of the provisions of this instrument.

  • GRANTING CLAUSE FIVE [OPTIONS TO PURCHASE, ETC.] TOGETHER WITH, all right, title and interest of Trustor in and to all options and other rights to purchase or lease the Property or any portion thereof or interest therein, if any, and any greater estate in the Property owned or hereafter acquired by Trustor.

  • GRANTING CLAUSE FIVE All awards or payments, including interest thereon, which may heretofore and hereafter be made with respect to the Real Property, or any part thereof, whether from the exercise of the right of eminent domain (including but not limited to any transfer made in lieu of or in anticipation of the exercise of said right), or for a change of grade, or for any other injury to or decrease in the value of the Real Property.

  • GRANTING CLAUSE FIVE [OPTIONS TO PURCHASE, ETC.] TOGETHER WITH all right, title and interest of Trustor in and to all options and other rights to purchase or lease the Property or any portion thereof or interest therein, if any, and any greater estate in the Property owned or hereafter acquired by Trustor.

  • NEIVA DE LIMA - 264 quotas totaling Cr$264,000.00; TOTAL - 2,000 quotas totaling Cr$2,000,000.00 CLAUSE FIVE.

  • CLAUSE FIVE - The Parties agree to amend the amounts set forth in the payment schedule of the Principal and the Financial Charges, so that Annex I of the CCB will become effective under the terms of Annex A of this Third Amendment.

  • GRANTING CLAUSE FIVE All accounts receivable, insurance policies (other than any blanket policy, provided that proceeds from any blanket insurance policies that are attributable to the Premises shall be included under this Granting Clause Five), interests, rights under all oil, gas and mineral leases and agreements and all benefits arising therefrom, and all other claims, both at law and in equity, relating to the Premises, which Grantor now has or may hereafter acquire.

  • GRANTING CLAUSE FIVE TOGETHER WITH, all right, title and interest of Mortgagor in and to all options to purchase or lease the Premises or any portion thereof or interest therein, and any greater estate in the Premises owned or hereafter acquired by Mortgagor.

  • CLAUSE FIVE - SUCCESSION The obligations stipulated in this Contract should be undertaken by any third party that acquires ownership of the SHARES acquired hereunder by the PURCHASER, representing stock control, under penalty of declaring the transfer of such shares thereto null and void.

  • CLAUSE FIVE: SUBSISTENCE OF THE DEFINITIONS OF THE LOAN AGREEMENT.


More Definitions of CLAUSE FIVE

CLAUSE FIVE. The parties set forth that the repayment will be subject to the condition precedent mentioned in clause Three, making sure that in the event that the initial public offering (IPO) does not occur, the terms and conditions will be renegotiated for partial payment of the amounts contained in this Agreement.
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CLAUSE FIVE. CONCESSIONAIRE shall report to DAC the results of the operations by submitting statistic-financial reports, on a monthly basis, according to the rules established by DAC. SOLE PARAGRAPH - In addition to the monthly report provided for herein, DAC may request CONCESSIONAIRE to submit annual, periodic or special statistical and financial reports regarding its operations, in which case it shall provide for instructions on how such reports are to be prepared. It may additionally require from CONCESSIONAIRE to submit a true copy of any agreement, covenant or understanding to which it was a part. CLAUSE SIX - Upon the execution hereof CONCESSIONAIRE shall be required to prove the payments made to the Social Security System and to the Employee's Severance Fund (FGTS), and shall be in full compliance therewith at all times thereafter, DAC being entitled to request such payment proof at any time. CLAUSE SEVEN - CONCESSIONAIRE shall be required to prove its compliance with the Public Finances by showing the Certificate of Non-Existence of Taxes and Federal Contributions, and the Union Active Debt Payment Certificate, upon the execution hereof. CLAUSE EIGHT - CONCESSIONAIRE shall be bound to abide by the rights of those using the services hereunder, pursuant to art. 6, Law # 8078/90, without prejudice of the rules provided for in the Brazilian Code of Aeronautics and supplementary laws on such legal matter, and, in case of international public air transportation, of the provisions in the relevant Treaties and Conventions. CLAUSE NINE - CONCESSIONAIRE shall be bound to contribute to the AIR TRANSPORTATION FUND and maintain the proper records of such contribution, DAC being entitled to require the corresponding payment proof. CLAUSE TEN - DAC shall, from time to time and by means of agents duly accredited by the General Director, generally audit the CONCESSIONAIRE accounts regarding the airlines hereunder. CLAUSE ELEVEN - Regardless of such audits, DAC auditors shall be allowed to access CONCESSIONAIRE's accounting records at any time to inspect any air service related account hereunder or of the corresponding document.
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Related to CLAUSE FIVE

  • Clause means a clause of this Agreement;

  • subclause means subclause of the Clause in which the term is used;

  • Clauses means these contractual clauses, which are a free-standing document that does not incorporate commercial business terms established by the parties under separate commercial arrangements. The details of the transfer (as well as the personal data covered) are specified in Annex B, which forms an integral part of the clauses.

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Market Disruption Event means any of the following events as determined by the Calculation Agent in its sole discretion:

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • EU Standard Contractual Clauses means the standard contractual clauses promulgated by the Commission Implementing Decision (EU) 2021/914 of 4 June 2021 (C/2021/3972) on standard contractual clauses for the transfer of personal data to third countries pursuant to the GDPR.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Monthly Recurring Charge or “MRC” shall mean the monthly recurring charges for the Service as set out in the Customer Order Form or COF;

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • FX Market Disruption Event means each of the following events:

  • Floating Charge means a charge that, as created, was a floating charge;

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • Market Disruption means any of the following events or situations if, in the determination of the Calculation Agent, any of these is material to the valuation of a Reference Item or any Hedging Arrangements of the Issuer in relation to the Securities provided that any Market Disruption in respect of a Relevant Reference Item shall be deemed to be a Market Disruption in respect of the related Reference Item:

  • Standard Contractual Clauses means the clauses attached hereto as Exhibit 1 pursuant to the European Commission’s decision (C(2010)593) of 5 February 2010 on Standard Contractual Clauses for the transfer of personal data to processors established in third countries which do not ensure an adequate level of data protection.

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Applicable Business Day Convention means the “Business Day Convention” which may be specified in the Final Terms as applicable to any date in respect of the Instruments. Where the Final Terms specifies “No Adjustment” in relation to any date, such date shall not be adjusted in accordance with any Business Day Convention. Where the Final Terms fails either to specify an applicable Business Day Convention or “No Adjustment” for the purposes of an Interest Payment Date or an Interest Period End Date, then in the case of Instruments which bear interest at a fixed rate, “No Adjustment” shall be deemed to have been so specified and in the case of Instruments which bear interest at a floating rate, the Modified Following Business Day Convention shall be deemed to have been so specified. Different Business Day Conventions may apply, or be specified in relation to, the Interest Payment Dates, Interest Period End Dates and any other date or dates in respect of any Instruments.

  • Extraordinary Event means any event, circumstance or cause which Royal Bank determines has or will have a material adverse effect on the ability of Royal Bank to perform its obligations under the Notes or to hedge its position in respect of its obligation to make payment of amounts owing thereunder, including as a result of any of Royal Bank’s internal policies, and more specifically includes a Market Disruption Event in respect of any Share or Hedging Event.

  • Clause B Distribution shall have the meaning specified in Section 14.04(c).