DICOL definition

DICOL means Distribuidora de Combustiveis e Lubri- ficantes, a corporation organized under the laws of the Borrower pursuant to Decree No. 41/77, dated December 31, 1977;
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Examples of DICOL in a sentence

  • DICOL shall implement in a timely manner the DICOL Financial Restructuring Plan, the DICOL Management Plan and the DICOL Financing Plan.

  • The DICOL project implementation and control team, established in accordance with paragraph 3 (b) (v) of Schedule 1 to the Development Credit Agreement, shall monitor implementation of Parts B and D.1 of the Project, and shall be responsible for coordinating the training of DICOL’s staff.

  • DICOL shall carry on its operations and conduct its affairs in accordance with sound administrative, financial and engineering practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.

  • The Borrower shall implement in a timely manner the Competitive Distribution Plan, the DICOL Financial Restructuring Plan, the DICOL Management Plan, the DICOL Financing Plan, the EAGB Financing Plan and the MNRI Financing Plan.

  • DICOL shall, not later than December 31, 1991, enter into an agreement with Pescarte, on reasonable commercial terms, pursuant to which DICOL shall obtain for a period of no less than three years the nonexclusive right to use the 45-ton barge and pusher tug owned by Pescarte.

  • In order to assist DICOL in carrying out Part B of the Project, DICOL shall employ consultants whose qualifications, experience and terms and conditions of employment shall be satisfac- tory to the Association.

  • DICOL shall, not later than June 30, 1992, implement an accounting and management information system satisfac- tory to the Assocation.

  • The Borrower shall, not later than December 31, 1991, cause Pescarte to enter into an agreement with DICOL, on reasonable commercial terms, pursuant to which DICOL shall obtain for a period of no less than 3 years the nonexclusive right to use the 45-ton barge and pusher tug owned by Pescarte.

  • DICOL shall not make capital investments (whether financed by borrowings or otherwise) aggregating in any DICOL fiscal year more than the equivalent of $250,000 without the consent of the Association, provided that the Association has responded, affirmatively or negatively, within 30 days of receipt of a written request from DICOL for its consent.

  • DICOL shall only sell petroleum products to Private Customers on a cash-and-carry basis.