INFONAVIT definition
Examples of INFONAVIT in a sentence
The Company and each of its Subsidiaries is in compliance with all Requirements of Law relating to social security legislation, including all rules and regulations of INFONAVIT, IMSS and SAR except to the extent that noncompliance therewith has not had during the preceding five (5) calendar years, and could not be reasonably expected to have, a Material Adverse Effect.
Also, to immediately pay any debts on taxes or contributions to the Mexican Institute of Social Security, the Retirement Savings System and to the Mexican Institute of Housing Funding "INFONAVIT", except for such payments being contested in good faith through the proper proceedings and if the corresponding reserves or guarantees pursuant to the applicable laws have been made.
The Supplier must inform the Mexican Social Security Institute (IMSS) and the National Workers’ Housing Fund Institute (INFONAVIT), as provided in the third paragraph of article 15-A of the Social Security Law (Ley del Seguro Social) and article 29-Bis of the National Workers’ Housing Fund Institute Law (Ley del Instituto del Fondo Nacional de la Vivienda para los Trabajadores).
The Company and each of its Material Subsidiaries is in compliance with all Requirements of Law relating to social security legislation, including all rules and regulations of INFONAVIT, IMSS and SAR, except to the extent that noncompliance therewith could not be reasonably expected to have a Material Adverse Effect.
The Company also agrees that when requested by the worker, it will provide him/her with a report of its contributions to the credit that they have with INFONAVIT, to which they will attach any documents that demonstrate said contribution, in compliance with Article 34 of the Law of the National Housing Fund for Workers.