MCEL definition
Examples of MCEL in a sentence
To the knowledge of MCEL, all other parties to such contracts are in compliance in all respects with all such contracts and have not breached any term of any such contract.
MCEL is in compliance in all material respects with all such contracts and has not breached any material term of any such contract.
With respect to each quarterly installment payment of the Purchase Option that MCEL has elected to make in accordance with Section 3.02(b), the Parties shall conduct a closing (each, a “Purchase Option Closing”).
MCEL shall have a right, exercisable upon written notice to Gecko within thirty (30) days after MCEL’s receipt of the Funding Notice, to provide financing to Gecko in such manner and on the terms and conditions set forth in the Funding Notice or other terms and conditions mutually acceptable to Gecko and MCEL.
For so long as MCEL shall provide funding to Gecko as provided herein, Gecko shall make any and all required payments under the terms of the License Agreement dated as of January 13, 2005, between Gecko and Motorola, Inc., as amended, and ▇▇▇▇▇▇ and ▇▇▇▇▇ hereby jointly and severally guarantee the payment of any and all such required amounts.
It is the Agent’s responsibility to ensure that MCEL receives full copy of the visa refusal notice in all cases where a booking is cancelled due to visa refusal.
On or prior to September 30, 2006, MCEL shall provide written notice to Gecko stating whether or not MCEL elects to exercise the Purchase Option with respect to the first calendar quarter of 2007.
For each student introduced by The Agent, MCEL will pay commission at the rate of 10% of the gross fees of the Summer School (calculated after any discounts have been applied).
In all cases where MCEL has been requested to mail documents by courier service, courier fees are payable to MCEL whether the Student(s) attends the Marlborough College School of English and Culture or cancels for whatever reason.
If at any time during the term of this Agreement or after the expiration or termination of such term, Gecko proposes to conduct a third party financing (including, without limitation, the right to subscribe for any securities of Gecko), then Gecko shall deliver a written notice (a “Funding Notice”) to MCEL specifying the requested amount of such financing, the specific payment terms (deferred, contingent or otherwise) and other material terms and conditions of such financing.