PARAGRAPH ONE definition

PARAGRAPH ONE. For the effect of the provision in this Section, the concept of transfer within the same legal entity includes any transfer among the current shareholders and:

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PARAGRAPH ONE. In no case shall changes in the financial condition of the BUYER or SELLER constitute an Exculpatory Event under this Agreement. Neither BUYER nor SELLER shall be liable for failure to perform or for the imperfect fulfillment of all or any of its obligations set forth in this Agreement if such failure is caused by events constituting Force Majeure, Act of God or Exculpatory Event, duly evidenced. Force Majeure, Acts of God or Exculpatory Events do not discharge BUYER from its obligation to pay SELLER those invoices for the supply of crude that has been delivered by SELLER in accordance with the terms of this Agreement. The occurrence of any of the events specified in this Clause shall not in any way exempt or release the Parties from meeting their obligations contracted and / or caused prior to the occurrence of the events referred to in this Clause.

PARAGRAPH ONE. The signing of separate agreements can account for other details regarding the exchange program. These agreements must be approved by the administration office of each institution or facilities concerned, following the specific rules of each institution.

Examples of PARAGRAPH ONE in a sentence

PARAGRAPH ONE OF ONE: The parties hereby agree to enter into Specific Agreements for each of the inter-institutional actions to be developed, respecting the laws of each country.
PARAGRAPH ONE OF ONE: The Specific Agreements may forecast financial expenses, provided that they meet the statutory requirements of each institution.
PARAGRAPH ONE OF ONE: The termination of this agreement does not entail any financial penalty or otherwise.
WE HEREBY UNDERTAKE TO PROMPTLY HONOR YOUR SIGHT DRAFT(S) DRAWN ON US, INDICATING OUR CREDIT NO, U-810886 FOR ALL OR ANY PART OF THIS CREDIT UPON PRESENTATION OF YOUR DRAFT DRAWN ON US AT OUR OFFICE SPECIFIED IN PARAGRAPH ONE ON OR BEFORE THE EXPIRATION DATE HEREOF OR ANY AUTOMATICALLY EXTENDED EXPIRY DATE.
PARAGRAPH ONE: Any of the Parties may propose the change or addition of a Point of Delivery; in such case, the Parties, by mutual consent, shall define the new Point(s) of Delivery and the conditions governing over them through an amendment to be signed by the legal representatives of the Parties.

More Definitions of PARAGRAPH ONE

PARAGRAPH ONE. The payment of fines and penalties set out in the clauses above shall not exempt LESSEE from solving any damage that it may perchance cause to the REAL PROPERTY.

PARAGRAPH ONE. In the event of an earlier completion of the building, than the term set forth in the caput of this clause, the parties mutually agree that the LESSEE shall occupy the building within forty-eight (48) hours upon prior notice from LESSOR. Paragraph Two: This Agreement shall not be affected by any termination or by any compensation clause in case the buildingis not delivered in the terms set forth herein, provided that such delay is caused by any of the reasons above described. In such case, LESSEE will be granted the lease terms as provided hereunder in Clause Five, Paragraph Two of this Agreement.

PARAGRAPH ONE. As to the report referred to in this clause, RBSAS may request IDG LATAM any clarification that might be required and which is directly related to the purpose of the Contract. IDG LATAM will respond to such request in a reasonable time according to its complexity.

PARAGRAPH ONE. The nominal value of the credits is BRR 158,598,665.28 (One hundred fifty-eight million five hundred ninety-eight thousand six hundred sixty-five reais and twenty-eight centavos), representing the amounts contributed up to December 31, 2001.

PARAGRAPH ONE. The Annual Balance Sheet of the Company shall be prepared at the end of each fiscal year.

PARAGRAPH ONE. In case that the Expert takes more than ten (10) calendar days to carry out the analysis and conclude if IDG LATAM breached the obligations of this Contract and its Annexes or not, RBSAS may provisionally withhold, while the Expert considers whether there was breach or not of IDG LATAM, any sum of money owed to IDG LATAM associated with the Maintenance Services. For the avoidance of doubt RBSAS agrees that under no circumstances will either this withholding or the penalty be applicable to any amount payable for the Physical Availability of Equipment Service. In case that the Expert concludes that IDG LATAM is not in breach, RBSAS must immediately pay to IDG LATAM the sum withheld from IDG LATAM, duly indexed.

PARAGRAPH ONE. The liability of the quotaholders is limited to the total value of the capital stock of the Company, PARAGRAPH TWO: The quotas of the Company are indivisible and each quota "A" confers its holder the right to one vote in the resolutions of the Quotaholders General Meetings.