WESI definition
Examples of WESI in a sentence
TO HAVE AND TO HOLD the WESI Stock unto WBE LLC, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.
Collectively, WII, WEI, WEC, WSECI, IAFI, PMPI, GC, WESI, WEVI, WIIT, WBC and WRMI.
Within ten (10) days of the AFE meeting, WESI will be obligated to place that Calendar Quarter’s Capital Requirement into an operations account visible to DESAL over which DESAL shall have a lien and security interest, entitling DESAL, following a default by WESI under this Agreement or the JOA, to “control” and to a right of access to the funds on deposit therein, notwithstanding any objection by WESI.
An even closer look at the highest Latin American WESI scores in the Korean market reveals that these high values in some cases are due to only one or two product groups that make up most of the sum.
The difference for Mexico’s lower WESI value might be explained by its relatively high export amounts to the U.S. market when compared to Korea, which might cause a tendency towards lower Mexican WESI values.
No transfer by WESI of its Participating Interest or any portion thereof during the Waiver Period will be effective unless WESI and such proposed assignee has demonstrated to DESAL’s complete satisfaction that the person seeking to acquire such Participating Interest or portion thereof has sufficient financial and technical resources to successfully fulfill all of WESI’s obligations hereunder and under the JOA.
Interestingly, the dominant section for the decomposition of Chile’s WESI (compared with the decomposition of its ESI) shifts to chemicals and related products (section 5), whereas for Brazil food and live animals gains increased weight compared to the decomposition of its ESI value.
Except as otherwise agreed in the JOA and as otherwise provided in Articles 4.2 (e) and (f) of this Agreement, if WESI fails to complete the work and pay the amounts due under Article 4 of this Agreement by the applicable dates, WESI shall be in default and such amounts less any amounts received by DESAL pursuant to Article 4.2 (f) of this Agreement shall accrue interest at a rate per annum equal to the Default Rate calculated from the due date until the date of payment.
These meetings will be to confirm the expenditure and operations for the immediately upcoming Calendar Quarter and the capital necessary for WESI to achieve such expenditure and operations (“Capital Requirement”), consistent with the approved Work Program and Budget, unless modified in accordance with the process stipulated in Article 4.2(c).
In connection with the foregoing, WESI hereby appoints DESAL as its true and lawful attorney to sign such documents and make such filings and applications as may be necessary to make legally effective the assignments and transfers contemplated by this Article 13 and the JOA, and to obtain any necessary consents of the Government.