TELECO definition
Examples of TELECO in a sentence
At the end of each [*], the Company and TELECO will review the balance of the escrow account.
The actual values could be higher and will depend on the official tariffs approved and applicable in Haiti by TELECO.
If for any reason, the funds deposited in the escrow account are not sufficient to cover the [*] contract installment, TELECO shall pay from its own funding the difference owed to the Company within a period of [*] from payment due date.
All revenues collected by TELECO shall be automatically deposited when subscriber pays for their services in an escrow account at a mutually agreeable international financial institution whose joint beneficiaries shall be the Company and Buyer.
In addition, Government of Haiti Guarantee should be issued by Banc Nationale D'Haiti, majority owner of TELECO, in favor of Company to serve as guarantee to the contracted project.
The escrow account shall be kept with a minimum balance equivalent to the amount of a [*] installment and the remaining funds in the account shall be disbursed to TELECO.
The Committee will consist of one representative from TELECO and one representative from Company.
If any matter is not resolved by the Committee, the General Director of TELECO or its designated representative and the Sales Vice president of Company or its designated representative shall constitute the Executive Board "The Board" of the Project and will solve any matter regarding this.
SCHEDULE 2 Contracts Included in Assets ---------------------------- VENDOR/SUPPLIER Type Term Terminates Amount *Ikon Capital Canon Copier 3 years 01/99 $ 203.00 month Maintenance $ 64.00 month *Pitney ▇▇▇▇▇ Postage Meter 51 mos 12/98 $ 108.52 quarterly Blue Ridge Mtn Water Water Cooler n/a $ 12.00 month, plus water AAA Parking Employee Parking Monthly n/a $ 250.00 month Atlanta Coca Cola Coke Machine Loan n/a N/A - Purchase drinks from Coca Cola TELECO Maint.
The validity of this Contract is contingent upon TELECO obtaining the License approval to operate in the proposed solution frequency band.