TELP definition
Examples of TELP in a sentence
TELP attachments: ANF TELP Authorization Form, TELP Lease Purchase Quote, Acceptance Certificate, Essential Use Letter) must be included.
TELPs paid with state funds must use the Commonwealth TELP (ITD) or the Statewide TELP (OSD).
Please note that TELP payments take the highest priority for payment, even above payroll.
Notwithstanding anything to the contrary herein, the pledge by Pledgee of any and all proceeds and distributions made pursuant to the TELP Partnership Agreement is not intended to prohibit any distributions permitted under the Loan Agreement.
TELP/ FAX/ HP : ▇▇▇▇▇▇▇▇▇▇/ 022 2035050/ 022 2033500 Dalam hal ini bertindak atas nama DIRGANTARA CAR RENTAL selaku pemilik kendaraan, selanjutnya disebut PIHAK PERTAMA.
To this end, Pledgor hereby irrevocably constitutes and appoints Pledgee the attorney-in-fact of Pledgor, with full power of substitution, to vote, and to act with respect to, the TELP Partnership Interest standing in the name of Pledgor or with respect to which Pledgor is entitled to vote and act, subject to the understanding that such appointment may not be exercised unless an Event of Default has occurred and is continuing.
The Pledgor further acknowledges the impossibility of ascertaining the amount of damages which would be suffered by Pledgee by reason of a breach of any such covenants and, consequently, agrees that, if Pledgee shall sue ▇▇▇ damages for breach, Pledgor shall pay, as liquidated damages and not as a penalty, an amount equal to the value of the TELP Partnership Interest on the date Pledgee shall demand compliance with this paragraph, but in no event to exceed the amount of the Obligations.
As long as an Event of Default has not occurred and is not continuing, Pledgor shall be entitled to exercise all voting rights with respect to the TELP Partnership Interest; provided, however, that no vote shall be cast or consent, waiver or ratification given or action taken which would impair the Collateral or violate any provision of this Agreement, the Loan Agreement or the Loan Documents.
Pledgee shall be under no obligation to delay a sale of any of the TELP Partnership Interest for the period of time necessary to permit the Borrower to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if the Borrower would agree to do so.
All sums of money and property so paid or distributed in respect of the TELP Partnership Interest which are received by the Pledgor shall, until paid or delivered to the Pledgee, be held by the Pledgor in trust, segregated from the other assets of the Pledgor, as additional collateral security for the Obligations.