YHL definition
Examples of YHL in a sentence
YHL or, as the case may be, YLL shall treat any such payment as a payment on account of the Group Relief Payments payable by such Claimants in accordance with subclause (7) above.
If YLL is entitled to withhold an amount in accordance with this paragraph (d), then if the amount so withheld would otherwise have been due and payable to YHL, YHL shall also be entitled to withhold a sum in accordance with (e) from any amount otherwise payable by it to any member of the Shareholder's Group to which belongs the Claimant whose unwillingness or inability to make a payment on account entitled YLL to withhold the amount which would otherwise have been due and payable to YHL.
This clause is without prejudice to any rights of the other parties to this agreement which shall have accrued prior to such date and nothing in this agreement shall affect any liabilities and financial obligations owed to YHL by the Shareholder which have accrued prior to the disposal of that Shareholder's Shares.
If A is greater than B, then on the next date on which interest is payable in respect of the YLL Loan Stock or would be so payable but for the Intercreditor Agreement, the excess of A over B shall be payable to YHL or, as the case may be, YLL by the Claimants to whom the Provisional Sum has been allocated in the manner described in paragraph (b) above.
Except as required by law, a request for a leave must meet the following conditions: The employee must have successfully completed twelve (12) months of service; The employee must have a bona fide intention of returning to work following the leave; The leave must not interfere with operational needs; and Except for leaves approved to permit an employee to complete an educational program or service in the Peace Corps, leaves may not exceed twelve (12) months.
If YHL or YLL becomes aware of any material variation during any Financial Year in the Project Budget it shall immediately notify each of the Shareholders.
The Shareholders, YHL and YLL shall at the same time ascertain from the Financial Model (as defined in the DBFO Contract), by reference to the same date, the interest which is forecast to be payable, in accordance with the Intercreditor Agreement, in respect of the YLL Loan Stock on or prior to the Last Date for Payment.
If YLL has reasonable grounds for considering that a Claimant is unable or unwilling to make such a payment on account of Group Relief Payments, YLL shall be entitled to withhold from any interest otherwise falling to be paid by it in respect of the YLL Loan Stock to YHL or to any member of the Shareholder's Group of which the relevant Claimant is a member, a sum equal to the amount payable on account by that Claimant.
Green Name Printed: Aprill J Green Title: CFO By: Name Printed: ▇▇▇▇▇: ▇ddress: 6601 Ly▇▇▇ ▇▇▇▇, ▇▇▇▇ A-7 Coconut Creek, FL 33073 Telephone/Facsimil▇: (▇▇▇) ▇▇▇-1000/(954) 596-2000 Federal ID No. Executed at: (time) 1:▇▇ ▇▇ ▇▇: (▇▇▇e) ▇-▇▇-▇▇ ▇▇ SUBLESSEE: Busung America Corp., A California Corporation By: /s/ Yong Ho Less Name Printed: Yong Ho Lee Title: President By: Name Pr▇▇▇▇▇: Title: Address: Tele▇▇▇▇▇/▇a▇▇▇mile: Federal ID No. YHL Initials BROKER: Lee & Associates Los Angeles South Bay, Inc.
The Shareholders and YHL hereby agree that YLL shall be discharged from any obligation to pay any amount which it withholds as aforesaid and that YLL shall be treated as if it had actually paid that amount in respect of the YLL Loan Stock.