U S E S. FIRST: SUBJECT OF THE AGREEMENT To state the terms and conditions through which the bonding scheme will operate in relation with obligations of advance payment, performance, good quality and/or hidden vices and conventional penalties raised from Contracts, Purchase Orders that the Beneficiary executes with his Suppliers, Contractors or Services Providers. The Contractors and Suppliers Master Bond is constituted by the following obligations that may be included, all or some, as the Beneficiary and Principal requires, upon the corresponding Inclusion Endorsements: Bid Offer The offer intending submitted by the Contractor or Supplier will be guaranteed upon each Inclusion Endorsement. Advance Payment The duly investment, partial or total, of all those amounts delivered to the Principal at any time within the effectiveness period executed by said Principal, that as an advance payment by the Beneficiary, will be guaranteed for the amounts of each Inclusion Endorsement, as well as the reimbursement of the amount of money neither invested nor amortized. Performance The delivery of goods, the work performance and/or the fulfillment of the obligations arisen upon the guaranteed contracts, under the conditions and specifications stated in said Contracts or Purchase Orders, as may be the case, executed by and between the Principal and the Beneficiary, referred at the Inclusion Endorsement will be guaranteed and it will be effective according to the non-fulfilled proportion, unless written acceptance by the Bonding Company, specifically at the corresponding Inclusion Endorsement, so that the proportionality means should not operate at those cases where the nature of the guaranteed obligation is clearly non divisible.
U S E S. FIRST. “TERM OF THE AGREEMENT”. The present Labor Agreement is executed for an Indefinite Term and may not be modified, suspended, breached, or terminated, unless the “EMPLOYEE” does not have the ability and skills named in DECLARATIONS of the present contract, to develop his responsibilities according to his position.
U S E S. I. SCOPE OF LEASE AGREEMENT. On the express terms and conditions set forth hereinafter, the scope of this Lease Agreement is as follows: PIMSA hereby leases to COMPANY and COMPANY hereby leases from PIMSA the land in the Industrial Park as described on EXHIBIT "B", which is attached hereto and made a part hereof, and PIMSA's Improvements as more specifically described hereinafter in this Lease Agreement.
U S E S. Cláusula 1.
U S E S. FIRST. The Trustor hereby irrevocably delivers and transfers to the Trustee, and the Trustee hereby receives and accepts delivery of the the share certificate representing the SBC Shares, in the trust and for the purposes set forth in this Agreement. The Trustee shall then grant to the Trustor the receipt that corresponds to the assets held in this trust. At any time, the Beneficiary may transfer to this Trust additional Series "AA" shares of America Movil in order to fulfill the purposes of this trust, and such shares shall become assets of this trust; provided, that the Beneficiary shall not transfer to this trust a higher percentage of Series "AA" shares than that allowed by America Movil's bylaws.
U S E S. FIRST. The deadline to sign this agreement will be January 2nd (or August 2nd), year 20 , and once the due date has expired, this agreement will be considered as accepted and signed by both Parties.
U S E S. FIRST.- Both parties are in agreement that, for the purposes of abbreviation, the following words shall be used: "THE COMPANY" to denote NORTH AMERICAN SHOE COMPANY S.A. DE C.V. "THE WORKER" to refer to Xxxxxxx Xxxxxxx Xxxxxxxx and "THE LAW" in reference to the Federal Labor Law.
U S E S. FIRST. THE DEBTOR hereby constitutes in favor of THE CREDITOR a pledge on the EQUIPMENT, which shall guarantee 100% of the Obligations assumed by THE CREDITOR towards THE DEBTOR pursuant to the Equipment Purchase Agreement and the Promissory Note. In addition, THE DEBTOR hereby constitutes in favor of THE CREDITOR a pledge in second degree on the TAG SHARES owned by THE DEBTOR which are kept in escrow by Tarrant Apparel Group.
U S E S. ONE. Amendments to the “
U S E S. FIRST. “THE DURATION OF THIS AGREEMENT”. This Employment Agreement shall be executed for an indefinite period and may only be amended, suspended, rescinded, or terminated by the mutual agreement of the parties or under the terms set forth by the Federal Labor Law, and applicable regulations. The “EMPLOYEE” shall assume their duties as Vice-President of Operations for the “COMPANY” on January 1, 2006. The date of May 15, 2000 is hereby recognized for the purposes of the calculation of seniority. In the event the “COMPANY” terminates this Employment Agreement without just cause, the “COMPANY” and the “EMPLOYEE” hereby agree that the sole obligation of the “COMPANY” shall be to pay the “EMPLOYEE” a severance amount equal to one year base salary and any additional payment made to the “EMPLOYEE” as severance under the terms of the Federal Labor Law, respective applicable regulations, and this agreement, shall be included in the aforementioned severance amount of one year base salary, with the understanding that in the event the payment of one year’s salary were to represent an amount less than that awarded by the benefits conceded by law, the employee shall receive payment for said difference, without this in any manner being considered payment of lost wages, as said payment will be made on the date of termination.
