OBJECT OF THE AGREEMENT definition

OBJECT OF THE AGREEMENT. BAC/HONDURAS, prior to the approval of the request presented by THE CREDITED PARTY, hereby places the amount of TWO HUNDRED AND EIGHTY-SIX MILLION LEMPIRAS and 00/100 (lps286,000,000.00) at the disposal of such CREDITED PARTY and, simultaneously, its lending capacity to undertake obligations with third parties, on behalf of the CREDITED PARTY, in the manner stated further on herein, all of which shall be used in the normal line of business. SECOND: “MODALITIES”: (1) The loan referred to in this agreement is limited to the amount stated in the preceding clause.- (II) this loan shall be understood to be a closed loan. - THIRD: “FORMS OF DISPOSAL”: (1) THE CREDITED PARTY will dispose of the amounts covered by this loan, fully or partially, by means of disbursement orders in the formats especially provided by BAC/HONDURAS, and subsequent credit to its deposit account at the Institution, overdrafts, acceptances, promissory notes, security discounts, endorsements, bank guarantees, letters of credit and other bank operations susceptible to being performed under this mode of credit and that the parties agree to in a timely manner.- FOURTH: “SPECIAL AND GENERAL TERMS AND CONDITIONS”: (1) For every disposal made by the CREDITED PARTY charged to the loan object of this agreement, the interests, legal tax and lien withholdings, commissions, expenses, terms and other modalities, as may be the case, that may be applicable to the specific transaction shall be agreed on.- (II) Notwithstanding the above stated, the following apply to this agreement: a) In the case of lack of reply, interests, legal tax and lien withholdings, as the case may be, respective commissions, expenses and personal and procedural costs and expenditures shall be borne by the CREDITED PARTY; b) THE CREDITED PARTY undertakes to open and keep a deposit account with BAC/HONDURAS, to which charges are hereby authorized to be made so as to pay for the payable obligations; c) BAC/HONDURAS reserves the right to abstain from attending, permitting or granting new provisions to THE CREDITED PARTY as part of the opening of the loan, at its entire criteria, for any reason whatsoever and without needing to justify such reason before THE CREDITED PARTY, whereas THE CREDITED PARTY hereby holds BAC HONDURAS harmless in the event of exercising this power; d) If upon the early or normal expiration of this agreement pending obligations exist towards third party bank guarantees, THE CREDITED PARTY undertakes to relieve ...
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Examples of OBJECT OF THE AGREEMENT in a sentence

  • OBJECT OF THE AGREEMENT As from 06 November (hereinafter referred to as "the Effective Date"), the Consultant will, as an independent contractor, provide the Company with the services and advice with respect to the management and operation of the new textile related operations at the Facility ("the Service").

  • THEREFORE, THE PARTIES HERETO AGREE TO THE FOLLOWING: OBJECT OF THE AGREEMENT THE CLIENT hires MI3 as financial public relation advisor.

  • Section 1 OBJECT OF THE AGREEMENT The Seller holds one share in the nominal amount of DM 50,000 in the Holding Company (the "Share").

  • ARTICLE 1 OBJECT OF THE AGREEMENT This Service Agreement (hereinafter, “the Agreement”) defines: • the service performances of the Supplier for FERROPEM users at all levels of the organization; • the arrangements made in order to monitor the commitments and relations between the Supplier and its Client; • the conditions in which the Supplier provides the services and IT products requested by the Client.

Related to OBJECT OF THE AGREEMENT

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

  • This means we liquidate purchase payments in the order they were made: the oldest unliquidated purchase payment first, the next oldest unliquidated purchase payment second, etc., until all purchase payments have been liquidated. The surrender charge as to any liquidated purchase payment is determined by multiplying the amount of the purchase payment being liquidated by the applicable percentage shown in the Schedule. The total surrender charge will be the sum of the surrender charges for each purchase payment being liquidated. In a partial withdrawal, the surrender charge is deducted from the Account Value remaining after you are paid the amount requested. The amount requested from a Sub-Account may not exceed the value of that Sub-Account less any applicable surrender charge. In a complete withdrawal (or surrender of this Contract), it is deducted from the amount otherwise payable. CHARGES -------------------------------------------------------------------------------- The types and amounts of charges and when and how they are deducted are described in the Schedule. OWNER, ANNUITANT AND BENEFICIARY -------------------------------------------------------------------------------- The Owner - You are the Owner of this Contract. You have the rights and options described in this Contract, including but not limited to the right to receive the income payments beginning on the Income Date. One or more people may own this Contract. The Annuitant - Unless another Annuitant is shown in the Schedule, you are also the Annuitant. You may name a Contingent Annuitant. You will be the Contingent Annuitant unless you name someone else. If there are joint Owners, we will treat the youngest Owner as the Contingent Annuitant, unless you elect otherwise. If you are not the Annuitant and the Annuitant dies before the Income Date, the Contingent Annuitant becomes the Annuitant. If the Annuitant dies and no Contingent Annuitant has been named, we will allow you sixty days to designate someone other than yourself as Annuitant. The Beneficiary - We pay the death benefit to the primary Beneficiary (unless there are joint Owners in which case proceeds are payable to the surviving Owner). If the primary Beneficiary dies before the Owner, the death benefit is paid to the Contingent Beneficiary, if any. If there is no surviving Beneficiary, we pay the death benefit to the Owner's estate. One or more persons may be named as primary Beneficiary or Contingent Beneficiary. We will assume any death benefit is to be paid in equal shares to the multiple surviving Beneficiaries unless you specify otherwise. You have the right to change Beneficiaries. However, if you designate the primary Beneficiary as irrevocable, you may need the consent of that irrevocable Beneficiary to exercise the rights and options under this Contract. Change of Owner, Beneficiary or Annuitant - During your lifetime and while this Contract is in force you can transfer ownership of this Contract or change the Beneficiary, or change the Annuitant. (However, the Annuitant cannot be changed after the Income Date.) To make any of these changes, you must send us Satisfactory Notice. If accepted, any change in Owner, Beneficiary or Annuitant will take effect on the date you signed the notice. Any of these changes will not affect any payment made or action taken by us before our acceptance. A change of Owner may be a taxable event and may also affect the amount of death benefit payable under this Contract. DEATH BENEFITS -------------------------------------------------------------------------------- Death Benefit Before the Income Date - If any Owner dies before the Income Date, we will pay the Beneficiary the greatest of the following:

  • the Agreement means the agreement of which a copy is set out in the First Schedule, and, if that agreement is added to or varied or any of its provisions are cancelled, in accordance with the provisions thereof, includes the agreement as so altered from time to time;

  • Specified Merger Agreement Representations means such of the representations and warranties made with respect to the Company and its Subsidiaries by the Company in the Merger Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders.

  • Existing Agreement has the meaning set forth in the recitals hereto.

  • representation agreement means the written agreement between a money transfer service provider and a representative of the money transfer service provider that states the terms on which the representative offers the money transfer service within Australia;

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • hereof herein" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section and paragraph references are to this Agreement unless otherwise specified.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Acquisition Agreement Representations means the representations and warranties with respect to the Companies made by the Seller in the Acquisition Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders, but only to the extent that the Borrower or its Affiliates have the right to terminate its or their obligations under the Acquisition Agreement (or decline to consummate the Rockwood Acquisition) as a result of a breach of such representations in the Acquisition Agreement.

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Master Agreement has the meaning specified in the definition of “Swap Contract.”

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Governing Law This Agreement is governed by, and shall be construed in accordance with, English law.

  • Eleventh Amendment means that certain Eleventh Amendment to Credit Agreement, dated as of April 29, 2022, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent, the Lenders party thereto, the Revolving Letter of Credit Issuers and the various other parties party thereto.

  • Tenth Amendment means that certain Tenth Amendment to Credit Agreement, dated as of November 15, 2019, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent and the Lenders party thereto.

  • Consent to subcontract means the Contracting Officer’s written consent for the Contractor to enter into a particular subcontract.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • Original Agreement has the meaning set forth in the recitals.

  • Specified Purchase Agreement Representations means the representations and warranties made by the Seller or the Company in the Purchase Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or the Borrower’s Affiliates) has the right (taking into account any applicable cure provisions) to terminate the Borrower’s (or such Affiliates’) obligations under the Purchase Agreement, or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof), as a result of a breach of such representations and warranties.

  • Merger Agreement has the meaning set forth in the Recitals.

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Fundamental Representations and Warranties means the representations and warranties contained in Sections 3.1, 3.2, 3.6, 4.1 and 4.3.

  • Indemnification Agreements has the meaning set forth in Section 2.5.