CHARGES AND CONDITIONS Sample Clauses

CHARGES AND CONDITIONS. The contributed assets are transferred according to the charges and conditions listed below:

CHARGES AND CONDITIONS. The Buyer: • property titles, building lease, long-term lease, condominium rules, volume division, subdivision, particular areas, and any document concerning the Building, • the provisions of development plans that will be in force at that time, • the Law. • will pay, on the day of signing the authenticated deed of sale, all amounts due which have not yet been paid by the Lessee, and will make a provision covering the entire property tax (established based on the billing of the previous year), and undertakes to pay and/or reimburse any additional amount that could be claimed by the tax authorities for the ownership or use of the Building, under the conditions provided in the Property lease agreement, as well as the charges related to the Building. • Will be personally responsible for the situation of the Building with respect to former or future pollution, without recourse against the Lessor in accordance with the provisions of the Lease Agreement.

CHARGES AND CONDITIONS. In addition, this lease is executed under the following charges and conditions which Lessee pledges to perform and accomplish under penalty of any damages and even cancellation if Lessor so chooses: 1) Lessee must furnish and keep furnished the leased premises with equipment, merchandise, furniture and movables, in sufficient quality and value to cover the payment of the rent and the performance of the conditions of the lease. 2) Lessee may not close the leased premises, which must remain open for the aforementioned commercial activity throughout the term of the lease and until its expiration, except in case of force majeure or Lessee's need to do work that requires closing. 3) It will keep the premises in good tenant repair conditions throughout the term of the lease and will do at its own expense all works or repairs of any nature which are or may become necessary, including those that may arise from a regulatory obligation, so that at the end of the lease, it may return them in good tenant repair condition. It is also agreed that, should the administration or any authority whatsoever require, at a certain time, a modification and/or utilization of the space, even if such requirement follows a case of force majeure, all charges and consequences of this modification and/or utilization will be fully paid by Lessee, which pledges to do so. However, Lessee may not be obligated to do the work necessary for such modification and/or utilization of the space. 4) Lessee pledges to maintain and replace, at its expense, any amount of work and repairs (including due to old age) all installations, pipes, devices, closures and, more generally, all elements furnishing or making up the leased premises, without exception. Lessee agrees that, should it fail to do all work related to maintenance, repair and replacement in its charge, Lessor may do such work and repairs in its place and stead, thirty days after sending a registered letter with return receipt requested, which remains without response, except in emergencies; Lessee pledges to reimburse the actual cost thereof, including all related expenses and fees within fifteen days from receipt of Lessor's statement. 5) It will enjoy the premises as a good head of family, in accordance with the utilization indicated above, and may not, in any case, do or cause anything to be done that may deteriorate them; it must immediately notify Lessor of any damage caused to the entire property and all damage or deterioration produce...

CHARGES AND CONDITIONS. The aforesaid contributions are free of any charges and conditions other than those set forth below: 3.1. Statement of charges and conditions A. Any increases, rights, new investments, risks, profits, overhead, charges and expenses related to the contributed assets will be incumbent on the Beneficiary, with the latter agreeing as of now to take the assets and liabilities as they exist on the date on which it receives the Contribution, which shall be deemed to be as they existed as of 1 January 2020. B. The Beneficiary shall take the contributed assets in the condition in which they exist on the Date of Completion of the Contribution, without having the right to take action against the Contributor for any reason whatsoever, particularly for wear and tear on, or the bad condition of, the contributed installations, furnishing items, tools and equipment, or for an error in the description or nature of the assets, regardless of the significance thereof. C. The Contributor will be bound, jointly and severally with the Beneficiary, for the liabilities transferred in the context of this Contribution. D. As stated hereinabove, the Contributor agreed to make the subject Contribution in consideration of the Beneficiary’s payment– apart from the compensation in the form of new securities issued by the Beneficiary- of the Contributor’s liabilities related to the Contributed Line of Business and described hereinabove, pursuant to the terms and conditions stipulated for their present or future payments. Generally, the Beneficiary shall assume the Contributor’s liabilities as they exist on the Date of Completion, but only if they are related to the contributed assets. It is specified that the aforesaid amount of the Contributor’s liabilities related to the Contributed Line of Business as of 1 January 2020 -- which is given merely as an indication -- does not constitute an acknowledge of debts to alleged creditors, which, in any event, will be required to establish their rights and prove their claims. Finally, the Beneficiary shall assume the liabilities of the Contributed Line of Business, that had not been booked and transferred by virtue of this Agreement, as well as the liabilities of the Contributed Line of Business that existed prior to 1 January 2020, but which might be revealed only after the definitive completion of the Contribution. 3.2. The Contributor’s Contribution is also subject to the following charges and conditions: A. As of the Date of Completion, the Be...

CHARGES AND CONDITIONS. The present lease is also agreed to and accepted under the following general specifications and conditions, which the LESSEE is obligated to execute and accomplish, namely: 1ST) The LESSEE shall take the leased premises in their condition on the date when the lease takes effect, without being able to require from the LESSOR any management or repair at any time or of any kind.

CHARGES AND CONDITIONS. The contributions are conferred under the general and legal conditions, and in particular under the following conditions: • ARTOIS PLASTURGIE will take over the transferred tangible goods in their state on the date of the entry into possession, without the power to exercise any right or recourse against SAMSONITE, for any reason whatsoever, such as the bad state of the materials, errors in designation or consistency, etc.; • With respect to the immovable goods and rights transferred to ARTOIS PLASTURGIE, the latter will take over the concerned goods and rights in their state at the time of the taking into possession without the power to exercise any right or recourse against SAMSONITE, namely with respect to the state of the immovable goods related to the transferred goods and any defects of whatsoever nature, apparent or hidden, or with respect to the designation or the indicated capacities, any error in the designation and any difference in capacity (in surplus or in minus), if any, being the loss or profit of ARTOIS PLASTURGIE; • ARTOIS PLASTURGIE will tolerate the passive easements encumbering – or which might encumber - the transferred immovable goods, except for defending itself and taking profit from the active easements, if any, at its own risk, without any right against SAMSONITE and without the present stipulations conferring more rights than as provided by law or by ordinary non-prescribed titles on anyone; • A copy of the immovable goods cards relating to the immovable assets figures in Annex 6 A; • From the date of the entry in possession, ARTOIS PLASTURGIE will pay all taxes (including the property tax pro rata temporis for the year 2005), contributions and fees due – or which may be due – in respect of the transferred goods, as well as all ordinary or extraordinary duties and any other charges of whatsoever nature, which are – or will be – inherent in the use of the transferred goods; • ARTOIS PLASTURGIE will continue the employment contracts of the employees working on the Hénin-Beaumont site pursuant to article L122-12 of the Employment Code; Annex 6 B provides a list; • ARTOIS PLASTURGIE will execute all contracts, understandings and agreements with any third parties with respect to the use of the transferred goods; • It will conform to the laws, decrees, regulations and practices relating to the use in the same way of the transferred goods and it will personally be responsible for the permits that might be necessary, at is own risk. In p...

CHARGES AND CONDITIONS. The sale is made and accepted under the customary and legal conditions, and namely the following: For the Seller: - to pay all expenses, charges and disbursements relating to the operating of the business until the Buyer takes possession; - to guarantee to the Buyer, in accordance with article 1641 et seq. of the Civil Code, the declarations made with respect to the origin of title, the liens on the business and the turnover for the past three years; - to assist the Buyer, at its request, for the first three months following the entry into possession, to present the Buyer to its clients and suppliers and to inform it of any particular issues regarding the business; - the keep its accounting books at the disposal of the Buyer for a period of three years following the entry into Possession; - to remit to the Buyer all title deeds, insurance policies and generally all acts and documents regarding the business which are in its possession;

CHARGES AND CONDITIONS. The Beneficiary shall be the owner of the assets and rights contributed as a partial contribution of assets and shall have the right to use them from the Completion Date. This Contribution is made subject to the usual and legal conditions in such matters and, in particular, to the following conditions, which the Beneficiary undertakes to fulfil: 6.1. The Beneficiary shall take the property and rights to be contributed with all tangible and intangible elements, including movable objects and equipment, in the state 6.2. 6.3.

CHARGES AND CONDITIONS. The present lease is granted under the charges and conditions of the ordinary law and the practices in such matters and under the following particular provisions which FORAFRIC MAROC S.A. agrees to comply with and execute, as follows: 1. To keep the premises in a good state of repair and to carry out at its own expense any repairs required to the electricity and water installations. 2. To look after the leased premises with care in accordance with their use and not to carry out any conversion of any kind or building work without the Lessor’s express consent. 3. Immediately to inform the Lessor of any damage and major repairs that may affect the deposits. 4. Not to grant any total or partial sub-leases of the premises or assign all or part of its rights as a lessee. 5. To pay all the charges and town, police and cleaning taxes which lessees are normally liable to pay. 6. To take out insurance with a specialist company; in this respect, the Lessor does not assume any liability for any damage caused to the property unless this results from the condition of the building work. 7. To pay all the stamp duties and registration fees of the present document, and this formality must be completed by the Lessee even in the event of renewal.