Common use of CLAUSE THREE Clause in Contracts

CLAUSE THREE. The STATE is granted a grace period in the payment of interest and amortization in the period from April to December 2016 and, from January to December 2017, only amortization. Single paragraph. Interest and amortization amounts for the period from April to December 2016, as well as amortization for the period from January to December 2017, will be added to the balance due on the respective due dates set forth in the Fourth Addendum.

Appears in 2 contracts

Sources: Addendum to the Instrument of Agreement (Energy Co of Parana), Instrument of Agreement (Energy Co of Parana)