Common use of FOURTH PARAGRAPH Clause in Contracts

FOURTH PARAGRAPH. To support the obligation of paying the rent THE LESSEE shall granted in favor of THE LESSOR the guarantees it may demand. FIFTH PARAGRAPH THE LESSEE resigns the formalities of receiving a requirement expressly to fall in a late payment in the event of delay or non compliance of the obligations agreed upon in this contract and accepts from now on as full proof of any nonfulfillment the communication addressed to this party by THE LESSOR or to the application filed vis a vis the competent authority to obtain its rights.

Appears in 1 contract

Sources: International Leasing Agreement (Transtel S A)

FOURTH PARAGRAPH. To support the obligation of paying the rent THE LESSEE shall granted in favor of THE LESSOR the guarantees it may demand. FIFTH PARAGRAPH THE LESSEE resigns the formalities of receiving a requirement expressly to fall in a late payment in the event of delay or non compliance of the obligations agreed upon in this contract and accepts from now on as full proof of any nonfulfillment non fulfillment the communication addressed to this party by THE LESSOR or to the application filed vis a vis-a-vis the competent authority to obtain its rights.

Appears in 1 contract

Sources: International Leasing Agreement (Transtel S A)

FOURTH PARAGRAPH. To support the obligation of paying the rent THE LESSEE shall granted in favor of THE LESSOR the guarantees it may demand. FIFTH PARAGRAPH THE LESSEE resigns the formalities of receiving a requirement expressly to fall in a late payment in the event of delay or non compliance of the obligations agreed upon in this contract and accepts from now on as full proof of any nonfulfillment non fulfillment the communication addressed to this party by THE LESSOR or to the application filed vis a vis the competent authority to obtain its rights.

Appears in 1 contract

Sources: International Leasing Agreement (Transtel S A)

FOURTH PARAGRAPH. To support the obligation of paying the rent THE LESSEE shall granted in favor of THE LESSOR the guarantees it may demand. FIFTH PARAGRAPH THE LESSEE resigns the formalities of receiving a requirement expressly to fall in a late payment in the event of delay or non compliance of the obligations agreed upon in this contract and accepts from now on as full proof of any nonfulfillment nonfulfilment the communication addressed to this party by THE LESSOR or to the application filed vis a vis the competent authority to obtain its rights.

Appears in 1 contract

Sources: International Leasing Agreement (Transtel S A)

FOURTH PARAGRAPH. To support the obligation of paying the rent THE LESSEE shall granted in favor of THE LESSOR the guarantees it may demand. FIFTH PARAGRAPH THE LESSEE resigns the formalities of receiving a requirement expressly to fall in a late payment in the event of delay or non compliance of the obligations agreed upon in this contract and accepts from now on as full proof of any nonfulfillment non fulfillment the communication addressed to this party by THE LESSOR or to the application filed vis a vis the competent authority to obtain its rights.

Appears in 1 contract

Sources: International Leasing Agreement (Transtel S A)