Paragraph Five Clause Samples
Paragraph Five. In order to serve public interest, under a specific authorizing law, the CONCESSION- GRANTING AUTHORITY may resume the service during the concession period, after payment of the compensation of the installments of investments attached to reversible assets, not yet amortized or depreciated, which have been made by the TRANSMISSION UTILITY so as to secure the continuity and modernity of the service granted. Paragraph Six – Upon verification of any of the default cases provided for in Law No. 8.987 of 1995, and in this CONTRACT, the CONCESSION-GRANTING AUTHORITY shall issue, in order to secure the continuity and modernity of the service, the declaration of caducity of the concession, which will be preceded by an administrative proceeding to prove infractions or failures of the TRANSMISSION UTILITY. The TRANSMISSION UTILITY shall have the right to ample defense and compensation, calculated in the course of the proceedings. The amounts of penalties and damages caused by the TRANSMISSION UTILITY will be deducted from the compensation ascertained. Paragraph Seven - The administrative default proceeding will not be filed until the TRANSMISSION UTILITY has been fully informed of the contractual infractions, and enough time has been given for the TRANSMISSION UTILITY to make the corrections of the alleged failures and transgressions pointed out. Paragraph Eight - The declaration of caducity shall not imply, for the CONCESSION-GRANTING AUTHORITY or ▇▇▇▇▇, any kind of liability for the charges, burdens, obligations or commitments with third parties or with employees of the TRANSMISSION UTILITY. Paragraph Nine - By means of a legal action specifically filed for this purpose, the TRANSMISSION UTILITY may terminate this CONTRACT, in the event of breach by the CONCESSION-GRANTING AUTHORITY of the contractual rules. In this case, the TRANSMISSION UTILITY shall not interrupt or stop the provision of the service until the final court decision ruling on the termination of this CONTRACT has been rendered. Paragraph Ten - In any of the cases of termination of the concession, the CONCESSION-GRANTING AUTHORITY will take over the service, directly or through its agents, to secure the continuity and regularity of the provision of PUBLIC SERVICE OF ELECTRIC POWER TRANSMISSION. SECTION THIRTEEN - COMMITMENT OF THE CONTROLLING SHAREHOLDER OR QUOTAHOLDER PARTNER Paragraph One - The transfer, in whole or in part, of shares that are part of the shareholding control will only be recognize...
Paragraph Five. For the purposes of item II of the main section of this Clause, the following definitions are adopted:
Paragraph Five. For the purposes of the special obligation referred to in item IV of this Clause, the CLIENT is considered aware of: I - receipt of summons, subpoena or notification, judicial or out-of-court, made by a judicial or administrative authority. II - communication of the fact by the CLIENT to the competent authority; and III - adoption of a measure by the CLIENT to correct and/or remedy the damages.
Paragraph Five. The Electric Distribution Lines and Systems of the Company, including the structures, towers, poles, wires, insulators and appurtenances, appliances, conductors, conduits, cables, transformers, meters, regulator stations and regulators, accessories, devices and equipment and all of the Company’s other property, real, personal or mixed, forming a part of or used, occupied or enjoyed in connection with or in anywise appertaining to said distribution lines and systems, together with all of the Company’s rights-of-way, easements, permits prescriptions, privileges, municipal or other franchises, licenses, consents, immunities and rights for or relating to the construction, maintenance or operation thereof, through, over, across, under, or upon any public streets or highways or other lands or property, public or private, all located in the Parish of Orleans, State of Louisiana. The Gas Distributing Systems of the Company, whether now owned or, subject to the provisions of Section 15.03 hereof, hereafter acquired, including gas regulator stations, gas main crossings, odorizing equipment, gas metering stations, shops, service buildings, office buildings, expansion tanks, conduits, gas mains and pipes, mechanical storage sheds, boilers, service pipes, fittings, city gates, pipelines, booster stations, reducer stations, valves, valve platforms, connections, meters and all appurtenances, appliances, devices and equipment and all the Company’s other property, real, personal or mixed forming a part of or used, occupied or enjoyed in connection with or in anywise appertaining to said distributing systems, or any of them, together with all of the Company’s rights-of-way, easements, prescriptions, servitudes, privileges, immunities, permits and franchises, licenses, consents and rights for or relating to the construction, maintenance or operation thereof, in, on, through, across or under any public streets or highways or other lands or property, public or private, including all the Company’s right, title and interest in and to the following situated in the State of Louisiana:
Paragraph Five. For the purposes of item II of the head provision of this Clause, the following definitions are adopted:
Paragraph Five. The CLIENT undertakes to: I - modify or supplement, by means of an endorsement, the conditions of the insurance deemed insufficient by the CREDITOR, taking into account the valuation of the asset carried out or accepted by him;
Paragraph Five. The Adviser agrees that the Sub-Adviser shall not be expected to recommend the purchase or sale of any security or other investment instrument (such as a credit default swap) to the extent applicable on behalf of any Fund on the basis of any information which might cause such purchase or sale to, in the Sub-Adviser’s opinion, constitute a violation of any federal or state laws, rules or regulations. The Sub-Adviser shall use its best judgment in carrying out its duties hereunder, but does not guarantee investment results. No past performance of the Sub-Adviser or its affiliates should be relied upon or considered a reliable indicator of present or future performance.
Paragraph Five. The Executive and the Company understand and agree that each has the right, upon fourteen (14) days' written notice (hereinafter referred to as the "Notice Period"), to terminate the employment relationship for any reason whatsoever. The Company may, at its option, pay the Executive for the Notice Period in lieu of active employment during the Notice Period. It is further agreed that Company may terminate such employment without any notice in the event Executive breaches this Agreement, commits any dishonest or fraudulent act or is unable to lawfully perform his duties hereunder.
Paragraph Five. For the purposes of the special obligation referred to in item V of this Clause, the CLIENT is considered aware of:
Paragraph Five. The amount calculated under the terms of this Clause, will be capitalized every [***].