Common use of PARAGRAPH TWO Clause in Contracts

PARAGRAPH TWO. This Instrument will also mature in advance, with the enforceability of the debt and immediate suspension of any disbursement, on the election date as a Federal Deputy or Senator, of a person who performs a remunerated function for the CLIENT, or is among its owners, controllers or officers, persons involved in the prohibitions provided for by the Federal Constitution, article 54, items I and II. There will be no more default charges, provided that the payment occurs within 5 (five) business days from the election date, under penalty of not incurring the charges provided for the cases of early maturity due to default.

Appears in 3 contracts

Sources: Financing Agreement (Eve Holding, Inc.), Financing Agreement (Eve Holding, Inc.), Financing Agreement (Eve Holding, Inc.)