While lenders may see that the company has hired customers and customers before production begins, they are more likely to allow an extension of a credit or credit. For example, acquisition agreements facilitate the financing of the construction of a facility. The Commission agrees with the Netherlands that the service described in the concession period and in the concession agreement constitutes a general service of economic infertility for the following reasons. The concession agreement was also amended in 2005 and 2007 to allow ENVC to sub-authorize part of the country to produce wind turbines. Frequent short expressions: 1-400, 401-800, 801-1200, More In reality, the repayment of the loan granted to the EIB is a commitment from the distributor resulting from financial agreements that the concessionaire had to enter into for the performance of the concession contract. . Results: 186. Exact data: 186. Time elapsed: 169 ms. . In the case of a concession, the amount of the royalty is set by the concession contract . How can I resume my translations in the vocabulary coach? Taketake agreements can also provide an advantage to buyers and serve as a means of securing goods at a specified price.
This means that prices for the buyer will be set before the start of production. This can be used as a hedge against future price changes, especially when a product becomes popular or a resource becomes scarcer, so that demand outstrips supply. It also guarantees that the requested assets will be delivered: the execution of the order is considered an obligation of the seller in accordance with the terms of the taketake contract. Taketake agreements also contain standard clauses that contain remedies – including penalties – that each party has in the event of a violation of one or more clauses. Taketake agreements are often used in the development of natural resources, where the cost of capital for resource extraction is high and the company wants to be guaranteed that part of its product will be sold. Taketake agreements are generally used to help the distributor acquire financing for future construction, expansion or new equipment projects, promising future revenues and demonstrating existing demand for goods. Most agreements contain force majeure clauses. These clauses allow the buyer or seller to terminate the contract if certain events occur outside the control of one of the parties and when one of the other parties encounters unnecessary difficulties.