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a) The collection of funds from organizations and persons which/who
have financial obligations to the Trustee and the credit of the amounts
so received onto « X» account No._______ at the
Bank___________________________,
Geneva, Switzerland or to the other accounts which shall be specified
and scheduled by the Trustee for each amount collected.
b) The transfer of amounts collected and credited according to clause
2a. onto the accounts of Russian and foreign organizations and persons
in accordance with the Trustee’s order’s for:
- payments for shipments of goods or services provided by the Trustee;
- payments of penalties and/or interest that the Trustee must pay to its
creditors;
- payments of other invoices that the Trustee must pay to its creditors.
c) The use of the amounts of the Trustee transferred to « X» account or
other accounts according to clause 2a. of this Contract for the purchase
of property, goods and services in accordance with orders and
specifications provided by the Trustee.
3. « X» has the right:
a) to collect a commission of one per cent (1%) out of amount
transferred to the Trustee as stipulated in clause 2a. of this Contract.
b) to collect the following expenses borne by « X» , connected with the
execution of the Trustee’s orders:
- bank charges;
- legal fees;
- fees for third party services, if the principle of these fees was
previously approved by « Trustee» .
c) to demand at the Trustee’s order and from the Trustee’s name the
liabilities due from the Trustee’s order and from the Trustee’s name the
liabilities due from the Trustee’s debtor’s, in accordance with legal
regulations.
d) to transfer at the Trustee’s order the appropriate amounts of money to
creditors by means and in currency previously agreed upon with these
creditors.
2. Terms of the Contract
4. The Contract comes into effect as from_____________ and is valid
up to_______________________________________.
5. The Contract may be cancelled by either party with 90 days’ previous
notice.
20 a) The collection of funds from organizations and persons which/who have financial obligations to the Trustee and the credit of the amounts so received onto «X» account No._______ at the Bank___________________________, Geneva, Switzerland or to the other accounts which shall be specified and scheduled by the Trustee for each amount collected. b) The transfer of amounts collected and credited according to clause 2a. onto the accounts of Russian and foreign organizations and persons in accordance with the Trustee’s order’s for: - payments for shipments of goods or services provided by the Trustee; - payments of penalties and/or interest that the Trustee must pay to its creditors; - payments of other invoices that the Trustee must pay to its creditors. c) The use of the amounts of the Trustee transferred to «X» account or other accounts according to clause 2a. of this Contract for the purchase of property, goods and services in accordance with orders and specifications provided by the Trustee. 3. «X» has the right: a) to collect a commission of one per cent (1%) out of amount transferred to the Trustee as stipulated in clause 2a. of this Contract. b) to collect the following expenses borne by «X», connected with the execution of the Trustee’s orders: - bank charges; - legal fees; - fees for third party services, if the principle of these fees was previously approved by «Trustee». c) to demand at the Trustee’s order and from the Trustee’s name the liabilities due from the Trustee’s order and from the Trustee’s name the liabilities due from the Trustee’s debtor’s, in accordance with legal regulations. d) to transfer at the Trustee’s order the appropriate amounts of money to creditors by means and in currency previously agreed upon with these creditors. 2. Terms of the Contract 4. The Contract comes into effect as from_____________ and is valid up to_______________________________________. 5. The Contract may be cancelled by either party with 90 days’ previous notice.
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