Examples of Solutia Europe in a sentence
Pharmaceuticals Divestiture --------------------------- On May 23, 2006, Solutia's wholly-owned subsidiary, Solutia Europe S.A./N.V. ("SESA"), agreed to sell its pharmaceutical services business to Dishman Pharmaceuticals & Chemicals Ltd.
On May 23, 2006, Solutia's wholly-owned subsidiary, Solutia Europe S.A./N.V. ("SESA") agreed to sell its pharmaceutical services business to Dishman Pharmaceuticals & Chemicals Ltd.
In connection with the pledge of the shares of stock of Solutia Europe and Solutia UK, the Company will, and will cause each of its Subsidiaries to, execute and deliver such pledge agreements and other instruments, under the law of Belgium (in the case of Solutia Europe) and England and Wales (in the case of Solutia UK) to ensure that such pledge is valid, perfected and enforceable under such law, as applicable.
Ltd., Solutia China Ltd.) and of Solutia UK Holdings and Solutia UK Investments, and all intercompany promissory notes evidencing Indebtedness owing to such Loan Parties (other than in the case of the intercompany convertible bond made by Solutia Europe to Solutia Investments LLC and Monchem International, Inc., which shall be limited to 65% of the interest of Solutia Investments LLC and Monchem International, Inc.
Covenants were added that have the effect of limiting the ability of Solutia Europe S.A./N.V. and its subsidiaries to transfer assets or cash out of those entities until the Euro Notes are paid.
The transfer restrictions do not apply to a transfer of shares to (i) other shareholders or bondholders in Solutia Services International SCA/CVA and (ii) Citicorp Trustee Company Limited or any other third party upon the enforcement of the share pledge granted by Solutia Europe SA/NV to Citicorp Trustee Company Limited.
The shares held by Solutia Europe SA/NV in Solutia Services International SCA/CVA are subject to transfer restrictions as set out in article 8 of the articles of association of Solutia Services International SCA/CVA which provides for (i) pre-emptive rights for the existing shareholders and (ii) prior approval of the transfer of any shares by the board of directors of Solutia Services International SCA/CVA, in case none of the existing shareholders exercise their pre-emptive rights.
Without limiting the generality of the foregoing, the Company will take such action, and will cause each of its Domestic Subsidiaries (other than Immaterial Subsidiaries, unless such Immaterial Subsidiary holds shares of stock of Solutia Europe or Solutia UK) to take such action, from time to time as shall be necessary to ensure that each Domestic Subsidiary (other than an Immaterial Subsidiary) is a "Subsidiary Guarantor" under the Security and Guarantee Agreement.
Holders of the Euro Notes will be granted security interests in substantially all of the assets of Solutia Europe S.A./N.V. and certain of its subsidiaries (excluding Flexsys Holding BV), which subsidiaries will be added as guarantors of the Euro Notes, all to the extent permitted under applicable law and as further provided in the underlying documentation implementing the restructuring.
Section 6.01(n) of the Financing Agreement is hereby amended by --------- inserting the words ", either directly or by contributing the principal and interest thereof to Solutia Europe in exchange for the issuance of new stock," after the words "convert all or a portion thereof" appearing in clause (B) thereof.