Banco xx Xxxxxxx y Buenos Aires S. A., as Organizer and Administrative Agent, domiciled in Xxxxxxx Xxxxx X. Xxxx 498, Pergamino, Provincia de Buenos Aires, República Argentina.
Banco xx Xxxxxxx y Buenos Aires S. A. and its affiliates, or (y) any bank or trust company organized or licensed under the laws of Argentina or any state thereof that at the time of acquisition thereof has a local market credit rating of at least “BBB” (or the then equivalent grade) by S&P and the equivalent rating by Xxxxx’x;
Banco xx Xxxxxxx y Buenos Aires S. A., a subsidiary of the Company, the Company has agreed for the benefit of the Holders to provide the registration rights set forth in this Agreement. The Company agrees that for the benefit of the beneficial owners from time to time of the Preferred Shares (as defined herein) and any securities into or for which such Preferred Shares has been converted or exchanged, and the beneficial owners from time to time thereof (each of the foregoing a "Holder" and together the "Holders"), as follows:
Banco xx Xxxxxxx y Buenos Aires S. A. holds 68.218539% of the capital stock and voting rights and Banco xx Xxxxxxx (Cayman) Limited, the remaining 31.781461%.----------------------------------------------------------- ---------------------------------------------------------------------- The financial statements of Banco xx Xxxxxxx y Buenos Aires S.A. have been consolidated on a line-by-line basis with those of that company.- ---------------------------------------------------------------------- The June 30, 2002 financial statements of Tarjetas Regionales S.A., which were used for consolidation purposes, have in turn been consolidated on a line-by-line basis with those of Tarjeta Naranja S.A., Tarjetas Cuyanas S.A., Tarjeta Comfiar S.A. and Tarjetas del Mar S.A., in which Tarjetas Regionales S.A. holds a controlling interest.- ---------------------------------------------------------------------- ---------------------------------------------------------------------- ---------------------------------------------------------------------- ----------------------------------------------------------------------
Banco xx Xxxxxxx y Buenos Aires S. A..----------------------------- As a result, Grupo Financiero Xxxxxxx X.X. holds 37.50% and Banco xx Xxxxxxx y Buenos Aires S.A. holds 12.50% of the shares and voting rights of Sudamericana Holding S.A..---------------------------------- This subscription of shares was approved by the National Commission for the Defense of Competition on August 21, 2001.-------------------- In September 2001, Grupo Financiero Xxxxxxx X.X. acquired from Hartford Life International Ltd. (USA) and Hartford Life Ltd. (Bermuda) 50% of the capital stock and voting rights of Sudamericana Holding S.A., so the equity interest held by Grupo Financiero Galicia in that company is now 87.50%. On December 10, 2001, the National Commission for the Defense of Competition issued a resolution stating that no further notice of the above acquisition is required within the terms of Section 8 of Law 25156.-------------------------------------- ---------------------------------------------------------------------- On August 30, 2001, Grupo Financiero Xxxxxxx X.X. also purchased 175,000 ordinary, book-entry shares representing 87.50% of the capital stock and voting rights of Galicia Warrants S.A., and the remaining 12.50% belongs to Banco xx Xxxxxxx y Buenos Aires S.A..--------------- ---------------------------------------------------------------------- NOTE 16: SUBSEQUENT EVENTS----------------------------------------------------- ---------------------------------------------------------------------- As mentioned in Note 1 to these financial statements, Banco Galicia Uruguay S.A. is currently rescheduling its deposits. This rescheduling consists in returning to each of the savers a sum in cash equal to 3% of the respective total deposit amount, and the remaining balance will be returned by way of transferrable time deposit certificates or ordinary negotiable obligations to be issued by Banco Galicia Uruguay S.A..----------------------------------------------------------------- --------------------------------------------------------------------- As a result, on July 4, 2002 the Company approved a proposal by which it will receive US$ 1,391 in cash and US$ 44,975 in ordinary negotiable obligations, in exchange for investments totalling US$ 46,366 it held in that entity as of May 31, 2002.--------------------- ---------------------------------------------------------------------- On July 26, 2002, the Company entered into an agreement with Banco Galicia Uruguay S.A. by which it undertook to irre...
Banco xx Xxxxxxx y Buenos Aires S. A., the Organizer and Bank Xxxxxxx Xxxxx X. Xxxx 498, Pergamino, Provincia de Buenos Aires, República Argentina.
Banco xx Xxxxxxx y Buenos Aires S. A., the Administrative Agent Xxxxxxx Xxxxx X. Xxxx 498, Pergamino, Provincia de Buenos Aires, República Argentina. BANCO SANTANDER RÍO S.A., the Bank ***.
Banco xx Xxxxxxx y Buenos Aires S. A. has submitted for approval to the Central Bank of the Republic of Argentina (BCRA) a Regularization and Debt-Free Plan that was called "Capitalization and Liquidity", which included several measures aiming at reinforcing the BANK's financial position as well as the liquidity thereof.
Banco xx Xxxxxxx y Buenos Aires S. A. (the “Borrower”), a sociedad anónima organized and existing under the laws of the Republic of Argentina; and
Banco xx Xxxxxxx y Buenos Aires S. A. (the "Bank") has deposited US$15,432 in escrow as a guarantee for obligations toward third parties (VISA, Banelco, Master Card) and for an appraisal for the sale of portfolio.
