Proposal for the International Noteholders Subclass Sample Clauses

Proposal for the International Noteholders Subclass. The maturity of the credits subject to this letter Section VIII.A shall be extended for a maximum period of 90 days from the date on which the Deliberative Meeting is held, unless prior to such maximum period it becomes certain that the Conditions (as defined below) will not be verified, in which case the term of the extension shall expire on the day on which such conditions have failed (the “International Notes Extension”), unless the Creditors Committee decides to maintain the International Note Extension as provided in Section XVII of this Agreement. As long as the Conditions are not satisfied, the International Notes will remain in force in accordance with their original terms (including interest accrued after the reorganization request), the events of default and the rights and remedies existing under the Indenture for existing events of default will not be waived; and the current collateral and guarantees of the International Notes, shall remain in full force and effect, provided that, subject to compliance with the Conditions, the guarantees granted by Xxxxxx del Norte S.A., Enjoy Caribe SpA, Casino de Iquique S.A., Casino de Puerto Xxxxx X.X. and Yojne S.A. (hereinafter the “International Notes Security”). The foregoing, notwithstanding the fact that, while the International Notes Extension is in force, the International Noteholders undertake not to initiate or continue, either individually or collectively, any enforcement procedure, to the extent that the Conditions are pending. Subject to the fulfilment of the Conditions (as defined below) the International Notes will be renegotiated on a non-new basis, such rearrangement being reflected in a new Indenture, new Notes, and the collateral documents necessary to extend, ratify and reserve the current International Note Security to the extended and restructured debt (hereinafter, the “New Indenture” and the “New International Notes” and, collectively, the “New Instruments”), in accordance with the terms set out below. The New International Notes will be divided into two tranches, which will correspond to the Tranche A International Notes and the Tranche B International Notes, maintaining the special characteristics of the Tranche A International Notes described above.
AutoNDA by SimpleDocs

Related to Proposal for the International Noteholders Subclass

  • NOTE For Community-­‐Based TLDs Only] Obligations of Registry Operator to TLD Community. Registry Operator shall establish registration policies in conformity with the application submitted with respect to the TLD for: (i) naming conventions within the TLD, (ii) requirements for registration by members of the TLD community, and (iii) use of registered domain names in conformity with the stated purpose of the community-­‐based TLD. Registry Operator shall operate the TLD in a manner that allows the TLD community to discuss and participate in the development and modification of policies and practices for the TLD. Registry Operator shall establish procedures for the enforcement of registration policies for the TLD, and resolution of disputes concerning compliance with TLD registration policies, and shall enforce such registration policies. Registry Operator agrees to implement and be bound by the Registry Restrictions Dispute Resolution Procedure as set forth at [insert applicable URL] with respect to disputes arising pursuant to this Section 2.19. Registry Operator shall implement and comply with the community registration policies set forth on Specification 12 attached hereto.]

  • Representations and Warranties Borrower represents and warrants as follows:

  • UNION SECURITY 7.01 The Employer shall deduct monthly from the pay due to each employee who is covered by this Agreement a sum equal to the monthly Union dues of each such employee. Where an employee has no earnings during the first payroll period, the deduction shall be made in the next payroll period where the employee has earnings, within that month. The Union shall notify the employer in writing of the amount of such dues from time to time. The Employer will send to the Union its cheque for the dues so deducted in the month following the month in which the dues are deducted. When arrears or adjustments are submitted retroactively, the dues month and an explanation will accompany any such dues.

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. Experience: A minimum of 5 years of IT work experience with demonstrated knowledge in architecture design, software development, database management systems and systems integration in multi-platform environments.

  • Miscellaneous Provisions Section 11.01

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Representation No employee or group of employees shall undertake to represent the Union at meetings with the Employer without the proper authorization of the Union. To implement this, the Union shall supply the Employer with the names of its officers and similarly, the Employer shall supply the Union with a list of its supervisory or other personnel with whom the Union may be required to transact business.

  • Definitions For purposes of this Agreement:

  • DURATION OF AGREEMENT All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

  • SAVINGS CLAUSE If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest extent permitted by applicable law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!