Examples of Argentine Law in a sentence
Payment of principal will have a quarterly amortization in 32 quarters, identical and consecutive, payable from May 1, 2019.These negotiable obligations are guaranteed by a Trust under the Argentine Law, by which the Company has transferred and assigned use fees of international and regional airports and the Concession Indemnification Rights.
The Company and Owners further understand and agree that under Argentine Law there are certain requirements which are imposed on foreign shareholders that are not expressly applicable to depositaries under depositary receipt programs, including, without limitation, registration with Governmental Authorities, and the Owners agree to comply with such requirements if and when applicable to Owners as if they held the Deposited Securities their American Depositary Shares represent.
The information complying with the terms specified under Argentine Law No. 24.766 shall be regarded as confidential.
Except in connection with the enforcement thereof in Argentina as may be required by Argentine Law, any non-English translation of this Agreement shall have no legal validity.
The New Notes are not deposits guaranteed under the deposit insurance system established by Argentine Law No. 24,485, as amended.
The Negotiable Obligations Law governs the requirements for the Notes to qualify as Obligaciones Negociables thereunder while such law, together with Argentine Law No. 19,550, as amended, and other applicable Argentine laws and regulations, govern the capacity and corporate authorizations of the Issuer to execute and deliver the Notes and the authorization of the CNV for the establishment of the Program and the public offering of the Notes in Argentina.
The New Notes have no special or general priority right of payment in case of the Bank's bankruptcy, liquidation or winding up, since provisions contained in section 49(d) and (e) of Argentine Law No. 21,526, as amended, are not applicable.
The Company and Owners further understand and agree that under Argentine Law there are certain requirements which are imposed on foreign shareholders that are not expressly applicable to depositaries under depositary share programs, including, without limitation, registration with Governmental Authorities, and the Owners agree to comply with such requirements if and when applicable to Owners as if they held the Deposited Securities their American Depositary Shares represent.
To calculate the present value, as of December 31, 2018, the discount rate was obtained from a linear interpolation of the returns on Government Bonds in United States dollars -Argentine Law-, with greater liquidity, based on the average life of the instruments to be valued.
In accordance with Argentine Law, a fair and adequate compensation should be established –if necessary by a court ruling– and paid prior to the occupation and acquisition of the expropriated assets.