Brazilian Guarantor definition

Brazilian Guarantor means each Restricted Subsidiary of the Designated Company organized in Brazil party hereto as a Guarantor, and each other Restricted Subsidiary of the Designated Company organized in Brazil that becomes a Guarantor pursuant to the terms hereof.

Brazilian Guarantor means each Guarantor organized under the laws of the Federative Republic of Brazil.

Brazilian Guarantor means any Guarantor that is organized and existing under the Laws of Brazil.

Examples of Brazilian Guarantor in a sentence

• The Brazilian Guarantor waives and shall not exercise any and all rights and privileges granted to guarantors which might otherwise be deemed applicable, including but not limited to the rights and privileges referred to in Articles 827, 834, 835, 836, 837, 838 and 839 of the Brazilian Civil Code and the provisions of Article 794 of the Brazilian Civil Procedure Code.

• The Brazilian Guarantor waives and shall not exercise any and all rights and privileges granted to guarantors which might otherwise be deemed applicable, including but not limited to the rights and privileges referred to in Articles 827, 834, 835, 836, 837, 838 and 839 of the Brazilian Civil Code and the provisions of Article 595 of the Brazilian Civil Procedure Code.

• For the avoidance of doubt and notwithstanding the fact that the obligations of each Brazilian Guarantor under this Article IV are governed by the law of the State of New York, each Brazilian Guarantor hereby irrevocably and unconditionally waives the benefits of Articles 827, 829, 830, 834, 835, 837, 838 and 839 of Law No. 10,406, of January 10, 2002 and Articles 130 and 794 of Law No. 10,105, of March 16, 2015.

• The Brazilian Guarantor waives and shall not exercise any and all rights and privileges granted to guarantors which might otherwise be deemed applicable, including but not limited to the rights and privileges referred to in Articles 827, 834, 835, 836, 837, 838 and 839 of the Brazilian Civil Code and the provisions of Article 794 of the new Brazilian Civil Procedure Code.

• In addition, for such purposes, each Brazilian Guarantor hereby expressly (A) waives and renounces the benefit of order (benefício de ordem) of demanding and rights provided by the Brazilian Civil Code (Law 10,406/02), specifically in accordance with Articles 827 et seq.

More Definitions of Brazilian Guarantor

Brazilian Guarantor means a Subsidiary as listed under the heading "Guarantors" in Schedule IV that was organized in Brazil.

Brazilian Guarantor means each Restricted Subsidiary of the Designated Company organized in Brazil party hereto as a Guarantor, and each other Restricted Subsidiary of the Designated Company organized in Brazil that becomes a Guarantor pursuant to the terms hereof. “Business Day” shall mean any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, New York City or London, and, if such day relates to any Eurodollar Rate Loan, means any such day that is also a London Banking Day and, solely for purposes of determining whether a day is a day on which a Loan can be advanced, Singapore. “Calculation Date” shall have the meaning assigned to such term in the definition of “Senior Secured Net Leverage Ratio”. “Canadian Guarantor” shall mean Holdings, Parent and each Restricted Subsidiary of Holdings organized in Canada party hereto as a Guarantor, and each Restricted Subsidiary of the Designated Company organized in Canada that becomes a Guarantor pursuant to the terms hereof. “Canadian Loan Parties” shall mean the Canadian Guarantors. “Capital Assets” shall mean, with respect to any person, all equipment, fixed assets and Real Property or improvements of such person, or replacements or substitutions therefor or additions thereto, that, in accordance with US GAAP, have been or should be reflected as additions to property, plant or equipment on the balance sheet of such person. “Capital Expenditures” shall mean, for any period, without duplication, all expenditures made directly or indirectly by the Designated Company and its Restricted Subsidiaries during such period for Capital Assets (whether paid in cash or other consideration, financed by the incurrence of Indebtedness or accrued as a liability), together with the applicable Company’s proportionate share of such amounts for Norf GmbH for such period. 8 1120544.02G-CHISR02A - MSW

Brazilian Guarantor is defined in Section 6.1.

Brazilian Guarantor means any Guarantor that is organized under the laws of the Federative Republic of Brazil. “Brazilian Loan Party” means any Loan Party that is organized under the laws of the Federative Republic of Brazil. “Brazilian Share Pledge Agreement” means that certain quota pledge agreement dated as of the Funding Date, as amended as of the Third Amendment Effective Date, executed by the Administrative Agent, for the benefit of the Secured Parties, each of the Brazilian Loan Parties and each Loan Party that owns Equity Interests in any Brazilian Loan Party. “Brazilian Receivables Pledge Agreement” means that certain receivables pledge agreement dated as of the Funding Date, as amended as of the Third Amendment Effective Date, executed by the Administrative Agent, for the benefit of the Secured Parties, and each of the Brazilian Loan Parties. “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Loan, means any such day that is also a day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 4 CHAR1\1659840v4

Brazilian Guarantor means Brookfield Brasil TBE Participações Ltda.

Brazilian Guarantor means each Guarantor that is or becomes a party to this Indenture that is organized under the laws of Brazil or a subdivision thereof.

Brazilian Guarantor means any Guarantor that is organized under the laws of the Federative Republic of Brazil. “Brazilian Loan Party” means any Loan Party that is organized under the laws of the Federative Republic of Brazil. 4 CHAR1\1707916v5