Examples of BST Group in a sentence
In December 2000, following a capital increase of BTA and the restructuring of the investments of the BST Group in Portugal, BTA became the head of the BTA Group, which, in addition to CPP, is comprised of BSP and BSNP.
The authority or ability of the BST Group taken as whole to conduct its business is limited or wholly or substantially curtailed by any seizure, expropriation, nationalisation, intervention, restriction or other action by or on behalf of any Governmental Authority in relation to any member of the BST Group or any of its assets, in any such case where the Majority Lenders determine (acting reasonably) that such qualification is materially adverse to the interests of the Finance Parties.
Each Obligor shall (and the Parent shall ensure that each member of the BST Group will) maintain insurances on and in relation to its business and assets against those risks and to the extent as is usual for companies carrying on the same or substantially similar business.
Class management will take place on a cooperative basis between the receiving and sending corporations.
The restructuring was an internal reorganisation of the BST Group in Portugal and resulted in BTA transferring, by operation of the merger, all of its assets into BST, which assumed all the obligations of BTA by operation of law.
The Lenders represent and acknowledge that, in connection with their execution of this Agreement, they are aware of, and are relying on, the separateness of the Borrowers and Guarantors from the BST Group.
The Parent shall ensure that all pension schemes operated by or maintained for the benefit of members of the BST Group and/or any of its employees are funded to the extent required by law and in compliance with applicable laws and that no action or omission is taken by any member of the BST Group in relation to such a pension scheme which has or is reasonably likely to have a Material Adverse Effect.
Any member of the BST Group that is party to the Intercreditor Deed fails to comply with the provisions of, or does not perform its obligations under, the Intercreditor Deed and, if the non-compliance is capable of remedy, it is not remedied within 15 days of the earlier of the relevant Agent giving notice to that party or that party becoming aware of the non-compliance.
BST was established following a corporate restructuring process completed in December 2004, which merged the commercial banks within the BST Group in Portugal (being BTA, CPP and BSP) into a single legal entity.
Furthermore, the Lenders represent and acknowledge that they are relying exclusively on the assets of the Borrowers and Guarantors, and are not relying on the assets and/or credit-worthiness of the BST Group.