Category A Client. An Industry Partner that carries or intends to carry out a Category A Activity.
Category A Client has the meaning set forth in Section 5.01 (m) (Affirmative Covenants); “Certificate of Incumbency and Authority” means a certificate provided to IFC by the Borrower in the form of Schedule 1; “Change of Control” any of the following: (i) any Person, other than one (1) or more of the Escasany, Ayerza and Xxxxx Family Members, (A) Controls or (B) owns, jointly or severally, directly or indirectly, any of the Capital Stock or any of the Voting Stock of EBA Holding S.A., (ii) the failure of EBA Holding S.A. to (A) Control and (B) own Voting Stock which (except for those matters for which class “A” shares of Grupo Galicia have the right to only one (1) vote) has the right to at least fifty-nine point forty-two percent (59.42%) of the total votes at shareholders meetings of Grupo Galicia, provided that such percentage may be reduced (without constituting a “Change of Control”) to a percentage of Voting Stock which (except for those matters for which class “A” shares of Grupo Galicia have the right to only one (1) vote) has the right to cast a majority of the votes at shareholders meetings of Grupo Galicia in the event that Grupo Galicia issues equity securities by reason of any transaction not prohibited under the terms of this Agreement or any Transaction Document (including, without limitation, the issuance of equity by the Borrower), and/or (iii) the failure of Grupo Galicia to (A) Control the Borrower and (B) to own at least ninety-three percent (93%) of the Capital Stock and Voting Stock of the Borrower; provided that such percentage may be reduced (without constituting a “Change of Control”) to sixty-five percent (65%) of the Capital Stock and Voting Stock of the Borrower in the event that the Borrower issues equity securities by reason of any transaction not prohibited under the terms of this Agreement or any of the Transaction Documents (including, without limitation, the issuance of equity by the Borrower);
Category A Client has the meaning set forth in Section 5.01 (m) (Affirmative Covenants);
Examples of Category A Client in a sentence
If an existing Eligible Sub-borrower becomes a Category A Client, ensure that the S&E Management System has sufficient capacity, in IFC’s reasonable view, including quality of staffing and expertise, to review the environmental and social performance of such Category A Client on an ongoing basis, as contemplated by this Agreement; (n) Amendment of the S&E Management System.