Colombian Code of Commerce definition

Colombian Code of Commerce means Law Decree 410 of 1971.
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Colombian Code of Commerce means Law Decree 410 of 1971. “Colombian Exchange Ratio” shall mean, for each share of Itaú Colombia Common Stock, a number of shares of CorpBanca Colombia Common Stock equal to (i) the quotient of the Colombian Purchase Price and U.S.$ 2,672 million, multiplied by (ii) the number of outstanding shares of CorpBanca Colombia Common Stock as of the Colombian Effective Time divided by (iii) the number of outstanding shares of Itaú Colombia Common Stock as of the Colombian Effective Time.
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Colombian Code of Commerce means Law Decree 410 of 1971. “Colombian GAAP” shall mean generally accepted accounting principles in Colombia as applicable to CorpBanca Colombia and its Subsidiaries (including pursuant to the Circular Básica Contable y Financiera and Decree 2649 of 1993, as such accounting principles may be applied or interpreted by the Colombian Financial Superintendency (Superintendencia Financiera de Colombia) to banks or other financial institutions licensed in Colombia or such other replacement accounting principles as the Colombian Financial Superintendency from time to time as officially interpreted or applied to such banks).
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Examples of Colombian Code of Commerce in a sentence

  • If Partner is located in Colombia, Partner expressly accepts and states that it waives the right to withhold any payment to Epicor and the right to claim the payment of the commercial severance as provided in article 1324 of the Colombian Code of Commerce (or successor law).

  • The parties express agree that the termination of the Agreement for any reason will not generate any commercial severance payment as referred in article 1324 of the Colombian Code of Commerce (or successor law).

  • This Agreement is a lease agreement under the terms of the Colombian Code of Commerce and Civil Code and, consequently, the Parties agree that in no case shall any obligations and/or rights of any other legal business be assigned to the Agreement.