Examples of Grupo Aval Limited in a sentence
Prior to the publication or mailing of any notice of redemption of the Notes, Grupo Aval Limited or Grupo Aval must deliver to the Trustee an Officers’ Certificate confirming that it is entitled to exercise such right of redemption.
No notice of redemption shall be given earlier than 60 days prior to the earliest date on which Grupo Aval Limited or Grupo Aval would be obligated to pay such Additional Amounts if a payment in respect of the Notes were then due.
Grupo Aval Limited or Grupo Aval shall also deliver an opinion of legal counsel of recognized standing stating that it would be obligated to pay such Additional Amounts due to the changes in tax laws or regulations or changes in, or pronouncements with respect to, the official application or official interpretation of such laws or regulations.
For so long as the Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market, Grupo Aval Limited shall maintain a Paying Agent and Transfer Agent in Luxembourg.
Grupo Aval Limited or Grupo Aval, as the case may be, shall provide the Trustee with the official acknowledgment of the relevant Taxing Jurisdiction (or, if such acknowledgment is not available, other reasonable documentation) evidencing any payment of any Taxes in respect of which Grupo Aval Limited or Grupo Aval, as the case may be, has paid any Additional Amounts.
If any such deduction or withholding shall be required, prior to such Interest Payment Date, Grupo Aval Limited shall furnish the Trustee and the Paying Agents with an Officers’ Certificate which specifies the amount, if any, required to be withheld or deducted on such payment to Holders of the Notes and certifies that Grupo Aval Limited shall pay such withholding or deduction amount to the appropriate Taxing Jurisdiction.
Upon termination of the trust established pursuant to Section 8.2, the Trustee and each Paying Agent shall promptly pay to Grupo Aval Limited or Grupo Aval, as the case may be, upon written request, any excess cash or U.S. Government Obligations held by them.
Any Legended Note as to which the Restrictive Legend shall have been removed pursuant to this paragraph at the written instruction of Grupo Aval Limited (and any Note issued upon registration of transfer of, exchange for or in lieu of such Legended Note) shall thereupon cease to be a “Legended Note” for all purposes of this Indenture.
In the event of the Trustee’s resignation, subject to Section 7.7, Grupo Aval Limited shall promptly appoint a successor Trustee for the Notes.
The Trustee, Registrar or Transfer Agent, as the case may be, may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and Grupo Aval Limited may require payment of a sum sufficient to cover any transfer tax or governmental charge payable in connection therewith.