Mexican Companies definition
Examples of Mexican Companies in a sentence
It is not in dispute that, if the Claimants’ contentions as regards their shareholding in the Mexican Companies are found to be correct, the aggregate shareholding held by the Additional Claimants in each of the Juegos Companies and E-Games was at all times smaller than the aggregate shareholding held by the Original Claimants, yet by no means insignificant.
According to articles One Hundred and Twenty-Eight and One Hundred and Twenty-Nine of the Mexican Companies Law, either directly or pursuant to Article 57 paragraph IV section b) of the Securities Market Law, the Company shall keep and maintain a Stock Registry, which may be kept by the Secretary of the Board of Directors of the Company, a securities deposit institution, a credit institution, or the person appointed by the Board of Directors to act as Registrar, on behalf of the Company.
Mexican Companies must comply with the restrictions regarding foreign possession of their equity.
The holding of stock by foreigners in Mexican Companies that participate in certain sectors, including telephone companies, is regulated by the Foreign Investment Law (Ley de Inversión Extranjera) published in the year of 1993, and by the Rules that Apply to the Foreign Investment Law and the National Registrar of Foreign Investment (Reglamento de la Ley de Inversión Extranjera y del Registro Nacional de Inversiones Extranjeras) published in the year of 1998.
The Respondent submits that the Claimants do not own the Mexican Companies because ownership requires “full ownership or virtually full ownership of the company”.259 The Claimants submit that they do because majority ownership (50% + 1) of the company’s shares is sufficient to “own” the company.260199.
Schedule 2.13 sets forth a true, complete and correct list, as of the date of this Agreement, of all pending or, to the Knowledge of MagneTek, threatened actions, suits, claims or legal, administrative or arbitration proceedings or investigations with respect to which either of the Mexican Companies have been contacted in writing by the claimant or by counsel for the claimant by or against the Mexican Companies.
Buyer acknowledges and agrees that, Buyer shall have a right to indemnification solely as provided in Article IX hereof and shall have no other claim or right to indemnification with respect to any information, documents or materials furnished by MagneTek, the Mexican Companies or MagneTek's or the Mexican Companies' officers, directors, employees, agents or advisors or otherwise available to Buyer.
Neither of the Mexican Companies has made, offered to make or agreed to make any payment contribution, gift, bribe, payoff, influence payment, kickback or other similar payment to any foreign official.
In Mexico, mining concessions may only be granted to Mexican individu- als, Mexican Companies, land granted by the government to a group of individuals for agricultural and ranching purposes, agrarian communi- ties, townships and aboriginal communities.
Upon delivery to Buyers at the Closing of certificates representing the Shares, duly endorsed by Sellers to transfer to Buyer, the registration of the transfer of the Shares in the stock registry books of the Mexican Companies and upon MagneTek's receipt of the Purchase Price, good and valid title to the Shares will pass to the Buyers, free and clear of any Liens other than Liens arising through Buyers.