SPECIFIED BUYERS definition
SPECIFIED BUYERS means, at any time, the Offtaker, the U.S. Seller and other Buyers of Eligible Products that have entered, or will, from time to time enter into Notice and Consents. No Buyer shall be considered a Specified Buyer for the purposes of the Transaction Documents unless the Notice and Consent to which it is a party (a) is valid, binding and enforceable against it in the jurisdiction in which its principal place of business is located and (b) does not contravene or violate in any material respect any law, rule or regulation of such jurisdiction applicable to it.
SPECIFIED BUYERS shall have the meaning assigned to such term in the Master Export Contract.
SPECIFIED BUYERS shall have the meaning assigned to such term in the Master Export Contract. "TAX" or "TAXES" shall have the meaning set forth in Section 2.03. "TERMINATION EVENT" shall have the meaning set forth in Annex A of the Trust Deed. "TERMINATION PAYMENT" shall mean a payment equal to (a) the aggregate value of Prepaid Oil Products under this Agreement which have not theretofore been delivered to Petrobras Finance (i) set forth in Column (C) of Exhibit A for all Quarterly Delivery Periods and (ii) set forth in Columns (D-1) through (D-3) of Exhibit A through the last day of the Quarterly Delivery Period in which such Termination Payment is made, and (b) any indemnity or other amounts then due and payable by Petrobras to Petrobras Finance under the Master Export Contract and this Agreement and (without duplication) by Petrobras to the Trustee in respect of the Performance Guaranty of the obligations of PIFCo and Petrobras Finance; provided, that such payment in the aggregate shall not exceed the RPA Termination Price to be paid by Petrobras Finance in the event that the Receivables Purchase Agreement becomes subject to termination. "TRANSACTION DOCUMENTS" shall mean, collectively, the Commercial Contracts and the Senior Trust Certificate Documents. "TRUST" shall mean the PF Export Receivables Master Trust, a trust established and existing under the laws of the Cayman Islands and created by the Trust Deed. "TRUST DEED" shall have the meaning set forth in this Section 1.01. "TRUSTEE" shall have the meaning set forth in the recitals. "UNITED STATES" shall mean the United States of America. "U.S. GAAP" shall mean generally accepted accounting principles in the United States. "U.S. SELLER" shall mean initially PAI, and thereafter any trading entity that assumes all of PAI's rights and obligations under (or enters into an agreement with Petrobras Finance on substantially the same terms and conditions as) the Product Sale Agreement in accordance with, and subject to the conditions set forth in, the Trust Deed and which entity is (a) a direct or indirect subsidiary of Petrobras that is at least 99% owned by Petrobras, (b) organized and based in the United States and (c) solvent, and (d) engaged exclusively in the business of marketing and selling petroleum-based products primarily produced in Brazil, unless each of the Rating Amended and Restated Prepayment Agreement <PAGE> 10 Agencies issues a Rating Affirmation and each Enhancer with an outstanding Series of Senior Trust...
Examples of SPECIFIED BUYERS in a sentence
By:_______________________________________ Name: Title: AGREED AND ACKNOWLEDGED: [Specified Buyer] By __________________________ Name: Title: U.S. Bank, National Association, Cayman Islands Branch, on behalf of PF Export Receivables Master Trust By __________________________ Name: Title: Exhibit A-1 to Receivables Purchase Agreement Exhibit A-2 to the Receivables Purchase Agreement FORM OF NOTICE AND CONSENT TO SPECIFIED BUYERS OF ELIGIBLE PRODUCTS SOLD BY PETROBRAS FINANCE LTD.
More Definitions of SPECIFIED BUYERS
SPECIFIED BUYERS means, pursuant to the Receivables Purchase Agreement, at any time, the Offtaker, the U.S. Seller and other Buyers of Eligible Products that have entered, or will, from time to time, enter, into Notice and Consents and which Notice and Consents have not been terminated or revoked. No Buyer shall be considered a Specified Buyer for purposes of the Transaction Documents unless the Notice and Consent to which it is a party (a) is valid, binding and enforceable against it in the jurisdiction in which its principal place of business is located and (b) does not contravene or violate in any material respect any law, rule or regulation of such jurisdiction applicable to it.