Zoompart Succession Date definition

Zoompart Succession Date means the date on which the Zoompart Succession shall have become effective. US$ 14,103,232.40 For value received, I.I.I-INDUSTRIAL INVESTMENTS INC., a British Virgin Islands company (the “Borrower”), hereby promises to pay to the order of Usinas Siderurgicas de Minas Gerais S/A – USIMINAS, a Brazilian company (the “Lender”), the principal amount of US$ 14,103,232.40 (fourteen million one hundred three thousand two hundred and thirty two U.S. Dollars with forty cents), pursuant to the terms of the Convertible and Subordinated Loan Agreement referred to below, on the date and in the amount specified in the Convertible and Subordinated Loan Agreement. The Borrower promises to pay interest on the outstanding principal amount of the Loan on the date and at the rate provided for in the Convertible and Subordinated Loan Agreement. All such payments of principal and interest shall be made in lawful money of the United States in Federal or other immediately available funds to the account of [ ] at [Bank], account number [ ]. All repayments or prepayments of the principal thereof shall be recorded by the Lender and, if the Lender so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to the Loan then outstanding may be endorsed by the Lender on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof, provided that the failure of the Lender to make (or any error in making) any such recordation or endorsement shall not affect the Borrower’s obligations hereunder or under the Convertible and Subordinated Loan Agreement. This instrument is the Convertible Debt Instrument referred to in, and is entitled to the benefit of, the Second Convertible and Subordinated Loan Agreement dated as of August 16, 2005 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Second Convertible and Subordinated Loan Agreement”) among the Borrower, the Lender and Zoompart. Terms defined in the Second Convertible and Subordinated Loan Agreement are used herein with the same meanings unless otherwise defined herein. References is made to the Second Convertible and Subordinated Loan Agreement for all other provisions of the Loan relating hereto including without limitation, the conversion of the principal amount hereof and/or interest accrued thereon into Borrower Shares and the Zoompart Accession. The undersigned promises to ...
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Zoompart Succession Date means the date on which the Zoompart Succession shall have become effective. Tenaris S.A. Xx. Xxxxxxx X. Xxxx 1067, 00xx xxxxx X0000XXX, Xxxxxx Xxxxx Xxxxxxxxx Attention: Xxxxxx X. Xxxxxxxxxx, CFO Ladies and Gentlemen: The undersigned refers to the Convertible and Subordinated Loan Agreement dated as of July 28, 2005 (as amended, supplemented or otherwise modified hereafter from time to time, the “Convertible and Subordinated Loan Agreement”; the terms defined therein being used herein as therein defined), among the undersigned, and Tenaris S.A. as Lender, and hereby gives you notice, irrevocably, pursuant to Section 2.01 (b) of the Convertible and Subordinated Loan Agreement that the undersigned hereby requests the Loan, and in that connection sets forth below the following information relating to such borrowing:
Sample 1
Zoompart Succession Date means the date on which the Zoompart Succession shall have become effective. SCHEDULE 1 FORM OF DISBURSEMENT REQUEST DISBURSEMENT REQUEST [DATE] [NAME OF THE LENDER] [ADDRESS] Attention: Ladies and Gentlemen: The undersigned refers to the Convertible and Subordinated Loan Agreement dated as of August 4, 2005 (as amended, supplemented or otherwise modified hereafter from time to time, the “Convertible and Subordinated Loan Agreement”; the terms defined therein being used herein as therein defined), among the undersigned, and [ ] as Lender, and hereby gives you notice, irrevocably, pursuant to Section 2.01(b) of the Convertible and Subordinated Loan Agreement that the undersigned hereby requests the Loan, and in that connection sets forth below the following information relating to such borrowing:
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More Definitions of Zoompart Succession Date

Zoompart Succession Date means the date on which the Zoompart Succession shall have become effective. [NAME OF THE LENDER] [ADDRESS] Attention: Ladies and Gentlemen: The undersigned refers to the Convertible and Subordinated Loan Agreement dated as of August 4, 2005 (as amended, supplemented or otherwise modified hereafter from time to time, the “Convertible and Subordinated Loan Agreement”; the terms defined therein being used herein as therein defined), among the undersigned, and [ ] as Lender, and hereby gives you notice, irrevocably, pursuant to Section 2.01(b) of the Convertible and Subordinated Loan Agreement that the undersigned hereby requests the Loan, and in that connection sets forth below the following information relating to such borrowing:
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Zoompart Succession Date has the meaning specified in Section 8.08.
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Related to Zoompart Succession Date

  • Succession Date means the legally effective date of an event in which one or more entities succeed to some or all of the Relevant Obligations of the Reference Entity; provided that if at such time, there is a Steps Plan, the Succession Date will be the legally effective date of the final succession in respect of such Steps Plan, or if earlier (i) the date on which a determination pursuant to Section 2.2(a) would not be affected by any further related successions in respect of such Steps Plan, or (ii) the occurrence of an Event Determination Date in respect of the Reference Entity or any entity which would constitute a Successor.

  • Succession Time means, for any Appointment, (a) the Effective Time, if all Authorizations for such Appointment have been received as of that time or (b) if any Authorization for such Appointment has not been received as of the Effective Time, the time that all Authorizations for such Appointment have been received.

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Possession Date means the date of execution of this Agreement;

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Admission Date has the meaning set forth in Section 10.06.

  • Early Opt-in Effective Date means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Fundamental Change Effective Date means the date on which any Fundamental Change becomes effective.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt, (b) if the Corporation elects to redeem, or the Corporation or a Subsidiary of the Corporation elects to repurchase, such Covered Debt either in whole or in part with the consequence that after giving effect to such redemption or repurchase the outstanding principal amount of such Covered Debt is less than $100,000,000, the applicable redemption or repurchase date and (c) if such Covered Debt is not Eligible Subordinated Debt of the Corporation, the date on which the Corporation issues long-term indebtedness for money borrowed that is Eligible Subordinated Debt.

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Interest rate as described in division (A) of this section means the federal short-term rate, rounded to the nearest whole number percent, plus five percent. The rate shall apply for the calendar year next following the July of the year in which the federal short-term rate is determined in accordance with division (A)(2) of this section.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Reversion Date has the meaning assigned to such term in Section 4.19.

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;