Background. (11) Until 2007, Sandefjord Fotball used the municipal-owned stadium in Bugårdsparken for training purposes and matches. However, this stadium did not comply with the requirements of the Norwegian football federation for clubs playing in the highest division. An upgrade of the existing stadium was estimated to cost about NOK 30-40 million, which the municipality of Sandefjord was unwilling to invest.
Background. (8) Norwegian municipalities are legally responsible for financing the operation and maintenance of streetlights along municipal roads in their respective jurisdictions (11).
Background. 1.1 The Parties have entered into an agreement under which the Controller subscribes to the Service provided by the Processor (the ”Product Agreement”). This DPA regulates the Controller’s rights and obligations in its capacity as data controller as well as the Processor’s rights and obligations in its capacity as data processor when the Processor processes personal data on behalf of the Controller under the Agreement.
Background. 1.2.1 The availability of advanced technology has permitted greater use of FSTDs for training, testing and checking of flight crewmembers. The complexity, costs and operating environment of modern aircraft also encourages broader use of advanced simulation. FSTDs can provide more in-depth training than can be accomplished in aircraft and provide a safe and suitable learning environment. Fidelity of modern FSTDs is sufficient to permit pilot assessment with the assurance that the observed behaviour will transfer to the aircraft. Fuel conservation and reduction in adverse environmental effects are important by-products of FSTD use.
Background. 2.10. A PARTNER in a PROJECT may, but is not obligated to, supply or license its BACKGROUND to other PARTNERS.
Background. 3.1 The Company has on or about the date hereof been granted an overdraft facility up to a maximum amount of SEK 70 million (the “SEB Facility”) by Skandinaviska Enskilda Banken AB (publ) (“SEB”) on the terms set out in Appendix 1.
Background. Bolaget har ingått ett fusionsavtal (”Fusionsavtalet”) med Lucid Holdings LLC (”Lucid”), genom vilket Bolaget kommer bli ägare till samtliga aktier i Lucid under förutsättning av att villkoren i avtalet uppfylls. En del av köpeskillingen enligt Fusionsavtalet ska betalas med Bolagets egna aktier genom kvittning av en fordran på Bolaget uppgående till 475 799 950 USD som uppkommit enligt Fusionsavtalet (”Fordran”). Säljarna av Xxxxx har rätt kvitta sin andel av Xxxxxxx mot nya aktier i Bolaget. The Company has entered into a merger agreement (the “Merger Agreement”) with Lucid Holdings LLC (“Lucid”) pursuant to which the Company will become the shareholder of all shares in Lucid, provided that all conditions of the agreement are fulfilled. Part of the consideration under the Merger Agreement shall be paid with the Company’s own shares by way of set-off against a claim on the Company amounting to USD 475,799,950 which is based on the Merger Agreement (the “Claim”). The sellers of Lucid have a right to set off their pro rata share of the Claim against new shares in the Company. Styrelsen föreslår att extra bolagsstämman bemyndigar styrelsen att, innan nästkommande årsstämma i Bolaget, vid ett eller flera tillfällen, fatta beslut om nyemission enligt nedan. Bolagets aktiekapital ska kunna ökas med högst 3 629 290,20 kronor genom en nyemission av högst 36 292 902 aktier.
Background. District heating has expanded greatly in recent years and is the dominant form of heating for multi-family apartment buildings and commercial premises in our urban areas. The number of detached houses heated by district heating is also increasing steadily. This is a positive trend, since district heating is an efficient, reliable, eco- nomical and flexible solution offering the options of utilising avail- able biofuels, waste fuels and industrial waste heat. District heating also has an important role to play in Sweden’s energy and climate policy by allowing the possibility of simultaneous production of electricity and heat in highly efficient CHP (combined heat and power) plants and thereby a much more efficient utilisation of fuels. There is a risk that the criticism that has emerged in recent years towards the strong position of the district heating companies in relation to their customers will delay or prevent the further devel- opment of this socially beneficial form of heating. It is claimed in the public debate that the district heating companies have in prac- tice a monopoly, enabling them to control prices without any other alternative for the customers to respond than the very costly investments associated with switching to another form of heating. If customers lose confidence in their ability to influence the future price trend for district heating, those who have alternatives may choose them even though they are economically inferior today merely because they feel they have more influence over price and other important factors over those alternatives.
Background. Goldcup 100593 AB (under change of name to Valerum AB (publ) (the "Company") issued a SEK 710,000,000 senior secured bond on 30 October 2020 (the "Bond" or the "Bond Issue") for the purpose of part financing the acquisition of Valerum Fastighets AB. As part of the Bond Issue documentation, the Default Put Option Agreement between the Issuer, Samhällsbyggnadsbolaget I Norden AB ("SBB") and Intertrust (Sweden) AB (acting as Agent), together with the Terms and Conditions of the Bond Issue, stipulates the terms for the Default Put Option whereby the bondholders have a right to sell their Bonds to SBB in case of the Company defaulting on its obligations. After the initial terms for the Bond Issue was set, the Company and SBB has agreed to carry out an amendment of the terms stipulating an adjustment of the loan enabling SBB to acquire all outstanding Bonds, together with accrued and unpaid interest, should any bondholder choose to exercise the Default put option. The amendment allows SBB to more effectively manage potential bankruptcy proceedings in case of an Event of Default.
Background. Hurtigruten ASA operates maritime transport services consisting of the combined transport of persons and goods along the Norwegian costal line from Bergen to Kirkenes, serving 34 ports of call on a daily basis throughout the year.