(b)(vi) Sample Clauses

(b)(vi). If Borrower purchases an interest rate cap or swap as permitted in Section 7.22, the Consolidated Debt Service for the Debt under this Agreement shall be calculated using the Eurodollar strike price for such hedging agreement plus 4.25% per annum.
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(b)(vi). Upon request by Administrative Agent at any time, Lenders will confirm in writing Administrative Agent’s authority to release particular types or items of Collateral under this Section 13.11(e).
Sample 1
(b)(vi). As of the date hereof, the authorized capital stock of SEACOR BVI consists of 50,000 shares, par value US $1.00 per share, of which 50,000 shares are issued and outstanding, and no shares of preferred stock. SEACOR Response Delaware is the record and beneficial owner of the SEACOR Response BVI Shares, free and clear of all Liens, and SEACOR Environmental Services is the record and beneficial owner of the SEACOR Environmental BVI Shares, free and clear of all Liens. All of the issued and outstanding capital stock of BVI is duly authorized, validly issued, fully paid and nonassessable and were issued in compliance with all applicable Laws and constitute all of the issued and outstanding shares of capital stock of BVI.
Sample 1
(b)(vi). The term “BVI” shall mean the British Virgin Islands.
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(b)(vi). It shall mean the British Virgin Islands
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(b)(vi). There are no restrictions in relation to a foreign party investing in an International Business Company incorporated in the BVI. There are no exchange control restrictions or sanctions currently in effect in the BVI that would in ordinary circumstances 9.2 PRC prevent the repatriation of funds by a company from the BVI to any country. There is no legislation in the BVI, which would affect the timing on the repatriation of profits and as such, there is no timing restrictions imposed in respect of the repatriation of profits in the BVI. The existing policy of the PRC provides that repatriation of profit received by a wholly foreign-owned enterprise can be made after payment of taxes and contributions to a reserve fund and the employee fund. The enterprise is prohibited from distributing dividends unless the losses (if any) of previous years have been made up. Kindly refer to Section 6(viii) above for further information on the foreign exchange control of the PRC.
Sample 1

Related to (b)(vi)

  • CHINA The following provisions govern your participation in the Plan if you are a national of the People’s Republic of China (“China”) resident in mainland China, as determined by the Company in its sole discretion:

  • LTD by its duly appointed Attorneys who state they have no notice of revocation of the Power of Attorney dated 5 February 1990 under which this Agreement is signed. ) ) ) ) ) ) )

  • Merger Sub At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • WSIB & LTD An Employee who is receiving benefits under the Workplace Safety and Insurance Act, or under a LTD plan, is not entitled to benefits under a school board’s sick leave and short term disability plan for the same condition unless the employee is on a graduated return to work program then WSIB/LTD remains the first payor. For clarity, where an employee is receiving partial benefits under WSIB/LTD, they may be entitled to receive benefits under the sick leave plan, subject to the circumstances of the specific situation. During the interim period from the date of the injury/incident or illness to the date of the approval by the WSIB/LTD of the claim, the employee may access sick leave and short term leave and disability coverage. A reconciliation of sick leave deductions made and payments provided, will be undertaken by the school board once the WSIB/LTD has adjudicated and approved the claim. In the event that the WSIB/LTD does not approve the claim, the school board shall deal with the absence consistent with the terms of the sick leave and short term leave and disability plans.

  • Organization; Corporate Powers The Borrower and each of its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is duly qualified to do business and is in good standing under the laws of each jurisdiction in which failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect and (iii) has all requisite corporate power and authority to own, operate and encumber its property and to conduct its business as presently conducted and as proposed to be conducted.

  • Incorporation and Corporate Power The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

  • Organization; Subsidiaries (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to carry on its business as it is now being conducted. The Company is duly qualified and licensed as a foreign corporation to do business, and is in good standing (and has paid all relevant franchise or analogous taxes), in each jurisdiction where the character of its assets owned or held under lease or the nature of its business makes such qualification necessary and where the failure to so qualify or be licensed would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect.

  • Articles of Incorporation and Bylaws of the Surviving Corporation At the Effective Time, (i) the Articles of Incorporation of Company as in effect immediately prior to the Effective Time shall be the Articles of Incorporation of the Surviving Corporation until thereafter amended as provided by law and such Articles of Incorporation, and (ii) the Bylaws of Company as in effect immediately prior to the Effective Time shall be the Bylaws of the Surviving Corporation until thereafter amended as provided by law, the Articles of Incorporation of the Surviving Corporation and such Bylaws.

  • Egypt Egyptian British Bank S A.E. (as delegate of The Hongkong and Shanghai Banking Corporation Limited) Estonia Hansabank Finland Xxxxxx Bank Plc. France BNP Paribas, S.A. Germany Dresdner Bank AG Ghana Barclays Bank of Ghana Limited Greece National Bank of Greece S.A. Hong Kong Standard Chartered Bank Hungary Citibank Rt. Iceland Icebank Ltd.

  • Colombia As of 1 September 2015, Colombian Resident PayPal users may only send and receive international payments. Domestic payments between two Colombian Resident PayPal users are unavailable.

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