Five. It is hereby expressly stated that any obligation agreed to be paid in foreign currency under the Shareholders’ Agreement shall be deemed extinguished only up to the foreign currency amount paid to the Pledgee in freely convertible and available funds, or should the payment be made in another currency, only up to the amount sufficient for the Pledgee to acquire the foreign currency with which such payment should have been done under the agreement or the law, on the business day immediately following the day in which the Pledgee has received such amount.- Three.
Appears in 2 contracts
Samples: Shareholders Agreement (Saieh Bendeck Alvaro), Shareholders Agreement (Itau Unibanco Holding S.A.)
Five. It is hereby expressly stated that any obligation agreed to be paid in foreign currency under the Shareholders’ Agreement shall be deemed extinguished only up to the foreign currency amount paid to the Pledgee in freely convertible and available funds, or should the payment be made in another currency, only up to the amount sufficient for the Pledgee to acquire the foreign currency with which such payment should have been done under the agreement or the law, on the business day immediately following the day in which the Pledgee has received such amount.- amount. Three.Six.- Pledgee hereby accepts the commercial pledge and prohibitions levied by Pledgor hereunder.
Appears in 2 contracts
Samples: Shareholders Agreement (Saieh Bendeck Alvaro), Shareholders Agreement (Itau Unibanco Holding S.A.)
Five. It is hereby expressly stated that any obligation agreed to be paid in foreign currency under the Shareholders’ Agreement shall be deemed extinguished only up to the foreign currency amount paid to by the Pledgee in freely convertible and available funds, or should the payment be made in another currency, only up to the amount sufficient for the Pledgee to acquire the foreign currency with which such payment should have been done under the agreement or the law, on the business day immediately following the day in which the Pledgee has received such amount.- amount. Three. Six. Pledgee hereby accepts the pledge without conveyance on the Shares and on the Future Shares levied hereunder.
Appears in 1 contract
Samples: Transaction Agreement (Corpbanca/Fi)
Five. It is hereby expressly stated that any obligation agreed to be paid in foreign currency under the Shareholders’ Agreement shall be deemed extinguished only up to the foreign currency amount paid to the Pledgee in freely convertible and available funds, or should the payment be made in another currency, only up to the amount sufficient for the Pledgee to acquire the foreign currency with which such payment should have been done under the agreement or the law, on the business day immediately following the day in which the Pledgee has received such amount.- Three.the
Appears in 1 contract