Inversiones Clause Samples

Inversiones. These installments shall mature on May 31 of each year; the first installment shall fall due on May 31, 2006 and the last one on May 31, 2013. The payments should be made at the offices of each of the Banks before 14.00 hours on the respective maturity date. The Unidad de Fomento is understood to be that referred to in number 9 of section 35 of Law 18,840, the Organic Law of the Central Bank of Chile, or that which may replace it in the future and is calculated on the same basis or other equivalents. Should the Unidad de Fomento cease to exist or its form of calculation or any other element used to determine it is modified, except by a different imperative legal provision, each Bank shall be authorized to apply as indexation in replacement of the Unidad de Fomento, the variation in the consumer price index or that which replaces it, between the month immediately prior to that of the alteration of the Unidad de Fomento and the month immediately preceding the respective payment. The Debtor, through its representative, declares that the obligations that its assumes under this instrument have been validly and legally contracted, and that for the effects of demanding their compliance, an authorized copy of this deed shall constitute executive title against it in the terms of sections 434 and 438 of the Civil Procedures Code.

Inversiones. Vaimaca Limitada, a company whose line of business is as its name indicates, taxpayer ID number [REDACTED], represented by Mr. Diego ▇▇▇▇▇▇▇ ▇▇▇▇▇ Viettro, with a Bachelor’s degree in Systems,, Uruguayan identity card number [REDACTED], both domiciled for these effects at Avenida Vitacura 2939, 8th floor, Las Condes, on the one hand, which hereinafter and indistinctly will be also called “Vaimaca” or the “EFT Promisor Seller”; The Tecnopago Promisor Sellers in conjunction with the EFT Promisor Seller, are also referred to hereinafter as the “Sellers” and in conjunction with the Buyer referred to as the “Parties” and each either indistinctly as a “Party”; the Buyer and Sellers have agreed to enter into the share purchase promise agreement (hereinafter the “Agreement”) consisting of the following clauses:

Inversiones. Vaimaca Limitada, a company whose line of business is as its name indicates, taxpayer ID number #######, represented by Carlos E▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, systems analyst, Rol Único de Inversionista Extranjero N° #######, Uruguayan identification ######, both domiciled for these effects at Avenida Vitacura 2939, 8th floor, Las Condes, which hereinafter and indistinctly will be also called “Vaimaca” or the “EFT Seller”; The Tecnopago Sellers in conjunction with the EFT Seller, are also referred to hereinafter as the “Sellers” and in conjunction with the Buyers referred to as the “Parties” and each either indistinctly as a “Party”; the Buyers and Sellers have agreed to enter into the share purchase agreement (hereinafter the “Agreement”) consisting of the following clauses: Clause 1

Inversiones. No realizar Inversiones o permitir que sus Subsidiarias Restringidas realicen Inversiones, excepto por: (i) Inversiones realizadas por la Acreditada y sus Subsidiarias Restringidas durante cualquier ejercicio social en una cantidad acumulada que no exceda el monto de EU$25,000,000.00 (veinticinco millones de Dolares 00/100) o su equivalente en Pesos, comenzando a partir del ejercicio social del 2001, en el entendido que el monto de las Inversiones que podran ser realizadas en cualquier ejercicio social de conformidad con este inciso (f)(i) se incrementara en una cantidad equivalente ▇▇ ▇▇▇▇▇ de las Inversiones que pudieron ▇▇▇▇▇ sido realizadas en ejercicios sociales anteriores de conformidad con este inciso (f)(i) (incluyendo en virtud de esta disposicion o cualquier reduccion ▇▇▇▇ en el ▇▇▇▇▇ de dichas Inversiones derivada de la aplicacion del ultimo enunciado del ultimo parrafo de este inciso (f)) pero que no se hayan efectuado; en el entendido, sin embargo, que, a partir del ejercicio social del 2004, la Acreditada no podra, en ningun caso, acumular el monto de Inversiones no realizadas por mas de 5 (cinco) anos consecutivos. (ii) Inversiones Permitidas; (iii) Inversiones en la Acreditada o en cualquier Subsidiaria Restringida; (iv) Inversiones realizadas por la Acreditada y sus Subsidiarias Restringidas en una Co-Inversion o una Subsidiaria No Restringida si (A) la cantidad acumulada de dichas Inversiones realizadas durante cualquier periodo de cuatro trimestres fiscales consecutivos de la Acreditada no excede de una cantidad equivalente al 35% (treinta y cinco por ciento) de UAFIDA Consolidada por el periodo de los cuatro trimestres fiscales consecutivos terminados inmediatamente antes de dicha Inversion, (B) dicha Co-Inversion o Subsidiaria No Restringida se dedique a un Negocio Principal; y