Accival definition
Examples of Accival in a sentence
División Fiduciaria of Banamex, S.A., Grupo Financiero Banamex Accival, is appointed to act as proxy of the holders of the CERTIFICATES.
As of the date hereof, the Company has not granted registration rights to any holder of its securities except pursuant to this Agreement, pursuant to (i) the Existing Registration Rights Agreement, (ii) with respect to 5,059,546 shares of its common stock issued to SAP AG pursuant to that certain Share Purchase Agreement between the Company and SAP AG dated June 14, 2000 and (iii) with respect to up to 9,000,000 shares of its common stock which may be issued to Group Financiero Banamex Accival, S.A. de C.
This Stock Pledge Agreement is executed in this City, in 5 (five) copies, with one being held by Citibank, one by Accival, one by the Executor, one by the Guarantor and one by the Borrowers, on December 24, 2007.
The Guarantor undertakes to hold harmless Citibank, the companies composing the Grupo Financiero Banamex, its affiliates and subsidiaries, officers and employees, Accival, its affiliates and subsidiaries, officers and employees, the Executor and its personnel, in the event that any claim, action, case or complaint is filed against Citibank, the Executor or its personnel, in connection with this Agreement.
The Guarantor will pay to Accival and/or Citibank, as appropriate, on demand, upon the written notification that Accival and/or Citibank will send it to that effect, any reasonable expenses resulting from the preparation and execution of this Agreement, as well as any reasonable costs, expenses or loss relating to the execution of this Agreement.
To the extent not already completed on the date hereof, the Sellers hereby agree to deliver, through Indeval, the certificates representing the Offered CPO’s to Accival to JPMorgan, BBVA Bancomer and Santander, by means of deposit thereof in the account maintained by each of Accival, JPMorgan, BBVA Bancomer and Santader, respectively, with Indeval for such purposes and as indicated to Cemex and to the Selling Shareholders.
A., Institucion de Banca Multiple, Grupo Financiero Banamex Accival, Division Fiduciaria.
The CPOs are issued by the trust (the "CPO Trust") created under the Trust Agreement dated May 28, 1997 between the Company, as Settlor, and Banco Nacional de Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Banamex Accival, Division Fiduciaria, as trustee (the "CPO Trustee"), and acknowledged by Banco Internacional, S.A., as Common Representative.