Applicable statute definition
Applicable statute means the statutory provisions listed in HSC §25395.66(a)- (e)
Applicable statute means (i) the Ley de Concursos Mercantiles or other bankruptcy, insolvency or similar laws of Mexico, (ii) Title 11 of the United States Code §§ 101 et seq. (the “Bankruptcy Code”) or (iii) the bankruptcy, insolvency or similar laws of any other jurisdiction (any proceeding under clause (i), (ii) or (iii), a “Bankruptcy Proceeding”). In performing its services pursuant to this Agreement, and notwithstanding anything to the contrary herein, Rothschild & Co is not assuming any responsibility for the Company’s decision to pursue (or not to pursue) any business strategy or to effect (or not to effect) any Transaction or other transaction. Rothschild & Co shall not have any obligation or responsibility to provide accounting, audit, “crisis management” or business consultant services to the Company, and shall have no responsibility for designing or implementing operating, organizational, administrative, cash management or liquidity improvements. The Company acknowledges that Rothschild & Co is not providing any advice on tax, legal or accounting matters, and that the Company will seek the advice of its own professional advisors with respect to such matters and make an independent decision regarding any transaction contemplated herein based on such advice. Grupo Aeroméxico S.A.B. de C.V. As of June 3, 2020 Section 2 Information Provided by the Company.
Applicable statute means approved legislation or formal regulation which governs a particular activity, operation or function.
Examples of Applicable statute in a sentence
The provisions of this paragraph shall survive the Closing until all claims are finally settled by the Internal Revenue Service or are barred by the Applicable statute of limitations.
The representations and warranties contained herein shall survive the consummation of the transactions contemplated by this Agreement for the Applicable statute of limitations.
More Definitions of Applicable statute
Applicable statute. With respect to any Tax Lien and any jurisdiction, the applicable law set forth in the categories listed on Schedule C hereto, as amended, supplemented, modified, replaced, restated and otherwise in effect from time to time.