Applicable statute definition

Applicable statute means the statutory provisions listed in HSC §25395.66(a)- (e)
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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.
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Applicable statute means approved legislation or formal regulation which governs a particular activity, operation or function.
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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.
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Related to Applicable statute

  • Applicable State Law For purposes of Section 9.12(d), the Applicable State Law shall be (a) the law of the State of New York and (b) such other state law whose applicability shall have been brought to the attention of the Securities Administrator and the Trustee by either (i) an Opinion of Counsel reasonably acceptable to the Securities Administrator and the Trustee delivered to it by the Master Servicer or the Depositor, or (ii) written notice from the appropriate taxing authority as to the applicability of such state law.

  • the Statutes means the Companies Act and every other act (as may from time to time be amended) for the time being in force in Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Governing statute of an organization means the statute that governs the organization's internal affairs.

  • Applicable Standards means the requirements and guidelines of NERC, the Applicable Regional Entity, and the Control Area in which the Customer Facility is electrically located; the PJM Manuals; and Applicable Technical Requirements and Standards.

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.