Aval definition

Aval means each of (i) the Spanish law guarantee granted, or required to be granted, in Spain on behalf of the Company in connection with the cash consideration portion of the Offer in the form attached as Schedule 10 (Spanish Aval); and (ii) the Belgian law guarantee granted, or required to be granted, in Belgium on behalf of the Company in connection with the cash consideration portion of the Offer in the form attached as Schedule 11 (Belgian Aval) as the context may require.
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Aval means a bill guarantee;
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Aval means each aval issued by an Issuing Entity substantially in the form set out in Schedule 9 (Form of Avales) or with such changes as may be required by the CNMV provided such changes do not (individually or in aggregate) materially and adversely affect the interests of the Finance Parties or are otherwise approved by the Issuing Entities in each case in connection with the Offer or Delisting Offer and any substitute Aval issued in accordance with Clause 6.3 (Issue of Avales) (together, the Avales).
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Examples of Aval in a sentence

  • Prior to the publication or mailing of any notice of redemption of the Notes, Grupo Aval Limited or Grupo Aval must deliver to the Trustee an Officers’ Certificate confirming that it is entitled to exercise such right of redemption.

  • No notice of redemption shall be given earlier than 60 days prior to the earliest date on which Grupo Aval Limited or Grupo Aval would be obligated to pay such Additional Amounts if a payment in respect of the Notes were then due.

  • For so long as the Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market, Grupo Aval Limited shall maintain a Paying Agent and Transfer Agent in Luxembourg.

  • Grupo Aval Limited or Grupo Aval shall also deliver an opinion of legal counsel of recognized standing stating that it would be obligated to pay such Additional Amounts due to the changes in tax laws or regulations or changes in, or pronouncements with respect to, the official application or official interpretation of such laws or regulations.

  • Upon any bankruptcy, liquidation, insolvency or similar proceeding with respect to Grupo Aval Limited or any Affiliate of Grupo Aval Limited, if Grupo Aval Limited or such Affiliate of Grupo Aval Limited is then acting as Paying Agent, the Trustee shall replace Grupo Aval Limited or any Affiliate of Grupo Aval Limited as Paying Agent.

  • Grupo Aval Limited at any time may deliver Notes to the Trustee for cancellation.

  • Upon any consolidation or merger, conveyance, transfer or lease of all or substantially all of the assets of Grupo Aval in accordance with Section 5.1 in which Grupo Aval is not the continuing guarantor under this Indenture, the surviving or transferor Person shall succeed to, and be substituted for, and may exercise every right and power of, Grupo Aval under this Indenture with the same effect as if such successor had been named as Grupo Aval therein.

  • If any such deduction or withholding shall be required, prior to such Interest Payment Date, Grupo Aval Limited shall furnish the Trustee and the Paying Agents with an Officers’ Certificate which specifies the amount, if any, required to be withheld or deducted on such payment to Holders of the Notes and certifies that Grupo Aval Limited shall pay such withholding or deduction amount to the appropriate Taxing Jurisdiction.

  • Upon complying with this Section 2.4, the Paying Agent (if other than Grupo Aval Limited) shall have no further liability for the money delivered to the Trustee.

  • The Notes may have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification and such notations, legends or endorsements as may be required to comply with any law, securities exchange rule, agreement to which Grupo Aval Limited is subject, if any, or usage, provided that any such notation, legend or endorsement is in a form acceptable to Grupo Aval Limited.


More Definitions of Aval

Aval. CEMEX MEXICO S.A. DE C.V. Firma del Suscriptor o de su apoderado legal
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Aval or similar guarantees) given by any third party in connection with the Existing Notes; provided that this covenant will terminate in the event that creditors holding claims against the Net Parties in an aggregate amount equal to or greater than $11 million take any of the foregoing actions after the date hereof.
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Aval means a guarantee to be issued pursuant to the Equity Bridge Facility or the Senior Credit Facility (as the case may be);
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Aval means level of availability expressed in % “DOWN” means time of outage during the Measurement Period
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Related to Aval

  • Unsupervised means not in the presence of:

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Renewable resource means: (a) Water; (b) wind; (c) solar

  • Best Management Practices (BMPs) means schedules of activities, prohibitions of practices, maintenance procedures, and other management practices to prevent or reduce the discharge of pollutants to waters of the United States. BMPs also include treatment requirements, operating procedures, and practices to control plant site runoff, spillage or leaks, sludge or waste disposal, or drainage from raw material storage.