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 and the Original Lenders 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

  • Like observable prices are not available for these securities, Grupo Aval has used valuation techniques as discounted cash flows to obtain fair value.

  • Government funds such as: Fundo de Amparo ao Trabalhador – FAT, Fundo de Aval para Geração de Emprego e Renda – Funproger.

  • Promigas and its subsidiaries hedge the exchange risk arising in future transactions of highly probable gas transportation income, entered into forward contracts for the sale of U.S. dollars with financial entities different from the ones consolidated into Grupo Aval.

  • Grupo Aval considers hedging as highly effective if at the beginning and in subsequent periods, the hedging is highly effective at offsetting changes in fair value or in cash flows attributable to the risk hedged during the period for which the hedging has been designated.

  • Grupo Aval has initially adopted IFRS 15 and IFRS 9 as of January 1, 2018.

  • Without prejudice to the role of Grupo Aval in its capacity as parent company, each Subordinate Entity is directly responsible for managing its risks and those of its affiliates and subsidiaries.

  • Non-controlling Interest in Grupo Aval reflects: (i) the minority stakes that third party shareholders hold in each of its direct consolidated subsidiaries (Banco de Bogotá, Banco de Occidente, Banco Popular, Banco AV Villas and Corficolombiana), and (ii) the minority stakes that third party shareholders hold in the consolidated subsidiaries at the bank level (mainly Porvenir).

  • This operation was eliminated in the consolidation process of Grupo Aval and was excluded of the foreign investment hedge accounting.

  • Briefly Indicate: Pursuant to the governance model established in the Framework Policy for Integral Risk Management, the Board of Directors of each entity of the Organization and/or the Senior Management (depending on the regulation in force wherein the Grupo Aval operates) is responsible for approving the main policies for risk management.

  • Likewise, the Audit Committee of Grupo Aval, in its capacity as support committee of the Board of Directors for the decision-making inherent to internal control and its improvement, is periodically informed about the risk situation of the Corporation, the events occurred, their level of impact and criticality, allowing them to propose corrective actions or generating process remediation or improvement instructions for the Senior Management for the cases cited.


More Definitions of Aval

Aval means level of availability expressed in % “DOWN” means time of outage during the Measurement Period
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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. CEMEX MEXICO S.A. DE C.V. Firma del Suscriptor o de su apoderado legal /s/ Rodrigo Trevino Muguerza ----------------------------- Ing. Rodrigo Trevino Muguerza Xhief Financial Officer Direccion del "Suscriptor": Ave. Constitucion # 444 Pte. Monterrey, N.L. Nombre del "Aval" EMPRESAS TOLTECA DE MEXICO, S.A. DE C.V. Firma del Suscriptor o de su apoderado legal /s/ Rodrigo Trevino Muguerza ----------------------------- Ing. Rodrigo Trevino Muguerza Xhief Financial Officer Direccion del "Suscriptor": Ave. Constitucion # 444 Pte. Monterrey, N.L.
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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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Related to Aval

  • Unsupervised means not in the presence of:

  • Psychotherapy notes means notes recorded (in any medium) by a health care provider who is a mental health professional documenting or analyzing the contents of conversation during a private counseling session or a group, joint, or family counseling session and that are separated from the rest of the of the individual’s medical record. Psychotherapy notes excludes medication prescription and monitoring, counseling session start and stop times, the modalities and frequencies of treatment furnished, results of clinical tests, and any summary of the following items: diagnosis, functional status, the treatment plan, symptoms, prognosis, and progress to date. 45 C.F.R. § 164.501.

  • Material support and resources means currency or monetary instruments or financial securities, financial services, lodging, training, expert advice or assistance, safehouses, false documentation or identification, communications equipment, facilities, weapons, lethal substances, explosives, personnel, transportation, and other physical assets, except medicine or religious materials.”

  • Denturist means an individual licensed to practice denture technology pursuant to state law.

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

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

  • Campfire means a small outdoor fire intended for recreation or cooking not including a fire intended for disposal of waste wood or refuse.

  • Comprehensive resource analysis means an analysis including,

  • obligor on the indenture securities means the Company. All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by SEC rule have the meanings therein assigned to them.

  • Unsupported means the same as that term is defined in Section 62A-4a-101.

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • indenture security holder means a Noteholder.

  • Assistant Superintendent means the assistant superintendent to whom the supervisor reports. If the supervisor is an assistant superintendent, the associate superintendent will serve as the assistant superintendent.

  • Off-highway implement of husbandry means the same as that term is defined in Section 41-22-2.

  • Unreasonable adverse effects on the environment means any unreasonable risk to humans or the environment, taking into account the economic, social, and environmental costs and benefits of the use of any pesticide.

  • Parade means any procession or body of pedestrians, except members of the Armed Forces, numbering more than 30, standing, marching or walking on any street or sidewalk, or any group of vehicles numbering ten or more, except funeral processions, standing or moving on any street;

  • Becquerel (Bq) means the SI unit of activity. One becquerel is equal to 1 disintegration or transformation per second (dps or tps).

  • Directly supervised means a qualified staff member maintains visual contact with the supervised staff.

  • Mayor means the duly elected and acting Mayor, or in the Mayor's absence, the duly appointed and/or elected Vice Mayor or Acting Mayor of the Issuer.

  • Issuer’s Bonds means any Bonds which are owned by the Issuer or any Affiliate of the Issuer.

  • Marihuana means that term as defined in section 7106 of the public health code, 1978 PA 368, MCL 333.7106.

  • Deputy Mayor means the councillor who is appointed by council, pursuant to section 34 of this bylaw, to act as mayor in the absence or incapacity of the mayor.

  • Assistant Hydrographic Surveyor means the Assistant Hydrographic Surveyor of the Authority, as the case may be

  • Tomographic plane means that geometric plane which is identified as corresponding to the output tomogram.

  • Temporary Notes The Notes specified in Section 2.3 of the Indenture.

  • Maintain Viable Presence means (i) the operation during the term of this Agreement of the facility or facilities for which the tax limitation is granted; and (ii) the Applicant’s maintenance of jobs and wages as required by the Act and as set forth in its Application.