Barbados definition
Examples of Barbados in a sentence
Borrower will not permit Biovail Insurance to (i) carry on any business other than the business of an Exempt Insurance Company as defined under the Exempt Insurance Act of Barbados for the purpose of insuring Borrower and/or some or all of its Subsidiaries or (ii) cancel, terminate or otherwise amend or modify the Biovail Insurance Trust Indenture.
Notwithstanding Sections 1 and 4 of the Agreement, due to regulatory requirements in Barbados, the grant of the RSUs does not provide any right for the Participant to receive shares of Common Stock upon settlement of the RSUs and settlement of any RSUs granted hereunder will be made in the form of a cash payment payable through local payroll.
All reservations of the accommodation and the use and occupancy of such accommodation shall be governed by the laws of Barbados.
Where such income is a dividend paid by a company which is a resident of Barbados to a resident of Singapore which is a company owning directly or indirectly not less than 10 per cent of the share capital of the first-mentioned company, the credit shall take into account the Barbados tax paid by that company on the portion of its profits out of which the dividend is paid.
Owner’s can recommend catering companies in Barbados but they are NOT allowed to use the amenities of Maya’s Bajan Villas Inc to perform their business operations.