BNV definition

BNV means Bluewater Offshore Production Systems N.V., a company incorporated in the Netherlands Antilles, with company number 63981 having its legal seat in Curaçao and whose registered office is at Zeelandia Office Park, Kaya W.F.G. (Jombi) ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Antilles;
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Examples of BNV in a sentence

  • With respect to the MSBC 401(k) plan only, employees of Ballston and BNV shall be given full credit for prior service with Ballston and BNV with respect to eligibility for and vesting in such plan.

  • Upon consummation of the Merger, as soon as administratively practicable employees of Ballston and BNV shall be entitled to participate in MSBC's pension, severance, benefit and similar plans on the same terms and conditions as employees of MSBC and its Subsidiaries.

  • BNV's headquarters are located at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ BNV has 4,500 shares of common stock, $1,000 par value per share ("BNV Common Stock") authorized (no other class of capital stock being authorized), of which 3,350 shares are issued and outstanding as of the date hereof, all of which are held of record and beneficially by Ballston.

  • With respect to Ballston, any reference herein to "Subsidiary" or "Subsidiaries" refers to BNV and, with respect to MSBC, any reference to "Subsidiary" refers to any MSBC Subsidiary and any reference to "Subsidiaries" refers to the MSBC Subsidiaries, jointly and severally (unless the context otherwise requires).

  • There are no options or share appreciation rights authorized or granted for BNV Common Stock and no commitment to grant any such options or share appreciation rights.

  • Ballston's only subsidiary is The Bank of Northern Virginia ("BNV").

  • BNV's loan and lease loss reserve as Previously Disclosed to MSBC are reasonably believed by Ballston and BNV to be adequate as of the date thereof and no event(s), occurrence(s), condition(s) or circumstance(s) has or have occurred which have had, will have, or are reasonably likely (individually or in the aggregate) to have the effect of rendering such loan and lease loss reserve inadequate or causing a material addition to the reserve to be made.

  • In the case of Ballston only, it has no subsidiaries other than BNV, all of the outstanding shares of which are validly issued, fully paid and nonassessable (except pursuant to 12 USC 55 or comparable state law, if any) and are owned by it free and clear of all liens, claims, encumbrances and restrictions on transfer whatsoever.

  • BNV is a corporation duly organized and existing in good standing under the laws of the Commonwealth of Virginia, is qualified to do business as a bank in Virginia and is a member bank of the Federal Reserve System.

  • Except to the extent reflected or reserved against in the MSBC Reports, as to MSBC and its Subsidiaries, and in the Ballston Reports, as to Ballston and BNV, and except as Previously Disclosed, it and its Subsidiaries have no material liability or obligation of any nature whether accrued, absolute, contingent or otherwise and whether due or to become due.