Brazil definition

Brazil means the Federative Republic of Brazil.

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Brazil has the meaning set forth in the preamble to this Agreement.

Brazil means any of Sao Paulo, Rio de Janeiro or Brasilia;

Examples of Brazil in a sentence

• Shares acquired under the Plan that are held outside of Brazil (e.g., in a non-Brazilian brokerage account) are among the assets and rights that must be reported.

• A declaration of assets and rights held outside of Brazil may need to be filed with the Central Bank of Brazil if assets or rights with an aggregate value exceeding USD 1,000,000 are held on December 31 of each year.

• By participating in the Plan, the Awardee acknowledges, understands and agrees that (i) the benefits provided to the Awardee under the Plan are unrelated to his or her status as an employee of the Employer in Brazil, (ii) the Awardee is making an investment decision, (iii) Shares will be issued to the Awardee only if he or she remains in Service through each vesting date, and (iv) the value of the Shares is not fixed and may increase or decrease in value without compensation to the Awardee.

• Notwithstanding anything contained in the Deposit Agreement to the contrary, any ADR or any present or future provisions of the laws of the State of New York, the rights of holders of Shares and of any other Deposited Securities and the obligations and duties of the Company in respect of the holders of Shares and other Deposited Securities, as such, shall be governed by the laws of Brazil (or, if applicable, such other laws as may govern the Deposited Securities).

• The Depositary will not (absent negligence, bad faith, or breach of contract and general principles of agency) be subject to any potential liability under the laws of Brazil for taking the actions contemplated in the Deposit Agreement.

More Definitions of Brazil

Brazil means The Federative Republic of Brazil and any branch of power, ministry, department, authority or statutory corporation or other entity (including a trust) owned or controlled directly or indirectly by it or any of the foregoing or created by law as a public entity.

Brazil means The Federative Republic of Brazil.

Brazil has the meaning set forth in the preamble to this Indenture.

Brazil means the Federative Republic of Brazil (República Federativa do Brasil).

Brazil has the meaning set forth in the first recital of this Indenture.

Brazil means any of Sao Paulo, Rio de Janeiro and Brasilia;

Brazil means the continental and insular territory of the Federative Republic of Brazil, including its territorial sea, as defined by the United Nations Convention on the Law of the Sea, and the corresponding sea bed and sub-soil, as well as any maritime area beyond the territorial sea, including the sea bed and the sub-soil to the extent that in that area Brazil in accordance with international law exercises rights with respect to the exploration and exploitation of the natural resources;