CSTV definition

CSTV has the meaning set forth in the Recitals hereof.
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Examples of CSTV in a sentence

  • As CSTV receives significant ‘‘good cause payments’’ from SAZKA, such action would significantly prejudice CSTV’s receipt of such funds and ability to conduct its activities in the future.

  • CSTV has agreed to act so as to enable the servicing of the Bonds in the Amended Priority Distribution Agreement.

  • In addition, if as a result of actions by CSTV, payments cannot be made to OSZO due to a breach by CSTV’s and SAZKA’s failure to enforce effectively the shareholders’ obligations, SAZKA will not be able to use the ‘‘good cause payments’’ to service payments under the Conditions and the Trust Deed.

  • In this event, CSTV will be excluded from voting in a general meeting of SAZKA on the approval of ‘‘good cause distributions’’.

  • If such a termination were to occur, CSTV would be able to vote at SAZKA’s general meetings in favour of and, due to its majority shareholding in SAZKA, thereby approve the ‘‘good cause distributions’’ to OSZO required under the Mandatory Contribution Agreement.

  • A successful challenge of the resolution of SAZKA’s general meeting approving the distribution of Part of Proceeds, or a significant limitation to effectively contract out of the usual termination provisions of Czech law in the Amended CSTV Cooperation Agreement, could have a material adverse effect on the SAZKA’s ability to service payments under the Bonds in a timely manner, or at all.

  • For other risks related to CSTV as a controlling shareholder see ‘‘— Risks Relating to SAZKA’s Business — Control of SAZKA by CSTV’’.

  • If SAZKA changes its shareholders or OSZO its members, related party voting will not remain unanimously agreed and CSTV would be unable to approve distributions under the Amended Priority Distribution Agreement.

  • The ability of parties to the Amended CSTV Cooperation Agreement to contract out of usual termination provisions under Czech law may also be limited by law.

  • However, there can be no assurance that CSTV will not take this or any other action that conflicts with Bondholders’ interests.

Related to CSTV

  • CST means Central Sales Tax

  • SoftBank means Softbank Group Corp.

  • CSAM or "Credit Suisse" (or any combination thereof).

  • CSDCC means the China Securities Depository and Clearing Co., Ltd. “CSRC” means the China Securities Regulatory Commission.

  • DGPC means Druk Green Power Corporation Limited including its successors and permitted assigns;