CVRD definition
Examples of CVRD in a sentence
If such an amendment or change in laws occurs, the Company or CVRD shall notify the Trustee and the Depositary and issue a Press Release informing Holders of such amendment or change in law and the Company’s decision to exercise its right to convert the notes as provided herein.
During any Deferral Period, the Company and the Guarantor shall not declare or pay dividends, or make any other distributions on (including distributions in the form of interest on capital under Brazilian law), or redeem, purchase, acquire or make a liquidation payment with respect to, equity securities of the Company or CVRD, as applicable, except for distribution of amounts required to be distributed to shareholders under applicable law and CVRD’s bylaws.
For this reason, the Employer shall ensure that a copy of the Agreement is available on the CVRD website.
Any ADSs delivered by the Company to the Holders of the Notes that are not affiliated with CVRD shall be free of any transfer restrictions, and the Holders of Notes will be responsible for the payment of any and all brokerage costs upon the subsequent sale of such ADSs. No fractional ADSs will be issued at Maturity as provided in the Indenture.
As more fully provided in the Indenture, in the event that CVRD makes any cash distributions to holders of its ADSs, the Company shall pay to Holders an amount in U.S. dollars equal to any cash distributions (net of any applicable withholding tax and fees) paid by the ADS Depositary to a U.S. Holder of one ADS, multiplied by the number of ADSs that would be received upon conversion of the Notes at the Maximum Conversion Rate.