DEORSA definition
Examples of DEORSA in a sentence
Deloitte Guatemala is an independent auditor with respect to each of DEORSA, DEOCSA, RECSA and Guatemel, in each case under the independence rules of the American Institute of Certified Public Accountants’ Code of Professional Conduct and its interpretations.
The remaining useful lives of DEORSA and DEOCSA’s concessions to operate in their respective defined geographic areas are each 32 years.
Deloitte Panama is an independent registered public accounting firm with respect to each of DEORSA, DEOCSA, RECSA and Guatemel, as well as the Issuer and its consolidated subsidiaries, in each case within the meaning of the 1933 Act, the 1933 Act Regulations, the PCAOB and the rules and regulations thereunder.
Section 4.15(b) of the Company Disclosure Schedule sets forth a list of the twenty (20) customers to whom DEOCSA and DEORSA made the most sales (in terms of monetary amounts) during the 2015 calendar year.
Concessions Intangible assets granted by the Energy and Mining Ministry of Guatemala to DEORSA and DEOCSA to operate in defined geographic areas, and acquired as part of business combination.
Section 4.15(a) of the Company Disclosure Schedule sets forth a list of the twenty (20) suppliers and vendors from whom DEOCSA and DEORSA made the most purchases (in terms of monetary amounts) during the 2015 calendar year.
As of the date of this Agreement, neither DEOCSA nor DEORSA has received notice that any such customer intends to cancel or terminate its agreements with DEOCSA or DEORSA, as applicable.
Except as would not reasonably be expected to have a Business Material Adverse Effect, all charges made by each of DEOCSA and DEORSA to its customers for electricity distribution services have been made in accordance with the terms and conditions set forth in applicable Law and any Contract with the Guatemalan Electricity Commission (Comisión Nacional de Energia Electrica) and the Guatemalan Institute of Electrification (Instituto Nacional de Electrificación).
As of the date of this Agreement, neither DEOCSA nor DEORSA has received notice that any such supplier or vendor intends to cancel or terminate its agreements with DEOCSA or DEORSA, as applicable.