EDENOR definition
Examples of EDENOR in a sentence
Dolphin shall refrain from, and cause EASA and EDENOR to refrain from, filing any claim of any nature against any former director, officer or member of the Auditors Committee of EDENOR arising from or in connection with their position held in EDENOR, except in case of willful misconduct of any of such directors, officers or member of the Auditors Committee.
EDFI commits to (i) instruct the directors of EDENOR nominated by it to vote favourably any board decision regarding the restructuring of EDENOR’s indebtedness, (ii) vote favourably as a shareholder of EDENOR any shareholders decision regarding the restructuring of EDENOR’s indebtedness and (iii) vote favourably, or cause any affiliated party to vote, any indebtedness of EDENOR held by EDF: or such other affiliated party, regarding any restructuring proposal made by EDENOR to its creditors.
In order for a sale (and transfer of rights and/or obligations) of either EDFI or Dolphin to an Affiliate to be effective, the transferee must adhere to the terms and conditions of this Shareholder Agreement and assume in writing pursuant to Section 2.03 hereof all rights and obligations of the transferor to the extent of its equity participation, directly or indirectly, in EDENOR.
The Put Option Exercise Period shall be automatically extended in the case that the audited consolidated financial statements have not been approved by EDENOR, issued and delivered to EDFI by March 10, 2013 (for the Put Option Exercise Period commencing on April 1, 2013 and ending on April 30, 2013) and by March 1C, 2014 (for the Put Option Exercise Period commencing on April 1, 2014 and ending on April 30, 2014).
The purpose of this Shareholder Agreement is to regulate the relationship of the parties as direct and indirect shareholders of EDENOR (“Shareholders”), and to record the guidelines that will lead the parties’ action in their task of conducting and managing EDENOR, trying to minimize the causes of potential conflicts and to provide for mechanisms to resolve conflicts, if any, as fairly as possible.
In case that EDFI’s beneficial economic ownership in EDENOR is reduced below 7.5% of its issued and outstanding shares, EDFI shall no longer have the right to nominate any member to the Board, except to the extent Argentine law entitles it to nominate and elect such member.
The parties agree that EDENOR shall not be obligated to effect a demand registration unless a minimum of 10% of EDENOR’s capital stock provide notice of such demand and such 10% is to be offered under the correspondent registration statement.
In addition, Dolphin shall cause EDENOR to bear reasonable fees of legal counsel selected by EDFI to defend former directors, officers and members of the Auditors Committee of EDENOR in connection with any claim they may suffer as a result of actions taken prior to the Closing, except in case of willful misconduct of any of such former directors, officers or members of the Auditors Committee.
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR) and THE BANK OF NEW YORK have duly executed this Deposit Agreement as of the day and year first set forth above and all Owners and Holders shall become parties hereto upon acceptance by them of American Depositary Shares or any interest therein.
Purchase Agreement entered into between EDFI and Dolphin Energia whereby the parties agree to the purchase by Dolphin Energia and IEASA of 216,965,889 shares representing 100% of the capital stock and voting rights of EASA, and by NEV of 116,425,420 shares representing 14% of the capital stock and voting rights of EDENOR, as amended as of the date hereof.