Examples of Grupo Aval Limited in a sentence
Grupo Aval Limited has not required, to this date, cash from Grupo Aval Acciones y Valores S.A. to fulfill its obligations.
Each Paying Agent shall hold in trust, for the benefit of Holders or the Trustee, all money held by such Paying Agent for the payment of principal of or interest on the Notes and shall notify the Trustee of any default by Grupo Aval Limited in making any such payment.
The Notes shall not be exchangeable or convertible into any securities of Grupo Aval Limited or Grupo Aval or any of its Affiliates.
The Group is principally engaged in the sale of health-care products and electronic components.
If Grupo Aval Limited or Grupo Aval or an Affiliate of Grupo Aval is acting as Paying Agent, Grupo Aval Limited or Grupo Aval shall, prior to 11:00 a.m. (New York City time) on each Payment Date, segregate and hold in trust U.S. Dollars sufficient to make cash payments due on such Payment Date.
All payments by Grupo Aval Limited or Grupo Aval in respect of the Notes or the Guarantees shall be made free and clear of and without any withholding or deduction for or on account of any present or future Taxes, unless the withholding or deduction of such Taxes is required by law or the official interpretation thereof, or by the administration thereof.
Subject to the provisions of Section 2.9, until Certificated Notes are ready for delivery, Grupo Aval Limited may prepare, and the Trustee shall authenticate, temporary Notes.
Every replacement Note is an additional contractual obligation of Grupo Aval Limited and shall be entitled to the benefits of this Indenture.
Upon termination of the trust established pursuant to Section 8.2, the Trustee and each Paying Agent shall promptly pay to Grupo Aval Limited or Grupo Aval, as the case may be, upon written request, any excess cash or U.S. Government Obligations held by them.
Nothing herein shall affect the right of the Trustee, the Registrar, any Paying Agent, any Transfer Agent or any other agent appointed hereunder or any Holder to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against Grupo Aval Limited or Grupo Aval, as the case may be, in any other court of competent jurisdiction.