Examples of Guarantor’s Board of Directors in a sentence
If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared.
If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announced.
Business strategy On 27 July 2021, the Guarantor’s Board of Directors approved a new Strategic Plan for the period 2021 through 2025 (the “Strategic Plan”), during which the Group aims to strengthen its role in the energy transition and decarbonisation.
The execution and delivery of the Transaction Documents by the Company and the Guarantor and the consummation by the Company and the Guarantor of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Notes, have been duly authorized by the Company’s and the Guarantor’s Board of Directors.
Each Guarantee will be duly executed and delivered by the respective Local Guarantor when the Guarantee has been (i) signed by an officer of the Local Guarantor duly authorized to do so by the resolutions of the Local Guarantor’s Board of Directors or Managing Member/Manager, as applicable, and (ii) delivered to the Trustee in accordance with the Terms of the Indenture.