Interbanca definition

Interbanca means GE Capital Interbanca S.p.A., having its registered office in Milan (MI), Corso Venezia 56, with a fully paid‐up share capital of Euro 217,335,282, registered with the Companies Register of Milan, registration number, tax code and VAT number00776620155. "Intercompany Debt" means the debt outstanding at the Transaction Performance Date between the companies of theInterbanca Group and the Seller’s group. "Interest" means No. 72,440,331 shares with a par value of Euro 3 each, representing 99.993% of the share capital ofInterbanca. "Interim Report as at 30 September 2016" means the interim report as at 30 September 2016 ofBanca IFIS. "Investees" means jointly IFIS Leasing, IFIS Factoring and IFIS Rental Services. "Issuers Regulation" means the regulation adopted by CONSOB under resolution No. 11971 of 14 May 1999, as subsequentlyamended and supplemented. "Preliminary Price" means the amount of Euro 160,000,000 paid as at the Execution Date by Banca IFIS to the Seller subject tothe Price Adjustment. "Price Adjustment" means the Preliminary Price adjustment mechanism. "Purchaser" or "Issuer" or "Banca IFIS" means Banca IFIS S.p.A., having its registered office in Mestre (VE), via Terraglio 63, with a fully paid‐up share capital of Euro 53,811,095.00, registered with the Companies Register of Venice, registration number, tax code and VAT number 02505630109,registered with the Bank Register under No. 5508. "Seller" means GE Capital International Holdings Limited, a company incorporated under the Laws of the United Kingdom, having its registered office in London, in TheArk, 201 Talgarth Road, company number 9666321. "Transaction Performance Date" means 30 November 2016, the date on which theTransaction was performed. "Transaction" means the transaction involving the acquisition by Banca IFIS of the Seller’s Interest and the simultaneous repayment of debt to the Seller by the Interbanca Group also by partial refinancing to thirdparties.. "TUB" means the Legislative Decree No. 385 of 1 September 1993, (Testo Unico delle leggi in materia bancaria ecreditizia, consolidated law on banking and credit), as subsequently amended and supplemented.
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Examples of Interbanca in a sentence

  • For the purposes of this financing Domicile contracts, Interbanca elects its domicile in Milan and the Client in Flor▇▇▇▇.

  • Purchaser is solely responsible for the fees and expenses of Interbanca.

  • Purchasers will deposit the Holdback Amount in an escrow account with Interbanca S.p.A. or such other escrow account as agreed to by Purchasers and Sellers in writing (“Escrow Agent”) pursuant to an escrow agreement (“Escrow Agreement”) substantially in the form attached hereto as Exhibit A.

  • In the event of such termination all amounts of principal and interest outstanding, including the interest that Interbanca expects to receive for the duration of this financing, and including related costs and expenses, shall become immediately due.

  • The Client represents and warrants as to the truthfulness of the financial statements and of the other documentation provided to Interbanca.

  • Except for Interbanca, no broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Purchaser.

  • All of the present and future guarantees for this financing given to Interbanca shall be enforceable at the discretion of Interbanca.

  • Interbanca shall send notification to the Client of such termination by registered mail.

Related to Interbanca

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • London Interbank Offered Rate has the meaning set forth in Section 2.06(c).

  • Interbank Rate means, for any period, (a) in respect of Loans denominated in Dollars, the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • Relevant Interbank Market means in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.