Luxembourg Commercial Code definition

Luxembourg Commercial Code means the Code de Commerce of Luxembourg.

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Luxembourg Commercial Code means the Code de Commerce of Luxembourg. “Luxembourg Companies Act” means the Luxembourg act dated 10 August 1915 on commercial companies, as amended. “Mandatory Prepayment Event” means any of the events described in clauses (i), (ii) and (iii) of Section 2.08(a).

Luxembourg Commercial Code means the Code de Commerce of Luxembourg. “Luxembourg Companies Act” means the Luxembourg act dated 10 August 1915 on commercial companies, as amended. “Material Adverse Effect” means any event or circumstance that has a material adverse effect on (a) the ability of the Obligors (taken as a whole) to perform their payment obligations under the Loan Documents or (b) the validity or enforceability of this Agreement or the rights or remedies of the Lenders or the Administrative Agent hereunder. “Material Intellectual Property” has the meaning assigned to such term in Section 5.05(b). “Maturity Date” means the date that is five (5) years following the Borrowing Date. “MICSA Revolving Facility Agreement” means that certain Revolving Credit Agreement dated as of October 15, 2020, by and among the Guarantor, the Lenders named therein and The Bank of Nova Scotia as Administrative Agent, as amended, supplemented or otherwise modified. “Minority Shareholder Loans” means Debt of any Restricted Subsidiary or any Borrower Restricted Subsidiary that is issued to and held by an equity owner of such Subsidiary, other than a member of the Restricted Group. “▇▇▇▇▇’▇” means ▇▇▇▇▇’▇ Investors Services, Inc. and any successor to its rating agency business. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “Nicaragua” means the Republic of Nicaragua. “Nicaragua Borrower” has the meaning assigned to such term in the first paragraph of this Agreement. “Nicaragua Group” means the Nicaragua Borrower and the Nicaragua Restricted Subsidiaries (if any). “Nicaragua Loans” means each Loan made to the Nicaragua Borrower as part of the Borrowing. “Nicaragua Restricted Subsidiary” means any Restricted Subsidiary that is a Subsidiary of the Nicaragua Borrower. “Nicaragua Significant Subsidiary” means any Significant Subsidiary of the Nicaragua Borrower.

Examples of Luxembourg Commercial Code in a sentence

• As of the Closing Date, after giving effect to the consummation of the Transactions on the Closing Date, the Parent Borrower has not (i) suspended its payments (cessation de paiements) or (ii) lost its financial creditworthiness (ébranlement du crédit) within the meaning of Article 437 of the Luxembourg Commercial Code.

• The parties hereby irrevocably submit to the exclusive jurisdiction of the Luxembourg courts in connection with any disputes arising under this Agreement by signing hereunder for acceptance, the Company acknowledges and accepts the existence of this Agreement and security interest created thereunder over the Pledged Shares for the purposes of article 114 (3) (c) of the Luxembourg Commercial Code, takes notice of the terms thereof and undertakes to duly register forthwith this Pledge in its share register.