Examples of NII Mexico in a sentence
While such charges continue to accrue, NII Holdings last collected a Royalty Fee from NII Mexico in November 2012.
NIS and NII Holdings also are parties to service agreements with NII Mexico, NII Brazil and NII Argentina under which those Operating Companies provide services in Latin America to NIS and NII Holdings and charge a fee equal to the cost of providing such services plus 8% (NII Mexico), 6% (NII Brazil) and 10% (NII Argentina), with past due amounts accruing interest at the rate of 2% per annum.
For example, the sentence ‘Budi membunuh Ali, tapi dia tidak mati’ (‘Budi killed Ali, but he did not die’) would make perfect sense in Indonesian although it would be nonsensical in English [153].
As stated above, on June 27, 2014, CDB granted waivers to NII Brazil and NII Mexico in connection with their non-compliance with such financial covenants as of the calculation date of June 30, 2014.
The material terms of the New NII-ATC Guaranty include, without limitation: A term of 5 years; A reduction of the maximum amount of the guaranteed obligations to $291 million, subject to adjustments over time, and the imposition of such maximum guaranteed amount on the previously uncapped obligations of NII Mexico and NII Brazil guaranteed by NII Holdings and the previously unguaranteed obligations of NII Mexico under that certain Master Lease Agreement between NII Mexico and MATC Digital S.
Based on these forecasts, the Debtors anticipate that during the remainder of 2014, International Telecom could loan up to $56 million to NII Brazil and up to $35 million to NII Mexico.17 The Debtors do not intend to transfer any funds to NII Brazil or NII Mexico prior to the entry of the Final Order.
NII Mexico and NII Brazil are valued at 40% and 60%, respectively, of the aggregate enterprise value attributed to NII Mexico and NII Brazil.
Since November 2012, NIS has not collected any Services Fees from NII Mexico, but NIS continues to record these charges as giving rise to intercompany claims by NIS against NII Mexico.
Moreover, repayment of certain of the Mexico Obligations and the Argentina Obligations relating to NII Mexico had been subordinated to local debt obligations.
In August 2013, NII Brazil and NII Mexico entered into sale-leaseback transactions with respect to 2,790 and 1,666 communication towers, respectively, with the ATC Counterparties and other affiliates of American Tower Corporation ("ATC") in two separate transactions for total estimated proceeds based on foreign currency exchange rates at the time of $432 million and $391 million, respectively (together, the "Tower Transactions").