Examples of Puerto Bahia in a sentence
For financial reporting purposes, the 2025 Puerto Bahia Debt is classified as a current liability.
As a result, the total amount outstanding under the 2025 Puerto Bahia Debt is presented as a current liability in accordance with IAS 1.
Pursuant to the terms of the agreement, Sociedad Puerto Bahia will provide for the storage, transfer, loading and unloading of hydrocarbons at its port facilities.
Under the ECA, the Company and IVI agreed jointly and severally to cause contributions (via debt or equity) to Puerto Bahia up to the aggregate amount of $130.0 million whenever Puerto Bahia had a deficiency in the reserve account supporting its bank loan.
Pursuant to the terms of the ECA, Frontera has from time to time made loans to Puerto Bahia (“ECA Loans”) that are subordinated to the 2025 Puerto Bahia Debt and bear interest of 14%.
However, it is plain that the reference in cl 19 refers to rest and meal breaks, given that this is what s 69ZD (which has been incorporated into the parties’ agreement by way of reference) specifically relates to.
In December 2012, the Company entered into a take-or-pay agreement with Sociedad Puerto Bahia, a company that is wholly owned by Pacific Infrastructure.
During the course of 2018, 2019 and 2020, the lenders gave notices stating that Puerto Bahia is in breach of various loan covenants but did not accelerate the loan.
The 2025 Puerto Bahia Debt is presented as a current liability as the lenders have given notices stating that Puerto Bahia is in breach of various loan covenants.
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