Teleductos Holdings definition
Teleductos Holdings has a total payable outstanding balance under both the Jarsi Share Purchase Agreement and the FT Share Purchase Agreement of Five Million Two Dollars (US$5,000,002), plus accrued interest distributed as follows : (i) under the Jarsi Share Purchase Agreement, One Million Five Hundred Twenty Four Thousand Eight Hundred Dollars (US$ 1,524,800), plus accrued interest payable as follows : (a) Six Hundred Nine Thousand Nine Hundred and Twenty Dollars (US$609,920), plus accrued interest due on August 31, 1999 and (b) Nine Hundred Fourteen Thousand Eight Hundred and Eighty Dollars (US$ 914,880), plus accrued interest which shall be due on February 1, 2000 ; and (ii) under the FT Share Purchase Agreement, Three Million Four Hundred Seventy Five Thousand Two Hundred and Two Dollars (US$ 3,475,202), plus accrued interest, payable as follows :
(a) One Million Three Hundred and Ninety Thousand Seventy Eight Dollars (US$ 1,390,078), plus accrued interest due on August 31, 1999; and (b) Two Million Eighty Five Thousand One Hundred and Twenty Four Dollars (US$ 2,085,124), plus accrued interest which shall be due on February 1, 2000 (all of which shall be hereinafter referred to as the "Outstanding Amounts").
Examples of Teleductos Holdings in a sentence
On February 1, 1999 FirstCom Teleductos Holdings executed a Share Purchase Agreement with Varel (hereinafter the Jarsi Share Purchase Agreement") pursuant ▇▇ ▇hich FirstCom Teleductos Holdings acquired 100% of the equity interests in Jarsi Finance Corp., a corporation organized and existing under the laws of Panama, and an indirect equity participation of 15.55% in a Colombian telecommunications Company formerly known as "Teleductos S.A." and now known as "FirstCom Colombia S.A.".