Renova definition
Examples of Renova in a sentence
In connection therewith, Renova shall use commercially reasonable efforts to take, or cause to be taken, all actions, and to do promptly, or cause to be done, and to assist and cooperate with the other Parties in doing, all things reasonably necessary, proper or advisable to cause the termination and release of the Banco do Brasil Financing Liens as soon as practicable after the Effective Date and in no event later than January 31, 2016.
The Company has the right to inspect, or demand for such licenses, permits, authorization and certificates and the Contractor/ Consultant shall forthwith comply with such inspection on demand.
Notwithstanding the provisions of Section 11.1 of the Salvador SSA, the Parties hereby agree that Renova shall be responsible for one of the IOF Tax payments and Renova and EMYC Sub shall each be responsible for one-half of the second IOF Tax payment.
In view of this, Renova shall indemnify and hold harmless the TERG Parties from and against all Losses that exclusively arise out of or result from such redemption of Nova Renova.
If the amounts received from the sale of the shares of TERG Common Stock (including the Pledged TERG Shares) pursuant to Section 2.7 are insufficient to repay the Debentures in full, Renova agrees to provide the remaining funds necessary to repay the Debentures in full with cash (R$).
The Debtors’ and the Committee’s rights to oppose or object to the Preserved DE Shaw Unsecured Claim and the Preserved Renova Unsecured Claim on any grounds, including by seeking to reduce the allowed amount of such claim or to disallow such claim in its entirety, shall be preserved in accordance with the TERP Settlement Agreement and the GLBL Settlement Agreement (as applicable).
Renova acknowledges and agrees that the redemption of shares approved in the officers meeting of Nova Renova held on July 23, 2015 pursuant to which 39,891,800 Nova Renova shares were redeemed without the consent by the relevant lenders, notwithstanding the provisions in the applicable financing agreements with BNDES, BB and the debentures in which Nova Renova and Renova is a party.
For the avoidance of doubt, Renova hereby acknowledges and agrees that Global shall be permitted and entitled to use any funds that it receives from Escrow Account pursuant to the terms of this Section 2.4(b) as described in the preceding sentence.
Each of the TERG Parties further acknowledges that Renova has granted to EMYC Sub and Buyer, as applicable, the powers of attorney attached as Schedule 4.3(b) hereto in connection with the relevant Reorganization, which does not discharge Renova of its obligation under the Phase I Agreements, including the completion of the Reorganization(s).
To the extent that any taxes are payable in connection with such reimbursement, Global and Renova will bear the cost of such taxes equally.