SERBV definition
Examples of SERBV in a sentence
Promptly (but in any ----------------------------------------- event not less than five Business Days) after an Actual Payment Amount has been paid by SNCBV as described in 8.27(a), SER shall pay or cause one of its subsidiaries to pay to SELLER the Actual Payment Amount received by SERBV or its Affiliates during such year from SNCBV.
For the avoidance of doubt, if no agreement is reached for the purchase by SERBV or its Affiliates of the outstanding share capital of SERF as contemplated by Section 7.11 of the Non-US Sale Agreement, then the SELLER shall be under no obligation to make any payment to BUYER pursuant to this Section 8.28.
In the event that the parties ------------------------------- reach an agreement for the purchase by SERBV or its Affiliates of the outstanding share capital of Shell Epoxy Resins France S.A.S. ("SERF") as contemplated by Section 7.11 of the Non-US Sale Agreement, then simultaneously with the completion of such purchase the SELLER shall pay to BUYER in U.S. dollars the amount of such purchase price paid by SERBV or its Affiliates in excess of US$250,000, if any.
SER intends to enter into the Non-US Sale Agreement with Shell Petroleum N.V. ("SPNV") pursuant to which SER will acquire all of the outstanding capital stock of Shell Epoxy Resins Holdings B.V., a company organized under the laws of the Netherlands ("SERBV"), in exchange for the SER Note.