Spanish Commercial Code definition

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Spanish Commercial Code. : means the Spanish Commercial Code published by virtue of the Royal Decree of 22 August 1885 (Real decreto de 22 de agosto de 1885 por el que se publica el Código de Comercio), as amended from time to time.

Spanish Commercial Code as defined in Section 7.14(e)(ii).

Examples of Spanish Commercial Code in a sentence

For the purposes of article 317 of the Spanish Commercial Code, any interest due by the Spanish Borrower and unpaid under the Loan Documents (including any default interest) will be compounded with the principal amount of the relevant Loan at the end of each Interest Period but shall remain immediately due and payable.

More Definitions of Spanish Commercial Code

Spanish Commercial Code means Royal Decree of 22 August 1885 publishing the Spanish Commercial Code (Código de Comercio). Spanish Insolvency Act means Act 22/2003 of 9 July on Insolvency (Ley 22/2003 de 9 de ▇▇▇▇▇, Concursal) as amended from time to time.

Spanish Commercial Code means the Spanish Código de Comercio, as amended from time to time.

Spanish Commercial Code means the Spanish Commercial Code published by virtue of the Royal Decree of 22 August 1885 ( Real decreto de 22 ▇▇ ▇▇▇▇▇▇ de 1885 por el que se publica el Código de Comercio ), as amended from time to time. “Spanish Companies Law ” shall mean the Royal Legislative Decree 1/2010, of 2 July, whereby the companies act is approved ( Real Decreto Legislativo 1/2010, de 2 de ▇▇▇▇▇, por el que se aprueba el texto refundido de ▇▇ ▇▇▇ de Sociedades de Capital ), as amended from time to time. “Spanish Guarantors ” shall mean, collectively, each Guarantor that is incorporated under the laws of Spain. “Spanish Insolvency Law ” shall mean the Law 22/2003 of 9 July 2003, on insolvency ( Ley 22/2003, de 9 de ▇▇▇▇▇, Concursal ), as amended from time to time. “Spanish Law Bank Account Pledges ” shall mean the pledges over the surplus after enforcement of certain pledges over bank accounts governed by the laws of Spain, entered into by each of the Spanish Guarantors for the benefit of all the Notes Secured Parties identified therein from time to time. “Spanish Law Irrevocable Power of Attorney ” shall mean the irrevocable powers of attorney gov- erned by the laws of Spain, granted by each of the Spanish Guarantors (and each other Guarantor granting a Spanish Law Share Pledge), in favor of the Collateral Agent in relation to the Spanish Law Security Docu- ments. “Spanish Law Security Documents ” shall mean, jointly, the Spanish Law Share Pledges, the Span- ish Law Bank Account Pledges, the Spanish Law Receivables Pledges, and the Spanish Law Irrevocable Power of Attorney, as well as any other security document governed by the laws of Spain which may be -44-

Spanish Commercial Code. : means the Spanish Commercial Code (Código de Comercio) passed by Royal Decree of 22 August 1885, together with any amendments and modifications thereto and any regulations that may replace it in the future.

Spanish Commercial Code means Real Decreto of August 22, 1885.

Spanish Commercial Code means the Spanish Commercial Code approved by Royal Decree on August 22, 1885 (Real decreto de 22 ▇▇ ▇▇▇▇▇▇ de 1885 por el que se publica el Código de Comercio), as amended from time to time. “Spanish Companies Law” means Royal Legislative Decree 1/2010 of July 2 (Real Decreto Legislativo 1/2010, de 2 de ▇▇▇▇▇, por el que se aprueba el texto refundido de ▇▇ ▇▇▇ de Sociedades de Capital), as amended from time to time. -75- “Spanish Insolvency Law” means the Royal Legislative Decree 1/2020 of May 5 approving the restated text of the Insolvency law (Real Decreto Legislativo 1/2020, de 5 ▇▇ ▇▇▇▇, por el que se aprueba el texto refundido de ▇▇ ▇▇▇ Concursal), as amended from time to time (including, without limitation, by means of Law 61/2022 of September 5 approving the amendment of the restated text of the Insolvency Law (Ley 16/2022, de 5 de septiembre, de reforma del texto refundido de ▇▇ ▇▇▇ Concursal). “Spanish Lender” means a Lender which is: (a) a Spanish-resident financial entity (entidad de crédito o establecimiento financiero de crédito) to which paragraph (c) of article 61 of the Corporate Income Tax Regulations approved by the Royal Decree 634/2015 on 10 July (Real Decreto 634/2015, de 10 de ▇▇▇▇▇, por el que se aprueba el Reglamento del Impuesto sobre Sociedades), as amended or restated, apply; (b) a Spanish permanent establishment of a non-Spanish financial entity, that is registered with the Bank of Spain and to which the second paragraph of article 8.1 of the Non Resident Income Tax Regulation approved by the Royal Decree 1776/2004 on 30 July 2004 (Real Decreto 1776/2004, de 30 de ▇▇▇▇▇ de 2004, por el que se aprueba el Reglamento del Impuesto sobre la Renta de no Residentes), as amended or restated, apply; or (c) a Spanish-resident securitization fund to which paragraph (k) of article 61 of the Corporate Income Tax Regulations approved by the Royal Decree 634/2015 on 10 July (Real Decreto 634/2015, de 10 de ▇▇▇▇▇, por el que se aprueba el Reglamento del Impuesto sobre Sociedades), as amended or restated, apply. “Spanish Public Document” means, a documento público, being either an escritura pública or a póliza o efecto intervenido por fedatario público. “Spanish Qualifying Lender” means, in respect of a payment by or in respect of a Spanish Borrower, a Lender which is beneficially entitled to interest payable by a Spanish Borrower to that Lender in respect of an advance under a Loan Document and is: