STFS definition
STFS means Secretaria Técnica de Frente Social, the Borrower’s technical secretariat under its Ministry of Social Welfare, in charge, inter alia, of the maintenance and management of SELBEN (Sistema de Identificación y Selección de Beneficiarios de los Programas Sociales), the Borrower’s national system for identifying and selecting beneficiaries of social programs, as created and operating under the Borrower’s Executive Decree No. 614, published on August 3, 2000.
STFS means the stock transfer forms executed pursuant to the Exchange Transaction (and for this references to such STFs being “duly stamped” shall include circumstances in which HMRC has confirmed in writing that it does not object to the registration by Borrower of the Exchange Transaction, either because relief from stamp duty has been granted by HMRC under section 77 of the Finance ▇▇▇ ▇▇▇▇ in respect of the STFs, or because stamp duty has been paid by New Loan Party in respect of the STFs, in each case under temporary measures put in place by HMRC in respect of COVID-19).
Examples of STFS in a sentence
The operation of this clause may not be applicable where you use STFS as your Acquirer.
Where you use Securetrading Financial Services Limited (“STFS”) as your Acquirer, you agree that the Services Fees may be collected by STFS from the Settlement Proceeds and subject to receiving an invoice from us, paid by STFS directly to us in settlement of that invoice on your behalf.