Strabag definition

Strabag s Other Claims” means Strabag’s unsecured claims under that certain Amended and Restated Lump Sum Fixed Price Tunnel Complex Construction Contract between Alto Maipo S.p.A. and Strabag S.p.A. dated February 19, 2018 (as further amended from time to time, including pursuant to the terms described in the in the term sheet attached hereto as Annex III), other than such Claims that are part of the Alto Maipo Obligations, that are payable in cash for construction costs and insurance proceeds pursuant to the terms described in the in the term sheet attached hereto as Annex III.
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Examples of Strabag in a sentence

  • Strabag has filed an annulment action before the Swiss Federal Court on July 2, 2012.

  • On October 29, 2010, Strabag submitted its statement of defense and counterclaim.

  • On July 1, 2009, Strabag gave notice of its purported rescission of the SPA, arguing that the antitrust condition precedent under the SPA had not been satisfied before the contractual cut-off date of June 30, 2009.

  • On December 23, 2009, Strabag filed its answer to CEMEX’s request for arbitration asking the tribunal to dismiss the claim and also filed a counterclaim for an amount of €800,000 (approximately U.S.$1 million as of August 31, 2012, based on an exchange rate of €0.7996 to U.S.$1.00) as damages and applied for security for costs in the amount of €1,000,000.00 (approximately U.S.$1.25 million as of August 31, 2012, based on an exchange rate of €0.7996 to U.S.$1.00) in the form of an on-demand bank guarantee.

  • On the same day, CEMEX notified Strabag that CEMEX considered their purported rescission invalid.

  • The security for costs application was withdrawn by Strabag on March 9, 2010.

  • As at 30 September 2019, US$1.1 billion has been invested in the development of the Project, with construction supported by the appointment of well-proven contractors including DMC Mining Services Ltd, Strabag AG, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Ltd and ▇.

  • Contrary to CEMEX’s recommendation that a supplementary application should have been made to the ACC, Strabag and the Austrian competition authority appealed the decision of the ACC.

  • The ASJV is taking steps to protect the position of Aveng and Strabag in this regard.

  • On April 28, 2009, the Austrian Cartel Court (Kartellgericht) (the “ACC”) approved the sale of the Austrian assets subject to the condition that Strabag sell to a third party several ready-mix concrete plants, including the Nordbahnhof plant in Vienna.