PT Portugal definition

PT Portugal means PT Portugal SGPS, S.A., a company incorporated with limited liability under the laws of Portugal.
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PT Portugal means PT Portugal SGPS, S.A. in its capacity as the substituted issuer and principal obligor in respect of the PT Notes;
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PT Portugal together with PTIF, the “Issuers” and each, an “Issuer”);
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Examples of PT Portugal in a sentence

  • Both PT Portugal and PTIF (collectively “Oi Subsidiaries”) became Company subsidiaries due to the assignment of all PT Portugal shares to the Company by Pharol, on May 5, 2014, to pay in the Company’s capital increase approved on April 28 and 30, 2014.

  • The standalone financial statements are prepared in accordance with accounting principles generally accepted in Portugal (“Portuguese GAAP”), which are substantially consistent with IFRS, except, insofar as it relates to PT Portugal, in respect of the accounting for investments in subsidiaries and associated companies using the equity method and the accounting for subsidies for investments.

  • The put option set out above shall be exercisable at any time in accordance with this Condition from the date of the PT Portugal Sale Announcement to (and including) the twentieth Business Day following the Sale Completion Date (such period, the “ Put Period”) only and shall be conditional on the holder of the Notes who wishes to exercise the put option making such instructions as set out herein and in the PT Portugal Sale Announcement.

  • Noteholders who hold Notes through Euroclear, Clearstream Luxembourg or any other intermediary should note that their custodians will be informed of the PT Portugal Sale Announcement and a form of the put instruction will be made available to all such Noteholders who intend the put option to be exercised.

  • The Mandatory Acquisition of the Debentures held by the Withdrawing Debenture Holders will only take place upon the receipt, by the Company, of the proceeds from the Sale of PT Portugal, according to the terms outlined in Annex I of this document.

  • The implementation of the Proposal is conditional on the passing of the Extraordinary Resolution and the Completion of the PT Portugal Sale.

  • Notwithstanding the Waiver Fee Payment the Company undertakes, after receiving the proceeds from the Sale of PT Portugal, to perform the Mandatory Acquisition of the Debentures from the Debenture Holders which manifest accordingly, according to the conditions described below.

  • Mr. Zeinal Bava, current CEO of Oi and CEO of PT Portugal, will be the CEO of Corpco and its subsidiaries.

  • The normal course of the Sale of PT Portugal will lead to a reduction in the Company’s EBITDA in a proportion that will not be included in its financial statements, at the same time that PT Portugal’s current debt may be temporarily maintained, with a temporary impact on the Company’s gross leverage, although with a substantial immediate reduction in Company’s net debt, due to which we propose the temporary change of ratios resulting from the calculation of the Financial Covenants.

  • The Mandatory Acquisition shall represent an obligation assumed by the Company for the benefit of the Debenture Holders on this date and should occur prior to December 31, 2015, and the Company undertakes to perform the Mandatory Acquisition within up to 5 (five) business days from the date of receipt of the proceeds of the Sale of PT Portugal.


More Definitions of PT Portugal

PT Portugal and (except in the case of Notes issued by PT Portugal in book-entry form (“Book Entry Notes”)) constituted by a trust deed dated 17 December 1998 (such trust deed as modified and/or supplemented and/or restated from time to time and as most recently modified and restated on 19 March 2014 (the “Trust Deed”)), between PTIF, PT Portugal, Oi S.A. (the “Guarantor”) and Citicorp Trustee Company Limited (the “Trustee”, which expression shall include any successor trustee). The Notes and the related Receipts and Coupons have the benefit of a guarantee (the “Guarantee”) from the Guarantor and its successors and assigns as set out in the Trust Deed. Book Entry Notes are integrated in the Interbolsa — Sociedade Gestora de Sistemas de Liquidaço e de Sistemas Centralizados de Valores Mobiliários, S.A. (“Interbolsa”) book-entry system and governed by these Terms and Conditions, certain provisions of the Trust Deed as provided therein and a deed poll given by PT Portugal in favour of the holders of Book Entry Notes dated 19 March 2014 (the “Interbolsa Instrument”). References herein to the “Notes” shall be references to the Notes of this Series and shall mean:
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Related to PT Portugal

  • Portugal means the territory of the Portuguese Republic situated in the European Continent, the Archipelagoes of Azores and Madeira, the respective territorial sea and any other zone in which, according to Portuguese and International Law, the Portuguese Republic has:

  • LDA means a geographic area within the PJM Region that has limited transmission capability to import capacity to satisfy such area’s reliability requirement, as determined by the Office of the Interconnection in connection with preparation of the Regional Transmission Expansion Plan, and as specified in Reliability Assurance Agreement, Schedule 10.1.

  • Italy means the Italian Republic and includes any area beyond the territorial waters which is designated as an area within which Italy, in compliance with its legislation and in conformity with the International Law, exercises sovereign rights in respect of the exploration and exploitation of the natural resources of the seabed, the subsoil and the superjacent waters;

  • Target Group means the Target and its Subsidiaries.

  • Denmark means the Kingdom of Denmark including any area outside the territorial sea of Denmark which in accordance with international law has been or may hereafter be designated under Danish laws as an area within which Denmark may exercise sovereign rights with respect to the exploration and exploitation of the natural resources of the sea-bed or its subsoil and the superjacent waters and with respect to other activities for the exploration and economic exploitation of the area; the term does not comprise the Faroe Islands and Greenland;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • HKMA means the Hong Kong Monetary Authority;

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • Native Hawaiian means any individual who is a descendant of the aboriginal people who, prior to 1778, occupied and exercised sovereignty in the area that now constitutes the State of Hawaii.