FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
FORM 20-F Grupo Casa Saba, S.A.B. de C.V.
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(c)<br />
effective.<br />
Absent written notice of a change of address, all judicial and extrajudicial notices or communications served or <strong>de</strong>livered at the above addresses, shall be fully<br />
ARTICLE TWENTY-TWO. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of Mexico.<br />
ARTICLE TWENTY-THREE. Jurisdiction. For purposes of the interpretation and enforcement of this Agreement, the parties hereby submit to the jurisdiction of<br />
the competent courts in the Fe<strong>de</strong>ral District of Mexico, waiving any other jurisdiction to which they may be now or hereafter entitled.<br />
ARTICLE TWENTY-FOUR. Costs and Expenses. The Borrower shall reimburse to the Len<strong>de</strong>rs any and all reasonable and properly documented costs and<br />
expenses, including attorney’s fees and expenses, incurred by the Len<strong>de</strong>rs in connection with the preparation and execution of this Agreement, any Promissory Note or any Loan<br />
Document. In addition, the Borrower shall reimburse to the Len<strong>de</strong>rs, within 30 (thirty) days from the receipt of <strong>de</strong>mand therefor, any and all reasonable and properly documented<br />
attorney’s fees and expenses incurred in connection with any amendment to this Agreement, any Promissory Note or any of the other Loan Documents, and any reasonable and<br />
justified costs and expenses, if any, incurred in connection with the performance or enforcement of any Loan Document.<br />
ARTICLE TWENTY-FIVE. In<strong>de</strong>mnity. The Borrower and the Co-Obligors hereby agree to in<strong>de</strong>mnify the Len<strong>de</strong>rs and their respective directors, officers,<br />
employees, advisors and agents, against, and to hold them free and harmless from, any loss, liability, claim, damage or expense incurred by them as a result of any litigation or<br />
proceeding (including any threatened litigation or proceeding) relating to this Agreement or any of the Loan Documents or the Acquisition Documents, including, without limitation,<br />
any attorneys’ fees and expenses incurred in connection with such litigation or proceeding, including the preparation or analysis thereof (but excluding any loss, liability, claim,<br />
damage or expense incurred as a result of the gross negligence, bad faith or willful misconduct of the Person otherwise entitled to such in<strong>de</strong>mnification, as <strong>de</strong>termined by a final<br />
<strong>de</strong>cision issued by a competent court). The obligations of the Borrower and the Co-Obligors un<strong>de</strong>r this Article Twenty-Five shall survive the termination of this Agreement.<br />
ARTICLE TWENTY-SIX. Collective Decisions; Amendment and Waiver. (a) Any <strong>de</strong>cision required to be ma<strong>de</strong> by the Len<strong>de</strong>rs as a group pursuant to this<br />
Agreement, shall be ma<strong>de</strong> (i) if prior to the Initial Drawdown, by the Len<strong>de</strong>rs whose Commitments represent, in the aggregate, at least 78% (seventy-eight percent) of all<br />
Commitments, (ii) if subsequent to the Initial Drawdown, by the Len<strong>de</strong>rs representing at least 78% (seventy-eight percent) of the aggregate outstanding amount of the Loans as of<br />
the relevant date, except (1) in the event set forth in paragraph (c) of this Article Twenty-Six, in which case the <strong>de</strong>cision shall be ma<strong>de</strong> by the Len<strong>de</strong>rs representing the aggregate<br />
amount of all Loans or (2) as otherwise expressly provi<strong>de</strong>d in this Agreement (and for purposes of this Agreement, the applicable percentage or aggregate amount, as the case may<br />
be, shall constitute a “Majority”), and (iii) if subsequent to the Initial Drawdown, in the events expressly set forth in this Agreement, by the Len<strong>de</strong>rs representing at least 85%<br />
(eighty-five percent) of the aggregate outstanding amount of all Loans as of the relevant date (a “Special Majority”).<br />
(b) Any amendment to this Agreement, the Promissory Notes or the other Loan Documents shall only be valid if evi<strong>de</strong>nced by a written instrument executed by the<br />
Len<strong>de</strong>rs representing the percentages set forth in this Article Twenty-Six, the Borrower and the Co-Obligors. The waiver of any right hereun<strong>de</strong>r shall only be valid if evi<strong>de</strong>nced by a<br />
written instrument executed by the requisite number of Len<strong>de</strong>rs pursuant to this Article Twenty-Six, the Borrower and the Co-Obligors. A Len<strong>de</strong>r’s failure to exercise or <strong>de</strong>lay in the<br />
exercise of any of its rights hereun<strong>de</strong>r or un<strong>de</strong>r any Promissory Note or Loan Document shall not be construed as a waiver by such Len<strong>de</strong>r of any of its rights hereun<strong>de</strong>r or<br />
thereun<strong>de</strong>r.<br />
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