Sanden Properties definition

Sanden Properties means Helsingborg Sanden 4, 5, 12, 13 and 14.
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Sanden Properties means Helsingborg Sanden 4, 5, 12, 13 and 14 "Järfälla Skälby Property" means Järfälla Skälby 3:533."Market Loan" means any loan or other indebtedness where an entity issues commercial paper, certificates, subordinated debentures, bonds or any other debt securities (including, for the avoidance of doubt, medium term note programmes and other market funding programmes), provided in each case that such instruments and securities are or can be subject to trade on any regulated or unregulated recognised market place."Material Adverse Effect" means a material adverse effect on (a) the business, financial condition or operations of any Group Company, (b) the Group Companies' or the Guarantor's ability to perform and comply with the Finance Documents, including their payment obligations thereunder or (c) the validity or enforceability of the Finance Documents."MI Andersson Property Security" means security provided by MI Andersson Fastighetsbolag AB for its obligations under the MI Andersson Loan over the Sanden Properties of SEK 88,981,000 within 88,981,000 and Järfälla Skälby Property of SEK 22,100,000 within SEK 22,100,000."Net Proceeds" means the proceeds from the Bond Issue after deduction has been made for the Transaction Costs."Person" means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organisation, government, or any agency or political subdivision thereof or any other entity, whether or not having a separate legal personality."Project Facility" means any credit facility taken up by the Issuer or any subsidiary of the Issuer which owns any of the Properties solely to finance a construction on such Property."Subordinated Loans" means new capital raised by the Issuer by way of subordinated loans pursuant to the Intercreditor Agreement, with (i) shall have a maturity after the Final Redemption Date, including the optional extension period (ii) be contractually subordinated to the Bonds and (iii) include terms that entail that the Subordinated Loans are structured as bullet loans and that interest is only payable after the Final Redemption Date."Transaction Costs" means all arrangement and legal fees, costs and expenses, stamp duties, registration and other taxes incurred by the Issuer in connection with the Bond Issue and the Transaction Security. Events of Default: Customary Events of Default for Swedish bond issues, including:(a) Non-payment;(b) Breach of other o...
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Examples of Sanden Properties in a sentence

  • The Issuer shall not (and shall ensure that neither of its subsidiaries) provide any loan or security or guarantee to or for the benefit of any party, other than the Nomus Loan and , the Permitted Debt and secured vendor loans in connection with the disposal of the Sanden Properties or the Järfälla Skälby Property.

  • The Issuer shall ensure that as soon as reasonably practicable after the Issue Date, each such creditor is repaid and any security over held by such creditor over the Sanden Properties is released and thereafter pledged to the Bondholders represented by the Security Agent.

  • The loan note shall be secured with a property mortgage in the Sanden Properties with priority from SEK 65,000,000 to 75,000,000.

  • The Issuer shall ensure that MI Andersson Fastighetsbolag AB shall use the funds borrowed under the MI Andersson Loan to, inter alia, provide a loan to (the " Nomus Loan") and repay a loan borrowed from Nomus Fastighets AB for which the Sanden Properties have been pledged to certain creditors in order to release the security over the Sanden Properties.

  • The Issuer shall ensure that MI Andersson Fastighetsbolag AB shall use thefunds borrowed under the MI Andersson Loan to, inter alia, provide a loan to(the " Nomus Loan") and repay a loan borrowed from Nomus Fastighets AB for which the Sanden Properties have been pledged to certain creditors in order to release the security over the Sanden Properties.

  • The Issuer shall not (and shall ensure that neither of its subsidiaries) provide any loan or security or guarantee to or for the benefit of any party, other than the Nomus Loan, the Permitted Debt and secured vendor loans in connection with the disposal of the Sanden Properties or the Järfälla Skälby Property.

  • The following proposal has been set forth: (i) the Issuer shall before the change of ownership and take-over by Anders Högberg, sell the Sanden Properties for a purchase price of SEK 75,000,000, where SEK 65,000,000 shall be paid in cash in connection with the sale and SEK 10,000,000 shall remain as a secured loan note which shall be repaid no later than 30 April 2019.

  • The Issuer shall ensure that as soon as reasonably practicable after the First Issue Date, each such creditor is repaid and any security over held by such creditor over the Sanden Properties is released and thereafter pledged to the Bondholders represented by the Security Agent.

  • The vendor loan note shall be secured with a property mortgage in the Sanden Properties with priority from SEK 65,000,000 to 75,000,000.

  • Should the loan note not be repaid by 30 April 2019, the Issuer shall have the right to re-purchase the Sanden Properties for SEK65,000,000 or alternatively for SEK 75,000,000 if the Järfälla Property is not sold by 30 August 2019 (as set out below); (ii) the former owner of the Issuer, Koggbron Fastigheter AB, has the right to direct a purchaser of the Järfälla Property for SEK 40,000,000.