403-Statement Provider definition
Examples of 403-Statement Provider in a sentence
As such, a Bondholder only has a claim against the 403-Statement Provider if and to the extent that the Issuer is in default under its obligations against the Bondholder pursuant to Condition 7.
Contrary to the content of the 403-Statement, the 403-Statement Provider is not jointly and severally liable for the obligations of the Issuer under the Bonds because the rights of the Bondholders in respect of the 403- Statement Provider are contractually limited in the Conditions.
Neither this Prospectus nor any other information supplied in connection with the Offering should be considered as a recommendation by the Issuer, the 403-Statement Provider or any of the Joint Lead Managers that any recipient of this Prospectus or any other information supplied in connection with the Offering should purchase any Bonds.
The Bonds have the benefit of a guarantee from the 403-Statement Provider on the basis of the 403-Statement.
Contrary to the content of the 403-Statement, the 403-Statement Provider is not jointly and severally liable for the obligations of the Issuer under the Bonds because the rights of the Bondholders in respect of the 403-Statement Provider are contractually limited in these Conditions.
Most of these factors are contingencies which may or may not occur and the Issuer and 403-Statement Provider are not in the position to express a view on the likelihood of any such contingency occurring.
The 403-Statement Provider is the holding company of the Issuer and is non operational.
There has been no significant change in the financial or trading position of the group formed by the 403- Statement Provider and its subsidiaries and there has been no material adverse change in the prospects of the Issuer and the 403-Statement Provider since 31 December 2009, the last day of the financial period in respect of which audited consolidated financial statements of the 403-Statement Provider in which the Issuer is consolidated have been published.
Reference is made to "Information about the 403-Statement Provider and the 403-Statement" in the Prospectus.
As a consequence, the risk factors below apply mutatis mutandis to the 403-Statement Provider.