Bond Deed definition
Examples of Bond Deed in a sentence
As LFC does not have sufficient financial capacity to meet its obligations under the GMI Convertible Bond Deed and Northeast Convertible Bond Deed, in the absence of an alternative proposal to satisfy LFC’s obligations to GMI and Northeast and given that the likelihood of an alternative proposal emerging from another party is remote, LFC is likely to be placed in voluntary administration.
In connection with the foregoing, Lender shall have the right to disclose to any such actual or potential purchaser, assignee, transferee or participant all financial records, information, reports, financial statements and documents obtained in connection with this Assignment and the Bond Deed of Trust or otherwise.
Until the applicable Closing which includes such Bond Collateral Property, but without limiting the terms and conditions of the prior sentence, the Bond Deed of Trust will be considered a Permitted Exception for all purposes under this Agreement.
Notwithstanding the foregoing, Assignor agrees that unless Lender shall consent otherwise, all payments made by the Borrower under the Loan Agreement shall be paid directly into the Payment Account (as such term is defined in the Bond Deed of Trust).
This Surety Bond Deed to Secure Debt has been dated as of the date first above written for convenience only.
As disclosed in the Announcement, LFC has not been able to generate sufficient cash and is not able to meet its interest payment obligations under the GMI Convertible Bond Deed on 31 January 2017.
Seller hereby agrees to cause the Bond Deed of Trust and all related instruments encumbering the Bond Collateral Property subject to the applicable Closing to be terminated, released and reconveyed by its terms prior to or concurrently with the applicable Closing which includes such Bond Collateral Property.
The Board announces that on 30 June 2017, GMI and LFC entered into the GMI Debt Capitalisation Agreement, pursuant to which GMI and LFC have conditionally agreed to convert the GMI Debt into a maximum of 721,428,571 LFC Conversion Shares (conversion price and number of LFC Conversion Shares are subject to adjustment to reflect the LFC Share Consolidation) and terminate the GMI Convertible Bond Deed in accordance with the terms of the GMI Debt Capitalisation Agreement.
No term, covenant, agreement or condition of this Surety Bond Deed to Secure Debt may be terminated, amended or compliance therewith waived (either generally or in a particular instance, retroactively or prospectively) except by an instrument or instruments in writing executed by the party against whom enforcement of such change is sought.
The Borrower shall prepay the Loan, in whole or in part, in amounts and at such times as may be required to enable the Issuer to comply with its obligations to redeem the Bonds pursuant to Section 5.12 (Redemption at the option of the TASE) or Section 5.13 (Redemption at the option of the Issuer) or Section 5.9.2.3 (Forced Redemption) of the Bond Deed of Trust.