Examples of BRPI Bonds in a sentence
Subject to Bondholder approval, Finco will be substituted for BRPI as the issuer of the BRPI Bonds and BRPI will be released from the obligations relating to the BRPI Bonds, and BREP, BRELP, CanHoldco and Bermuda Holdco will provide guarantees of the BRPI Bonds.
The following diagram illustrates the simplified organizational structure of BREP immediately following the completion of the Arrangement, assuming that Preferred Shareholders approve the Arrangement, and Bondholders approve the assumption of the BRPI Bonds by Finco and the release of BRPI.
If the Arrangement is approved by holders of not less than two-thirds of votes cast by Preferred Shareholders, the Preferred Shares will remain outstanding on closing of the Arrangement and the existing guarantee by the Fund will be replaced by joint and several guarantees by each of BREP, BRELP, CanHoldco and Bermuda Holdco, which guarantees will be subordinate to the guarantees of the BRPI Bonds.
This guarantee will not be discharged due to the change in the constitution of the bank or the Contractor.
Subject to Bondholder approval, Finco will be substituted for BRPI as the issuer of the BRPI Bonds and BRPI will be released from the obligations relating to the BRPI Bonds, and BREP, BRELP, CanHoldco and Bermuda Holdco will provide joint and several guarantees of the BRPI Bonds.
Absent such Bondholder approval, Finco will contractually assume the obligations of BRPI (and BREP, BRELP, CanHoldco and Bermuda Holdco will each guarantee Finco’s obligations to BRPI) under the BRPI Bonds and the trust indenture pursuant to which BRPI issued the BRPI Bonds, but BRPI will remain the issuer of the BRPI Bonds.
On 24 January 2006, the Parliamentary Assembly adopted Resolution 1477 (2006) on the implementation of Resolution 1415 (2005) on the honouring of obligations and commitments by Georgia.
Absent such Bondholder approval, if the Arrangement is completed, Finco will contractually assume the obligations of BRPI (and BREP, BRELP, CanHoldco and Bermuda Holdco will each guarantee Finco’s obligations to BRPI) under the BRPI Bonds and the trust indenture pursuant to which BRPI issued the BRPI Bonds, but BRPI will remain the issuer of the BRPI Bonds.
No suspension of trading in or cease trading order with respect to the BRPI Bonds or any BRPI security is pending or, to the knowledge of BRPI, threatened.