CBR Permission definition
Examples of CBR Permission in a sentence
If the Guarantor has not, within 60 days after the Closing Date, obtained the CBR Permission, the Issuer will deliver to the Holders notice (a) that the Guarantor has not obtained such permission and (b) of the resulting redemption right which must be exercised prior to the date on which the Guarantor obtains the CBR Permission.
Upon receipt by the Trustee or the Luxembourg Paying Agent (for so long as the Notes are listed on the Luxembourg Stock Exchange), from a Holder, on or before any Interest Payment Date but prior to the date of receipt of the CBR Permission (the "CBR Permission Tender Date") of (a) a properly completed notice in the form of Exhibit D hereto, together with (b) the Notes of such Holder, the Issuer will redeem the Notes no later than 7 business days after such CBR Permission Tender Date.
The Guarantor shall use its best efforts to obtain the CBR Permission within 60 days after the Closing Date.
If the Guarantor does not, within 60 days after the Closing Date, obtain the CBR Permission, each Holder will have the right to require the Issuer to redeem the Notes of such Holder at a Redemption Price equal to 101% of the principal amount hereof plus accrued interest pursuant to and subject to the terms of the next paragraph.
In the event the Guarantor does not obtain the CBR Permission within 60 days after the Closing Date, the Holders of the Notes will have the right to redeem their Notes as set forth in Section 9 hereof and Section 4.10 of the Indenture.
Pursuant to Section 4.07 of the Indenture, the Guarantor shall use its best efforts to obtain permission from the Central Bank of Russia to make payments in U.S. dollars under the Guarantee (the "CBR Permission") within 60 days after the Closing Date.
As of the date hereof, the Guarantor has applied but not obtained permission from the Central Bank of Russia to make payments in U.S. dollars under the Guarantee (the "CBR Permission").
If the Guarantor does not, within 60 days after the Closing Date, obtain the CBR Permission the Holder of this Note will have the right to require the Issuer to redeem it at a Redemption Price equal to 101% of the principal amount hereof plus accrued interest pursuant to and subject to the terms of the next paragraph.
In the event the Guarantor does not obtain the CBR Permission within 60 days after the Closing Date, the Holders of Notes will have the right to redeem their Notes as set forth in Section 4.10 hereof and Section 9 of the Notes.