Examples of Converted Bonds in a sentence
The reoffering of the Converted Bonds, the Series 2010A-1, reflects a conversion of a portion of the Series 2010A Bonds to a Long-Term Interest Rate Period.
Furthermore, I authorize the conversion agent to submit the subscription declaration to the Company in accordance with the terms and conditions of the issue, section 198 (1) German Stock Corporation Act (Aktiengesetz, AktG).I have instructed the Custodian to transfer the Converted Bond(s) to the Clearstream Banking Account No. 3055 of the conversion agent M.M.Warburg & CO (AG & Co.) Kommanditgesellschaft auf Aktien.
The Company determined that the sale of the Converted Bonds to the investment banks and simultaneous execution of the TRS did not surrender control; therefore, the Converted Bonds have been recorded as a secured borrowing and included in mortgage debt and notes payable, nonrecourse.Prior to May 12, 2011, consolidated subsidiaries of the Company purchased $23,000,000 of the Converted Bonds from the investment banks.
During the year ended January 31, 2012, an additional $225,000 of the Converted Bonds was redeemed by the District and a corresponding amount of the related TRS and corresponding secured borrowings were simultaneously terminated.During the year ended January 31, 2013, the District redeemed $240,000 of the Converted Bonds.
Any redelivery of all or parts of the Converted Bond(s) shall also be made to this account if and to the extent that the conversion declaration is incomplete or invalid or other reasons make an execution of the conversion impossible.
They are quicker to give answers than the highly expert person and more often adapt their description to the level of the knowledge developer.
Furthermore, if all or any portion of such Converted Bonds are thereafter converted back to a Daily Interest Rate Period or Weekly Interest Rate Period pursuant to the terms of this Indenture (the “Reconverted Bonds”), such Reconverted Bonds shall not be supported by an existing Letter of Credit without a rating confirmation from the Rating Agency; rather, the Company shall provide for a new Letter of Credit to support such Reconverted Bonds.
In the event of the conversion of the Bonds, no accrued Fixed Rate amounts shall be paid upon such Converted Bonds.
The Company received $4,925,000 of the proceeds as repayment of Converted Bonds held by its consolidated subsidiaries and the investment banks received the remaining $10,610,000 of refinancing proceeds, which resulted in the termination of the outstanding amount of the related TRS and corresponding secured borrowing.
On exercise of the Conversion Right and subject to the right of the Issuer to make a Cash Alternative Election, the number of ADSs to be transferred to the converting Bondholder in respect of the relevant Converted Bonds will be equal to the Reference ADSs in respect of such exercise (subject to Condition 6(a)(v)).