Exchangeable Bond definition
Examples of Exchangeable Bond in a sentence
Nothing in the foregoing shall be construed to prohibit the issuance of any Permitted Convertible Bond Indebtedness (or any guarantee thereof), the issuance of any Permitted Exchangeable Bond Indebtedness, or the entry into any Permitted Call Transaction.
Group undertakes to ensure that the Exchangeable Bond Issue does not at any time become an Approved Facility.
The Issuer shall, as soon as possible and in any event within three (3) Business Days after the Issuer becomes aware of any Event of Default or potential Event of Default, deliver to the Exchangeable Bond Holder a written notice signed by a director setting forth the details of the Event of Default or potential Event of Default, and the action which the Issuer proposes to take with respect thereto.
Any prepayment of a Loan pursuant to Clause 9.3 (Change of control), Clause 9.4 (Mandatory Prepayment – Distributions), 9.5 (Mandatory Prepayment – Disposal Proceeds), Clause 9.6 (Mandatory Prepayment – Permitted ▇▇▇.▇▇▇▇ Sale and Permitted Euronav Sale), Clause 9.7 (Mandatory Prepayment – Acquisition Proceeds), Clause 9.8 (Mandatory Prepayment – Exchangeable Bond Proceeds) or Clause 9.12 (Voluntary prepayment) shall be applied pro rata to each Lender’s participation in that Loan.
Headings and sub-headings are for ease of reference only and shall not affect the construction of this Exchangeable Bond Instrument.
If the holder of the Exchangeable Bond exercises the Exchange Rights, the Rebate Amount (as defined below) will be deducted from the principal outstanding amount of the Exchangeable Bond to be exchanged.
As part of the Weather Group debt management and optimization plan, on September 24, 2009, the Luxembourg subsidiary Weather Capital Finance SA made early repayment in the amount of €832 million, including interest and expenses, of the Guaranteed Secured Exchangeable Bond which had a nominal amount of €825 million and maturity date February 2013.
Each Exchangeable BondHolder or any person authorised by an Exchangeable Bond Holder shall be entitled at all times during office hours upon one (1) Business Day’s notice to inspect the Exchangeable Bond Register and to take copies of or extracts from it.
Nothing in this Exchangeable Bond Condition 22 shall be construed as preventing any such party from seeking conservatory or interim relief from any court of competent jurisdiction.
Unless previously redeemed, purchased and cancelled or exchanged in accordance with the Exchangeable Bond Conditions, the Issuer shall redeem all outstanding Exchangeable Bonds held by the Exchangeable Bond Holder on the Maturity Date without the need for such Exchangeable Bond Holder to serve any notice, at the Redemption Amount (as defined below).