Examples of Exchangeable Notes in a sentence
If on the Termination Date a Class of RCR Notes is outstanding, all amounts payable on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes entitled to receive those amounts.
Noteholders can elect to exchange the Exchangeable Notes for Boral Shares at any time until 7 days before their maturity on 18 October 2027 and at any time in certain circumstances.
A summary of the terms of the Exchangeable Notes was also previously disclosed on ASX by SGH on 6 October 2022.
On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Notes (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date) will be increased by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of the Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to section (d) of Exhibit J.
Upon each exchange of Exchangeable Notes for RCR Notes (and vice versa) and each exchange of RCR Notes for other RCR Notes (and vice versa), the Exchange Administrator will provide a notice, substantially in the form of Exhibit G- 2, to each Securities Exchange, with all expenses in connection with such notice to be reimbursed to the Exchange Administrator by the Issuer.