Initial Bondholder definition
Examples of Initial Bondholder in a sentence
The Initial Bondholder and each subsequent Bondholder (by its accession to this Agreement by a Transfer and Accession Deed) agrees that, for so long as it is a holder of any Bonds, it shall not enter into any purchase or sale agreements for ADSs, nor engage in any short sale transactions in ADSs, in each case on any Dealing Day on which such number of ADSs subject to such transactions entered into by such Bondholder account for more than: (a) 40 per cent.
The Company will afford the benefits of this Section 2.02(b) to any Institutional Investor that is the direct or indirect transferee of any Bond purchased by such Initial Bondholder under the Indenture.
Save as amended by this Agreement, the provisions of the Original Bond Agreement, the obligations of the parties and all the rights of the Company and the Initial Bondholder thereunder shall continue in full force and effect and this Agreement and the Amended and Restated Bond Agreement shall be read and construed as one instrument.
The Company shall promptly on the Closing Date furnish a written confirmation to the Initial Bondholder of its receipt of the net subscription monies.
The Borrower represents that during the 31-day period beginning 15 days prior to the first date on which the Initial Bondholder agreed in writing to purchase the Bonds (which was , 2022), no obligations that are reasonably expected to be paid out of substantially the same source of funds as the Bonds were or are reasonably expected to be sold for the benefit of the Borrower, except for the Bonds and the Taxable Bonds.