Examples of Noteholder Trustee in a sentence
The Issuer shall upon written request from the Noteholder Trustee, provide the Noteholder Trustee with a list of Secured Properties as at the date of the written request from the Noteholder Trustee, within 10 (ten) Business Days of receipt of the written request from the Noteholder Trustee.
In the event of any dispute in respect of any calculation relating to the Financial Covenants or any other calculations required in respect of any Financial Covenant, such dispute shall be determined by independent auditors, appointed by the Noteholder Trustee (which auditors must be one of PricewaterhouseCoopers Inc., Ernst & Young, Deloitte & Touche Inc.
The Noteholder Trustee shall instruct the Debt Guarantor to do all such things as are necessary to release and cancel any Mortgage Bond over the relevant Fourways Development Properties, provided that the Issuer has taken all steps necessary to ensure that a new Mortgage Bond is registered over the Issuer’s Interest in Fourways in favour of the Debt Guarantor simultaneously with the release of the Mortgage Bonds.
Subject to compliance with this Condition 2.11, the Noteholder Trustee shall instruct the Debt Guarantor to do all such things as are necessary to release and cancel any Mortgage Bond over any Immovable Property which the Issuer is permitted to dispose of in terms of this Condition2.11.
The Noteholder Debt Guarantee and/or the Noteholder Guarantee shall not be amended, modified or varied, unless such amendments are of a technical nature, to correct a manifest error or to comply with mandatory provisions of law, without the prior approval of the Secured Noteholders, holding not less than 66.67% (sixty-six point six-seven percent) in Nominal Amount of the Notes Outstanding from time to time or a specific Class of Notes, as the case may be, represented by the Noteholder Trustee.