Examples of Property Owning Companies in a sentence
Please, therefore, ensure that the names of all companies to be insured, including Property Owning Companies, if applicable, have been included.
Question 8: The Trustee has previously informed that it has, following the transfer of the Properties to the new companies (the "New Property Owning Companies") controlled by Thomas Melin and Johan Tungaard received a pledge over the shares in the New Property Owning Companies.
As there are likely no such funds in the New Property Owning Companies, those companies will likely be put into bankruptcy, making an enforcement of such shares difficult.
Answer 8: Given the bankruptcy of MIAB, it is likely that the bankruptcy administrator will demand the New Property Owning Companies for immediate payment for the Properties that have been transferred to them.
In a bankruptcy, the Properties will have to be sold by the bankruptcy administrator of the New Property Owning Companies, given that the Trustee cannot sell the Properties by itself as mentioned above.
The Issuer shall not, and shall procure that no other Issuer Group Company will, sell or otherwise dispose of any of its shares (owned directly or indirectly) in any Property Holding Companies, any Property Owning Companies, any Properties or other assets, except for any disposals carried out as a Permitted Disposal.
The Issuer shall procure that the Property Owning Companies shall not (in whole or in part) sell or otherwise dispose of the Properties.
Use of ProceedsThe Net Proceeds of the Bond Issue shall be applied firstly towards the making of intragroup loans to the Property Owning Companies (directly or indirectly through any intermediate entities) for purposes of refinancing Existing Debt in the Property Owning Companies, secondly, towards financing the Acquisition (including by way of providing intragroup loans to the BidCos to fund their respective Acquisition) and thirdly for general corporate purposes.
The Net Proceeds of the Initial Bond Issue shall be was applied firstly towards the making of intragroup loans to the Property Owning Companies (directly or indirectly through any intermediate entities) for purposes of refinancing Existing Debt in the Property Owning Companies, secondly, towards financing the Initial Acquisition (including by way of providing intragroup loans to the BidCos to fund their respective Initial Acquisition) and thirdly for general corporate purposes.