RoP Bond definition

RoP Bond means a ten-year bond of the Republic of the Philippines in the form attached hereto as Exhibit B with a principal amount of not more than US$97 million.
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Examples of RoP Bond in a sentence

  • NIA shall obtain the cooperation of the Department of Finance to provide necessary disclosure materials with respect to the RoP Bond, and provide other marketing information as necessary if CE Casecnan decides to assign the RoP Bond to a third party.

  • NIA shall have the option, in its sole discretion, of paying more of the Settlement Amount in cash on the Closing Date, in which event the principal amount of the RoP Bond shall reduce dollar for dollar for each dollar of cash so paid in excess of seventeen million six hundred and ninety two thousand six hundred and twenty nine United States Dollars (US$17,692,629).

  • NIA shall exert its best efforts to obtain from the DOF the issuance of the RoP Bond for the specific purpose of making available the Settlement Amount to NIA by investing or purchasing NIA issued bonds or other credit instruments.

  • It is understood that NIA is the party liable for the Settlement Amount, and it also understood that NIA is the beneficiary of the RoP Bond.

  • The balance of the Settlement Amount not paid in cash shall be paid in the form of delivery of the RoP Bond to and in the name of CE Casecnan, which shall be delivered on or prior to the Closing Date.