RUPOS definition
Examples of RUPOS in a sentence
Except for the costs incurred due to the resignation of the Trustee as referred to in article 3 paragraph 3.8 point c of the Syariah Ijarah Bond Trustee Agreement, the reasonable cost pertaining to the placement of an announcement to summon the RUPOS and announce the results of the RUPOS as well as all costs to convene the RUPOS including but not limited to the Notary’s cost and room lease shall be borne by the Issuer and the Issuer undertakes to pay it.
The RUPOS may be convened at the domicile of the Issuer or in another place where the Syariah Ijarah Bond is recorded or as agreed by the Issuer and Trustee.
The Trustee must announce the results of the RUPOS by placing an announcement in 1 (one) daily newspaper published in the Indonesian language having a national circulation no later than 7 (seven) Business Days as of the date when the RUPOS is convened.
All of the Syariah Ijarah Bond kept at the KSEI shall be suspended so as the said Syariah Ijarah Bond may not be transferred as of 3 (three) Trading Days before the date the RUPOS is convened up to the date of conclusion of the RUPOS, as evidenced by the notification from the Trustee or after obtaining an approval from the Trustee.
In the event no quorum is reached in the first RUPOS, a second RUPOS can be convened with the same agenda, within a period of no earlier than 10 (ten) Business Days and no later than 21 (twenty one) Business Days as of the first RUPOS under the condition that another summon must be served to the Syariah Ijarah Bond Holder no later than 7 (seven) Business Days before the second RUPOS by announcing it in at least 1 (one) daily newspaper published in the Indonesian language having a national circulation.
Before the RUPOS is commenced, the Issuer shall prepare a letter of statement concerning the Syariah Ijarah Bond that it owns and/or is owned by the Affiliated Company).
The entire Syariah Ijarah Bond owned by the Issuer pursuant to the Buy Back and/or the Syariah Ijarah Bond owned by the Subsidiary Company cannot be taken into account in the calculation of the quorum of attendance in the RUPOS and shall not have any voting right in the RUPOS.
The summon must expressly state the date, time, venue and agenda of the RUPOS.
In the event no quorum is reached in the second RUPOS, a third RUPOS can be convened with the same agenda, within a period of no earlier than 10 (ten) Business Days and no later than 21 (twenty one) Business Days as of the second RUPOS under the condition that another summon must be served to the Syariah Ijarah Bond Holder no later than 7 (seven) Business Days before the third RUPOS by announcing it in at least 1 (one) daily newspaper published in the Indonesian language having a national circulation.
A minutes of RUPOS must be prepared with respect to the RUPOS proceeding by a Notary as a valid and binding evidence to the Syariah Ijarah Bond Holder, Trustee and Issuer.