Shining Prospect definition
Examples of Shining Prospect in a sentence
Shining Prospect shall use its reasonable endeavours to obtain the return of the First Dividend Amount and promptly notify Alcoa if it receives any such amount.
Furthermore, Alcoa appoints Shining Prospect as its attorney for the sole purpose of giving notice on behalf of Alcoa of reassignment to any person on notice of the assignment of any of the Charged Assets to Alcoa by or pursuant to the Loan Note and the Charge Over Shares.
It will deliver to the Securities Custodian promptly after the date hereof an original signed copy of an instruction of revocation to the Securities Custodian in the form set out in Part I of Exhibit B and use all reasonable endeavours to procure the delivery to Shining Prospect of a signed copy of an acknowledgement from the Securities Custodian in the form set out in Part II of Exhibit B.
Shining Prospect shall promptly notify Alcoa of the final release and discharge of the Security Over Assigned Account and any balance that remains in the Assigned Account upon such final release and discharge.
If at any time any payment made to Alcoa is rescinded, avoided or reduced or must be otherwise restored or returned upon the insolvency or receivership of Shining Prospect or otherwise, such payment obligation shall be reinstated as though such payment had been due but not made at such time and Chinalco shall promptly pay such amount to Alcoa.
Looking to the future we see many such opportunities to build on, and deepen, that strong base of collaboration and cooperation." In connection with these matters, Alcoa and Chinalco have also entered into an agreement by which Chinalco will redeem the convertible note issued by Shining Prospect Pte.
The Second Ranking Lenders may take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Second Ranking Liabilities from any person other than Shining Prospect without restriction.
We strengthened our relationship in 2008 with the formation of Shining Prospect Pte.
After the occurrence of an Insolvency Event in relation to Shining Prospect, the person responsible for the distribution of the assets of Shining Prospect shall be directed to pay any distributions in respect of the Transaction Security to the Security Agent until the Liabilities have been paid in full.
The Hedge Providers may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Hedging Liabilities from Shining Prospect other than the Transaction Security unless the prior consent of the Majority First Ranking Lenders is obtained.