Examples of STBV in a sentence
During the period from 11th January, 2020 until the date of Notice of this EGM, the Company has not made any preferential issue of Equity Shares.
STBV shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders that so consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement.
The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for STBV or its Affiliates, and may otherwise deal with STBV or its Affiliates, as if it were not the Trustee.
If STBV or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Upon payment over to the Trustee, the Paying Agent (if other than STBV or a Subsidiary) will have no further liability for the money.
In addition, upon the Issuer’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, and clauses (iii), (iv), (v) (with respect to a Significant Subsidiary of STBV), (vi) (with respect to a Significant Subsidiary of STBV), (vii) and (viii) of Section 6.01(a) will not constitute Events of Default.
STBV is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and STBV is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default and the remedial action STBV proposes to take in connection therewith.
If they do, the certificate shall describe the Default, its status and what action STBV is taking or proposes to take with respect thereto.
Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency with respect to the Issuer, STBV, any Subsidiary of STBV that is a Significant Subsidiary or any group of Subsidiaries of STBV that, taken together, would constitute a Significant Subsidiary of STBV, all outstanding Notes will become due and payable immediately without further action or notice.
STBV shall not, and shall not permit any Subsidiary to, engage in any business other than Permitted Businesses, except to such extent as would not be material to STBV and its Subsidiaries taken as a whole.