THE TASE CLEARING HOUSE. The clearing house of the Tel-Aviv Stock Exchange Ltd.
THE TASE CLEARING HOUSE. The clearing house of the Tel-Aviv Stock Exchange Ltd. The Bond conditions (the Conditions Recorded in the Overleaf) are an integral part of the provisions of the Trust Deed; the provisions of the Trust Deed shall be deemed as if expressly included in these Bond conditions. In any instance of a contradiction between that stated in the Bond and that stated in the Trust Deed, the provisions of the Trust Deed shall prevail.
THE TASE CLEARING HOUSE. The Tel Aviv Stock Exchange Clearing House Ltd. 2. The Debentures For details regarding the Debentures (Series B), see Section 2 of the Deed of Trust. 3. Terms of the Debentures (Series B) Offered under the Prospectus (a) Registered Debentures (Series B) of NIS 1 par value each. The Debentures (Series B) shall be repayable in three (3) yearly installments, on January 31 of each of the years from 2024 to 2026, (inclusive), such that the first two payments shall constitute 33.33% - 76 - of the total par value of the Debentures (Series B) and the third and final payment shall constitute 33.34% of the total par value of the Debentures (Series B). The first principal payment shall be paid on January 31, 2024, whereas the final principal payment shall be paid on January 31, 2026. (b) The outstanding balance of the principal of the Debentures (Series B) shall bear fixed annual interest at a rate to be determined in a tender (subject to adjustments in the event of a change in the rating of the Debentures (Series B)5 and/or noncompliance with a financial covenant as set forth in Sections 5.2 and 5.3 of the Deed of Trust and/or arrears interest, if any). (c) The Debentures (Series B) shall not be linked to any index or any linkage basis. (d) The interest on the Debentures (Series B) shall be paid twice per year, on January 31 and July 31 of each of the years from 2020 to 2026, starting on July 31, 2020, and up to January 31, 2026 (inclusive). Except for the first interest period (as it is defined below), any interest rate payment will be for the six-month period ended on the day prior to the date of payment (hereinafter: "the Interest Period"). (e) The first payment of principal of the Debentures (Series B) shall be made on April 31, 2024, and the final principal payment shall be made on January 31, 2026. The first payment of interest on the Debentures (Series B) shall be made on July 31, 2020, for the period commencing on the first trading day after the tender date of the Debentures (Series B), and ending on the last day before the first interest payment date (namely, on July 30, 2020) (hereinafter: "the First Interest Period"), calculated according to the actual days in that period based on 365 days in a year. The interest rate payable for a particular interest period (excluding the first interest period) (i.e. the period commencing on the payment day of the previous interest period and ending on the last day before the next payment date after the commencement the...
Examples of THE TASE CLEARING HOUSE in a sentence
General In this Debenture (Series B), the terms below shall have the meaning set out next to them, and terms for which no meaning is provided below shall have the meaning given to them in the Deed of Trust: "Business Day" or "Bank Business Day" Any day on which the TASE Clearing House and most banks in Israel are open for the execution of transactions.
In the event that the Debentures (Series B) are acquired by the Company, as part of the trading on the TASE, the Company shall apply to the TASE Clearing House to withdraw the Debentures so acquired, and all, unless otherwise determined by the provisions of the law prevailing at the time.
More Definitions of THE TASE CLEARING HOUSE
THE TASE CLEARING HOUSE. The Tel Aviv Stock Exchange Clearing House Ltd.