Tradegro definition
Tradegro means Tradegro S.à r.l., a limited liability company (société à responsabilité limitée), with registration number B 149.807, with a share capital of GBP94,927,327, duly incorporated in accordance with the laws of Luxembourg and acting, where applicable, through its duly authorised Swiss Branch;
Tradegro means Tradegro S.à r.l., registration number B 149.807, a limited liability company (sociéte à responsabilité limitée), incorporated in accordance with the laws of Luxembourg;
Tradegro or “the Guarantor”), a wholly-owned subsidiary of Tradehold. The Original Facility Agreement had a termination date of 11 February 2019 (“the Termination Date”), at which point it was to be replaced by a term facility with Investec (“the Term Facility Agreement”) that would not have required the support of the Guarantor. Due to delays in the completion of all the Projects the Original Facility Agreement could not convert into the Term Facility Agreement on the Termination Date. Consequently the Guarantor’s support for the Original Facility Agreement had to be extended beyond the Termination Date. On 11 February 2019 MSA, Investec and the Guarantor entered into an agreement in terms of which the termination of the Original Facility Agreement was extended to 24 July 2019, with a final maturity date of 31 July 2019, or such later date as Investec may agree in its discretion (“the Facility Amendment Agreement”). In addition to the above, and on the same day, Mettle and the other shareholders of MSA (collectively, “the Indemnifying Parties”) concluded an indemnity agreement with Tradegro (“the Indemnity Agreement”), in terms of which the Indemnifying Parties indemnify Tradegro, irrevocably and unconditionally, jointly and severally, against any claim arising from the Original Facility Agreement, as extended by the Facility Amendment Agreement. The board of directors of Mettle regards the terms of the Indemnity Agreement as being normal commercial terms for companies such as MSA and Mettle. The Indemnity Agreement is unsecured and therefore any claim thereunder will also be unsecured.