Examples of Joint Book Runners in a sentence
In addition, in the ordinary course of their business activities, the Joint Book Runners and their affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers.
Neither the Issuer, the Joint Book Runners nor any of their respective affiliates has or assumes responsibility for the lawfulness of the acquisition of the Bonds by a prospective investor in the Bonds, whether under the laws of the jurisdiction of its incorporation or the jurisdiction in which it operates (if different), or for compliance by that prospective investor with any law, regulation or regulatory policy applicable to it.
The Joint Book Runners do not have any obligation to take into account the interests of the Bondholders when exercising their rights as lender under the aforementioned credit facilities.
Potential investors should also be aware that the Joint Book runners may hold from time to time debt securities or/and other financial instruments of the Issuer.Within the framework of normal business relationship with its banks, the Issuer or any subsidiary could enter into or has entered into loan agreements and other facilities with the Joint Book Runners (via bilateral transactions or/and syndicated loans together with other banks).
Any full or partial repayment of credit facilities granted by the Joint Book Runners will, at that time, have a favorable impact on the exposure of the Joint Book Runners vis-à-vis the Issuer.