Examples of Principal Subsidiary in a sentence
Cross-acceleration: The Conditions will contain a cross-acceleration provision as described in Condition 13(c) (Events of Default—Cross-acceleration of Issuer or Principal Subsidiary).
Upon the Company or any Principal Subsidiary becoming aware of the occurrence of an Event of Default with respect to this Note or any other Notes, the Company shall immediately deliver a written notice thereof via facsimile, overnight courier or e-mail transmission to the Holder (a “Default Notice”).
A certificate of two Directors of the Issuer that in their opinion a Subsidiary of the Issuer is or is not or was or was not at any particular time or throughout any specified period a Principal Subsidiary, shall, in the absence of manifest error, be conclusive and binding on all parties.
Dividend protection Investor protection in the form of Conversion Price adjustment in respect of all dividends and distributions Events of Default Yes, in line with standard provisions, including: (i) if the Issuer defaults on its payment or other obligations under the Bonds; and (ii) liquidation of the Issuer or any Principal Subsidiary, except where all or part of the undertaking and assets of a Principal Subsidiary are transferred to the Issuer or another Subsidiary of the Issuer.
Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Company or the Principal Subsidiary, as applicable and (iii) applicable law.