Common use of Debt Sponsor Clause in Contracts

Debt Sponsor. The listing requirements requires CCT to appoint a Debt Sponsor. The role of a Debt Sponsor is: • to ensure that CCT is guided and advised as to the application of the Debt Listing Requirements as it relates specifically to a municipality; • act as a conduit for communication between the issuer and the • manage the submission of documentation to the and ensure its compliance with the debt listing requirements prior to submission; • approve all market notices and SENS notices relating to the issuer and to any listed debt securities; • facilitate the implementation of all listed debt transactions; • assist in obtaining all necessary approvals for debt securities • to ensure compliance with the qualifications of the responsibilities of a Debt Sponsor as contained in paragraph 2.7 of the Debt Listings Requirements dated August 2020 (Refer appendix B). In addition, in terms of section 14 of the Municipal Regulations on Debt Disclosure, where a municipality, having incurred debt through the issuing of municipal debt instruments, must, annually within 90 days after the end of the financial year until the debt has been repaid, prepare a consolidated disclosure statement.

Debt Sponsor. The listing requirements requires CCT to appoint a Debt Sponsor. The role of a Debt Sponsor is: • to ensure that CCT is guided and advised as to the application of the Debt Listing Requirements as it relates specifically to a municipality; • act as a conduit for communication between the issuer and the ; • manage the submission of documentation to the and ensure its compliance with the debt listing requirements prior to submission; • approve all market notices and SENS notices relating to the issuer and to any listed debt securities; • facilitate the implementation of all listed debt transactions; • assist in obtaining all necessary approvals for debt securities • to ensure compliance with the qualifications of the responsibilities of a Debt Sponsor as contained in paragraph 2.7 of the Debt Listings Requirements dated August 2020 (Refer appendix B). In addition, in terms of section 14 of the Municipal Regulations on Debt Disclosure, where a municipality, having incurred debt through the issuing of municipal debt instruments, must, annually within 90 days after the end of the financial year until the debt has been repaid, prepare a consolidated disclosure statement.