Common use of Early Redemption of the Bonds Clause in Contracts

Early Redemption of the Bonds. In the event that the Bonds shall be listed for trading and the TASE shall decide to delist the Bonds in circulation from trading because the value of the series of Bonds diminished from the sum prescribed in the TASE directives regarding delisting of bonds, the Company shall act as follows: 9.1 Within 45 days of the date of the resolution by the TASE Board of Directors regarding the delisting as stated, the Company shall announce an early redemption date on which the Holder of the Bonds may redeem them. The Company shall pay the Principal plus interest to the Holder, according to the Bond conditions that accrued up until the actual redemption date. 9.2 The announcement of the early redemption date shall be published in two Hebrew-language daily newspapers circulated in Israel and shall be delivered in writing to all registered Holders of the Bonds. 9.3 The early redemption date relative to the Bonds shall be at least 17 days after the publication date of the announcement and not later than 45 days after the said date, but not during the period between the Record Date for a payment of interest and the actual payment date thereof. 9.4 On the early redemption date, the Company shall redeem the Bonds that the Holders thereof requested to redeem, according to the balance of their par value, plus the interest and the linkage differentials that accrued on the Principal up until the actual redemption date (the interest shall be calculated on the basis of 365 days in a year). 9.5 The determination of an early redemption date as stated above shall in no way prejudice the redemption rights prescribed in the Bonds of any of the Bondholders that shall not redeem them on the early redemption date as stated above, but the Bonds shall be delisted from trading on the TASE and, inter alia, the tax implications deriving from this shall apply to them. 9.6 An early redemption of the Bonds as stated above shall not confer to any Holder who held the Bonds that shall be redeemed as stated, the right to a payment of interest in respect of the period subsequent to the redemption date. It is hereby clarified that, apart from as stated above, the Company has no right to execute an early redemption of the Bonds.

Appears in 3 contracts

Samples: Trust Deed (Partner Communications Co LTD), Trust Deed (Partner Communications Co LTD), Trust Deed (Partner Communications Co LTD)

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Early Redemption of the Bonds. In 5.1 The Issuer shall report in writing to the event that Fiscal and Paying Agent the Bonds shall be listed for trading and Issuer’s obligation or decision to early repay the TASE shall decide to delist the Bonds in circulation from trading because the value of the series of Bonds diminished from the sum prescribed in the TASE directives regarding delisting of bonds, the Company shall act as follows: 9.1 Within 45 days of the date of the resolution by the TASE Board of Directors regarding the delisting as stated, the Company shall announce an early redemption date on which the Holder relevant nominal amount or Discounted Amount of the Bonds may redeem them. (plus any premium, if applicable) pursuant to any provision of the Terms and Conditions without undue delay after the Issuer becomes aware of that. 5.2 The Company Fiscal and Paying Agent shall pay make the Principal plus interest Payment by wire transfer to the Holderaccount of the Authorised Person kept by a bank in an EU Member State or other state that is a member of the European Economic Area in accordance with Clause 4.1 and in compliance with the Terms and Conditions on the day of the Early Redemption Date (in Czech Den předčasné splatnosti). 5.3 The provisions of Clauses 5.1 and 5.2 shall not apply if a court sets a different deadline and manner of any Payment or if otherwise provided by applicable laws. 5.4 For other terms of the Payment the provisions of Clause 4 shall be used accordingly. 5.5 If the Fiscal and Paying Agent receives a Redemption Notice from a Bondholder, the Fiscal and Paying Agent shall deliver such a Redemption Notice without undue delay to the Issuer including a specification of the amount which should be paid to the Bondholder (following deduction of any applicable withholding tax calculated and payable by the Issuer) and shall request from the Issuer a consent with the Payment of the amount due to the Authorised Persons. 5.6 The Issuer shall communicate in writing to the Fiscal and Paying Agent no later than 15 (fifteen) Business Days after the day of receipt of the Redemption Notice under Clause 5.5 whether or not the grounds for any early redemption (in Czech předčasné splacení) according to the Bond conditions that accrued up until Terms and Conditions have occurred and whether it explicitly agrees with the actual redemption date. 9.2 The announcement Payment of the relevant amount to such Bondholder. As long as the Fiscal and Paying Agent does not receive a notice in writing from the Issuer confirming that the grounds for any early redemption date shall be published in two Hebrew-language daily newspapers circulated in Israel and shall be delivered in writing to all registered Holders of the Bonds. 9.3 The early redemption date relative to the Bonds shall be at least 17 days after the publication date of the announcement and not later than 45 days after the said date, but not during the period between the Record Date for a payment of interest and the actual payment date thereof. 9.4 On the early redemption date, the Company shall redeem the Bonds that the Holders thereof requested to redeem, according to the balance of their par valueTerms and Conditions have occurred, plus and as long as the interest and the linkage differentials that accrued on the Principal up until the actual redemption date (the interest shall be calculated on the basis of 365 days in a year). 9.5 The determination of an early redemption date as stated above shall in no way prejudice the redemption rights prescribed in the Bonds of any of the Bondholders that shall funds intended for such purpose are not redeem them on the early redemption date as stated above, but the Bonds shall be delisted from trading on the TASE and, inter alia, the tax implications deriving from this shall apply to them. 9.6 An early redemption of the Bonds as stated above shall not confer to any Holder who held the Bonds that shall be redeemed as stated, the right to a payment of interest in respect of the period subsequent credited to the redemption dateAccount, it is not obliged to make the requested Payment to the Authorised Persons. It is hereby clarified that, apart from as stated above, The Issuer shall cover all duly documented costs and expenditures incurred by the Company has no right Fiscal and Paying Agent in relation to execute an early redemption of the Bondsactions taken according to this Clause.

Appears in 1 contract

Samples: Agency Agreement

Early Redemption of the Bonds. In the event that the Bonds shall be listed for trading and the TASE shall decide to delist the Bonds in circulation from trading because the value of the series of Bonds diminished from the sum prescribed in the TASE directives regarding delisting of bonds, the Company shall act as follows: 9.1 Within 45 days of the date of the resolution by the TASE Board of Directors regarding the delisting as stated, the Company shall announce an early redemption date on which the Holder of the Bonds may redeem them. The Company shall pay the Principal plus interest to the Holder, according to the Bond conditions that accrued up until the actual redemption date. 9.2 The announcement of the early redemption date shall be published in two Hebrew-language daily newspapers circulated in Israel and shall be delivered in writing to all registered Holders of the Bonds. 9.3 The early redemption date relative to the Bonds shall be at least 17 days after the publication date of the announcement and not later than 45 days after the said date, but not during the period between the Record Date for a payment of interest and the actual payment date thereof. 9.4 On the early redemption date, the Company shall redeem the Bonds that the Holders thereof requested to redeem, according to the balance of their par value, plus the interest and the linkage differentials that accrued on the Principal up until the actual redemption date (the interest shall be calculated on the basis of 365 days in a year). 9.5 The determination of an early redemption date as stated above shall in no way prejudice the redemption rights prescribed in the Bonds of any of the Bondholders that shall not redeem them on the early redemption date as stated above, but the Bonds shall be delisted from trading on the TASE and, inter alia, the tax implications deriving from this shall apply to them. 9.6 An early redemption of the Bonds as stated above shall not confer to on any Holder of the Bondholders who held shall redeem the Bonds that shall be redeemed as stated, stated the right to a payment of interest in respect of the period subsequent to after the actual redemption date. It APPENDIX B ELBIT MEDICAL IMAGING LTD. GENERAL MEETINGS OF THE BONDHOLDERS 1. The Trustee or the Company may invite the Bondholders to a Bondholders' meeting. If the Company convenes such a meeting, it is hereby clarified thatrequired to immediately send notice, apart in writing, to the Trustee of the place, the date and the time at which the meeting will be held and of the matters to be raised for discussion thereat. The Company shall be required to convene such a meeting, upon the written requisition of the Trustee or of the holders of at least ten percent (10%) of the par value of the unpaid balance of the principal of all the Bonds that shall be issued pursuant to the Trust Deed. The Trustee shall be required to convene such a meeting upon the written requisition of the holders of at least ten percent (10%) of the par value of the unpaid balance of the principal of all the Bonds that shall be issued pursuant to the Trust Deed. In the event that the requisitioners of the meeting are the Bondholders, the Company and/or the Trustee, as the case may be, shall be entitled to demand from as the requisitioners indemnification for the reasonable expenses entailed therein. At the time of convening Bondholder meetings, the Trustee will examine the existence of a conflict of interests amongst the Bondholders under the circumstances of the case. The Company and the Trustee shall act to convene class meetings of Bondholders pursuant to the provisions of any law, case law, the provisions of the Securities Law and the Regulations and Directives promulgated thereunder. 2. In respect of each Bondholders' meeting, advance notice of at least 14 days shall be given to the Bondholders and to the Trustee, which shall specify the place, the date and the time of the meeting, and which shall also specify, in a general manner, the issues to be discussed at the meeting. Should the meeting be convened for the purpose of passing a special resolution, advance notice of at least 21 days shall be given, and the notice shall specify, in addition to that stated above, the Company has no right to execute an early redemption proposed text of the Bondsspecial resolution. In the event of the convening of the meeting by the Trustee, such notice shall also be given to the Company. The Trustee may shorten the period of time for the provision of advance notices, should the Trustee believe that the deferment of the convening of the meeting could have an adverse effect on the Bondholders' rights. 3. Any notice on behalf of the Company and/or the Trustee to the Bondholders shall be given in a notice that shall be published in two daily newspapers which are widely circulated in Israel in Hebrew or by the sending of a notice by registered mail according to the last address of the Bondholders registered in the Register (and in the event of joint holders - to the holder whose name appears first in the

Appears in 1 contract

Samples: Trust Deed (Elbit Medical Imaging LTD)

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Early Redemption of the Bonds. In 5.1 The Issuer shall report in writing to the event that Fiscal and Paying Agent the Issuer’s obligation or decision to early repay the relevant nominal amount and interest accrued on the Bonds (plus any premium, if applicable) pursuant to any provision of the Terms and Conditions without undue delay after the Issuer becomes aware of that. 5.2 The Fiscal and Paying Agent shall make the Payment by wire transfer to the account of the Authorised Person kept by a bank in an EU Member State or other state that is a member of the European Economic Area in accordance with Clause 4.1 and in compliance with the Terms and Conditions on the day of the Early Redemption Date (in Czech Den předčasné splatnosti). 5.3 The provisions of Clauses 5.1 and 5.2 shall not apply if a court sets a different deadline and manner of any Payment or if otherwise provided by applicable laws. 5.4 For other terms of the Payment the provisions of Clause 4 shall be listed for trading used accordingly. 5.5 If the Fiscal and Paying Agent receives a Redemption Notice from a Bondholder, the TASE Fiscal and Paying Agent shall decide deliver such a Redemption Notice without undue delay to delist the Bonds in circulation from trading because the value Issuer including a specification of the series amount which should be paid to the Bondholder (following deduction of Bonds diminished any applicable withholding tax calculated and payable by the Issuer) and shall request from the sum prescribed in Issuer a consent with the TASE directives regarding delisting of bonds, the Company shall act as follows: 9.1 Within 45 days Payment of the date amount due to the Authorised Persons. 5.6 The Issuer shall communicate in writing to the Fiscal and Paying Agent no later than 15 (fifteen) Business Days after the day of receipt of the resolution by Redemption Notice under Clause 5.5 whether or not the TASE Board of Directors regarding the delisting as stated, the Company shall announce an grounds for any early redemption date on which the Holder of the Bonds may redeem them. The Company shall pay the Principal plus interest to the Holder, (in Czech předčasné splacení) according to the Bond conditions that accrued up until Terms and Conditions have occurred and whether it explicitly agrees with the actual redemption date. 9.2 The announcement Payment of the relevant amount to such Bondholder. As long as the Fiscal and Paying Agent does not receive a notice in writing from the Issuer confirming that the grounds for any early redemption date shall be published in two Hebrew-language daily newspapers circulated in Israel and shall be delivered in writing to all registered Holders of the Bonds. 9.3 The early redemption date relative to the Bonds shall be at least 17 days after the publication date of the announcement and not later than 45 days after the said date, but not during the period between the Record Date for a payment of interest and the actual payment date thereof. 9.4 On the early redemption date, the Company shall redeem the Bonds that the Holders thereof requested to redeem, according to the balance of their par valueTerms and Conditions have occurred, plus and as long as the interest and the linkage differentials that accrued on the Principal up until the actual redemption date (the interest shall be calculated on the basis of 365 days in a year). 9.5 The determination of an early redemption date as stated above shall in no way prejudice the redemption rights prescribed in the Bonds of any of the Bondholders that shall funds intended for such purpose are not redeem them on the early redemption date as stated above, but the Bonds shall be delisted from trading on the TASE and, inter alia, the tax implications deriving from this shall apply to them. 9.6 An early redemption of the Bonds as stated above shall not confer to any Holder who held the Bonds that shall be redeemed as stated, the right to a payment of interest in respect of the period subsequent credited to the redemption dateAccount, it is not obliged to make the requested Payment to the Authorised Persons. It is hereby clarified that, apart from as stated above, The Issuer shall cover all duly documented costs and expenditures incurred by the Company has no right Fiscal and Paying Agent in relation to execute an early redemption of the Bondsactions taken according to this Clause.

Appears in 1 contract

Samples: Agency Agreement

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