RECEIPT FROM THE BONDHOLDERS. 12.1 A receipt from a Bondholder for any payment on account of the principal, the interest and the linkage differentials paid to him by the Trustee in connection with the Bond, shall serve as absolute exemption of the Trustee and the Company in connection with the very performance of the payment of the sums designated in the receipt. 12.2 A receipt from the Trustee as to the deposit of any installment on account of the principal, the interest and the linkage differentials with the Trustee for the benefit of the Bondholders as set out in subsection 11.3 above, shall be deemed as a receipt from the Bondholder for the purpose of the provisions of subsection 12.1 above, with respect to the exemption of the Company in connection with the performance of the payment of the sums designated in the receipt. 12.3 Funds distributed as aforesaid in section 11 above, shall be deemed as payment on account of the settlement of the Bonds.
Appears in 5 contracts
Samples: Share Sale and Purchase Agreement, Trust Deed (Elbit Medical Imaging LTD), Trust Deed (Elbit Medical Imaging LTD)
