Reporting by the Trustee. 17.1 Should the Trustee learn of a material breach of the Trust Deed on the part of the Company, the Trustee shall notify the Bondholders within a reasonable length of time, and without delay, and subject to the provisions of the Law, about the breach and about the measures that it took to prevent it or to fulfill the Company’s covenants, as the case may be.
17.2 The Trustee shall prepare an annual report on the affairs of the trust by the end of the second quarter of each calendar year (hereinafter: “the Annual Report”). The Annual Report shall include details on the following matters:
17.2.1 current details of the course of affairs of the trust during the past year;
17.2.2 a report of exceptional events relating to the trust that occurred during the course of the past year.
17.2.3 The Holders may peruse the Annual Report at the Trustee’s offices during customary working hours, and shall be allowed to receive a copy of the Report upon request.
17.3 The Trustee shall send a notice to the Bondholders of any exceptional event that occurred in the Company that is liable to have a material impact on the Bondholders’ rights, shortly after actually learning of it. This obligation shall not apply if at issue is an event publicized by the Company pursuant to the Law.
Reporting by the Trustee. 18.1 The Trustee shall prepare, at the end of each year following the date hereof, an annual report on the trust affairs (the "Annual Report”)
18.2 The Annual Report will include a breakdown of the following subjects: current details of the course of affairs of the Trust in the elapsing year; a report on extraordinary events concerning the Trust that have occurred during the elapsing year.
18.3 The Debenture Holders will be allowed to review the Annual Report in the offices of the Trustee during acceptable business hours and will be allowed to receive a copy thereof upon demand. A copy of the report will be provided to the Company along with it being made available for review by the Debenture Holders.
18.4 The Trustee shall give the Debenture Holders notice of the date of submission of the report as stated in Section 23 hereof. Should the Trustee learn of a material violation hereof on the part of the Company, it will inform the Debenture Holders of the violation and of the steps that it has taken for preventing it or for fulfilling the undertakings of the Company, as relevant.
Reporting by the Trustee. The Trustee shall, by the end of the second quarter of each calendar year, draw up an annual report regarding the affairs of the trust (hereinafter: “the Annual Report”). The Annual Report shall contain details on the following subjects:
17.1 Current details about the course of the affairs of the trust in the preceding year.
17.2 A report on irregular events in connection with the trust that occurred during the preceding year. Holders of the Debentures (Series A) will be entitled to peruse the Annual Report at the offices of the Trustee during normal working hours, and will be entitled to receive a copy of the report on request. The Trustee shall deliver to holders of the Debentures (Series A) a notice regarding the date of submission of the report, as stated in Clause 22 below. Where the Trustee has become aware of a material breach of this deed on the part of Company, it shall notify holders of the Debentures (Series A) about the breach and about the steps that it has taken to prevent same or for the fulfillment of the Company’s obligations, as the case may be.
Reporting by the Trustee. 19.1. [deleted]
19.2. The Trustee shall prepare, at the end of each calendar year from the date of the Shelf Offering report, an annual report on the trust affairs ("The Annual Report"). The Annual Report will include breakdown of the following subjects:
19.2.1. Current details of the course of affairs of the Trust in the elapsing year;
19.2.2. A report on extraordinary events concerning the Trust that have occurred during the elapsing year. Whoever shall demonstrate to the Trustee's satisfaction that it holds a Debenture will be allowed to review the Annual Report in the offices of the Trustee during acceptable business hours and will be allowed to receive a copy thereof upon demand.
Reporting by the Trustee. 21.1. The Trustee shall make each year, at the time determined for this in the Law and in absence of a scheduled time until the end of the second quarter in each calendar year, an annual report of the trust matters (the “Annual Report”) and it shall submit it to the Securities Authority and to the Stock Exchange.
21.2. The Annual Report shall include details that shall be determined from time to time in the Law. Submitting the Annual Report to the Securities Authority and to the Stock Exchange, is as furnishing the Annual Report to the Company and to the Debenture Holders.
21.3. The Trustee must submit a report regarding the actions that it performed according to the provisions of chapter E.1 of the Law, according to a reasonable demand of the Debenture Holders that hold at least ten percent (10%) of the balance of the nominal value of the Debentures of that series, within a reasonable time of the demand, all subject to the confidentiality obligation of the Trustee towards the Company as set forth in Section 35J(d) of the Law.
21.4. The Trustee shall update the Company before a report according to Section 35H1 of the Law.
21.5. As of the day of signing this Deed, the Trustee declares that it is insured with professional liability insurance at a total of ten million Dollars per term (the “Coverage Amount”). Insofar as prior to the full repayment of the Debentures, the Coverage Amount shall be reduced to less than a total of eight million Dollars for any reason whatsoever, then the Trustee shall update the Company no later than 7 business days from the day on which it has found out about the stated reduction from the insurer, in order to publish an Immediate Report on the subject. The provisions of this clause shall apply until such time as securities regulations shall enter into effect, which shall regulate the duty of the Trustee’s insurance coverage. After such regulations enter into effect as stated, the Trustee shall be required to update the Company only in case the Trustee shall fail to uphold the requirements of the regulations.
21.6. Until the full repayment of the Debentures, if the Trustee shall receive an inquiry by the Holders who have 5% or more of the undertaking value of the Debentures (Series C) for receiving information about the examinations performed by the Trustee regarding the Debenture series, including with regards to the test of the Company’s upholding of its undertakings towards the Debenture Holders in accordance with the Deed of T...
Reporting by the Trustee. 20.1. The Trustee shall make each year, at the time determined for this in the Law and in absence of a schedule time within 40 days after the end of each twelve months from the date of this Deed of Trust, an annual report of the trust matters (the “Annual Report”) and it shall submit it to the Securities Authority and to the Stock Exchange.
20.2. The Annual Report shall include details that shall be determined from time to time in the Law. Submitting the Annual Report to the Securities Authority and to the Stock Exchange, is as furnishing the Annual Report to the Company and to the Debenture Holders.
20.3. The Trustee must submit a report regarding the actions that it performed according to the provisions of chapter E’1 of the Law, according to a reasonable demand of the Debenture Holders that hold at least ten percent (10%) of the balance of the par value of the Debentures of that series, within a reasonable time of the demand, all subject to the confidentiality obligation of the Trustee towards the Company as set forth in section 35J(d) of the Law.
20.4. The Trustee shall update the Company before a report according to section 35H1(a) through (c) of the Law.
Reporting by the Trustee. 19.1. In the event that the Trustee becomes aware of a substantial breach of the Deed of Trust by the Company, it will inform the Bondholders of the breach within a reasonable time and without delay, subject to the provisions of the law. This obligation will not apply to an incident published by the Company under the law.
19.2. The Trustee will prepare, every year on the date set forth in the Law, and the absence of the determination of a date as stated, by the end of the second quarter of each calendar year, an annual report of trust matters (hereinafter: the “Annual Report”). The Annual Report will include detail of the following matters:
19.2.1. Ongoing details of the process of the trust matters in the past year.
19.2.2. Reporting of extraordinary events in connection with the trust that occurred during the past year. The Holders may review the Annual Report at the offices of the Trustee during normal working hours and may receipt a copy of the report upon request.
Reporting by the Trustee. 22.1. The Trustee shall, each year as of the date prescribed therefor in the law, and in the absence of such date, by the end of the second quarter of each calendar year, prepare and deliver to the Authority and TASE an annual report regarding the affairs of the trust ("Annual Report").
22.2. The Annual Report shall include the details determined from time to time by the Law. The filing of such Annual Report with the Authority and TASE shall be deemed to be the furnishing of the Annual Report to the Company and Debenture Holders.
22.3. The Trustee shall be required to submit a report with respect to actions it performed in accordance with Chapter E1 of the Law, upon the reasonable request of Holders holding at least ten percent (10%) of the balance of the nominal value of the Debentures of such series, within a reasonable period of time from the date of demand, all subject to the duty of confidentiality which the Trustee owes the Company, as set forth in Section 35j(d) of the Law.
22.4. The Trustee shall notify the Company prior to reporting, pursuant to Section 35h1(a) through (c) of the law.
Reporting by the Trustee. 29.1 The trustee shall prepare within three months of the end of a trusteeship year an annual report concerning trusteeship matters ("THE ANNUAL REPORT").
29.2 The annual report shall detail the following subjects: Current details of the course of trusteeship matters during the past year; reporting exceptional events in connection with the trusteeship that took place during the past year.
29.3 Holders of bonds shall have the right to view the annual report at the trustee's offices during regular working hours and shall be entitled to a copy of the report on demand. A copy of the report shall be delivered to the company at the same time as it is made ready for viewing by the bond holders.
29.4 The trustee shall give the bond holders a notice, as provided in Section 23 of this deed, about the date of submission of said annual report. If the trustee learns of a fundamental violation of the deed of trust by the company, he shall notify the bond holders of the violation and on the measures taken in order to prevent it or to ensure fulfillment of the company's obligations, as the case may be.
29.5 The trustee's obligations under this Section shall be in addition to the trustee's reporting obligations in accordance with any legal rule.
Reporting by the Trustee. 21.1. The Trustee shall make each year, at the time determined for this in the Law and in absence of a scheduled time until the end of the second quarter in each calendar year, an annual report of the trust matters (the “Annual Report”) and it shall submit it to the Securities Authority and to the Stock Exchange.
21.2. The Annual Report shall include details that shall be determined from time to time in the Law. Submitting the Annual Report to the Securities Authority and to the Stock Exchange, is as furnishing the Annual Report to the Company and to the Debenture Holders.
21.3. The Trustee must submit a report regarding the actions that it performed according to the provisions of chapter E.1 of the Law, according to a reasonable demand of the Debenture Holders that hold at least ten percent (10%) of the balance of the nominal value of the Debentures of that series, within a reasonable time of the demand, all subject to the confidentiality obligation of the Trustee towards the Company as set forth in Section 35J(d) of the Law.
21.4. The Trustee shall update the Company before a report according to Section 35H1 of the Law.
