Common use of Tap Issues Clause in Contracts

Tap Issues. (a) If Maximum Issue Amount is applicable (ref Clause 1 (Main terms of the Bonds)), the Issuer may subsequently issue Additional Bonds on one (1) or more occasions (each a “Tap Issue”) until the Nominal Amount of all Additional Bonds plus the Initial Bond Issue equals in aggregate the Maximum Issue Amount, provided that: (i) the Tap Issue is made no later than five (5) Business Days prior to the Maturity Date, and that (ii) all conditions set forth in Clause 4.1 (Conditions precedent) are still valid to the extent applicable, or that necessary valid documentation is provided. (b) Each Tap Issue requires written confirmation from the Bond Trustee, unless (i) the Issuer is a Financial Institution and (ii) the Bonds constitute (senior) unsecured indebtedness of the Issuer (i.e. not subordinated). (c) The Issuer may, upon written confirmation from the Bond Trustee, increase the Maximum Issue Amount. The Bondholders and the Exchange shall be notified of any increase in the Maximum Issue Amount. (d) Interest will accrue on the Nominal Amount of any Additional Bond as set out in Clause

Tap Issues. (a) If Maximum Issue Amount is applicable (ref Clause 1 (Main terms of the Bonds)), the Issuer may subsequently issue Additional Bonds on one (1) or more occasions (each a “Tap Issue”) until the Nominal Amount of all Additional Bonds plus the Initial Bond Issue equals in aggregate the Maximum Issue AmountAmount less the Initial Bond Issue, provided that: (i) the Tap Issue is made no later than five (5) Business Days prior to the Maturity Date, and that (ii) all conditions set forth in Clause 4.1 (Conditions precedent) are still valid to the extent applicable, or that necessary valid documentation is provided. (b) Each Tap Issue requires written confirmation from the Bond Trustee, unless (i) the Issuer is a Financial Institution and (ii) the Bonds constitute (senior) unsecured indebtedness of the Issuer (i.e. not subordinated). (c) The Issuer may, upon written confirmation from the Bond Trustee, increase the Maximum Issue Amount. The Bondholders and the Exchange shall be notified of any increase in the Maximum Issue Amount. (d) Interest will accrue on the Nominal Amount of any Additional Bond as set out in Clause