Examples of Amendment Conditions in a sentence
Project UndertakingProvided that the Amendment Conditions Satisfaction has occurred, the Issuer shall ensure that no Group Company or JV Company commences the construction phase of a Project in relation to the development of a housing cooperative (Sw. bostadsrättsförening), unless the Issuer has secured financing corresponding to not less than 50.00 per cent.
Once the Issuer has received such confirmation from the Agent it shall issue a press release stating that the Amendment Conditions Satisfaction has occurred and the Agent shall notify the Holders that the Amendment Conditions Satisfaction has occurred.
At such partial redemption all outstanding Bonds shall be repaid by way of reducing the Nominal Amount of each Bond pro rata and the aggregate amount of such reductions shall not be less than SEK 100,000,000.11.5.2 Provided that the Amendment Conditions Satisfaction has occurred, the Issuer shall, on each Prepayment Date, make a partial redemption of Bonds.
The Agent shall confirm to the Issuer when it is satisfied that the Amendment Conditions Satisfaction has occurred.
If the Amendment Conditions have not been fulfilled by 29 April 2020 the Agent shall notify the Holders thereof and inform the Holders that the 2020 Amendments will automatically be reversed.