Examples of Approved Investment Bank in a sentence
If any doubt shall arise as to the appropriate adjustment to the Conversion Price, a certificate of the Approved Investment Bank or the Auditors shall be conclusive and binding on all concerned save in the case of manifest or gross mistakes.
Where any of the provisions of these Conditions permits or requires a determination by an Approved Investment Bank or the Auditors, the Company shall have the right to select either a investment bank of international repute (being the “Approved Investment Bank”) or the Auditors to make the determination provided that any appointment of an Approved Investment Bank by the Company for the purpose of this Condition 6 shall first be approved by the Bondholders.
All determinations of the Approved Investment Bank or the Auditors pursuant to or in purported pursuance of these Conditions shall be deemed to be made by them or it as an expert and all such determinations shall be final, conclusive and binding on the Company, all Bondholders and all persons claiming through or under them, except in the case of manifest or gross mistakes.
Provided that if in the opinion of the Approved Investment Bank or the Auditors, the fair market value as aforesaid produces a result which is significantly inequitable, the Approved Investment Bank or the Auditors may, acting as an expert, instead determine (and in such event the above formula shall be construed accordingly) the amount which should properly be attributed to the value of the Capital Distribution.