Bond Trustee Agreement definition
Examples of Bond Trustee Agreement in a sentence
For other issuers a separate Bond Trustee Agreement will be entered into.
The fees of the Bond Trustee will be further set out in the Bond Trustee Agreement.
Except for the costs incurred due to the resignation of the Trustee as referred to in article 3 paragraph 3.8 point c of the Syariah Ijarah Bond Trustee Agreement, the reasonable cost pertaining to the placement of an announcement to summon the RUPOS and announce the results of the RUPOS as well as all costs to convene the RUPOS including but not limited to the Notary’s cost and room lease shall be borne by the Issuer and the Issuer undertakes to pay it.
Providing that the Issuer buys back the entire Syariah Ijarah Bond as a form of repayment, the Issuer shall then be obligated to announce it in 1 (one) daily newspaper having a national circulation no later than 2 (two) Business Days as of the above repayment date and the Syariah Ijarah Bond Trustee Agreement shall expire.
Therefore, the Syariah Ijarah Bond Holder shall be represented by the Trustee as a party to the Syariah Ijarah Bond Trustee Agreement, and all of the documents as well as agreements relating to the said agreements along with any future attachments and amendments to the said agreements as well as a party who shall execute or protect the interest of each Syariah Ijarah Bond Holder before the court institution including the commercial court or before the arbitration hearing.
The Trustee shall be entitled to evaluate the use of the proceeds from the Issuance and the Public Offering of the Syariah Ijarah Bond by the Issuer, under the condition that the performance of such evaluation shall not reduce the obligations of the Issuer based on the Syariah Ijarah Bond or this Syariah Ijarah Bond Trustee Agreement.
If the Issuer exercises the Buy Back or Purchase option thus causing the full repayment of the Syariah Ijarah Bond, the Syariah Ijarah Bond Trustee Agreement shall then end and the Trustee’s fee shall no longer exist.
The said additional undertakings are set forth in the Addendum to the Syariah Ijarah Bond Trustee Agreement signed by the Issuer and the Trustee.
In the event the Trustee is in default or is in breach of its promises under the Syariah Ijarah Bond Trustee Agreement, then the provisions under Article 1267 of the Indonesian Civil Code shall apply, except for the rights of the Issuer to request a cancellation or termination of the Syariah Ijarah Bond Trustee Agreement.
The Trustee shall be entitled to request that a limited audit be carried out by an independent auditor registered with the Bapepam and appointed by the Trustee in relation to an alleged violation during the implementation against the provisions of Article 11 of the Syariah Ijarah Bond Trustee Agreement, providing that the said request shall be made based on sufficient evidences including a quarterly financial statement indicating that a violation of the said provision has been committed by the Issuer.