Examples of Bondholder Agreement in a sentence
The bonds were initially issued in a weekly interest rate mode and remained in a weekly mode until February 3, 2017, when the Series 2008A-1b Bonds were mandatorily tendered, converted to an index mode and remarketed to RBC Municipal Products, LLC, to be held for a period of three years ending February 3, 2020, pursuant to the terms of a Bondholder Agreement dated as of February 3, 2017.
Any notice required to be given to Bondholders shall also be given to the Credit Facility Providers (if any) and, during a Term Indexed Mode while a Bondholder Agreement is in effect, the Bondholder Representative.
On the effective date of this Bond Indenture, the Trustee shall cause the Bonds to be transferred by the Securities Depository to and registered in the name of the Bondholders or their nominees as, and in the respective aggregate principal amounts, specified in the initial Bondholder Agreement.
The parties hereto shall have received a copy of a fully executed corresponding amendment to the Bondholder Agreement, which shall include therein the consent of the Bondholder Representative and the Bondholders to this Amendment and a direction to the Trustee to execute this Amendment.
The Trustee shall promptly give written notice by Electronic Means while a Bondholder Agreement is in effect and otherwise by first class mail to the Bondholders, the Bondholder Representative (if any), the Liquidity Facility Providers (if any) and the Credit Facility Providers (if any) of the occurrence of an Event of Default, if the Trustee has actual knowledge of such Event of Default, and of the giving of any notice under Section 7.01D.
Where the Loan Agreement provides for notice to Bondholders of any event, a copy of such notice shall be given in writing and mailed, first-class postage prepaid, to the Bondholder Representative, at the address of the Bondholder Representative specified in the Bondholder Agreement, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice to Bondholders, whenever such Bonds are in a Term Indexed Mode and a Bondholder Agreement therefor is in effect.
While acting under such appointment, the Bondholder Representative (if any) shall be entitled to the protections and limitations of liability afforded the Trustee under Article VIII with respect thereto, including without limitation Section 8.03, except to the extent inconsistent with the Bondholder Agreement.
Notwithstanding the foregoing paragraph, during the initial Interest Period in the Initial LIBOR Term Indexed Mode (and for any Interest Period thereafter while the initial Bondholder Agreement is in effect), the Bondholder Representative (if any) is hereby irrevocably appointed and granted authority to exercise all powers, to take all actions, and to have all the rights as are granted to the Trustee in the foregoing paragraph.
The execution and delivery by the Authority of the Bondholder Agreement is hereby ratified, confirmed and approved.
It is for these reasons that Oslo Børs has emphasised the importance of respecting the voting mechanisms set out in the Bondholder Agreement and the bondholders’ meeting as the right forum for making the final decision as to whether or not amendments to the Bondholder Agreement are acceptable.