Examples of Capital Market Indebtedness in a sentence
For the purpose of these Conditions of Issue "Capital Market Indebtedness" means any obligation to repay money that is borrowed through the issuance of bonds, notes or other debt securities which are capable of being listed or traded on a stock exchange or other recognised securities market; except as expressly provided above, it does not include any off-balance sheet assets and obligations.
Neither the Issuer nor the Guarantor shall create or permit to subsist any Encumbrance over all or any of its present or future revenues or assets (other than Permitted Encumbrances) to secure any present or future Capital Market Indebtedness issued or guaranteed by the Issuer or the Guarantor without making effective provision whereby the Securities shall be secured equally and ratably with such Capital Market Indebtedness so long as such Capital Market Indebtedness shall be so secured.
The Issuer undertakes vis-a-vis Dresdner Bank, until such time as principal and interest and Additional Amounts pursuant to Section 5, if any, have been completely placed at the disposal the Paying Agent, not to secure or have secured by mortgage, pledge or any other encumbrance upon its own assets any present or future Capital Market Indebtedness and any guarantee or indemnity given in respect thereof, unless this Issue at the same time shares pari passu and pro rata in such security.
The foregoing provision shall not apply to secured Capital Market Indebtedness which the Company may issue, assume, guarantee or permit to exist up to 5% of the consolidated net tangible assets as shown on the Company's most recent consolidated balance sheet at the time.
For purposes of these Terms and Conditions, Capital Market Indebtedness means any obligation for the payment of borrowed money which is evidenced by a certificate of indebtedness (Schuldscheindarlehen) or which is represented by any bond or debt security with an original maturity of more than one year which is, or is intended to be, or is capable of being listed or traded on a stock exchange or other recognized securities market.