Examples of Existing Bondholders in a sentence
Existing Bondholders applying for Secured Bonds are to settle all or part of the amount due on the Secured Bonds applied for by the transfer to the Issuer of Existing Bonds held by them as at the Cut-Off Date, subject to a minimum holding of €2,000 Secured Bonds.
For as long as the indebtedness incurred under Bonds is larger than the Existing Bonds, the instructing party in connection with enforcement under the Intercreditor Agreement is the representative of those of the Bondholders and the Existing Bondholders, voting for the relevant decision, whose Senior Debt at that time aggregate more than 50 per cent.
ShaMaran’s major shareholders, Lorito Holdings SARL and Zebra Holdings and Investments SARL, companies owned by the Lundin Family Trust, have subscribed for $15.3 million of the Super Senior Bonds in accordance with the terms of their agreement with GEP to underwrite the Super Senior Bonds.2. On May 12, 2016 ShaMaran completed the issue of a total of 218,863,000 of its common shares to Existing Bondholders who elected to convert to shares a total of $18 million of Senior Bonds at face value.
The Consideration Shares are issued to the Existing Bondholders as consideration for the payment of the Company for the purchase of the Existing KSE Bonds.
The rationale of the Proposed Issuance of Consideration Shares in connection with the Proposed KSE Bond Purchase from the Existing Bondholders is to reduce the debt burden of the Group, eliminate the need for any cash repayment or payment in view of the current financial and cash position of the Group, provide for some level of stability to the Group and alleviate pressures faced by the Group on its cash flow.