Examples of Group Guarantor in a sentence
The obligations of the Group Guarantor under the Group Guarantee are direct, unconditional, unsubordinated and unsecured obligations of the Group Guarantor and claims under the Group Guarantee rank at least pari passu with all other present and future unsecured and unsubordinated obligations of the Group Guarantor, other than any obligations preferred by mandatory provisions of applicable law.
Each of the persons shown in the records of DTC, Euroclear or Clearstream, Luxembourg as the beneficial holder of a particular nominal amount of Covered Bonds represented by such Global Covered Bond must look solely to DTC, Euroclear or Clearstream, Luxembourg, as the case may be, for his share of each payment so made by the Issuer, the Group Guarantor or the LLP to, or to the order of, the holder of such Global Covered Bond (or the Bond Trustee, as the case may be).
The Issuer, the Group Guarantor or any of their respective subsidiaries (including the LLP) may at any time purchase or otherwise acquire Covered Bonds (provided that, in the case of Bearer Definitive Covered Bonds, all unmatured Receipts, Coupons and Talons appertaining thereto are attached thereto or surrendered therewith) at any price in the open market either by tender or private agreement or otherwise.
Diposal of investment in GOLD which has engaged in the residential property business and application of the proceeds received (after deduction of all relevant expenses, tax and required legal rsereve) for investing in other businesses that could result in synergistic benefits with the existing ones including property, property-related, energy, production, trading and services businesses and etc.
Receipts presented without the Bearer Definitive Covered Bond to which they appertain and unmatured Receipts do not constitute valid obligations of the Issuer, the Group Guarantor or the LLP.
Such Covered Bonds may be held, reissued, resold or, at the option of the Issuer, the Group Guarantor or the relevant subsidiary, surrendered to any Paying Agent and/or the Registrar for cancellation (except that any Covered Bonds purchased or otherwise acquired by the LLP must immediately be surrendered to any Paying Agent and/or the Registrar for cancellation).
References to Euroclear, Clearstream, Luxembourg and/or DTC shall, whenever the context so permits, be deemed to include a reference to any successor operator and/or successor clearing system and/or any additional or alternative clearing system specified in the applicable Final Terms Document or as may otherwise be approved by the Issuer, the Group Guarantor, the Principal Paying Agent and the Bond Trustee.
Any discharge of the obligations of the Issuer and the Group Guarantor as the result of the payment of Excess Proceeds to the Bond Trustee shall be disregarded for the purposes of determining the liabilities of the LLP under the Covered Bond Guarantee in connection with this Condition 6.1.
Upon the assumption of the obligations of the Issuer or the Group Guarantor by such surviving or transferee company, the predecessor Issuer or Group Guarantor shall (subject to the provisions of the Trust Deed) have no further liabilities under or in respect of the Trust Deed or the outstanding Covered Bonds of each Series or any Coupons or Receipts appertaining thereto and the other Transaction Documents.
If an Asset Coverage Test Breach Notice has been served and not revoked on or before the Test Date following service of such Asset Coverage Test Breach Notice, then an Issuer Event of Default shall occur and the Bond Trustee shall be entitled (and, in certain circumstances, may be required) to serve an Issuer Acceleration Notice on the Issuer and the Group Guarantor.