Group Issuers definition
Examples of Group Issuers in a sentence
In case of the Calculation Period ending on September 30, such testing shall be done no later than 60 (sixty) days from the completion of the relevant Calculation Period, based on limited review financial statements (viz management accounts) of the Group Issuers for the trailing 12 months of the Calculation Period.
In case of the Calculation Period ending on March 31, such testing shall be done no later than 60 (sixty) days from the completion of the relevant Calculation Period, based on the annual audited financial statements of the Group Issuers in respect of the Calculation Period.
It is clarified that if any one Group Issuer chooses to exercise its right to prepay, all the other Group Issuers shall be bound to prepay their respective Group Issuer Debentures and Group Issuer Amounts Due.
The Issuer acknowledges and agrees that in case the aggregate generation across the Group Issuers falls below P90 for 2 (two) consecutive years or falls by more than 5% of P90 in any 1 (one) year (as per latest EYA report), the Debenture Holders shall have a right to cause the Group Issuers to appoint an independent engineer to undertake site visits and inspection including aerial thermography of modules.