Examples of Junior Bond in a sentence
The Trustee shall promptly mail to registered Holders of Bonds, the Managing Underwriters and to all Bondholders who shall have filed their names and addresses with the Trustee for such purpose, written notice of the occurrence of any Event of Default or of the receipt by the Trustee of any notice under Section 205 of the acceleration of any Junior Bond.
Any Supplemental Indenture providing for the issuance of any Series of Junior Bonds shall make provision for the establishment of any Junior Bond Debt Service Account or Accounts and any Junior Bond Debt Reserve Account with respect to any or all Series of Junior Bonds and for the amounts of Net Revenues to be deposited in such Accounts (as provided in Section 504).
The Trustee shall apply amounts in the Junior Bond Debt Service Accounts and the Junior Bond Debt Reserve Accounts as required by, and in the priority established by, any Supplemental Indenture authorizing Junior Bonds.
Notwithstanding any limitation in this section, moneys held in any Junior Bond Debt Service Account or Junior Bond Debt Reserve Account shall be invested and reinvested by the Trustee as provided in the Supplemental Indentures providing for such Account or Accounts.
The amounts credited each January 1 and July 1 to the Debt Service Account and each Junior Bond Debt Service Account in excess of the credits required for the Debt Service Account and any Junior Bond Debt Service Account shall be a credit against the next deposit or deposits to that particular Account.
Valuation of Investment Securities held in the Funds, Accounts and Sub-Accounts established under this Indenture shall be made as often as may be necessary to determine the amounts held under this Indenture, except the valuation of Investment Securities held in the Debt Service Account and its Sub-Accounts, the Debt Reserve Account, any Junior Bond Debt Service Account and its Sub-Accounts and any Junior Bond Debt Reserve Account shall also be made on December 20 ofeach year.
Nonetheless, with letter dated 1 June 2021, the BaFin ordered Sun Contracting AG to cease any offering activities in Germany with respect to the Sun Contracting Registered Junior Bond 2020 pursuant to Article 37 para 1 KWG.
In the event of default, the bondholder would make claims against the issuer’s general wealth.• Senior Non-Preferred (Junior) Bond: This bond is not backed by collateral.
The value of the RPS is calculated using the amortised cost method based on the projected cash flows at the internal rate of return (“IRR”) associated to the RPS of 11.75% p.a. The salient features of the Junior Bond are as follows: (i) The Junior Bond have a tenure of 19.5 years from the date of issuance; and (ii) The Junior Bond’s coupon is calculated at a rate of 11.5% p.a., any interest on overdue and payable amount shall be payable at 1% p.a. plus the prescribed coupon of the Junior Bond.
The modernisation of equipment manufacturing industry of China depends on the development of its machine tool industry.