Examples of New Trading Co Bonds in a sentence
For the avoidance of doubt, New Trading Co Bonds issued in lieu of interest shall be redeemable at par.
Redemption Date Redemption Price On any date in the period from the issue date of the New Trading Co Bonds (the "Restructuring Effective Date") to the date that is one day prior to the date that is 13 months after the Restructuring Effective Date (the "First Call Period").
New Trading Co Bonds that are offered and sold outside of the United States in reliance on Regulation S to be issued in the form of a Regulation S global note.
Euroclear / Clearstream New Trading Co Bonds that are offered and sold to QIBs or institutional accredited investors to be issued in the form of a Rule 144A global note or IAI global note, respectively.
The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the intercreditor principles set out in the Intercreditor Principles Term Sheet.
Interest: Cash Pay or Pay-in- Kind Up to 50% of the interest accrued on the New Trading Co Bonds on each of the first two Interest Payment Dates to occur after the Restructuring Effective Date may be capitalised, at the option of Trading Co. Thereafter, all interest on the New Trading Co Bonds shall be paid in cash.
The New Trading Co Bonds may be prepaid, at the option of Trading Co, in whole or in part (in an amount not less than US$1,000,000 in aggregate principal amount) at the applicable Redemption Price specified below together with interest accrued thereon to the date of such prepayment (if any) determined for the prepayment date with respect to such principal amount.
Denominations The New Trading Co Bonds will be issued in the form of one or more global notes in registered form in denominations of USD150,000 and in integral multiples of USD1 in excess thereof.
If, on any date, all or any part of the NAC and NAGP Escrows is received by New Noble or any of its subsidiaries, such amount shall be applied in redemption of the New Trading Co Bonds at par plus accrued interest to the date of redemption.
Trading Co shall not directly or indirectly (i) purchase any New Trading Hold Co Bonds, or (ii) lend or otherwise advance or distribute to Trading Hold Co, any amounts (including for the purpose of paying regularly scheduled interest or capitalised interest) until the date (the "Relevant Date") on which Trading Co has redeemed USD110,000,000 in aggregate principal amount of the New Trading Co Bonds by way of optional or mandatory redemption.