Perpetual Capital definition
Examples of Perpetual Capital in a sentence
Each Certificate will be numbered serially with an identifying number which will be recorded on the relevant Certificate and in the Perpetual Capital Securities Register, and will specify the nominal amount of Perpetual Capital Securities registered in the name of such holder(s) as at the time of issue of such Certificate.
A record of each payment made in respect of Perpetual Capital Securities represented by this Global Certificate will be endorsed on the appropriate part of Schedule B to this Global Certificate by or on behalf of the Registrar, which endorsement shall be prima facie evidence that such payment has been made in respect of the Perpetual Capital Securities.
As of the Effective Date, Higher Perpetual has been credited with having made the Higher Perpetual Capital Contribution of Higher Perpetual Contributed Assets by the execution and delivery of the Capital Contribution Agreement and such other transfer documents or instruments acceptable to the other Members and sufficient to convey, assign and transfer the assets constituting such Higher Perpetual Capital Contribution to the Company.
Any such dividend that is to be paid in Perpetual Capital Distributions shall be payable by delivery of such amounts to such holders at their respective addresses as they appear in the stock register.
At 10.00 a.m. (London time) (or such other time as may be agreed between the Managers and the Issuer) on the Issue Date, the Issuer shall issue and deliver to the Managers or their order in such place as the Managers may reasonably require a Global Certificate representing the Perpetual Capital Securities duly executed and authenticated.
Upon the expiry of such notice, the Society shall, subject to Condition 7.6, repay the Perpetual Capital Securities accordingly.
Accordingly, except as ordered by a court of competent jurisdiction or as required by applicable law or regulation, the Society, the Registrar and the Principal Paying Agent may deem and treat the Nominee as the absolute owner of the Perpetual Capital Securities represented by this Global Certificate for all purposes.
The Agency Agreement also contains provisions for the passing of resolutions, without the need for a meeting of Securityholders, by way of electronic consents communicated through the electronic communications systems of the relevant Clearing System(s) by or on behalf of Securityholders holding in aggregate not less than three-quarters of the aggregate nominal amount of Perpetual Capital Securities for the time being outstanding.
Title to the Perpetual Capital Securities passes only by registration in the Perpetual Capital Securities Register.
Once the Certificate representing the Perpetual Capital Securities to be cancelled has been received by the Principal Paying Agent, it will request the immediate cancellation of the Perpetual Capital Securities.