Examples of Preference Certificates in a sentence
Any member of the Enlarged Group incurring, or the entry by any member of the Enlarged Group into any agreement or facility to obtain, any borrowing, advance, credit or finance or any other indebtedness or liability in the nature of borrowing, other than pursuant to the Finance Documents or the Subordinated Preference Certificates Instrument except for trade credit in the ordinary and normal course of trading or as provided for in the Annual Budget.
Copies of the duly executed Shareholders’ Agreement, the Intercompany Loan Agreemnts and the Subordinated Preference Certificates Instruments and confirmation that the Company has received the amounts referred to in paragraph 6 (Investor Documents) of part I of Schedule 2 (Conditions precedent to signing) and has contributed or on-lent the same to Newco.
Copies of the duly executed Shareholders’ Agreement, the Intercompany Loan Agreements and the Subordinated Preference Certificates Instruments and confirmation that the Company has received the amounts referred to in paragraph 6 (Investor Documents) of part I of Schedule 2 (Conditions precedent to signing) and has contributed or on-lent the same to Newco.
The proceeds of the Subordinated Intercompany Note Proceeds Loan and the Loan Premium will be applied by the Borrower only (a) to repay approximately $290,000,000 of principal on the Subordinated Preference Certificates and (b) to pay fees and expenses related to the offering of the Senior Discount Notes.