Examples of Preference Share Agent in a sentence
Each of the provisions of this clause 39 which, and to the extent it, confers rights on either Preference Share Agent constitutes a stipulation for the benefit of the relevant Preference Share Agent which may accept same at any time without giving any notice to the Company or to any Holder.
Administration expenses include all service provider expenses payable by the company per the Transaction Documents (as defined in the company's Memorandum of Incorporation), including Preference Share Agent, Security Custodian, the Calculation Agent and Account bank fees and expenses.
The Directors or members of Board committees shall be entitled to such remuneration for their services as Directors or members of Board Committees as may have been determined by MTN and the Preference Share Agent (or the Company and MTN if a Preference Share Agent is no longer appointed) from time to time.
The Company hereby irrevocably and unconditionally undertakes in favour of the Preference Share Agent, to pay, from its existing cash resources, and not from the proceeds of the issue of the Class C Subsequent Preference Shares, against presentation of a VAT invoice and regardless of whether this Agreement becomes unconditional or not, the amount of all costs, fees, expenses and disbursements (plus VAT on such amounts) incurred by (i) Xxxxxx Xxxxxx Sonnenbergs Inc.
The preference share dividends accrued (in arrears) are payable annually on 30 April and 30 September over the term of the preference shares, or such earlier date as many be agreed in writing by MTN Zakhele Futhi and the Preference Share Agent at least 5 (five) business days prior to 30 September of any year during the term of the preference shares.The MTN Zakhele Futhi preference shares are subject to a trigger event if the one-day VWAP of the MTN shares is R38 or less.
SSA may be replaced as administration agent if:• the Company requests its removal and has obtained written consent from the Preference Share Agent; or• SSA voluntarily resigns as administration agent, provided the Company has obtained the written approval of Sasol and the Preference Share Agent to a replacement administration agent.The administration agent is not entitled to receive any remuneration in respect of its services performed as an administration agent of the Company.
If certain market disruption events occur which, in relation to all or a specific Beneficiary, makes it impossible to determine JIBAR, or JIBAR does not reflect the costs of funding in relation to a Beneficiary, JIBAR (in respect of all the Holders) shall be determined by the Preference Share Agent in accordance with clause 6 of the A Preference Share Terms.
Relevant finance Documents”) the Preference Share Agent shall apply that payment as soon as reasonably practical in reduction of the payment obligations of the Issuer under the Relevant Finance Documents and on a pro rata basis to the Holders under the Relevant Finance Documents in such order of appropriation as the Preference Share Agent deems fit and has notified the Issuer.
Such calculations shall be performed on at least every Trading Day and the Security Agent shall furnish to Sasol, each of the Preference Share Agent, the Preference Shareholders and the Company at least on an annual basis all the calculations done in respect thereof during that year.
MTN agrees that, prior to the BIC2 Discharge Date, notwithstanding anything to the contrary contained herein, unless the New Preference Share Agent otherwise permits in writing, it may only cede and/or delegate its rights and/or obligations under this Agreement to an MTN Acceded Nominee.