Examples of Resale Facility in a sentence
The Company may pay a commission, procuration, application or issue fee or brokerage to any person or company in respect of subscribing for, underwriting the issue of, or obtaining issues of, or arranging the sale through the Resale Facility of, the Capital Bonds, and may issue any Capital Bond or Further Capital Bond at par or at a discount or premium to its Principal Amount.
Each Capital Bond purchased through the Resale Facility may, at the option of the Company, be held for resale or cancelled and, if cancelled, neither the Company nor the Supervisor will have any further liabilities or obligations in respect of that Capital Bond.
The Company shall pay, or shall procure that the Resale Facility Agent shall pay, to the relevant Bondholder the Principal Amount of all Capital Bonds sold through the Resale Facility as soon as practical after the sale date, but in any event not later than five Business Days after the Election Date.
Where a Bondholder holds less than the Minimum Holding on the Notification Date, that Bondholder will be deemed to have elected to sell all its Capital Bonds through the Resale Facility.
The Issuer may itself purchase or sell Bonds through the Resale Facility.
The Company may itself purchase any Capital Bond offered for sale under the Resale Facility.
All interest due on the Capital Bonds on the Election Date will be paid to the Bondholder whose name is on the register on the Record Date relating to the Election Date, whether or not the relevant Capital Bonds are sold through the Resale Facility.
The Company shall use reasonable endeavours to procure the purchase of any Capital Bonds offered under the Resale Facility but the Company is not obliged to purchase or procure the purchase of any such Capital Bonds offered.
If any Capital Bond offered for sale under the Resale Facility is not the subject of a binding agreement for sale and purchase (for delivery on the Election Date) by the Business Day preceding the Election Date (an Unsold Bond) the Company may on the Election Date redeem that Capital Bond in cash for the Principal Amount.
If Genesis Energy does not wish to purchase all Capital Bonds from those Bondholders that have rejected the New Conditions then Genesis Energy must declare that the Election Process has failed in which case the existing terms and conditions will continue to apply, all Capital Bonds will remain outstanding and any transfers arranged through the Resale Facility will be cancelled.