Examples of Trading Hold Co in a sentence
Th e FD IC w ill als o req u ire th at is su es of p erp etu al p referred s to ck b e co n s is te n t w ith safe an d soun d ban king p ractice s .
No notice whether to third parties or by attaching a notice to the fixed assets or otherwise shall be prepared or given unless an Acceleration Event has occurred and the Common Security Agent or the Trading Hold Co Security Agent (as applicable) so requests for such notice to be prepared and given.
Trading Hold Co Share charge over all of the shares in Trading Hold Co, assignment of all receivables owing by Trading Hold Co to its immediate parent and security over all assets of Trading Hold Co (second ranking with respect to share security over Trading Co and intercompany receivables owing by Trading Co to Trading Hold Co).
If required under local law, General Security or Trading Hold Co Security over fixed assets will be registered subject to the general principles set out in these Security Principles.
To the extent any member of the Trading Hold Co Group grants General Security or Trading Hold Co Security over its fixed assets it shall be free to deal with those assets in the course of its operations and business and in compliance with the Debt Documents until an Acceleration Event has occurred.
If required under local law, General Security or Trading Hold Co Security over such intercompany receivables will be registered subject to the general principles set out in these Security Principles.
The projections and the timescale for the Meridian Water development are provisional at this time, although these will be confirmed as the proposals are defined and the programme for the development of the new housing is agreed.
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.
To the extent General Security or Trading Hold Co Security is granted by a member of the Trading Hold Co Group over its bank accounts (other than a Borrower Cash Collateral Account), it shall be (unless expressly provided otherwise in the Debt Documents) free to deal with those bank accounts in the course of its operations and business until an Event of Default has occurred.
IssuerTrading Hold CoPrincipal AmountUSD270,000,000Issue Price100%Maturity Date7 years after the Restructuring Effective DateInterest5% per annum for the first 18 months 9.75% per annum thereafterInterest to be pay-if-you-can in cash (and if not paid in cash, to be paid in kind)Interest Payment DatesInterest on the New Trading Hold Co Bonds to be payable/capitalised semi-annually in arrears on interest payment dates to be agreed.