Consolidation and re-issuance of debt securities allowed subject to private placement, articles compatibility, fresh ratings and disclosures. An issuer may undertake consolidation and re-issuance of debt securities provided its articles of association do not contain provisions contrary to such consolidation and re-issuance, the issue is effected through private placement, fresh credit ratings are obtained and disclosed for each re-issuance, those ratings are periodically revalidated with changes disclosed, and appropriate disclosures about consolidation and re-issuance are made in the Term Sheet.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Consolidation and re-issuance of debt securities allowed subject to private placement, articles compatibility, fresh ratings and disclosures.
An issuer may undertake consolidation and re-issuance of debt securities provided its articles of association do not contain provisions contrary to such consolidation and re-issuance, the issue is effected through private placement, fresh credit ratings are obtained and disclosed for each re-issuance, those ratings are periodically revalidated with changes disclosed, and appropriate disclosures about consolidation and re-issuance are made in the Term Sheet.
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