83,229
edits
Covenant to pay: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) (Created page with "{{a|repack|}}You might wonder what this is all about, especially if you encounter it wrought from the inscrutable curled iron prose of a magic circle capital markets swat team...") Tags: Mobile edit Mobile web edit |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
| Line 1: | Line 1: | ||
{{a|repack|}}You might wonder what this is all about, especially if you encounter it wrought from the inscrutable curled iron prose of a magic circle capital markets swat team. | {{a|repack|{{subtable|{{repackprov|Covenant to pay}} in a {{nutshell}} | ||
The Issuer must unconditionally pay principal when it becomes due in the Contractual Currency, with interest, as set out in the Conditions. | |||
The Issuer can satisfy that obligation by payment to the Issuing and Paying Agent, provided the Issuing and Paying Agent then pays Noteholders. | |||
The Trustee holds this covenant on trust for the Noteholders.}}You might wonder what this is all about, especially if you encounter it wrought from the inscrutable curled iron prose of a magic circle capital markets swat team. | |||
So I think it is this. This is reverse engineering logic from text... | So I think it is this. This is reverse engineering logic from text... | ||