Covenant to pay: Difference between revisions

Covenant to pay (view source)

2 bytes added , 31 October 2022

no edit summary

82,896

edits

@@ Line 4: / Line 4: @@
 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.
+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...