12.07.2015 Views

Emaar Sukuk Ltd XS0586840588 - London Stock Exchange

Emaar Sukuk Ltd XS0586840588 - London Stock Exchange

Emaar Sukuk Ltd XS0586840588 - London Stock Exchange

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

c103695pu030 Proof 7: 17.1.11 B/L Revision:Unless otherwise specified in the applicable Final Terms, Certificateholders will not be entitled toany payment for any delay after the due date in receiving the amount due if the due date is nota Payment Business Day, if the Certificateholder is late in surrendering its definitive TrustCertificate (if required to do so) or if a cheque mailed in accordance with this Condition arrivesafter the due date for payment.If the amount of any Dissolution Amount or Periodic Distribution Amount is not paid in fullwhen due, the Registrar will annotate the Register with a record of the amount of suchDissolution Amount or Periodic Distribution Amount in fact paid.10. AGENTS10.1 Agents of IssuerIn acting under the Agency Agreement and in connection with the Trust Certificates, the Agentsact solely as agents of the Issuer and (to the extent provided therein) the Trustee and do notassume any obligations towards or relationship of agency or trust for or with any of theCertificateholders.10.2 Specified OfficesThe names of the initial Agents and their initial specified offices are set out below. The Issuerreserves the right at any time to vary or terminate the appointment of any Agent and toappoint additional or other Agents provided, however, that:(a)(b)(c)(d)there will at all times be a Principal Paying Agent;there will at all times be a Registrar;so long as any Trust Certificates are admitted to listing, trading and/or quotation on anylisting authority, stock exchange and/or quotation system, there will at all times be aPaying Agent and a Transfer Agent having its specified office in such place (if any) as maybe required by the rules of such listing authority, stock exchange and/or quotation system;andthere will at all times be a Paying Agent in a Member State of the European Union that isnot obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/ECon the taxation of savings income or any law implementing or complying with, orintroduced to conform to, such Directive.Notice of any termination or appointment and of any changes in specified offices will be givento the Certificateholders promptly by the Issuer in accordance with Condition 18.11. CAPITAL DISTRIBUTIONS OF TRUST11.1 Scheduled DissolutionUnless the Trust Certificates are redeemed or cancelled earlier, each Trust Certificate will beredeemed on the Maturity Date at its Final Dissolution Amount together with any PeriodicDistribution Amount payable. Upon payment in full of such amounts and the dissolution of theTrust, the Trust Certificates shall cease to represent interests in the Trust Assets and no furtheramounts shall be payable in respect thereof and the Issuer and the Trustee shall have no furtherobligations in respect thereof.11.2 Early Dissolution for Tax ReasonsThe Trust Certificates may be redeemed at the option of the Issuer (with the prior writtenconsent of <strong>Emaar</strong>) in whole, but not in part:(a)(b)at any time (if the Floating Periodic Distribution Provisions are not specified in theapplicable Final Terms as being applicable); oron any Periodic Distribution Date (if the Floating Periodic Distribution Provisions arespecified in the applicable Final Terms as being applicable),on giving not less than 30 nor more than 60 days’ notice to the Certificateholders in accordancewith Condition 18 (which notice shall be irrevocable), at their Early Dissolution Amount (Tax),together with Periodic Distribution Amounts accrued (if any) to the Dissolution Date, if:62

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!