Tabreed 06 Prospectus - London Stock Exchange

Certificateholder together with the other Certificateholders who
propose to proceed directly against Tabreed) holds at least 25 per
cent. of the aggregate face amount of the Certificates then
outstanding.
The foregoing paragraphs are subject to the following. After
enforcing or realising such Trust Assets and distributing the net
proceeds in accordance with Condition 4.2, the obligations of the
Trustee in respect of the Certificates shall be satisfied and no holder
of the Certificates may take any further steps against the Trustee to
recover any further sums in respect of such Certificates and the
right to receive any such sums unpaid shall be extinguished.
Withholding Tax All payments under the Transaction Documents shall be made
without withholding or deduction for, or on account of, any taxes,
levies, imposts, duties, fees, assessments or other charges of
whatever nature, imposed or levied by or on behalf of any
Relevant Jurisdiction (as defined in Condition 10), and all interest,
penalties or similar liabilities with respect thereto (‘‘Taxes’’), unless
the withholding or deduction of the Taxes is required by law. In
such event, (a) where Tabreed is required to make such a
withholding or deduction, Tabreed will be required, pursuant to
the relevant Transaction Document, to pay to the Issuer, and/or (b)
where the Issuer is required to make such a withholding or
deduction, the Issuer will be required to pay in respect of the
Certificates, additional amounts (which amounts will be applied
towards payments in respect of the Certificates) so that, subject to
certain exceptions, the full amount which otherwise would have
been due and payable under the Certificates is received by parties
entitled thereto. See Condition 10.
Use of Proceeds The proceeds of the issue of the Certificates will be used by the
Issuer purchase and/or invest in Assets, Authorised Investments
and Commodities all in accordance with the terms of the
Transaction Documents.
Listing Application has been made to the UK Listing Authority for the
Prospectus to be approved as a prospectus for the purposes of the
Prospectus Directive and for the Certificates to be admitted to the
Official List and to the London Stock Exchange for such
Certificates to be admitted to trading on the Market.
Certificateholders’ Meetings A summary of the provisions for convening meetings of the
Certificateholders to consider matters relating to their interests as
such are set forth in Condition 16.
Transaction Documents The ‘‘Transaction Documents’’ are the Certificate Purchase
Agreement, the Agency Agreement, the Declaration of Trust, the
Istisna’a Agreement, the Lease Agreement, the Purchase
Undertaking, the Service Agency Agreement, the Commodities
Purchase Agreement, the Undertaking to Purchase (Commodities),
the Costs Undertaking, the Investment Agreement, the Corporate
Services Agreement, the Certificates, and any other agreements and
documents delivered or executed in connection therewith (each as
defined in the Declaration of Trust).
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