Tabreed 06 Prospectus - London Stock Exchange

Investments (or part thereof) from time to time to enable it to pay instalments falling due under the
Istisna’a Agreement.
Service Agency Agreement
Under the terms of the Service Agency Agreement, the Service Agent will, inter alia, be responsible
on behalf of the Issuer for the performance of all Major Maintenance in respect of the Delivered
Plants, payment of plant ownership taxes and the procuring of insurances in accordance with good
industry practices as of the Closing Date.
Following the occurrence of a Total Loss Event, if the proceeds of any insurances received in respect
of such Total Loss Event are less than the applicable Base Amount, such event shall constitute
evidence that the Service Agent has failed to perform its obligations to insure under this Agreement
and shall therefore be liable to pay to the Lessor an amount equivalent to the shortfall between any
amounts received from the insurers and the Exercise Price payable under the Purchase Undertaking
unless the Service Agent proves otherwise.
Tax Gross-up
All payments by Tabreed, or the Issuer, as the case may be, under the Transaction Documents or in
respect of the Certificates are to be made without withholding or deduction for or on account of
Taxes, unless the withholding or deduction of 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, such additional amounts so that (i) the Issuer will receive the full amount which
otherwise would have been due and payable under the relevant agreement or deed and (ii) the
Certificateholders will receive the full amount which otherwise would have been due and payable
under the Certificates.
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