Tabreed 06 Prospectus - London Stock Exchange

More documents

Recommendations

Info

The audited annual financial statements will be available free of charge at the offices of the Issuer and Walkers SPV Limited. 68
TAXATION The following is a general description of certain tax considerations relating to the Certificates. It does not purport to be a complete analysis of all tax considerations relating to the Certificates. Prospective purchasers of Certificates should consult their tax advisers as to the consequences under the tax laws of the country of which they are resident for tax purposes of acquiring, holding and disposing of Certificates and receiving payments of profit, principal and/or other amounts under the Certificates. This summary is based upon the law as in effect on the date of this <strong>Prospectus</strong> and is subject to any change in law that may take effect after such date. United Kingdom Taxation The following paragraphs are based on the Issuer’s understanding of United Kingdom law and HM Revenue & Customs published practice as at the date hereof. They describe the United Kingdom withholding tax treatment of payments under the Certificates and the extent to which United Kingdom stamp duty and stamp duty reserve tax would be payable on the issue, transfer and redemption of the Certificates. The comments made below do not deal with other United Kingdom tax aspects of acquiring, holding or disposing of Certificates. Those comments are made on the basis of the following assumptions, that: (a) the Issuer is not resident in the United Kingdom for United Kingdom tax purposes; (b) no register of the Certificates is kept in the United Kingdom by or on behalf of the Issuer; and (c) no payment to the Certificateholders, including any Periodic Distribution Amount, has a United Kingdom source for United Kingdom tax purposes. Those comments relate only to the position of persons who are absolute beneficial owners of the Certificates. The following is a general guide and should be treated with appropriate caution. Certificateholders who are in any doubt as to their tax position should consult their professional advisers. Certificateholders who may be liable to taxation in jurisdictions other than the United Kingdom in respect of their acquisition, holding or disposal of the Certificates are particularly advised to consult their professional advisers as to whether they are so liable (and if so under the laws of which jurisdictions), since the following comments relate only to certain United Kingdom taxation aspects in respect of the Certificates. In particular, Certificateholders should be aware that they may be liable to taxation under the laws of other jurisdictions in relation to payments in respect of the Certificates even if such payments may be made without withholding or deduction for or on account of taxation under the laws of the United Kingdom. United Kingdom Withholding Tax Periodic Distribution Amounts will be payable without withholding or deduction for or on account of United Kingdom tax. Information Reporting Certificateholders who are individuals may wish to note that where any Periodic Distribution Amount is paid to them (or to any person acting on their behalf) in respect of the Certificates by the Issuer, or paid by any person in the United Kingdom acting on behalf of the Issuer (a paying agent), or is received by any person in the United Kingdom acting on behalf of the relevant Certificateholder (other than solely by clearing or arranging the clearing of a cheque) (a collecting agent), then the Issuer or a paying agent (as the case may be) may, in certain cases, be required to supply to HM Revenue & Customs details of the payment and certain details relating to the Certificateholder (including the Certificateholder’s name and address). These provisions will apply whether or not the payment has been paid subject to withholding or deduction for or on account of United Kingdom income tax and whether or not the Certificateholder is resident in the United Kingdom for United Kingdom tax purposes. Where the Certificateholder is not so resident, the details provided to HM Revenue & Customs may, in certain cases, be passed by HM Revenue & Customs to the tax authorities of the jurisdiction in which the Certificateholder is resident for taxation purposes. 69
Page 1 and 2:
TABREED 06 FINANCING CORPORATION (i
Page 3 and 4:
Table of Contents Page STRUCTURE DI
Page 5 and 6:
above, the Dissolution Distribution
Page 7 and 8:
OVERVIEW OF THE OFFERING This follo
Page 9 and 10:
‘‘Margin’’ means 1.25 per c
Page 11 and 12:
Redemption for Tax Reasons accordan
Page 13 and 14:
Lease Agreement Date. The balance s
Page 15 and 16:
(d) fourth, only if such payment is
Page 17 and 18: Governing Law The Declaration of Tr
Page 19 and 20: Legionnaire’s Disease Tabreed is
Page 21 and 22: Enforcement of Liabilities Ultimate
Page 23 and 24: TERMS AND CONDITIONS OF THE CERTIFI
Page 25 and 26: 3 Status - Limited Recourse 3.1 Sta
Page 27 and 28: 4.3 Late Payment Amounts Received I
Page 29 and 30: (i) the amount of any liability in
Page 31 and 32: (d) if LIBOR cannot be determined i
Page 33 and 34: 8.6 Agents act solely as agents of
Page 35 and 36: ‘‘Total Loss Event’’ means
Page 37 and 38: 13.2 The Trustee shall not be bound
Page 39 and 40: 19 Governing Law and Submission to
Page 41 and 42: transferred into the names of holde
Page 43 and 44: Issuer. Unless otherwise agreed, th
Page 45 and 46: Under the Lease Agreement, if Tabre
Page 47 and 48: USE OF PROCEEDS The proceeds of the
Page 49 and 50: * Manufacturing: Tabreed, in conjun
Page 51 and 52: * High barriers to entry. District
Page 53 and 54: Detailed customer profile of plants
Page 55 and 56: Contractual Overview Contracts for
Page 57 and 58: Servicing Ian Banham and Associates
Page 59 and 60: Tabreed Bahrain is setting up its f
Page 61 and 62: Plants Expected Commissioning Date
Page 63 and 64: * Dany Safi, Chief Executive Office
Page 65 and 66: Marketing district cooling services
Page 67: TABREED 06 FINANCING CORPORATION In
Page 71 and 72: THE UNITED ARAB EMIRATES The UAE is
Page 73 and 74: The growth of Dubai began in the ea
Page 75 and 76: Saudi Arabia Any investor in the Ki
Page 77 and 78: GENERAL INFORMATION 1. It is expect
Page 79 and 80: FINANCIAL INFORMATION AED Interim C
Page 81 and 82: ERNST &YOUNG P.O. Box 136 11th Floo
Page 83 and 84: NATIONAL CENTRAL COOLING COMPANY (P
Page 91 and 92: ERNST &YOUNG P.O. Box 136 11th Floo
Page 119 and 120:
National Central Cooling Company PJ
Page 121 and 122:
NATIONAL CENTRAL COOLING COMPANY (P
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Registered/Head Office of the Issue
show all

Tabreed 06 Prospectus - London Stock Exchange

Create successful ePaper yourself

Delete template?

Save as template?