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iesy Repository GmbH - Irish Stock Exchange

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otherwise. The Trustee will be permitted to engage in other transactions; provided, however, that if it acquires any conflicting<br />

interest it must either eliminate such conflict within 90 days or resign.<br />

The Indenture sets out the terms under which the Trustee may retire or be removed, and replaced. Such terms will<br />

include, among others, (1) that the Trustee may be removed at any time by the Holders of a majority in principal amount of<br />

the then outstanding Notes, or may resign at any time by giving written notice to the Issuer and (2) that if the Trustee at any<br />

time (a) has or acquires a conflict of interest that is not eliminated, (b) fails to meet certain minimum limits regarding the<br />

aggregate of its capital and surplus or (c) becomes incapable of acting as Trustee or becomes insolvent or bankrupt, then the<br />

Issuer may remove the Trustee, or any Holder who has been a bona fide Holder for not less than six months may petition any<br />

court for removal of the Trustee and appointment of a successor Trustee.<br />

Any removal or resignation of the Trustee shall not become effective until the acceptance of appointment by the<br />

successor Trustee.<br />

Notices<br />

The Indenture provides for the indemnification of the Trustee in connection with its actions under the Indenture.<br />

All notices to Holders of each series of Notes will be validly given if mailed to them at their respective addresses in the<br />

register of the Holders of such Notes, if any, maintained by the Registrar. In addition, for so long as any of the Notes are<br />

listed on the Official List of the <strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong> and the rules of the <strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong> so require, notices, with<br />

respect to the Notes listed on the <strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong> will be published by delivery to the Companies Announcement Office<br />

in Dublin. In addition, for so long as any Notes are represented by Global Notes, all notices to Holders of the Notes will be<br />

delivered to Euroclear, Clearstream and DTC, each of which will give such notices to the holders of Book Entry Interests.<br />

Each such notice shall be deemed to have been given on the date of such publication or, if published more than once on<br />

different dates, on the first date on which publication is made, provided that, if notices are mailed, such notice shall be<br />

deemed to have been given on the later of such publication and the seventh day after being so mailed. Any notice or<br />

communication mailed to a Holder shall be mailed to such Person by first-class mail or other equivalent means and shall be<br />

sufficiently given to him if so mailed within the time prescribed. Failure to mail a notice or communication to a Holder or<br />

any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the<br />

manner provided above, it is duly given, whether or not the addressee receives it.<br />

Currency Indemnity and Calculation of Euro-denominated Restrictions<br />

In the case of (1) the Euro Notes, the euro and (2) the Dollar Notes, the dollar is the sole currency of account and<br />

payment for all sums payable by the Issuer or any Subsidiary Guarantor under or in connection with the Notes, including<br />

damages. Any amount received or recovered in a currency other than euro (in the case of Euro Notes) or dollar (in the case of<br />

Dollar Notes), whether as a result of, or the enforcement of, a judgment or order of a court of any jurisdiction, in the windingup<br />

or dissolution of the Issuer or any Subsidiary Guarantor or otherwise by any Holder of a Euro Note or Dollar Note, as the<br />

case may be, or by the Trustee, in respect of any sum expressed to be due to it from the Issuer or any Subsidiary Guarantor<br />

will only constitute a discharge to the Issuer or any Subsidiary Guarantor to the extent of the euro amount or dollar amount,<br />

as the case may be, which the recipient is able to purchase with the amount so received or recovered in that other currency on<br />

the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it<br />

is practicable to do so).<br />

If that euro amount is less than the euro amount expressed to be due to the recipient or the relevant Trustee under any<br />

Euro Note, or if the dollar amount is less than the dollar amount expressed to be due to the recipient or the Trustee under any<br />

Dollar Note, the Issuer and any Subsidiary Guarantor will indemnify them against any loss sustained by such recipient as a<br />

result. In any event, the Issuer and any Subsidiary Guarantor will indemnify the recipient against the cost of making any such<br />

purchase. For the purposes of this currency indemnity provision, it will be prima facie evidence of the matter stated therein<br />

for the Holder of a Note or the Trustee to certify in a manner satisfactory to the Issuer (indicating the sources of information<br />

used) the loss it Incurred in making any such purchase. These indemnities constitute a separate and independent obligation<br />

from the Issuer and any Subsidiary Guarantor’s other obligations, will give rise to a separate and independent cause of action,<br />

will apply irrespective of any waiver granted by any Holder of a Note or the Trustee (other than a waiver of the indemnities<br />

set out herein) and will continue in full force and effect despite any other judgment, order, claim or proof for a liquidated<br />

amount in respect of any sum due under any Note or to the Trustee.<br />

Except as otherwise specifically set forth herein, for purposes of determining compliance with any euro-denominated<br />

restriction herein, the Euro Equivalent amount for purposes hereof that is denominated in a non-euro currency shall be<br />

262

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