Common use of Reporting to the Trustee Clause in Contracts

Reporting to the Trustee. 27.1 For as long as all of the Bonds have not been repaid, the Company shall prepare and deliver to the Trustee: 27.1.1 audited financial statements of the Company for the fiscal year ending on the 31st of December of the past year, immediately after the Company publishes them. The publication of these statements on Magna by the Company shall be deemed delivery of the reports to the Trustee. 27.1.2 every publication of the Company’s financial results, immediately after the Company publishes them. Such publication on Magna by the Company shall be deemed delivery of the reports to the Trustee. 27.1.3 a copy of every document that the Company forwards to the Bondholders; 27.1.4 a report of any revision of the rating of the Bonds or about any withdrawal of the rating. The Trustee shall be obligated to notify the Bondholders of any revision of the rating of the Bonds or of any such withdrawal of rating. 27.2 In the instance whereby the Company shall cease to report in conformity with section E.3 of the Law (as well as in conformity with the provisions of section F. of the Law), the Company shall prepare and issue financial statements to the Trustee on the dates and in the format applicable to the Company pursuant to the provisions of section E.3 of the Law.