Specified Account. Upon exercise of Conversion Rights, a Noteholder shall in the relevant Conversion Notice, specify a U.S. dollar account with a bank in New York City to which any cash amount payable on or in respect of the exercise of Conversion Rights by that Noteholder shall be credited and the Issuer shall pay such sum to the relevant Noteholder in accordance with any such directions.
Appears in 2 contracts
Sources: Trust Deed (BMB Munai Inc), Trust Deed (Bema Gold Corp /Can/)
Specified Account. Upon exercise of Conversion Rights, a Noteholder shall in the relevant Conversion Notice, specify a U.S. dollar Dollar account with a bank in New York City to which any cash amount payable on or in respect of the exercise of Conversion Rights by that Noteholder shall be credited and the Issuer shall pay such sum to the relevant Noteholder in accordance with any such directions.
Appears in 2 contracts
Sources: Indenture (BMB Munai Inc), Indenture (BMB Munai Inc)