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JPMorgan - KASE

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necessary to ensure that article 7:403 subsection 2 of the Dutch Civil Code does not apply; and (i)<br />

the Issuer must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each<br />

stating that all conditions precedent provided for relating to the Legal Defeasance or the<br />

Covenant Defeasance have been complied with.<br />

Indemnification for Judgment Currency Fluctuations<br />

The obligations of the Issuer and any Guarantor to any Holder of Notes shall, notwithstanding<br />

any judgment in a currency (the “Judgment Currency”) other than U.S. dollars (the “Agreement<br />

Currency”), be discharged only to the extent that on the day following receipt by such Holder of<br />

Notes or the Trustee, as the case may be, of any amount in the Judgment Currency, such Holder<br />

of Notes or the Trustee may in accordance with normal banking procedures purchase the<br />

Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so<br />

purchased is less than the amount originally to be paid to such Holder of Notes or the Trustee, as<br />

the case may be, in the Agreement Currency, the Issuer and the Guarantors agree, as a separate<br />

obligation and notwithstanding such judgment, to pay the difference and if the amount of the<br />

Agreement Currency so purchased exceeds the amount originally to be paid to such Holder of<br />

Notes or the Trustee, as the case may be, such Holder of Notes or the Trustee, as the case may be,<br />

agrees to pay to or for the account of the Issuer such excess, provided that such Holder of Notes<br />

or the Trustee, as the case may be, shall not have any obligation to pay any such excess as long as<br />

a Default by the Issuer or any Guarantor in its obligations under the Notes, a Guarantee or the<br />

Indenture has occurred and is continuing, in which case such excess may be applied by such<br />

Holder of Notes or the Trustee, as the case may be, to such obligations. For the purposes of this<br />

paragraph, it will be sufficient for the Holder to certify that it would have suffered a loss had an<br />

actual purchase of U.S. Dollars been made with the amount so received in that other currency on<br />

the date of receipt or recovery (or, if a purchase of U.S. Dollars on such date had not been<br />

practicable, on the first date on which it would have been practicable). To the extent permitted<br />

by applicable law, these indemnities shall constitute a separate and independent obligation from<br />

the Issuer’s or any Guarantor’s other Obligations, shall give rise to a separate and independent<br />

cause of action, shall apply irrespective of any indulgence granted by any Holder and shall<br />

continue in full force and effect despite any other judgment, order, claim or proof for a<br />

liquidated amount in respect of any sum due under any note or any other judgment or order.<br />

Amendment, Supplement and Waiver<br />

Except as provided in the next two succeeding paragraphs, the Indenture or the Notes may be<br />

amended or supplemented with the consent of the Holders of at least a majority in principal<br />

amount of the Notes then outstanding (including consents obtained in connection with a tender<br />

offer or exchange offer for Notes), and, subject to certain exceptions, any existing default or<br />

compliance with any provision of the Indenture or the Notes may be waived with the consent of<br />

the Holders of a majority in principal amount of the then outstanding Notes (including consents<br />

obtained in connection with a tender offer or exchange offer for Notes). In determining whether<br />

the Holders of the required principal amount of Notes have concurred in any direction, waiver or<br />

consent, Notes owned by the Issuer or any of its Affiliates will be considered as though not<br />

outstanding.<br />

Without the consent of each Holder affected, an amendment or waiver may not (with respect to<br />

any Notes held by a non-consenting Holder): (a) reduce the principal amount of Notes whose<br />

Holders must consent to an amendment, supplement or waiver, (b) reduce the rate of or change<br />

the time for payment of interest on any note, (c) reduce the principal of or change the fixed<br />

maturity of any Note, (d) waive a Default or Event of Default in the payment of principal of or<br />

premium, if any, or interest on the Notes (except a rescission of acceleration of the Notes by the<br />

Holders of at least a majority in aggregate principal amount of the Notes and a waiver of the<br />

payment default that resulted from such acceleration), (e) make any note payable in money<br />

other than that stated in the Notes, (f) make any change in the provisions of the Indenture<br />

relating to waivers of past Defaults or the rights of Holders of Notes to receive payments of<br />

principal of or premium, if any, or interest on, or any other amounts due in respect of, the Notes,<br />

118

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