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Additional Portfolio Assets Sale Undertaking Deed.pdf

🔗 Source: isdb.org

📊 Size: 662 KB

👤 Author: Dentons

⬇️ Downloads: 40

Summary

The Islamic Development Bank (IsDB) has entered into an Amended and Restated Additional Portfolio Assets Sale Undertaking Deed with IDB Trust Services Limited and IsDB Trust Services No.2 SARL as trustees. The deed is related to the U.S.$25,000,000,000 Trust Certificate Issuance Programme, which allows the trustees to issue trust certificates in series. The IsDB will create a portfolio of assets for each series, comprising tangible and intangible assets, and grants the trustees the right to require the IsDB to sell its rights, title, interest, and benefit in certain additional portfolio assets under specified circumstances. The deed includes terms and conditions for the exercise of this right, notices, and dispute resolution, and is governed by the laws of the respective jurisdictions of the parties involved.

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Description

The Islamic Development Bank (IsDB) has entered into an Amended and Restated Additional Portfolio Assets Sale Undertaking Deed with IDB Trust Services Limited...

Technical Information

File Format: PDF
File Size: 662 KB
Pages: 22
Language: EN
Author: Dentons
Total Downloads: 40
Last Updated: 3 months ago

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