Assertion: debt instrument | /r/HasProperty | conditional
Facets:
value: on the solvency of such issuer
type: TRANSITIVE-OBJECT
Source sentences:
text: The hybrid debt rules may be triggered by subordinated debts, i.e. where the terms of an instrument in issue are such that the obligation of the issuer to make payment of any amount owing in respect of that instrument is conditional on the solvency of such issuer.
text: Provided that, where the company has the right to convert that instrument to, or exchange that instrument for, a financial instrument other than a share, that conversion or exchange will be deemed to be an arrangement in respect of that instrument; the company is in that year of assessment entitled to convert or exchange that amount (or any part thereof) in any year of assessment for shares in that company or in any other company that forms part of the same group of companies as that company; or the obligation to pay an amount in respect of that instrument is conditional upon the market value of the assets of the company not being less than the liabilities of the company.
text: The hybrid debt rules may be triggered by subordinated debts, ie where the terms of an instrument in issue are such that the obligation of the issuer to make payment of any amount owing in respect of that instrument is conditional on the solvency of such issuer.