What are the contentment of debenture certificate?
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FIRST SCHEDULE TO DEED OF TRUST – DEBENTURE CERTIFICATE
FIRST SCHEDULE TO DEED OF TRUST – DEBENTURE CERTIFICATEBLUE SQUARE – ISRAEL LTD.
Registered Debenture (Series B) of NIS 1 par value each
Registered Debenture (Series B) of NIS 1 par value each(out of a series of NIS 200,000,000 par value Debentures (Series B))
Number ____________ Nominal Amount ______________
1. This certificate witnesses that Blue Square – Israel Ltd. (hereinafter: “the Company”) will pay ________________, or whoever is a registered holder for the time being of this Debenture, the amount of the principal of __________ new shekels in 3 equal installments on the 5th day of August of each of the years 2007, 2009 and 2011 (inclusive).
2. The principal of the Debentures will bear annual interest at a rate of 5.9%, and will be paid once every six months on the 5th day of the months of February and August each year in respect of the six-month period ended on the last day preceding such date. The first interest payment will be made on February 5, 2004 (in respect of the period from the date of the payment in respect of the Debentures (Series B) and up to such date), and the last payment will be made together with the last payment on account of the principal. The principal and the interest will be linked to the Consumer Price Index published on July 15, 2003 in respect of the month of June 2003, as stated in the conditions recorded overleaf.
3. The Debentures (Series B) will be convertible at any time, commencing from the date of allotment thereof and up to July 20, 2011 (inclusive), except between January 20 until February 5 (inclusive) and between July 20 and August 5 (inclusive) of each of the years 2004 until 2011 (inclusive), into registered ordinary shares of NIS par value each of the Company, on a basis that every NIS 49.5 par value of Debentures (Series B) shall be convertible into one ordinary share of NIS 1 par value of the Company (hereinafter: “the Conversion Price”), subject to the conditions and the adjustments set forth in the Deed of Trust and the appendices and schedules thereto.
4. The Debentures of this series are issued in accordance with a deed of trust dated August 5, 2003, made and entered into between the Company, of the one part, and Israel Discount Bank Trust Company Ltd., as trustee, of the other part (hereinafter: “the Deed of Trust”).