Under the terms of the Trinidad Depository Agreement, read as a whole in order to effectuate its purpose, the failure to deposit project revenues into the Trinidad Revenue Account constituted a breach of the agreement. However, with regard to the alleged failure to notify bondholders or rating agencies of a default, the terms of the Indenture did not require defendant to act unless it had written notice of default. There is no allegation of such notice. Section 9.3 of the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.