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Article: Elbit Imaging Ltd. Announces Replacement of Trustee for Series E Debentures, Subject to Court Approval.
- Article from:
- PR Newswire
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TEL AVIV, Israel, September 29 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. , announced today that Union Bank Trust Company Ltd. informed Elbit that, due to the sale of its corporate trust business to Clal Finance Trusts 2007 Ltd., it will resign as trustee for Elbit's Series E Debentures. The resignation will become effective pursuant to the terms of the Trust Deed dated September 10, 2007, entered into between Elbit and Union Bank Trust Company, subject to the appointment of an alternate trustee. Pursuant to an agreement entered into between Clal Finance Trusts 2007 Ltd. and Union Bank Trust Company, Clal Finance Trusts has agreed to serve as trustee to the debenture ...