Back to top

SUMMARY OF PERPETUAL DEPOSIT AGREEMENT

Account Control Agreement

SUMMARY OF PERPETUAL DEPOSIT AGREEMENT | Document Parties: INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LTD You are currently viewing:
This Account Control Agreement involves

INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LTD

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: SUMMARY OF PERPETUAL DEPOSIT AGREEMENT
Date: 7/15/2005

SUMMARY OF PERPETUAL DEPOSIT AGREEMENT, Parties: industrial development bank of israel ltd
50 of the Top 250 law firms use our Products every day

 

SUMMARY OF PERPETUAL DEPOSIT AGREEMENT                               EXHIBIT 4.4

 

 

     Pursuant to agreements (by way of exchange of letters) that were entered

into at various times between us and the Israeli Treasury, we deposited with the

Israeli Treasury the capital from the offerings of our preferred shares (C, CC,

CC1, D and DD). The total principal amount of perpetual deposits with the

Treasury was NIS 806.5 million, as of December 31, 2004, as compared with NIS

799.3 million, as of December 31, 2003. Pursuant to these agreements, we are

entitled, regarding the amounts so deposited, to receive dollar-interest at the

annual rate of 7.5% of the dollar value of the deposits (as of the date of their

deposit), which will be paid net to us by the Treasury, on the dates that we

will declare the payment of a dividend for the above preferred shares, in such

manner that after the payment of taxes and ot


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more