circumstance that trust instrument specified as a cause for dissolving REIT, or any other circumstance acknowledged in advance that may dissolve REIT [early]. Clause 3 The report under Clause 2 shall present the
Securities and Exchange Commission No. Sor Ror. 25/2558 Re: Entries and Contents of the Trust Instrument of Infrastructure Trusts ___________________ By virtue of Section 9 and 15 of the Trust for Transactions
. Notification of the Office of the Securities and Exchange Commission No. SorRor. 26/2555 Re: Provisions relating to Particulars, Terms and Conditions in a Trust Instrument of Real Estate Investment Trust
party serving as the trust manager under the trust instrument; “financial advisor” means a financial advisor in the list approved by the SEC Office; “registration statement” means the registration
possible, result in credit ratings that can be subjected to some form of objective validation based on historical experience. 1.2 Credit ratings should reflect all information known and believed to be
from either direct investment in an asset or indirect exposure through investment in an instrument or a contract that offers returns from the underlying, and as a result, exposes the fund to the risks of
estate development business, whether in the form of a company, trust, or any other form; “net exposure” means the net investment value, whether from direct or indirect investment in a financial instrument
material incidents which affect operation of REIT (Milestone) in the past year, for instance, increase of investment or asset disposal of REIT, modification of trust instrument, change in major lessees, and
should be rigorous, capable of being applied consistently, and, where possible, result in credit ratings that can be subjected to some form of objective validation based on historical experience. 1.2
rate than should have been. Describe the risk characteristics, causative incidents, possible impacts (specify numerically if applicable), tendency or possibility of such risks. In the case that the REIT