Examples of Series 2 Trust Notes in a sentence
RIGHT TO USE CAPACITY IN THE SOUTHERN CROSS CABLE NETWORKPROVISIONAL DEPRECIATION DETERMINATION PROV 9The Commissioner has issued Determination PROV 9: Tax Depreciation Rates Provisional Determination Number 9, which applies to the right to use capacity in the Southern Cross Cable Network.
No Series 2 Trust Notes or Series 3 Trust Notes in principal amounts of less than $100 will be so distributed and, where the number of such securities of InterRent Trust to be received by a Trust Unitholder would otherwise include a principal amount of less than a multiple of $100, that number shall be rounded to the next lowest multiple of $100 and the excess will be paid in cash.
The Series 2 Trust Notes andSeries 3 Trust Notes will then be distributed in satisfaction of the Aggregate Redemption Price.
The Trust shall be entitled to all interest paid on the Series 2 Trust Notes and Series 3 Trust Notes and income paid on other property being transferred up to and including the Transfer Date.
In such circumstances, the Trust shall require InterRent Trust to redeem Series 1 Trust Notes and InterRent Trust Units of a value determined by the Trustees to be equal to the product of the Redemption Price and the number of Trust Units being tendered for redemption (“Aggregate Redemption Price”) in consideration for the issuance to the Trust of Series 2 Trust Notes and Series 3 Trust Notes, respectively, with an aggregate principal amount equal to the Aggregate Redemption Price.