Common use of Applicability of Sinking Fund Clause in Contracts

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established pursuant to Section 3.01 and this Article IV; provided, however, that, notwithstanding anything to the contrary in this Article IV, if any such terms of a series of Securities shall conflict with any provision of this Article IV, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.06.

Appears in 9 contracts

Samples: Indenture (Baxter International Inc), Baxalta Incorporated (Baxalta Inc), Indenture (Baxter International Inc)

AutoNDA by SimpleDocs

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established pursuant to Section 3.01 and this Article IVArticle; provided, however, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment,” ", and any payment in excess of such minimum amount provided for the by the terms of Securities of any series is herein referred to as an "optional sinking fund payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.063.05.

Appears in 4 contracts

Samples: Indenture (Kansas City Power & Light Co), Kansas City Power & Light Co, Consolidated Edison Inc

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established pursuant to Section 3.01 and this Article IVArticle; providedPROVIDED, howeverHOWEVER, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment"Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.06."Optional Sinking

Appears in 3 contracts

Samples: Finova Group Inc, Finova Group Inc, Finova Group Inc

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established pursuant to Section 3.01 and this Article IVArticle; provided, however, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment"Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment"Optional Sinking Fund Payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 4.064.05.

Appears in 2 contracts

Samples: Finova Group Inc, Finova Group Inc

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established pursuant to Section 3.01 and this Article IVArticle; provided, however, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment,” ", and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an "optional sinking fund payment.” ". If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.06.

Appears in 2 contracts

Samples: Eli Lilly (Lilly Eli & Co), Beneficial Corp

AutoNDA by SimpleDocs

Applicability of Sinking Fund. (a) Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established and this Article, except as otherwise specified pursuant to Section 3.01 and this Article IV; for Securities of such series, provided, however, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. (b) The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund paymentMandatory Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund paymentOptional Sinking Fund Payment.” If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.06.30

Appears in 1 contract

Samples: KEMPER Corp

Applicability of Sinking Fund. (a) Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities established pursuant to Section 3.01 shall be made in accordance with such terms of such series of Securities established and this Article, except as otherwise specified pursuant to Section 3.01 and this Article IV; IV for Securities of such series, provided, however, that, notwithstanding anything to the contrary in this Article IV, that if any such terms of a series of Securities shall conflict with any provision of this Article IVArticle, the terms of such series shall govern. (b) The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund paymentMandatory Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund paymentOptional Sinking Fund Payment.” If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 4.06.the

Appears in 1 contract

Samples: SmileDirectClub, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.