Common use of Authorization of Issue of Shelf Notes Clause in Contracts

Authorization of Issue of Shelf Notes. The Company may authorize the issue of its additional senior promissory notes (the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of $75,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Note, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Note delivered pursuant to Section 2.2(e), to be substantially in the form of Exhibit 1-B attached hereto.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Arch Chemicals Inc), Note Purchase and Private Shelf Agreement (Arch Chemicals Inc)

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Authorization of Issue of Shelf Notes. The Company may authorize the issue and sale of its additional senior promissory notes (as amended, restated, supplemented or otherwise modified from time to time, the “Shelf Notes”, such term to include any such notes issued in substitution thereof therefor pursuant to Section 13) in the aggregate principal amount of $75,000,000), to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 15 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven years after the date of original issuance thereof15 years, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2B(5), and to be substantially in the form of Exhibit 1-B attached hereto.A. The terms “Note” and “

Appears in 1 contract

Samples: Private Shelf Agreement (McGrath Rentcorp)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue and sale of its additional senior promissory notes (as amended, restated, supplemented or otherwise modified from time to time, the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of up to $75,000,000100,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 12 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2B(5), and to be substantially in the form of Exhibit 1-B attached hereto.A-2. The terms “

Appears in 1 contract

Samples: Private Shelf Agreement (McGrath Rentcorp)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue and sale of its additional senior promissory notes (as amended, restated, supplemented or otherwise modified from time to time, the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of up to $75,000,000100,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 8 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2B(5), and to be substantially in the form of Exhibit 1-B attached hereto.A-4. The terms “

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (LTC Properties Inc)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue of its additional senior promissory notes (the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of $75,000,00050,000,000 (including the equivalent in the Available Currencies), to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten (10) years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven ten (10) years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e), and to be substantially in the form of Exhibit 1-B A-3 attached hereto.. The terms “

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (West Pharmaceutical Services Inc)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue of its additional senior promissory notes (the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of $75,000,00055,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Note delivered pursuant to Section 2.2(e2.2(f), to be substantially in the form of Exhibit 1-B attached hereto.-1-

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (MGP Ingredients Inc)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue and sale of its additional senior promissory notes (as amended, restated, supplemented or otherwise modified from time to time, the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of up to $75,000,00050,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 7 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2B(5), and to be substantially in the form of Exhibit 1-B attached hereto.A-3. The terms “

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (LTC Properties Inc)

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Authorization of Issue of Shelf Notes. The Company may will authorize the issue of its additional senior promissory notes (the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of up to $75,000,00050,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten and one-half (10.5) years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven ten and one-half (10.5) years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(eparagraph 2B(6), and to be substantially in the form of Exhibit 1-B A-2 attached hereto.. The terms “

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Twin Disc Inc)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue and sale of its additional senior promissory notes (the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of $75,000,000up to the Available Facility Amount (including the equivalent in Applicable Currencies), to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 15 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 15 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified annum, to be in such Noteone of the Applicable Currencies, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2.3(f), and to be substantially in the form of Exhibit 1-B attached heretoA-3.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Waters Corp /De/)

Authorization of Issue of Shelf Notes. The Company may will authorize the issue and sale of its additional senior promissory notes (as amended, restated, supplemented or otherwise modified from time to time, the “Shelf Notes”, such term to include any such notes issued in substitution thereof pursuant to Section 13) in the aggregate principal amount of up to $75,000,000100,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 12 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e2B(5), and to be substantially in the form of Exhibit 1-B attached hereto.A-4. The terms “

Appears in 1 contract

Samples: LTC Properties Inc

Authorization of Issue of Shelf Notes. The Company may also will authorize the issue of its additional senior promissory notes (the "Shelf Notes", such term to include any such notes issued in substitution thereof pursuant to Section 13) in with the aggregate principal amount of Notes not to exceed $75,000,000175,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than ten 20 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than seven 15 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum specified in such Noteannum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note delivered pursuant to Section 2.2(e)2.7, and to be substantially in the form of Exhibit 1-B E attached hereto.. The term "

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Mdu Resources Group Inc)

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