Authorized Denominations Clause Samples
The Authorized Denominations clause defines the specific units or amounts in which a financial instrument, such as a bond or note, may be issued or transferred. Typically, this clause will state that the instrument can only be issued or traded in set increments, such as multiples of $1,000 or €100,000, and may also specify a minimum denomination. By establishing these parameters, the clause ensures uniformity in transactions, facilitates efficient trading and settlement, and helps prevent the issuance or transfer of odd or impractical amounts.
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Authorized Denominations. The Securities are issuable in registered form, without coupons, in denominations of $1,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture, and subject to certain limitations therein set forth and to the limitations described below, if applicable, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.
Authorized Denominations. The Notes are issuable only as registered Notes without coupons, and unless otherwise set forth above, only in denominations of $1,000 and whole multiples of $1,000. As provided in the Indenture, and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of different authorized denominations, as requested by the holder surrendering the same.
Authorized Denominations. The Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
Authorized Denominations. The Series A Storm Recovery Bonds shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof, except for one bond, which may be a smaller denomination} (the “Authorized Denominations”).
Authorized Denominations. The Senior Notes shall be issuable in denominations of $2,000 and in integral multiples of $1,000 in excess thereof.
Authorized Denominations. The Debentures shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
Authorized Denominations. The Notes are issuable only in registered form without coupons in minimum denominations of €100,000 or any integral multiple of €1,000 in excess thereof.
Authorized Denominations. Beneficial interests in Global Securities, as well as Definitive Securities, may be held only in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
Authorized Denominations. The 2023 Debentures shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
Authorized Denominations. The Notes of this series are issuable only in registered form without coupons in denominations of $2,000 or any integral multiple of $1,000 in excess thereof.