Common use of Availability of Bond Certificates Clause in Contracts

Availability of Bond Certificates. At any time it determines that it is in the best interests of the Holders, the Company may notify DTC and the Trustee, whereupon DTC will, if consistent with DTC's then-current policies, notify the DTC Participants of the availability through DTC of 2001 Series A Bond certificates. In such event, the Company shall prepare and execute and the Trustee shall issue, transfer and exchange, at the expense of the Company, 2001 Series A Bond certificates as requested in writing by DTC in appropriate amounts. DTC may determine to discontinue providing its services with respect to the 2001 Series A Bonds at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law. If DTC resigns as securities depository for the 2001 Series A Bonds, 2001 Series A Bond certificates shall be delivered pursuant to this Section. Under such circumstances (if there is no successor securities depository), the Company and the Trustee shall be obligated to deliver 2001 Series A Bonds as described in the Indenture, provided that the expense in connection therewith shall be paid by the Company. In the event that certificates for 2001 Series A Bonds are issued, the provisions of the Indenture shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of and Redemption Price of and interest on such 2001 Series A Bonds. Whenever DTC requests the Company to do so, the Company will cooperate with DTC in taking appropriate action after written notice (a) to make available one or more separate certificates evidencing the 2001 Series A Bonds to any DTC Participant having 2001 Series A Bonds credited to its DTC account, or (b) to arrange for another securities depository to maintain custody of certificates evidencing the 2001 Series A Bonds.

Appears in 2 contracts

Samples: Indenture (Old Dominion Electric Cooperative), Indenture (Old Dominion Electric Cooperative)

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Availability of Bond Certificates. At any time it determines that it is in the best interests of the Holders, the Company may notify DTC and the Trustee, whereupon DTC will, if consistent with DTC's ’s then-current policies, notify the DTC Participants of the availability through DTC of 2001 2002 Series A B Bond certificates. In such event, the Company shall prepare and execute and the Trustee shall issue, transfer and exchange, at the expense of the Company, 2001 2002 Series A B Bond certificates as requested in writing by DTC in appropriate amounts. DTC may determine to discontinue providing its services with respect to the 2001 2002 Series A B Bonds at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law. If DTC resigns as securities depository for the 2001 2002 Series A B Bonds, 2001 2002 Series A B Bond certificates shall be delivered pursuant to this Section. Under such circumstances (if there is no successor securities depository), the Company and the Trustee shall be obligated to deliver 2001 2002 Series A B Bonds as described in the Indenture, provided that the expense in connection therewith shall be paid by the Company. In the event that certificates for 2001 2002 Series A B Bonds are issued, the provisions of the Indenture shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of and Redemption Price of and interest on such 2001 2002 Series A B Bonds. Whenever DTC requests the Company to do so, the Company will cooperate with DTC in taking appropriate action after written notice (a) to make available one or more separate certificates evidencing the 2001 2002 Series A B Bonds to any DTC Participant having 2001 2002 Series A B Bonds credited to its DTC account, or (b) to arrange for another securities depository to maintain custody of certificates evidencing the 2001 2002 Series A B Bonds.

Appears in 1 contract

Samples: Fourteenth Supplemental Indenture (Old Dominion Electric Cooperative)

Availability of Bond Certificates. At any time it determines that it is in the best interests of the Holders, the Company may notify DTC and the Trustee, whereupon DTC will, if consistent with DTC's then-current policies, notify the DTC Participants of the availability through DTC of 2001 2002 Series A B Bond certificates. In such event, the Company shall prepare and execute and the Trustee shall issue, transfer and exchange, at the expense of the Company, 2001 2002 Series A B Bond certificates as requested in writing by DTC in appropriate amounts. DTC may determine to discontinue providing its services with respect to the 2001 2002 Series A B Bonds at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law. If DTC resigns as securities depository for the 2001 2002 Series A B Bonds, 2001 2002 Series A B Bond certificates shall be delivered pursuant to this Section. Under such circumstances (if there is no successor securities depository), the Company and the Trustee shall be obligated to deliver 2001 2002 Series A B Bonds as described in the Indenture, provided that the expense in connection therewith shall be paid by the Company. In the event that certificates for 2001 2002 Series A B Bonds are issued, the provisions of the Indenture shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of and Redemption Price of and interest on such 2001 2002 Series A B Bonds. Whenever DTC requests the Company to do so, the Company will cooperate with DTC in taking appropriate action after written notice (a) to make available one or more separate certificates evidencing the 2001 2002 Series A B Bonds to any DTC Participant having 2001 2002 Series A B Bonds credited to its DTC account, or (b) to arrange for another securities depository to maintain custody of certificates evidencing the 2001 2002 Series A B Bonds.

Appears in 1 contract

Samples: Supplemental Indenture (Old Dominion Electric Cooperative)

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Availability of Bond Certificates. At any time it determines that it is in the best interests of the Holders, the Company may notify DTC and the Trustee, whereupon DTC will, if consistent with DTC's then-current policies, notify the DTC Participants of the availability through DTC of 2001 2003 Series A Bond certificates. In such event, the Company shall prepare and execute and the Trustee shall issue, transfer and exchange, at the expense of the Company, 2001 2003 Series A Bond certificates as requested in writing by DTC in appropriate amounts. DTC may determine to discontinue providing its services with respect to the 2001 2003 Series A Bonds at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law. If DTC resigns as securities depository for the 2001 2003 Series A Bonds, 2001 the 2003 Series A Bond certificates shall be delivered pursuant to this Section. Under such circumstances (if there is no successor securities depository), the Company and the Trustee shall be obligated to deliver 2001 2003 Series A Bonds as described in the Indenture, provided that the expense in connection therewith shall be paid by the Company. In the event that certificates for 2001 2003 Series A Bonds are issued, the provisions of the Indenture shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of and Redemption Price of and interest on such 2001 2003 Series A Bonds. Whenever DTC requests the Company to do so, the Company will cooperate with DTC in taking appropriate action after written notice (a) to make available one or more separate certificates evidencing the 2001 2003 Series A Bonds to any DTC Participant having 2001 2003 Series A Bonds credited to its DTC account, or (b) to arrange for another securities depository to maintain custody of certificates evidencing the 2001 2003 Series A Bonds.

Appears in 1 contract

Samples: Sixteenth Supplemental Indenture (Old Dominion Electric Cooperative)

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