Common use of BONDS OF THE SERIES Clause in Contracts

BONDS OF THE SERIES. The series of bonds authorized by this supplemental indenture to be issued under and secured by the Indenture shall be designated "First and Refunding Mortgage Bonds, % Series due "; shall be limited to the aggregate principal amount of $ ; shall mature ; shall bear interest at the rate of % per annum, payable on and of each year; shall be payable as to both principal and interest in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private debts, at the corporate trust office of First Union National Bank, in the City of Newark, State of New Jersey, or, as may be desired by the persons entitled to receive such principal and interest respectively, at the corporate trust office of Xxxxxx Guaranty Trust Company of New York, in the Borough of Manhattan, City and State of New York; shall be issuable only in the form of fully registered bonds in the denominations of $1,000 and any multiple of $1,000; and the several denominations shall be interchangeable. The date of each bond of the Series shall be the semi-annual interest payment date next preceding the date of authentication, unless such date of authentication be an interest payment date, in which case the date shall be the date of authentication, or unless such date of authentication be prior to the first semi-annual interest payment date, in which case the date shall be . The Company shall not be required to issue or make transfers or exchanges of bonds of the Series for a period of ten days next preceding any interest payment date or next preceding the date of any drawing of such bonds to be redeemed, and the Company shall not be required to make transfers or exchanges of any such bonds drawn in whole or in part for such redemption.

Appears in 1 contract

Samples: Supplemental Indenture (Public Service Electric & Gas Co)

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BONDS OF THE SERIES. The series of bonds authorized by this supplemental indenture to be issued under and secured by the Indenture shall be designated "First and Refunding Mortgage Bonds, % ______________ Series __ due ____"; shall be limited to the aggregate principal amount of $ $____________; shall mature on ___________; shall bear interest at a rate and on the rate dates set forth in the form of % per annumthe Bond hereinbefore described, payable on and of each year; shall be payable as to both principal and interest in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private debts, at the principal corporate trust office of First Union US Bank National BankAssociation, in the City of Newark, State of New Jersey, or, as may be desired by the persons entitled to receive such principal and interest respectively, or at the corporate trust office of Xxxxxx Guaranty Trust Company of New Yorkany paying agent appointed, in the Borough of Manhattan, City and State of New York; shall be issuable only in the form of fully registered bonds in the denominations of $1,000 _____ and any multiple of $1,000; _____ and the several denominations shall be interchangeable. The date of each bond of the Series shall be the semi-annual interest payment date next preceding the date of authentication, unless such date of authentication be an interest payment date, in which case the date shall be the date of authentication, or unless such date of authentication be prior to the first semi-annual interest payment date, in which case the date shall be . The Company shall not be required to issue or make transfers or exchanges of bonds of the _____________ Series __ for a period of ten days next preceding any interest payment date or next preceding the date of any drawing of such bonds to be redeemed, and the Company shall not be required to make transfers or exchanges of any such bonds drawn in whole or in part for such redemption. Bonds of the ______________ Series __ shall be transferable and exchangeable, but only as provided in the Indenture, upon surrender thereof for cancellation by the registered owner in person or by attorney duly authorized in writing at either of said offices. The Company hereby waives any right to make a charge for any transfer or exchange of Bonds of the _____________ Series __, but the Company may require payment of a sum sufficient to cover any tax or any other governmental charge that may be imposed in relation thereto.

Appears in 1 contract

Samples: Supplemental Indenture (Public Service Electric & Gas Co)

BONDS OF THE SERIES. The series of bonds authorized by this supplemental indenture to be issued under and secured by the Indenture shall be designated "First and Refunding Mortgage Bonds, % Series due "; shall be limited to the aggregate principal amount of $ ; shall mature ; shall bear interest at the rate of % per annum, payable on and of each year; shall be payable as to both principal and interest in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private debts, at the corporate trust office of First Union National Bank, in the City of Newark, State of New Jersey, or, as may be desired by the persons entitled to receive such principal and interest respectively, at the corporate trust office of Xxxxxx Guaranty First Chicago Trust Company of New York, in the Borough of Manhattan, City and State of New York; shall be issuable only in the form of fully registered bonds in the denominations of $1,000 and any multiple of $1,000; and the several denominations shall be interchangeable. The date of each bond of the Series shall be the semi-annual interest payment date next preceding the date of authentication, unless such date of authentication be an interest payment date, in which case the date shall be the date of authentication, or unless such date of authentication be prior to the first semi-annual interest payment date, in which case the date shall be . The Company shall not be required to issue or make transfers or exchanges of bonds of the Series for a period of ten days next preceding any interest payment date or next preceding the date of any drawing of such bonds to be redeemed, and the Company shall not be required to make transfers or exchanges of any such bonds drawn in whole or in part for such redemption.

Appears in 1 contract

Samples: Supplemental Indenture (Public Service Electric & Gas Co)

BONDS OF THE SERIES. XX The series of bonds authorized by this supplemental indenture to be issued under and secured by the Indenture shall be designated "First and Refunding Mortgage Bonds, 6 1/2% Series XX due 2000"; shall be limited to the aggregate principal amount of $ $235,000,000; shall mature June 1, 2000; shall bear interest at the rate of 6 1/2% per annum, payable on June 1 and December 1 of each year; shall be payable as to both principal and interest in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private debts, at the corporate trust office of First Union National Bank, in the City of Newark, State of New Jersey, or, as may be desired by the persons entitled to receive such principal and interest respectively, at the corporate trust office of Xxxxxx Guaranty First Chicago Trust Company of New York, in the Borough of Manhattan, City and State of New York; shall be issuable only in the form of fully registered bonds in the denominations of $1,000 and any multiple of $1,000; and the several denominations shall be interchangeable. The date of each bond of the Series XX shall be the semi-annual interest payment date next preceding the date of authentication, unless such date of authentication be an interest payment date, in which case the date shall be the date of authentication, or unless such date of authentication be prior to the first semi-annual interest payment date, in which case the date shall be June 1, 1997. The Company shall not be required to issue or make transfers or exchanges of bonds of the Series XX for a period of ten days next preceding any interest payment date or next preceding the date of any drawing of such bonds to be redeemed, and the Company shall not be required to make transfers or exchanges of any such bonds drawn in whole or in part for such redemption.

Appears in 1 contract

Samples: Supplemental Mortgage (Public Service Electric & Gas Co)

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BONDS OF THE SERIES. The series of bonds authorized by this supplemental indenture to be issued under and secured by the Indenture shall be designated "First and Refunding Mortgage Bonds, % ----% Series ---- due -----"; shall be limited to the aggregate principal amount of $ $---------; shall mature -------------; shall bear interest at the rate of % ------% per annum, payable on ------------- and --------------- of each year; shall be payable as to both principal and interest in such coin or currency of the United States of America as at the time of payment shall constitute legal tender for the payment of public and private debts, at the principal corporate trust office of First Union Wachovia Bank, National BankAssociation, in the City of NewarkMorristown, State of New Jersey, or, as may be desired by the persons entitled to receive such principal and interest respectively, at the corporate trust office of Xxxxxx Morgan Guaranty Trust Company of New York, in the Borough of ManhattanManhatxxx, City Xity and State of New York; shall be issuable only in the form of fully registered bonds in the denominations of $1,000 and any multiple of $1,000; and the several denominations shall be interchangeable. The date of each bond of the Series ---- shall be the semi-annual interest payment date next preceding the date of authentication, unless such date of authentication be an interest payment date, in which case the date shall be the date of authentication, or unless such date of authentication be prior to the first semi-annual interest payment date, in which case the date shall be . .--------- The Company shall not be required to issue or make transfers or exchanges of bonds of the Series ----- for a period of ten days next preceding any interest payment date or next preceding the date of any drawing of such bonds to be redeemed, and the Company shall not be required to make transfers or exchanges of any such bonds drawn in whole or in part for such redemption. The bonds of the Series --- shall be issuable in fully registered global book-entry form and shall initially be registered in the name of the Depository Trust Company ("DTC"), or its nominee, who is designated as "Holder." As long as DTC's nominee holds the certificates representing any bonds of the Series --- in the book-entry system of DTC, no certificates for such bonds of the Series --- will be delivered by any selling Beneficial Owner (as defined below) to reflect any transfer of the Bonds of the Series ---.

Appears in 1 contract

Samples: Supplemental Indenture (Pse&g Capital Trust Iii)

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