Debt Securities. Section 2.01. Forms Generally 7 Section 2.02. Form of Trustee’s Certificate of Authentication 7 Section 2.03. Principal Amount; Issuable in Series 8 Section 2.04. Execution of Debt Securities 10 Section 2.05. Authentication and Delivery of Debt Securities 11 Section 2.06. Denomination of Debt Securities 12 Section 2.07. Registration of Transfer and Exchange 12 Section 2.08. Temporary Debt Securities 13 Section 2.09. Mutilated, Destroyed, Lost or Stolen Debt Securities 14 Section 2.10. Cancellation of Surrendered Debt Securities 15 Section 2.11. Provisions of the Indenture and Debt Securities for the Sole Benefit of the Parties and the Holders 15 Section 2.12. Payment of Interest, Interest Rights Preserved 15 Section 2.13. Securities Denominated in Dollars 16 Section 2.14. Wire Transfers 16 Section 2.15. Securities Issuable in the Form of a Global Security 16 Section 2.16. Medium Term Securities 18 Section 2.17. Defaulted Interest 19 Section 2.18. CUSIP Numbers 20 ARTICLE III REDEMPTION OF DEBT SECURITIES Section 3.01. Applicability of Article 20 Section 3.02. Notice of Redemption; Selection of Debt Securities 20 Section 3.03. Payment of Debt Securities Called for Redemption 22 Section 3.04. Mandatory and Optional Sinking Funds 22 Section 3.05. Redemption of Debt Securities for Sinking Fund 23 ARTICLE IV
Debt Securities. Step Debt Securities shall bear interest from their Issue Date to a specified date at their initial fixed interest rate and from that date to their Maturity Date at one or more different fixed interest rates that shall be prescribed as of the Issue Date. A Step Debt Security will have one or more step periods. The applicable Supplemental Agreement shall specify the fixed interest rate per annum payable on Step Debt Securities for each related period from issuance to maturity. Unless otherwise specified in the applicable Supplemental Agreement, interest on a Step Debt Security shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Debt Securities. Section 2.01.
Debt Securities. Unsecured subordinated or unsubordinated notes, bonds and other debt securities issued from time to time by Xxxxxxx Mac under the Facility, or if so provided in the applicable Supplemental Agreement, secured obligation issued from time to time by Xxxxxxx Mac under the Facility.
Debt Securities. We may issue debt securities from time to time, in one or more series, as either senior or subordinated debt or as senior or subordinated convertible debt. The senior debt securities will rank equally with any other unsecured and unsubordinated debt. The subordinated debt securities will be subordinate and junior in right of payment, to the extent and in the manner described in the instrument governing the debt, to all of our senior indebtedness. Convertible debt securities will be convertible into our common stock or preferred stock. Conversion may be mandatory or at the holder’s option and would be at prescribed conversion rates. The debt securities will be issued under one or more documents called indentures, which are contracts between us and a national banking association or other eligible party, as trustee. In this prospectus, we have summarized certain general features of the debt securities. We urge you, however, to read the applicable prospectus supplement (and any free writing prospectus that we may authorize to be provided to you) related to the series of debt securities being offered, as well as the complete indentures that contain the terms of the debt securities. A form of indenture has been filed as an exhibit to the registration statement of which this prospectus is a part, and supplemental indentures and forms of debt securities containing the terms of the debt securities being offered will be filed as exhibits to the registration statement of which this prospectus is a part or will be incorporated by reference from reports that we file with the SEC.
Debt Securities. 9 Default................................................................... 9
Debt Securities. 4.1.1 Debt securities is an instrument issued for a predetermined period of time with the purpose of raising capital by borrowing and generally involves a promise to repay the principal and interest on specified dates. This kind of debt instrument may also be called as bills or notes and these names are used interchangeably in the market. Debt securities include bonds and notes which represent loans to an entity (such as a government or corporation) in which the entity promises to repay the bondholders or note-holders the total amount borrowed. That repayment in most cases is made on maturity although some loans are repayable in installments. Unlike shareholders, holders of bonds and notes are not owners of an entity but its creditors. In return for the loan, the entity will usually compensate the bondholders or note-holders with interest payments during the life of the bond or note. The interest rate on bonds and notes can be a fixed or floating rate.
Debt Securities. TERMS AGREEMENT --------------- ------------, ----- Aon Corporation 123 North Wacker Drive Chicago, Illinois 60606 Dear Sirs: [Xx xxxxxx xx the Several Underwriters named in Schedule A hereto and for their respective accounts, we] [We] offer to purchase, on and subject to the terms and conditions of the Underwriting Agreement Basic Provisions filed as exhibit on the Company's registration statement on Form S-3 (No. 333-__) ("Underwriting Agreement"), the following securities ("Securities") to be issued under an indenture, dated __________, _____, between the Company and as Trustee, on the following terms: Title: [____% Floating Rate] [Senior] [Subordinated] ----- [Notes] [Debentures] Due ____ Principal Amount: [$] ---------------- Interest: [___% per annum, from ______________, ____, -------- payable semiannually on ____________ and commencing _______ ____, to holders of record on the preceding _______________ or ________________, as the case may be.] Maturity: _____________________, ____. -------- Optional Redemption: ------------------- Sinking Fund: ------------ Period Designated Pursuant to Section 4(h) of the Underwriting -------------------------------------------------------------- Agreement _______ days. --------- [Conversion Provisions]: --------------------- [Other Terms] Delayed Delivery contracts: [None.] [Delivery Date[s] -------------------------- shall be ____________, _____. Underwriters' fee is __% of the principal amount of the Contract Securities.] Purchase Price: ___% of principal amount, plus accrued -------------- interest [if any,] from ___________, ____. Expected Reoffering Price: ____% of principal amount, ------------------------- subject to change by the undersigned. Closing Date: _____ A.M. on ___________, ____, at ------------ ____________ in New York [Clearing House (next day)] [Federal (same-day)] funds. [Name[s] and Address[es] of Representative[s]:] The respective principal amounts of the Securities to be purchased by each of the Underwriters are set forth opposite their names in Schedule A hereto. [If appropriate, insert--It is understood that we may, with ------------------------ your consent, amend this offer to add additional Underwriters and reduce the aggregate principal amount to be purchased by the Underwriters listed in Schedule A hereto by the aggregate principal amount to be purchased by such additional Underwriters.] The provisions of the Underwriting Agreement are incorporated herein by reference [If appropriat...
Debt Securities. =============================================================================== Reconciliation and Tie between Trust Indenture Act of 1939 (the "Trust Indenture Act") and Indenture
Debt Securities. Principal Issuer Amount Date of Note Maturity Date ------ --------- ------------ -------------
