Common use of Execution, Authentication and Denominations Clause in Contracts

Execution, Authentication and Denominations. Two Officers shall execute the Securities for the Company by facsimile or manual signature in the name and on behalf of the Company. The seal of the Company, if any, shall be reproduced on the Securities. If an Officer whose signature is on a Security no longer holds that office at the time the Trustee or authenticating agent authenticates the Security, the Security shall be valid nevertheless. A Security shall not be valid until the Trustee or authenticating agent manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee or an authenticating agent shall authenticate for original issue Securities in the aggregate principal amount of $225,000,000; provided that the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel of the Company that it may reasonably request in connection with such authentication of Securities. Such order shall specify the amount of Securities to be authenticated and the date on which the original issue of Securities is to be authenticated, which with respect to the issue of additional Securities shall be the Interest Payment Date as to which the Company has elected not to make interest payments in cash. The aggregate principal amount of Securities outstanding at any time may not exceed the amount set forth above except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant to Section 2.05, 2.06, 2.07 or 2.

Appears in 1 contract

Sources: Indenture (Teekay Shipping Corp)

Execution, Authentication and Denominations. Subject to Article Four and applicable law, the aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. Two Officers of the Company shall execute sign the Securities for the Company by manual or facsimile or manual signature in the name and on behalf of the Company. The seal of the Company, if any, shall be reproduced on the Securitiessignature. If an Officer whose signature is on a Security no longer holds that office at the time the Trustee or authenticating agent authenticates the Security, the Security shall be valid nevertheless. A Security shall not be valid until an authorized officer of the Trustee or authenticating agent manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The At any time and from time to time after the execution of this Indenture, the Trustee or an authenticating agent shall shall, upon receipt of a Company Order, authenticate for original issue Securities in the aggregate principal amount of $225,000,000specified in such Company Order; provided that the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel of the Company that it may reasonably request in connection with such authentication of Securities. Such order Company Order shall specify the amount of Securities to be authenticated and the date on which the original issue of Securities is to be authenticatedauthenticated and, which with respect to the issue in case of additional Securities shall be the Interest Payment Date as to which the Company has elected not to make interest payments in cash. The aggregate principal amount an issuance of Securities outstanding at any time may not exceed the amount set forth above except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant to Section 2.052.15, 2.06, 2.07 or 2shall certify that such issuance is in compliance with Article Four. The Securities shall be issuable only in registered form without coupons and only in denominations of $1,000 in principal amount and any integral multiple thereof.

Appears in 1 contract

Sources: Indenture (Tekni Plex Inc)