Common use of Form, Authentication and Delivery of the Bonds; Redemption Provisions Clause in Contracts

Form, Authentication and Delivery of the Bonds; Redemption Provisions. SECTION 1. There shall be a sixty-second series limited in aggregate principal amount of $40,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.79% Series due 2041”, a sixty-third series of bonds limited in aggregate principal amount to $20,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.80% Series due 2042” and a sixty-fourth series of bonds limited in aggregate principal amount to $20,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.85% Series due 2047”. Interest on each Series of the Bonds shall be payable semiannually on June 1 and December 1 (each an “Interest Payment Date”) in each year commencing June 1, 2013. Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding the date of the authentication of such Bond (or if such Bond is authenticated after a Record Date as defined below and on or before the succeeding interest payment date, from such succeeding interest payment date, or if such Bond is authenticated on or prior to the record date for the first interest payment date for the Bonds, in which case it shall bear interest from the date of original issuance of the Bonds); provided, however, that, if at the time of authentication of any Bond, interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid, from the date of original issuance thereof. The 3.79% Series due 2041 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2041 and shall bear interest at the rate of 3.79% per annum. The 3.80% Series due 2042 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2042 and shall bear interest at the rate of 3.80% per annum. The 3.85% Series due 2047 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2047 and shall bear interest at the rate of 3.85% per annum. Any payment of principal of or interest on any Bond that is due on a date other than a Business Day (as defined below) shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. As used herein, “Business Day” means any day other than a Saturday or Sunday, on which the Trustee, any paying agent or banks in New York, New York are not required or authorized by law or executive order to close. The Bonds shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the minimum denomination of $100,000 or any integral multiple of $1,000 in excess thereof, shall be lettered “R”, and shall bear such numbers as the Company may reasonably require. The principal of, and interest on the Bonds shall be payable as provided in the form of Bond, and shall be payable, along with interest on the Bonds, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; each installment of interest shall be paid by bank wire transfer of immediately available funds pursuant to instructions and conditions incorporated in an agreement between such person and the Trustee or the Company.

Appears in 1 contract

Samples: Indenture of Mortgage (Aqua America Inc)

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Form, Authentication and Delivery of the Bonds; Redemption Provisions. SECTION 1. There shall be a sixtyfifty-second sixth series of bonds, limited in aggregate principal amount of to $40,000,000 62,165,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.795.00% Series due 2041”, 2040” and a sixtyfifty-third seventh series of bonds bonds, limited in aggregate principal amount to $20,000,000 12,520,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.804.75% Series due 2042” and a sixty-fourth series of bonds limited in aggregate principal amount to $20,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.85% Series due 2047”2040. Interest on each Series of the Bonds shall be payable semiannually on June 1 May 15 and December 1 November 15 of each year (each an “Interest Payment Dateinterest payment date) in each year ), commencing June 1May 15, 20132010. Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding the date of the authentication of such Bond (or if such Bond is authenticated after a Record Date as defined below and on or before the succeeding interest payment date, from such succeeding interest payment date, or if such Bond is authenticated on or prior to the record date for the first interest payment date for the Bonds, in which case it shall bear interest from the date of original issuance of the Bonds); provided, however, that, if at the time of authentication of any Bond, interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid, from the date of original issuance thereof. The 3.795.00% Series due 2041 2040 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1November 15, 2041 2040 and shall bear interest at the rate of 3.79% per annum5.00%. The 3.804.75% Series due 2042 2040 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1November 15, 2042 2040 and shall bear interest at the rate of 3.80% per annum4.75%. The 3.85% Series due 2047 shall be stated to mature (subject to In any case where the right date of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2047 and shall bear interest at the rate of 3.85% per annum. Any payment of the principal of or interest on the Bonds, or the date fixed for redemption of any Bond that Bond, is due on a date other than not a Business Day (as defined below) shall Day, then payment of the principal or Redemption Price of and interest on such Bond need not be made on such date but may be made on the next succeeding Business Day without including with the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that same force and effect as if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day due date of such payment or the date fixed for redemption, and no interest shall include accrue for the additional days elapsed in the computation of interest payable on period after such next succeeding Business Day. As used herein, “Business Day” means any day other than a Saturday or Sunday, on which the Trustee, any paying agent or banks in New York, New York are not required or authorized by law or executive order to closedate. The Bonds of each series shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the minimum denomination of Five Thousand Dollars ($100,000 5,000) or any integral multiple of $1,000 in excess thereof, shall be lettered “R”, R-1” and shall bear such numbers as the Company may reasonably require. The principal of, and interest on the Bonds shall be payable as provided at the designated office of the trustee in the form of BondPhiladelphia, Pennsylvania, and shall be payable, along with interest on the Bonds, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; each installment of interest shall be paid by check to the order of the person entitled thereto, mailed to such person’s address as the same appears on the books maintained for such purpose by or on behalf of the Company, or by bank wire transfer of immediately available funds pursuant to instructions and conditions incorporated in an agreement between such person and the Trustee or the Company.

Appears in 1 contract

Samples: Indenture of Mortgage (Aqua America Inc)

Form, Authentication and Delivery of the Bonds; Redemption Provisions. SECTION 1. There shall be a sixtyforty-second ninth series of bonds, limited in aggregate principal amount of to $40,000,000 23,915,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.795.00% Series due 2041”, 2040” and a sixty-third fiftieth series of bonds bonds, limited in aggregate principal amount to $20,000,000 23,915,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.805.00% Series due 2042” and a sixty-fourth series of bonds limited in aggregate principal amount to $20,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.85% Series due 20472041”. Interest on each Series of the Bonds shall be payable semiannually on June February 1 and December August 1 of each year (each an “Interest Payment Dateinterest payment date) in each year ), commencing June August 1, 20132007. Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding the date of the authentication of such Bond (or if such Bond is authenticated after a Record Date as defined below and on or before the succeeding interest payment date, from such succeeding interest payment date, or if such Bond is authenticated on or prior to the record date for the first interest payment date for the Bonds, in which case it shall bear interest from the date of original issuance of the Bonds); provided, however, that, if at the time of authentication of any Bond, interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid, from the date of original issuance thereof. The 3.795.00% Series due 2040 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on February 1, 2040 and shall bear interest at the rate of 5.00%. The 5.00% Series due 2041 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December February 1, 2041 and shall bear interest at the rate of 3.79% per annum. The 3.80% Series due 2042 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2042 and shall bear interest at the rate of 3.80% per annum. The 3.85% Series due 2047 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2047 and shall bear interest at the rate of 3.85% per annum. Any payment of principal of or interest on any Bond that is due on a date other than a Business Day (as defined below) shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. As used herein, “Business Day” means any day other than a Saturday or Sunday, on which the Trustee, any paying agent or banks in New York, New York are not required or authorized by law or executive order to close5.00%. The Bonds of each series shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the minimum denomination of Five Thousand Dollars ($100,000 5,000) or any integral multiple of $1,000 in excess thereof, shall be lettered “R”, R-1” and shall bear such numbers as the Company may reasonably require. The principal of, and interest on the Bonds shall be payable as provided at the designated office of the trustee in the form of BondPhiladelphia, Pennsylvania, and shall be payable, along with interest on the Bonds, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; each installment of interest shall be paid by check to the order of the person entitled thereto, mailed to such person’s address as the same appears on the books maintained for such purpose by or on behalf of the Company, or by bank wire transfer of immediately available funds pursuant to instructions and conditions incorporated in an agreement between such person and the Trustee or the Company. The person in whose name any Bond is registered at the close of business on any Record Date (as hereinafter defined) with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Bond upon any transfer or exchange subsequent to the Record Date and prior to such interest payment date; provided, however, that if and to the extent the Company shall default in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons in whose names outstanding Bonds are registered at the close of business on a subsequent Record Date established by notice given by mail by or on behalf of the Company to the holders of Bonds not less than fifteen days preceding such subsequent Record Date, such Record Date to be not less than ten days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Financing Agreement (Aqua America Inc)

Form, Authentication and Delivery of the Bonds; Redemption Provisions. SECTION 1. There shall be a sixtyfifty-second eighth series of bonds, limited in aggregate principal amount of to $40,000,000 25,910,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.795.00% Series due 20412033”, a sixtyfifty-third ninth series of bonds bonds, limited in aggregate principal amount to $20,000,000 19,270,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.805.00% Series due 2042” and 2034”, a sixty-fourth sixtieth series of bonds bonds, limited in aggregate principal amount to $20,000,000 15,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.854.50% Series due 20472042”, and a sixty-first series of bonds, limited in aggregate principal amount to $81,205,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 5.00% Series due 2043”. Interest on each Series of the Bonds shall be payable semiannually on June 1 and December 1 of each year (each an “Interest Payment Dateinterest payment date) in each year ), commencing June 1, 20132011. Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding the date of the authentication of such Bond (or if such Bond is authenticated after a Record Date as defined below and on or before the succeeding interest payment date, from such succeeding interest payment date, or if such Bond is authenticated on or prior to the record date for the first interest payment date for the Bonds, in which case it shall bear interest from the date of original issuance of the Bonds); provided, however, that, if at the time of authentication of any Bond, interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid, from the date of original issuance thereof. The 3.795.00% Series due 2041 2033 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2041 2033 and shall bear interest at the rate of 3.79% per annum5.00%. The 3.805.00% Series due 2034 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2034 and shall bear interest at the rate of 5.00%. The 4.50% Series due 2042 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2042 and shall bear interest at the rate of 3.80% per annum4.50%. The 3.855.00% Series due 2047 2043 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2047 2043 and shall bear interest at the rate of 3.85% per annum5.00%. Any In any case where the date of payment of the principal of or interest on the Bonds, or the date fixed for redemption of any Bond that Bond, is due on a date other than not a Business Day (as defined below) shall Day, then payment of the principal or Redemption Price of and interest on such Bond need not be made on such date but may be made on the next succeeding Business Day without including with the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that same force and effect as if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day due date of such payment or the date fixed for redemption, and no interest shall include accrue for the additional days elapsed in the computation of interest payable on period after such next succeeding Business Day. As used herein, “Business Day” means any day other than a Saturday or Sunday, on which the Trustee, any paying agent or banks in New York, New York are not required or authorized by law or executive order to closedate. The Bonds of each series shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the minimum denomination of Five Thousand Dollars ($100,000 5,000) or any integral multiple of $1,000 in excess thereof, shall be lettered “R”, R-1” and shall bear such numbers as the Company may reasonably require. The principal of, and interest on the Bonds shall be payable as provided at the designated office of the trustee in the form of BondPhiladelphia, Pennsylvania, and shall be payable, along with interest on the Bonds, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; each installment of interest shall be paid by check to the order of the person entitled thereto, mailed to such person’s address as the same appears on the books maintained for such purpose by or on behalf of the Company, or by bank wire transfer of immediately available funds pursuant to instructions and conditions incorporated in an agreement between such person and the Trustee or the Company.

Appears in 1 contract

Samples: Financing Agreement (Aqua America Inc)

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Form, Authentication and Delivery of the Bonds; Redemption Provisions. SECTION 1. There shall be a sixtyfifty-second third series of bonds, limited in aggregate principal amount of to $40,000,000 9,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.796.25% Series due 2041”, 2017” and a sixtyfifty-third fourth series of bonds bonds, limited in aggregate principal amount to $20,000,000 13,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage BondBonds, 3.806.75% Series due 2042” and a sixty-fourth series of bonds limited in aggregate principal amount to $20,000,000 designated as “Aqua Pennsylvania, Inc., First Mortgage Bond, 3.85% Series due 20472018”. Interest on each Series of the Bonds shall be payable semiannually on June April 1 and December October 1 of each year (each an “Interest Payment Dateinterest payment date) in each year ), commencing June April 1, 20132009. Each Bond shall be dated the date of its authentication and shall bear interest from the interest payment date next preceding the date of the authentication of such Bond (or if such Bond is authenticated after a Record Date as defined below and on or before the succeeding interest payment date, from such succeeding interest payment date, or if such Bond is authenticated on or prior to the record date for the first interest payment date for the Bonds, in which case it shall bear interest from the date of original issuance of the Bonds); provided, however, that, if at the time of authentication of any Bond, interest on the predecessor Bond of such Bond is in default, such Bond shall bear interest from the date to which interest has been paid, or, if no interest has been paid, from the date of original issuance thereof. The 3.796.25% Series due 2041 2017 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December October 1, 2041 2017 and shall bear interest at the rate of 3.79% per annum6.25%. The 3.806.75% Series due 2042 2018 shall be stated to mature (subject to the right of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December October 1, 2042 2018 and shall bear interest at the rate of 3.80% per annum6.75%. The 3.85% Series due 2047 shall be stated to mature (subject to In any case where the right date of earlier redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on December 1, 2047 and shall bear interest at the rate of 3.85% per annum. Any payment of the principal of or interest on the Bonds, or the date fixed for redemption of any Bond that Bond, is due on a date other than not a Business Day (as defined below) shall Day, then payment of the principal or Redemption Price of and interest on such Bond need not be made on such date but may be made on the next succeeding Business Day without including with the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that same force and effect as if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day due date of such payment or the date fixed for redemption, and no interest shall include accrue for the additional days elapsed in the computation of interest payable on period after such next succeeding Business Day. As used herein, “Business Day” means any day other than a Saturday or Sunday, on which the Trustee, any paying agent or banks in New York, New York are not required or authorized by law or executive order to closedate. The Bonds of each series shall be issuable only as registered bonds without coupons, shall be in the form hereinabove recited, in the minimum denomination of Five Thousand Dollars ($100,000 5,000) or any integral multiple of $1,000 in excess thereof, shall be lettered “R”, R-1” and shall bear such numbers as the Company may reasonably require. The principal of, and interest on the Bonds shall be payable as provided at the designated office of the trustee in the form of BondPhiladelphia, Pennsylvania, and shall be payable, along with interest on the Bonds, in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts; each installment of interest shall be paid by check to the order of the person entitled thereto, mailed to such person’s address as the same appears on the books maintained for such purpose by or on behalf of the Company, or by bank wire transfer of immediately available funds pursuant to instructions and conditions incorporated in an agreement between such person and the Trustee or the Company.

Appears in 1 contract

Samples: Financing Agreement (Aqua America Inc)

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