Further Bonds Sample Clauses
Further Bonds. (a) Subject as mentioned below, power will be reserved to the Company to create and issue Further Bonds forming (or so as to form after the first payment of interest thereon) a single series with the Bonds provided that:
(i) AMBAC has consented (in its absolute discretion) to amend or substitute the Bond Policy so that the Bond Policy also covers such Further Bonds on the same terms as the Bonds;
(ii) the Trustee is satisfied that the rating granted in respect of the Bonds by S&P and ▇▇▇▇▇'▇ will not thereby be adversely affected; and
(iii) such issue shall be constituted by a deed supplemental to the Trust Deed (in such form as the Trustee may approve).
(b) The Company shall not be entitled to exercise the power reserved in this Condition 21 while any default exists in relation to any payment by the Company of any amounts due under the Trust Deed.
Further Bonds. The Issuer shall be at liberty from time to time (but subject always to the provisions of this Trust Deed) without the consent of the Bondholders, Receiptholders or Couponholders to create and issue further Bonds (whether in bearer or registered form) having terms and conditions the same as the Bonds of any Series or the same in all respects save for the amount and date of the first payment of interest thereon, issue date and/or purchase price and so that the same shall be consolidated and form a single series with the outstanding Bonds of such Series.
Further Bonds. 22 6.1 Liberty to create..........................................22 6.2