General Terms and Conditions of the Debentures Sample Clauses
The 'General Terms and Conditions of the Debentures' clause sets out the fundamental rules and provisions that govern the issuance, management, and operation of the debentures. It typically covers aspects such as interest rates, maturity dates, payment procedures, rights and obligations of both the issuer and holders, and events of default. For example, it may specify how interest is calculated, when payments are due, and what happens if the issuer fails to meet its obligations. The core function of this clause is to provide a comprehensive framework that ensures all parties understand their rights and responsibilities, thereby reducing ambiguity and potential disputes regarding the debentures.
General Terms and Conditions of the Debentures. SECTION 2.1. Designation and Principal Amount ...............................................................2 SECTION 2.2. Maturity ......................................................................................3 SECTION 2.3. Form of Payment.................................................................................3 SECTION 2.4. Global Debenture................................................................................3 SECTION 2.5. Interest .......................................................................................4 SECTION 2.6
General Terms and Conditions of the Debentures. SECTION 2.1 Designation and Principal Amount 3 SECTION 2.2 Maturity 3 SECTION 2.3 Form and Payment 3 SECTION 2.4 Global Debenture 3 SECTION 2.5 Interest 4
General Terms and Conditions of the Debentures. Section 2.1. Designation and Principal Amount............................................................4 Section 2.2. Maturity....................................................................................4 Section 2.3. Form and Payment............................................................................4 Section 2.4. Global Debenture............................................................................5 Section 2.5. Interest....................................................................................6
General Terms and Conditions of the Debentures. 3 SECTION 2.1. Designation and Principal Amount. . . . . . . . . . . . . 3 SECTION 2.2. Maturity. . . . . . . . . . . . . . . . . . . . . . . . . 3 SECTION 2.3. Form and Payment . . . . . . . . . . . . . . . . . . . . . 3 SECTION 2.4. Global Debenture. . . . . . . . . . . . . . . . . . . . . 3 SECTION 2.5. Interest. . . . . . . . . . . . . . . . . . . . . . . . . 5
General Terms and Conditions of the Debentures. SECTION 1.01. There shall be and is hereby authorized a series of Debentures designated the "5.375% Junior Subordinated Debentures Due 2013", limited in aggregate principal amount to $123,711,350 (except as provided in Section 1.01 and 7.01). Upon exercise of the over-allotment option set forth in the Purchase Agreement (as defined in the Declaration of Trust), additional Series 5.375% Debentures in the aggregate principal amount of up to $18,556,700 may be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Series 5.375% Debentures to or upon the written order of the Company, which order shall be accompanied by evidence satisfactory to the Trustee that the over-allotment option has been exercised. The Series 5.375% Debentures shall mature and the principal shall be due and payable together with all accrued and unpaid interest thereon, including Compounded Interest (as hereinafter defined) on April 30, 2013 (the "Maturity Date").
(a) Except as provided in Section 1.02(b), the Series 5.375% Debentures shall be issued in fully registered certificated form without interest coupons in denominations of $50 or integral multiples thereof. Principal and interest on the Series 5.375% Debentures issued in certificated form will be payable, the transfer of such Series 5.375% Debentures will be registrable and such Series 5.375% Debentures will be exchangeable for Series 5.375% Debentures bearing identical terms and provisions at the office or agency of the Company in the Borough of Manhattan, The City and State of New York; provided, however, that payment of interest may be made at the option of the Company by check mailed to the registered holder at such address as shall appear in the Debenture register and that the payment of principal with respect to the Series 5.375% Debentures will only be made upon surrender of the Series 5.375% Debentures to the Trustee. Notwithstanding the foregoing, so long as the Property Trustee is the legal owner and record holder of the Series 5.375% Debentures, the payment of the principal of and interest (including Compounded Interest, if any) on the Series 5.375% Debentures held by the Property Trustee will be made by the Company in immediately available funds on the payment date therefor at such place and to the Property Account (as defined in the Declaration of Trust) established and maintained by the Property Trustee pursuant to the Declaration of Tr...
General Terms and Conditions of the Debentures. Designation and Principal Amount; Purchase Price; Payment of Principal; Global Securities......................................................... 4 SECTION 2.2. Maturity............................................................................. 5 SECTION 2.3. Form and Payment. ................................................................... 6 SECTION 2.4. Global Debenture. ................................................................... 6 SECTION 2.5. Interest............................................................................. 7 SECTION 2.6. Authorized Denominations............................................................. 8 SECTION 2.7. Redemption........................................................................... 9 SECTION 2.8 Defeasance........................................................................... 9 SECTION 2.9
General Terms and Conditions of the Debentures. Section 101. Section 301 of the Indenture is hereby amended by adding the following Section 301.1: Section 301.1 11% Senior Subordinated Debentures due February 15, 2004 There shall be and is hereby authorized:
General Terms and Conditions of the Debentures. There shall be and is hereby authorized a series of Securities designated the "6.99% Senior Debentures Due 2026", the aggregate principal amount of which shall be limited to $50,000,000, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Debentures. Debentures may, upon execution of this Supplemental Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver such Debentures to or upon the written order of the Company, signed by its Chairman of the Board, its President, or any Vice President and its Treasurer or an Assistant Treasurer, without any further action by the Company. The Debentures shall mature and the principal thereof shall be due and payable together with all accrued and unpaid interest thereon, on January 15, 2026.
General Terms and Conditions of the Debentures. SECTION 2.1. Designation, Principal Amount and Authorized Denomination. There is hereby authorized a series of Securities designated the ___% Debentures due 2006 (the "Debentures"), limited in aggregate principal amount to $___ (or up to $___, if the Over-Allotment Option is exercised in full), which amount to be issued shall be as set forth in any Company Order for the authentication and delivery of Debentures pursuant to the Base Indenture. The denominations in which Debentures shall be issuable is $50 and integral multiples thereof.
General Terms and Conditions of the Debentures. SECTION 2.1. Designation and Principal Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SECTION 2.2. Maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SECTION 2.3. Form and Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SECTION 2.4. Global Debenture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 SECTION 2.5. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 SECTION 2.6. Sinking Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ARTICLE III EXTENSION OF INTEREST PAYMENT PERIOD