Common use of General Terms and Conditions of the Debentures Clause in Contracts

General Terms and Conditions of the Debentures. SECTION 2.1 ----------- The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities. The aggregate principal amount of Debentures outstanding at any time shall not exceed $154,640,000 (except as set forth in Section 2.03(2) of the Indenture). Upon receipt of a written order of the Company for the authentication and delivery of a series of Debentures and satisfaction of the requirements of Section 2.04 of the Indenture, the Trustee shall authenticate (a) Initial Debentures for original issuance in an aggregate principal amount not to exceed $154,640,000 (except as set forth in Section 2.03(2) of the Indenture) or (b) Exchange Debentures for issuance pursuant to a Registered Exchange Offer for Initial Debentures in a principal amount equal to the principal amount of Initial Debentures exchanged in such Registered Exchange Offer. The Initial Debentures shall be issued pursuant to an exemption from registration under the Securities Act and the Restricted Securities Legend shall appear thereon, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures may not be transferred except in compliance with the Restricted Securities Legend set forth in Section 2.07 of the Indenture, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures shall be issued in minimum denominations of $100,000 and any integral multiple of $1,000 in excess thereof, and the Exchange Debentures shall be issuable in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Leucadia Capital Trust I)

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General Terms and Conditions of the Debentures. SECTION 2.1 ----------- The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities. The aggregate principal amount of Debentures outstanding at any time shall not exceed $154,640,000 51,547,000 (except as set forth in Section 2.03(2) of the Indenture). Upon receipt of a written order of the Company for the authentication and delivery of a series of Debentures and satisfaction of the requirements of Section 2.04 of the Indenture, the Trustee shall authenticate (a) Initial Debentures for original issuance in an aggregate principal amount not to exceed $154,640,000 51,547,000 (except as set forth in Section 2.03(2) of the Indenture) or (b) Exchange Debentures for issuance pursuant to a Registered Exchange Offer for Initial Debentures in a principal amount equal to the principal amount of Initial Debentures exchanged in such Registered Exchange Offer. The Initial Debentures shall be issued pursuant to an exemption from registration under the Securities Act and the Restricted Securities Legend shall appear thereon, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures may not be transferred except in compliance with the Restricted Securities Legend set forth in Section 2.07 of the Indenture, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures shall be issued in minimum denominations of $100,000 and any integral multiple of $1,000 in excess thereof, and the Exchange Debentures shall be issuable in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (National Commerce Capital Trust I)

General Terms and Conditions of the Debentures. SECTION 2.1 ----------- The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities. The aggregate principal amount of Debentures outstanding at any time shall not exceed $154,640,000 103,093,000 (except as set forth in Section 2.03(2) 2.03 of the Indenture). Upon receipt of a written order of the Company for the authentication and delivery of a series of Debentures and satisfaction of the requirements of Section 2.04 of the Indenture, the Trustee shall authenticate (a) Initial Debentures for original issuance in an aggregate principal amount not to exceed $154,640,000 103,093,000 (except as set forth in Section 2.03(2) of the Indenture) or (b) Exchange Debentures for issuance pursuant to a Registered Exchange Offer for Initial Debentures in a principal amount equal to the principal amount of Initial Debentures exchanged in such Registered Exchange Offer. The Initial Debentures shall be issued pursuant to an exemption from registration under the Securities Act and the Restricted Securities Legend shall appear thereon, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures may not be transferred except in compliance with the Restricted Securities Legend set forth in Section 2.07 of the Indenture, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures shall be issued in minimum denominations of $100,000 and any integral multiple multiples of $1,000 in excess thereof, and the Exchange Debentures shall be issuable in minimum denominations of $1,000 and any integral multiple multiples of $1,000 in excess thereof.

Appears in 1 contract

Samples: Indenture (Pxre Corp)

General Terms and Conditions of the Debentures. SECTION 2.1 ----------- The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities. The aggregate principal amount of Debentures outstanding at any time shall not exceed $154,640,000 (except as set forth in Section 2.03(2) of the Indenture). Upon receipt of a written order of the Company for the authentication and delivery of a series of Debentures and satisfaction of the requirements of Section 2.04 of the Indenture, the Trustee shall authenticate (a) Initial Debentures for original issuance in an aggregate principal amount not to exceed $154,640,000 (except as set forth in Section 2.03(2) of the Indenture) or (b) Exchange Debentures for issuance pursuant to a Registered Exchange Offer for Initial Debentures in a principal amount equal to the principal amount of Initial Debentures exchanged in such Registered Exchange Offer. The Initial Debentures shall be issued pursuant to an exemption from registration under the Securities Act and the Restricted Securities Legend shall appear thereon, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures may not be transferred except in compliance with the Restricted Securities Legend set forth in Section 2.07 of the Indenture, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures shall be issued in minimum denominations of $100,000 and any integral multiple of $1,000 in excess thereof, and the Exchange Debentures shall be issuable in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Mercantile Capital Trust I)

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General Terms and Conditions of the Debentures. SECTION 2.1 ----------- The Initial Debentures and the Exchange Debentures are hereby authorized as two series of Debt Securities. The aggregate principal amount of Debentures outstanding at any time shall not exceed $154,640,000 (except as set forth in Section 2.03(2) of the Indenture)206,186,000. Upon receipt of a written order of the Company for the authentication and delivery of a series of Debentures and satisfaction of the requirements of Section 2.04 of the Indenture, the Trustee shall authenticate (a) Initial Debentures for original issuance in an aggregate principal amount not to exceed $154,640,000 206,186,000 (except as set forth in Section 2.03(2) of the Indenture) or (b) Exchange Debentures for issuance pursuant to a Registered Exchange Offer for Initial Debentures in a principal amount equal to the principal amount of Initial Debentures exchanged in such Registered Exchange Offer. The Initial Debentures shall be issued pursuant to an exemption from registration under the Securities Act and the Restricted Securities Legend shall appear thereon, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures may not be transferred except in compliance with the Restricted Securities Legend set forth in Section 2.07 of the Indenture, unless otherwise determined by the Company in accordance with applicable law. The Initial Debentures shall be issued in minimum denominations of $100,000 and any integral multiple of $1,000 in excess thereof, and the Exchange Debentures shall be issuable in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Marshall & Ilsley Corp/Wi/)

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