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

General Terms and Conditions of the Series A Debentures. SECTION 2.01. There shall be and is hereby authorized a series of Debentures designated the "_____% Junior Subordinated Deferrable Interest Debentures, Series A," limited in aggregate principal amount to $___________, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Series A Debentures. The Series A Debentures shall mature and the principal shall be due and payable, together with all accrued and unpaid interest thereon, on ________ 2037, provided that the Company may shorten such maturity date at any time and from time to time at the election of the Company for one or more periods, but in no event shall such maturity date be earlier than ________, 2002, and further provided that if the Company exercises its right to liquidate the Trust and distribute the Debentures to holders of the Preferred Securities pursuant to Section 904 of the Trust Agreement, the maturity date of such Debentures may be shortened to any date selected by the Company that is (i) no earlier than the date five years after the initial issuance of the Preferred Securities and (ii) no later than ________, 2037. The Series A Debentures shall be issued in the form of registered Series A Debentures without coupons.

Appears in 2 contracts

Samples: Public Service Co of Oklahoma, Southwestern Electric Power Co

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General Terms and Conditions of the Series A Debentures. SECTION 2.01. There shall be and is hereby authorized a series of Debentures designated the "_____% Junior Subordinated Deferrable Interest Debentures, Series A," limited in aggregate principal amount to $___________, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Series A Debentures. The Series A Debentures shall mature and the principal shall be due and payable, together with all accrued and unpaid interest thereon, on ________ 2037, provided that the Company may shorten such maturity date at any time and from time to time at the election of the Company for one or more periodsCompany, but in no event shall such maturity date be earlier than ________, 2002, and further provided that if the Company exercises its right to liquidate the Trust and distribute the Debentures to holders of the Preferred Securities pursuant to Section 904 of the Trust Agreement, the maturity date of such Debentures may be shortened to any date selected by the Company that is (i) no earlier than the date five years after the initial issuance of the Preferred Securities and (ii) no later than ________, 2037. The Series A Debentures shall be issued in the form of registered Series A Debentures without coupons.

Appears in 1 contract

Samples: Central Power & Light Co /Tx/

General Terms and Conditions of the Series A Debentures. SECTION 2.01. There shall be and is hereby authorized a series of Debentures designated the "_____8.00% Junior Subordinated Deferrable Interest Debentures, Series A," limited in aggregate principal amount to $___________154,639,200, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Series A Debentures. The Series A Debentures shall mature and the principal shall be due and payable, together with all accrued and unpaid interest thereon, on ________ April 30, 2037, provided that the Company may shorten such maturity date at any time and from time to time at the election of the Company for one or more periodsCompany, but in no event shall such maturity date be earlier than ________April 30, 2002, and further provided that if the Company exercises its right to liquidate the Trust and distribute the Debentures to holders of the Preferred Securities pursuant to Section 904 of the Trust Agreement, the maturity date of such Debentures may be shortened to any date selected by the Company that is (i) no earlier than the date five years after the initial issuance of the Preferred Securities and (ii) no later than ________April 30, 2037. The Series A Debentures shall be issued in the form of registered Series A Debentures without coupons.

Appears in 1 contract

Samples: Central Power and Light Company (West Texas Utilities Co)

General Terms and Conditions of the Series A Debentures. SECTION 2.01. There shall be and is hereby authorized a series of Debentures designated the "_____8% Junior Subordinated Deferrable Interest Debentures, Series A," limited in aggregate principal amount to $___________77,320,000, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Series A Debentures. The Series A Debentures shall mature and the principal shall be due and payable, together with all accrued and unpaid interest thereon, on ________ April 30, 2037, provided that the Company may shorten such maturity date at any time and from time to time at the election of the Company for one or more periodsCompany, but in no event shall such maturity date be earlier than ________April 30, 2002, and further provided that if the Company exercises its right to liquidate the Trust and distribute the Debentures to holders of the Preferred Securities pursuant to Section 904 of the Trust Agreement, the maturity date of such Debentures may be shortened to any date selected by the Company that is (i) no earlier than the date five years after the initial issuance of the Preferred Securities and (ii) no later than ________April 30, 2037. The Series A Debentures shall be issued in the form of registered Series A Debentures without coupons.

Appears in 1 contract

Samples: Southwestern Electric Power Co

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General Terms and Conditions of the Series A Debentures. SECTION 2.01. There shall be and is hereby authorized a series of Debentures designated the "_____7.875% Junior Subordinated Deferrable Interest Debentures, Series A," limited in aggregate principal amount to $___________113,402,075, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Series A Debentures. The Series A Debentures shall mature and the principal shall be due and payable, together with all accrued and unpaid interest thereon, on ________ April 30, 2037, provided that the Company may shorten such maturity date at any time and from time to time at the election of the Company for one or more periodsCompany, but in no event shall such maturity date be earlier than ________April 30, 2002, and further provided that if the Company exercises its right to liquidate the Trust and distribute the Debentures to holders of the Preferred Securities pursuant to Section 904 of the Trust Agreement, the maturity date of such Debentures may be shortened to any date selected by the Company that is (i) no earlier than the date five years after the initial issuance of the Preferred Securities and (ii) no later than ________April 30, 2037. The Series A Debentures shall be issued in the form of registered Series A Debentures without coupons.

Appears in 1 contract

Samples: Southwestern Electric Power Company (Public Service Co of Oklahoma)

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