Issuance of First Mortgage Bonds Sample Clauses

Issuance of First Mortgage Bonds. In the case of CL&P and WMECO only, issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date.
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Issuance of First Mortgage Bonds. In the case of Principal Subsidiaries only, issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date; provided, that (i) Yankee Gas Services Company may issue First Mortgage Bonds, the proceeds of which are used to refinance not more than $200,000,000 of Debt incurred by NU in connection with the acquisition by NU of Yankee Energy System Inc., and (ii) Northeast Generation Company may issue First Mortgage Bonds for the purpose of refinancing up to $416,000,000 of its secured Debt outstanding on the Closing Date, to the extent that the principal amount of any such First Mortgage Bonds is less than or equal to the principal amount of the Debt so refinanced plus up to six months of accrued interest on such Debt, determined at the time of the refinancing; provided, that in no event shall the amount of First Mortgage Bonds issued by Northeast Generation Company exceed $440,000,000.
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Issuance of First Mortgage Bonds. Issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date.
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Issuance of First Mortgage Bonds. (i) All First Mortgage Approvals shall have been obtained and shall be in full force and effect; (ii) the First Mortgage Indenture and the Supplemental Indenture shall have been validly authorized, executed and delivered and the First Mortgage Bonds in an aggregate principal amount of $430 million, shall have been validly authorized, executed and authenticated and validly issued and delivered to the Collateral Agent; and (iii) the Administrative Agent and each Lender shall have received (I) copies of all opinions, certificates, orders, consents and other documents that are delivered to the trustees under the First Mortgage Indenture as conditions precedent to (or otherwise in connection with) the issuance of the First Mortgage Bonds under the First Mortgage Indenture (together with, in the case of each such opinion that is not addressed to the Collateral Agent, a letter from the counsel rendering such opinion to the effect that the Collateral Agent is entitled to rely on such opinion as if such opinion were addressed to the Collateral Agent), (II) copies of all First Mortgage Approvals and (III) such other opinions, certificates and documents reasonably related to the First Mortgage Bonds, the First Mortgage Indenture (including the Supplemental Indenture) and the liens and security interests of the First Mortgage Indenture as the Administrative Agent shall have reasonably requested, and all of the foregoing documents (including without limitation the First Mortgage Approvals, the First Mortgage Indenture, the Supplemental Indenture and the First Mortgage Bonds) shall be in form and substance reasonably satisfactory to the Administrative Agent.
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Issuance of First Mortgage Bonds. (i) All First Mortgage Approvals shall have been obtained and shall be in full force and effect; (ii) the Supplemental Indentures shall have been validly authorized, executed and delivered and the First Mortgage Bonds comprising (x) with respect to the Revolving Credit Facility, $90 million principal amount of the First Mortgage Bonds, Collateral (2004) Series A, due 2009 issued under the Montana First Mortgage Indenture and $35 million principal amount of the New Mortgage Bonds, Collateral (2004) Series A, due 2009 issued under the South Dakota First Mortgage Indenture (such First Mortgage Bonds, collectively, the “Revolving Credit First Mortgage Bonds”), and (y) with respect to the Term Loan Facility, $72 million principal amount of the First Mortgage Bonds, Collateral (2004) Series B, due 2011 issued under the South Dakota Mortgage Indenture and $28 million principal amount of the New Mortgage Bonds, Collateral (2004) Series B, due 2011 issued under the South Dakota First Mortgage Indenture (such First Mortgage Bonds, collectively, the “Term Loan First Mortgage Bonds”), shall have been validly authorized, executed and authenticated and validly issued and delivered to the Collateral Agent; and (iii) the Administrative Agent shall have received (I) copies of all opinions, certificates, orders, consents and other documents that are delivered to the trustees under the Indentures as conditions precedent to (or otherwise in connection with) the issuance of the First Mortgage Bonds under the Indentures (together with, in the case of each such opinion that is not addressed to the Collateral Agent, a letter from the counsel rendering such opinion to the effect that the Collateral Agent is entitled to rely on such opinion as if such opinion were addressed to the Collateral Agent), (II) copies of all First Mortgage Approvals and (III) such other opinions, certificates and documents reasonably related to the First Mortgage Bonds, the Indentures (including the Supplemental Indentures) and the Liens and security interests of the Indentures as the Arrangers shall have reasonably requested, and all of the foregoing documents (including without limitation the First Mortgage Approvals, the Supplemental Indentures and the First Mortgage Bonds) shall be in form and substance reasonably satisfactory to the Arrangers.
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Related to Issuance of First Mortgage Bonds

  • Benefits of First Supplemental Indenture Nothing in this First Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this First Supplemental Indenture.

  • Replacement of Notes Upon receipt by the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Surrender of Notes Upon Final Payment By acceptance of any Note, the Holder thereof agrees to surrender such Note to the Indenture Trustee promptly, prior to such Noteholder's receipt of the final payment thereon.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.

  • FORM OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS SECTION 2.01. FORM AND TRANSFERABILITY OF RECEIPTS. SECTION 2.02. DEPOSIT OF SHARES. SECTION 2.03.

  • Purchase of Notes as Principal (a) Subject in all respects to the terms and conditions of the Distribution Agreement, the Trust hereby agrees to sell to the Purchasing Agent and the Purchasing Agent hereby agrees to purchase the Notes having the terms specified in the Pricing Supplement relating to such Notes.

  • Reliance by Transfer Agent; Instructions (a) The Transfer Agent shall be protected in acting upon any paper or document believed by it to be genuine and to have been signed by an Authorized Person and shall not be held to have any notice of any change of authority of any person until receipt of written certification thereof from the Fund. It shall also be protected in processing Share certificates that it reasonably believes to bear the proper manual or facsimile signatures of the officers of the applicable Company and the proper countersignature of the Transfer Agent.

  • Registration of the Notes and Each Note Holder The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial note registrar and the Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in this Section 15, shall be registered in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement. Upon request of a Note Holder, the Agent shall provide such party with the names and addresses of each other Note Holder. To the extent the Trustee or another party is appointed as Agent hereunder, each Note Holder hereby designates such person as its agent under this Section 15 solely for purposes of maintaining the Note Register. In connection with any Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement (unless the transferee is a Securitization Trust and the related pooling and servicing agreement requires the parties thereto to comply with this Agreement), whereby such transferee assumes all of the obligations of the applicable Note Holder hereunder with respect to such Note thereafter accruing and agrees to be bound by the terms of this Agreement, including the applicable restriction on Transfers set forth in Section 14, from and after the date of such assignment. No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize any attempted or purported transfer of any Note in violation of the provisions of Section 14 and this Section 15. Any such purported transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Note Holder desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and each other Note Holder against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.

  • Amendments to Rights Agreement The Rights Agreement is hereby amended as follows:

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