Issue and Designation Sample Clauses
The 'Issue and Designation' clause defines the process by which securities, shares, or other financial instruments are formally created and assigned specific characteristics or classes. Typically, this clause outlines the authority responsible for issuing the instruments, the procedures for their creation, and the manner in which each type or class is designated, such as by series, number, or rights attached. Its core practical function is to ensure clarity and order in the creation and identification of financial instruments, preventing confusion or disputes over their status and attributes.
Issue and Designation. The aggregate principal amount of Debt Securities authorized to be issued and certified under this Indenture is unlimited, provided however that the Debt Securities may be issued under this Indenture only upon and subject to the conditions and limitations in this Indenture.
Issue and Designation. The Notes shall be designated as the “9.25% Senior Secured Notes due November 30, 2018”, and shall be issued in minimum denominations of $1.00 and any integral multiple of $1.00 in excess thereof, for an aggregate principal amount of $800 million. The Notes shall be dated on the Issue Date. The Notes shall become due and payable, together with accrued and unpaid interest thereon on the earlier of November 30, 2018 and any Maturity Date.
Issue and Designation. The Debentures shall be designated as the “Senior Subordinated Exchangeable Debentures due November 30, 2022”, and shall be issued in minimum denominations of $1.00 and any integral multiple of $1.00 in excess thereof, for an aggregate initial principal amount of $107.5 million. The Issuer may from time to time after the Issue Date issue PIK Debentures in accordance with Article 5 in an unlimited principal amount. The Debentures originally issued hereunder shall be dated on the Issue Date and any PIK Debentures issued thereafter shall be dated as of the date of their respective issuance. The Debentures shall become due and payable, together with accrued and unpaid interest thereon on the earlier of November 30, 2022 and any Maturity Date.