Common use of Principal Amount; Reopening Clause in Contracts

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 3 contracts

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services), Fiscal and Paying Agency Agreement (Discover Financial Services), Fiscal and Paying Agency Agreement (Discover Financial Services)

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Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,0001,000,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 2 contracts

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services), Fiscal and Paying Agency Agreement (Discover Financial Services)

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,000500,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 2 contracts

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services), Fiscal and Paying Agency Agreement (Discover Financial Services)

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,0001,250,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services)

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,000400,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services)

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Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,000900,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services)

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,0001,000,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term "Notes" includes any such additional Notes.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Santander Holdings USA, Inc.)

Principal Amount; Reopening. The aggregate principal amount of the Notes that may be authenticated and issued under this Agreement is initially limited to $750,000,000800,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.4, 2.6 or 2.9; provided, however, that the Bank may, so long as no Event of Default (as defined in the Notes) has occurred and is continuing, reopen the Notes to issue additional Notes on the same terms and conditions (except for issue date and offering price), with the same CUSIP number as the Notes and which shall form a single series with the originally issued Notes, without the consent of the holders of the Notes; provided, however, that such additional Notes must be fungible with the originally issued Notes for U.S. federal income tax purposes. As used herein, the term “Notes” includes any such additional Notes.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Discover Financial Services)

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