Common use of Series of Bonds Clause in Contracts

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " Series " (herein sometimes called the " Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) shall be issued as fully registered bonds in the denomination of One Thousand Dollars and, at the option of the Company, in any multiple or multiples of One Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 of the Mortgage provided. Each bond of the __________ Series shall (a) be issued in such principal amount, (b) mature on such date (not more than ______ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts.

Appears in 2 contracts

Samples: Louisiana Power & Light Co /La/, Arkansas Power & Light Co

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Series of Bonds. SECTION Section 1. (I) There shall be a series of bonds designated " “____% Series " due ________________” (herein sometimes called referred to as the " “___________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) _ Series shall be dated as in Section 10 of the Mortgage provided, mature on ________________, be issued as fully registered bonds in the denomination denominations of One Thousand ________ Dollars and, at the option of the Company, in any multiple or multiples of One Thousand _________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), ) and shall be dated as in Section 10 of the Mortgage provided. Each bond of the bear interest from ____________ Series shall (acomputed on the basis of a 360-day year of twelve thirty-day months) be issued in such principal amount[at the rate of ____% per annum, (b) mature payable semi-annually on such date (not more than ________ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall of each year]** Bracketed material to be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the changed if bonds of the Series to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such bonds or if such bonds shall bear interest payable other than semi-annually., commencing __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of , the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Any payment of principal of or interest on any bond of the ___________ Series that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any such bond of the ___________ Series is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. [Redemption provisions, if any, will be inserted here.]

Appears in 1 contract

Samples: Supplemental Indenture (Allete Inc)

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " "Secured Medium-Term Notes, Series " (____", herein sometimes called referred to as the " Series")" _________, each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued from time to time in the an aggregate principal amount not to exceed $_________ at any one time Outstanding except as provided in Section 16 of the Mortgage. [The amount which may be Outstanding from time to time will be stated in one or more notices of receipt of advance under mortgage providing for future advances (a form of which is annexed hereto) executed by the Company and recorded in Palm Beach County, Florida, and in one or more acknowledgements of future advance (a form of which is annexed hereto) executed by FPL and the Trustee and recorded in Monroe County, Georgia.] Bonds of the __) ________ Series shall be issued as fully registered bonds in the denomination denominations of One [One] Thousand Dollars and, at the option of the CompanyFPL, in any larger amount that is an integral multiple or multiples of One [One] Thousand Dollars or any other denominations (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 of the Mortgage provided. Each ; each bond of the __________ Series shall (a) be issued in such principal amount, (b) mature on [such date (not more less than ______ (__) years after the date of the execution and delivery of this __ months nor more than __________ Supplemental Indentureyears from date of issue,] shall bear interest at [such rate or rates (which may be either fixed or variable) and (c) have such other terms and provisions, all provisions not inconsistent with the Mortgage as shall be specified by the Company Board of Directors may determine in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in accordance with a Resolution filed with the Trustee referring to this ______________ Supplemental Indenture. The ]; interest on bonds of the __________ Series shall not bear interest. --------------------- ** The principal provisions in this Section 1 will be inserted in supplemental indentures relating to the issuance of and interest on each said bond shall be payable at First Mortgage Bonds designated Secured Medium Term Notes, provided that the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debtsbracketed language may change.

Appears in 1 contract

Samples: Supplemental Indenture (Florida Power & Light CO Trust II)

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " % Series ----- due " (herein sometimes called referred to as the " Series"), -------------- ---------- each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which ---------- shall be issued dated as in Section 10 of the aggregate principal amount not to exceed $__________) shall Mortgage provided, mature on , be issued as fully registered bonds in the denomination denominations of One ------------- Thousand Dollars and, at the option of the Company, in any multiple or multiples of One Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 of the Mortgage provided. Each bond of the __________ Series shall (a) be issued in such principal amount, (b) mature on such date (not more than ______ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms bear interest [at the rate of % per ----- annum, payable semi-annually on and provisionsof each year]*, all as shall -------- ----------- ------------------------ * Bracketed material to be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the changed if bonds of the __________ Series (each to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such written order being hereinafter sometimes referred to as a "Company Order")bonds or if such bonds shall bear interest payable other than semi-annually. commencing , such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall to --------------- be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts.

Appears in 1 contract

Samples: Supplemental Indenture (Minnesota Power Inc)

Series of Bonds. SECTION Section 1. (I) There shall be a series of bonds designated " “____% Series " due ________________” (herein sometimes called referred to as the " “___________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) _ Series shall be dated as in Section 10 of the Mortgage provided, mature on ________________, be issued as fully registered bonds in the denomination denominations of One Thousand ________ Dollars and, at the option of the Company, in any multiple or multiples of One Thousand _________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), ) and shall be dated as in Section 10 of the Mortgage provided. Each bond of the bear interest from ____________ Series shall (acomputed on the basis of a 360-day year of twelve thirty-day months) be issued in such principal amount[at the rate of ____% per annum, (b) mature payable semi-annually on such date (not more than ________ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisionsof each year]4, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the commencing __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of , the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Any payment of principal of or interest on any bond of the ___________ Series that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such * Bracketed material to be changed if bonds of the Series to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such bonds or if such bonds shall bear interest payable other than semi-annually. next succeeding Business Day; provided that if the maturity date of any such bond of the ___________ Series is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. [Redemption provisions, if any, will be inserted here.]

Appears in 1 contract

Samples: Allete Inc

Series of Bonds. SECTION Section 1. (I) There shall be a series of bonds designated " “____% Series " due ________________” (herein sometimes called referred to as the " “___________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) _ Series shall be dated as in Section 10 of the Mortgage provided, mature on ________________, be issued as fully registered bonds in the denomination denominations of One Thousand Dollars and, at the option of the Company, in any multiple or multiples of One Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), ) and shall be dated as in Section 10 of the Mortgage provided. Each bond of the bear interest from ____________ Series shall (acomputed on the basis of a 360-day year of twelve thirty-day months) be issued in such principal amount[at the rate of ____% per annum, (b) mature payable semi-annually on such date (not more than ________ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisionsof each year]*, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the commencing __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of , the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Any payment of principal of or interest on any bond of the ___________ Series that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any such bond of the ___________ Series is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. [Redemption provisions, if any, will be inserted here.] * Bracketed material to be changed if bonds of the Series to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such bonds or if such bonds shall bear interest payable other than semi-annually.

Appears in 1 contract

Samples: ________________________ Supplemental Indenture (Allete Inc)

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " "Secured Medium-Term Notes, Series " (", herein ------ sometimes called referred to as the " Series"), each of ------------------- which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be ------------------- issued from time to time in the an aggregate principal amount not to exceed $__________$ at any one time Outstanding except as ------------------- provided in Section 16 of the Mortgage. [The amount which may be Outstanding from time to time will be stated in one or more notices of receipt of advance under mortgage providing for future advances (a form of which is annexed hereto) executed by the Company and recorded in Palm Beach County, Florida, and in one or more acknowledgements of future advance (a form of which is annexed hereto) executed by FPL and the Trustee and recorded in Monroe County, Georgia.] Bonds of the Series ------------------- shall be issued as fully registered bonds in the denomination denominations of [One Hundred] Thousand Dollars and, at the option of the CompanyFPL, in any larger amount that is an integral multiple or multiples of One [One] Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 of the Mortgage provided. Each ; each bond of the __________ Series shall (a) be issued in such principal amount, (b) mature on [such date (not less ------------------- than months nor more than ______ (__) ---------------- --------------- years after the from date of the execution and delivery of this __________ Supplemental Indentureissue,] shall bear interest at [such rate or rates (which may be either fixed or variable) and (c) have such other terms and provisions, all provisions not inconsistent with the Mortgage as shall be specified by the Company Board of Directors may determine in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in accordance with a Resolution filed with the Trustee referring to this __________ ------------------- Supplemental Indenture. The ]; interest on bonds of the __________ Series shall not [which bear interest. The principal of and interest on each said bond at a fixed rate] ------------------- shall be payable [semi-annually on and ------------------- of each year] and at maturity (each an ------------------- interest payment date); interest on bonds of the Series [which bear interest at a variable ------------------- rate] shall be payable [on the dates established on the Issue Date [or the Original Interest Accrual Date] with respect to such bonds and shall be set forth in such bonds.] [Notwithstanding the foregoing, so long as there is no existing default in the payment of interest on the bonds of the ------------------- Series, all bonds of the Series authenticated ------------------- by the Trustee after the Record Date hereinafter specified for any interest payment date, and prior to such interest payment date (unless the Issue Date [or the Original Interest Accrual Date] is after such Record Date), shall be dated the date of authentication, but shall bear interest from such interest payment date, and the person in whose name any bond of the Series is registered at the office or agency close of business ------------------- --------------------- ** The provisions in this Section 1 will be inserted in supplemental indentures relating to the Company in issuance of First Mortgage Bonds designated Secured Medium Term Notes, provided that the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debtsbracketed language may change.

Appears in 1 contract

Samples: Indenture (Florida Power & Light Co)

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " "Secured Medium-Term Notes, Series " (_____", herein sometimes called referred to as the " ___________ Series"), herein sometimes referred to as the ________ Series, each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the __________ Series (which shall be issued from time to time in the an aggregate principal amount not to exceed $________ at any one time Outstanding except as provided in Section 16 of the Mortgage. [The amount which may be Outstanding from time to time will be stated in one or more notices of receipt of advance under mortgage providing for future advances (a form of which is annexed hereto) executed by the Company and recorded in Palm Beach County, Florida, and in one or more acknowledgements of future advance (a form of which is annexed hereto) executed by FPL and the Trustee and recorded in Monroe County, Georgia.] Bonds of the ___) ________ Series shall be issued as fully registered bonds in the denomination denominations of One [One] Thousand Dollars and, at the option of the CompanyFPL, in any larger amount that is an integral multiple or multiples of One [One] Thousand Dollars or any other denominations (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 ; each bond of the ___________ Series shall mature on [such date not less than ____________ months nor more than _________ years from date of issue,] shall bear interest at [such rate or rates (which may be either fixed or variable) and have such other terms and provisions not inconsistent with the Mortgage provided. Each bond as the Board of Directors may determine in accordance with a Resolution filed with the Trustee referring to this Supplemental Indenture]; interest on bonds of the __________ Series [which bear interest at a fixed rate] shall be payable [semi-annually on and of each year] and at maturity (a) be issued in such principal amount, (b) mature each an interest payment date); interest on such date (not more than ______ (__) years after the date bonds of the execution and delivery of this ___________ Supplemental Indenture) and (c) have such other terms and provisions, all as Series [which bear interest at a variable rate] shall be specified by payable [on the Company dates established on the Issue Date [or the Original Interest Accrual Date] with respect to such bonds and shall be set forth in a written ordersuch bonds.] [Notwithstanding the foregoing, or orders, executed by so long as there is no existing default in the Chairman payment of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to interest on the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order")Series, such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The all bonds of the __________ Series shall not bear interest. The principal of authenticated by the Trustee after the Record Date hereinafter specified for any interest payment date, and prior to such interest on each said bond payment date (unless the Issue Date [or the Original Interest Accrual Date] is after such Record Date), shall be payable dated the date of authentication, but shall bear interest from such interest payment date, and the person in whose name any bond of the ___________ Series is registered at the office or agency close of business on any Record Date with respect to any interest payment date shall be entitled to receive the Company interest payable on such interest payment date, notwithstanding the cancellation -------------------- ** The provisions in this Section 1 will be inserted in supplemental indentures relating to the Borough issuance of ManhattanFirst Mortgage Bonds designated Secured Medium Term Notes, The City of New York, in such coin or currency of provided that the United States of America as at the time of payment is legal tender for public and private debtsbracketed language may change.

Appears in 1 contract

Samples: Florida Power & Light Co

Series of Bonds. SECTION Section 1. (I1(I) There shall be a series of bonds designated " “____% Series " (due _________, ____,” herein sometimes called referred to as the " “_____________________ Series"), ,” each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) ___________ Series shall mature on __________, ____ and shall be issued as fully registered bonds in the denomination denominations of One Thousand ____________ Dollars and, at the option of the CompanyFPL, in any multiple or integral multiples of One Thousand ____________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof); they shall bear interest at the rate of ____% per annum, payable semi-annually on _______ and shall be dated as in Section 10 _________ of the Mortgage provided. Each bond of the each year (each an “Interest Payment Date”) commencing on __________ Series shall (a) be issued in such principal amount, (b) mature on such date (not more than ______ (__) years after ; the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company FPL in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Bonds of the _____________________ Series shall be dated as in Section 10 of the Mortgage provided. The record date for payments of interest on any Interest Payment Date shall be the close of business on (1) the Business Day (as defined below) immediately preceding such Interest Payment Date so long as all of the bonds of the _____________________ Series are held by a securities depository in book-entry only form or (2) the 15th calendar day immediately preceding such Interest Payment Date if any of the bonds of the _____________________ Series are not held by a securities depository in book-entry only form. Interest on the bonds of the _____________________ Series will accrue from and including ____________, ____ to but excluding _______, ____ and, thereafter, from and including the last Interest Payment Date to which interest has been paid or duly provided for (and if no interest has been paid on the bonds of the _____________________ Series, from ________________) to but excluding the next succeeding Interest Payment Date. No interest will accrue on a bond of the _____________________ Series for the day on which such bond matures. The amount of interest payable for any period will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full semi-annual period for which interest is computed will be computed on the basis of the number of days in the period using 30-day calendar months. If any date on which interest, principal or premium, if any, is payable on the bonds of the _____________________ Series falls on a day that is not a Business Day, then payment of the interest, principal or premium payable on that date will be made on the next succeeding day which is a Business Day, and without any interest or other payment in respect of such delay. A “Business Day” is any day that is not a Saturday, a Sunday, or a day on which banking institutions or trust companies in New York City are generally authorized or required by law or executive order to remain closed.

Appears in 1 contract

Samples: Florida Power & Light Co

Series of Bonds. SECTION Section 1. (I1(I) There shall be a series of bonds designated " “____% Series " (due _________, ____”, herein sometimes called referred to as the " “_____________________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) ___________ Series shall mature on __________, ____ and shall be issued as fully registered bonds in the denomination denominations of One Thousand ____________ Dollars and, at the option of the CompanyFPL, in any multiple or integral multiples of One Thousand ____________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof); they shall bear interest at the rate of ____% per annum, payable semi-annually on _______ and shall be dated as in Section 10 _________ of the Mortgage provided. Each bond of the each year (each an “Interest Payment Date”) commencing on __________ Series shall (a) be issued in such principal amount, (b) mature on such date (not more than ______ (__) years after ; the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company FPL in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Bonds of the _____________________ Series shall be dated as in Section 10 of the Mortgage provided. The record date for payments of interest on any Interest Payment Date shall be the close of business on (1) the Business Day (as defined below) immediately preceding such Interest Payment Date so long as all of the bonds of the _____________________ Series are held by a securities depository in book-entry only form or (2) the 15th calendar day immediately preceding such Interest Payment Date if any of the bonds of the _____________________ Series are not held by a securities depository in book-entry only form. Interest on the bonds of the _____________________ Series will accrue from and including ____________, ____ to but excluding _______, ____ and, thereafter, from and including the last Interest Payment Date to which interest has been paid or duly provided for (and if no interest has been paid on the bonds of the _____________________ Series, from ________________) to but excluding the next succeeding Interest Payment Date. No interest will accrue on a bond of the _____________________ Series for the day on which such bond matures. The amount of interest payable for any period will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full semi-annual period for which interest is computed will be computed on the basis of the number of days in the period using 30-day calendar months. If any date on which interest, principal or premium is payable on the bonds of the _____________________ Series falls on a day that is not a Business Day, then payment of the interest, principal or premium payable on that date will be made on the next succeeding day which is a Business Day, and without any interest or other payment in respect of such delay. A “Business Day” is any day that is not a Saturday, a Sunday, or a day on which banking institutions or trust companies in New York City are generally authorized or required by law or executive order to remain closed.

Appears in 1 contract

Samples: Florida Power & Light Co

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Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " “____% Series " due ________________” (herein sometimes called referred to as the " “___________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) _ Series shall be dated as in Section 10 of the Mortgage provided, mature on ________________, be issued as fully registered bonds in the denomination denominations of One Thousand Dollars and, at the option of the Company, in any multiple or multiples of One Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), ) and shall be dated as in Section 10 of the Mortgage provided. Each bond of the bear interest from ____________ Series shall (acomputed on the basis of a 360-day year of twelve thirty-day months) be issued in such principal amount[at the rate of ____% per annum, (b) mature payable semi-annually on such date (not more than ________ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisionsof each year]*, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the commencing __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of , the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Any payment of principal of or interest on any bond of the ___________ Series that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any such bond of the ___________ Series is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. [Redemption provisions, if any, will be inserted here.]

Appears in 1 contract

Samples: Allete Inc

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " “____% Series " due ________________” (herein sometimes called referred to as the " “___________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) _ Series shall be dated as in Section 10 of the Mortgage provided, mature on ________________, be issued as fully registered bonds in the denomination denominations of One Thousand ________ Dollars and, at the option of the Company, in any multiple or multiples of One Thousand _________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), ) and shall be dated as in Section 10 of the Mortgage provided. Each bond of the bear interest from ____________ Series shall (acomputed on the basis of a 360-day year of twelve thirty-day months) be issued in such principal amount[at the rate of ____% per annum, (b) mature payable semi-annually on such date (not more than ________ (__) years after the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisionsof each year]*, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the commencing __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of , the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Any payment of principal of or interest on any bond of the ___________ Series that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any such bond of the ___________ Series is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. [Redemption provisions, if any, will be inserted here.] * Bracketed material to be changed if bonds of the Series to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such bonds or if such bonds shall bear interest payable other than semi-annually.

Appears in 1 contract

Samples: Allete Inc

Series of Bonds. SECTION Section 1. (I1(I) There shall be a series of bonds designated " “____% Series " (due _________, ____”, herein sometimes called referred to as the " “_____________________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the Series (which shall be issued in the aggregate principal amount not to exceed $__________) ___________ Series shall mature on __________, ____ and shall be issued as fully registered bonds in the denomination denominations of One Thousand ____________ Dollars and, at the option of the CompanyFPL, in any multiple or integral multiples of One Thousand ____________ Dollars (the exercise of such option to be evidenced by the execution and delivery thereof); they shall bear interest at the rate of ____% per annum, payable semi-annually on _______ and shall be dated as in Section 10 _________ of the Mortgage provided. Each bond of the each year (each an “Interest Payment Date”) commencing on __________ Series shall (a) be issued in such principal amount, (b) mature on such date (not more than ______ (__) years after ; the date of the execution and delivery of this __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company FPL in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. Bonds of the _____________________ Series shall be dated as in Section 10 of the Mortgage provided. The record date for payments of interest on any Interest Payment Date shall be the close of business on (1) the Business Day (as defined below) immediately preceding such Interest Payment Date so long as all of the bonds of the _____________________ Series are held by a securities depository in book-entry only form or (2) the 15th calendar day immediately preceding such Interest Payment Date if any of the bonds of the _____________________ Series are not held by a securities depository in book-entry only form. Interest on the bonds of the _____________________ Series will accrue from and including ____________, ____ to but excluding _______, ____ and, thereafter, from and including the last Interest Payment Date to which interest has been paid or duly provided for (and if no interest has been paid on the bonds of the _____________________ Series, from ________________) to but excluding the next succeeding Interest Payment Date. No interest will accrue on a bond of the _____________________ Series for the day on which such bond matures. The amount of interest payable for any period will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full semi-annual period for which interest is computed will be computed on the basis of the number of days in the period using 30-day calendar months. If any date on which interest, principal or premium, if any, is payable on the bonds of the _____________________ Series falls on a day that is not a Business Day, then payment of the interest, principal or premium payable on that date will be made on the next succeeding day which is a Business Day, and without any interest or other payment in respect of such delay. A “Business Day” is any day that is not a Saturday, a Sunday, or a day on which banking institutions or trust companies in New York City are generally authorized or required by law or executive order to remain closed.

Appears in 1 contract

Samples: Florida Power & Light Co

Series of Bonds. SECTION Section 1. (I) There shall be a series of bonds designated " “_____% Series " due ______________” (herein sometimes called referred to as the " “__________ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the __________ Series (which shall be issued dated as in Section 10 of the aggregate principal amount not to exceed $Mortgage provided, mature on __________) shall ___, be issued as fully registered bonds in the denomination denominations of One Thousand Dollars and, at the option of the Company, in any multiple or multiples of One Thousand Dollars (the exercise of such option to be evidenced by the execution and delivery thereof)) and bear interest [at the rate of _____% per annum, payable semi-annually on ________ and shall be dated as in Section 10 of the Mortgage provided. Each bond of the ___________ Series shall (a) be issued in such principal amountof each year]*, (b) mature on such date (not more than ______ (__) years after the date of the execution and delivery of this commencing __________ Supplemental Indenture) and (c) have such other terms and provisions, all as shall be specified by the Company in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in a Resolution filed with the Trustee referring to this __________ Supplemental Indenture. The bonds of the __________ Series shall not bear interest. The principal of and interest on each said bond shall to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. [Redemption provisions, if any, will be inserted here.] * Bracketed material to be changed if bonds of the Series to which this Supplemental Indenture shall relate shall bear interest at a rate which may be changed during the life of such bonds or if such bonds shall bear interest payable other than semi-annually.

Appears in 1 contract

Samples: _______________ Supplemental Indenture (Allete Inc)

Series of Bonds. SECTION 1. (I) There shall be a series of bonds designated " "Secured Medium-Term Notes, Series " (___", herein sometimes called referred to as the " _____ Series"), each of which shall also bear the descriptive title "First Mortgage Bond", and the form thereof, which shall be established by Resolution of the Board of Directors of the CompanyFPL, shall contain suitable provisions with respect to the matters hereinafter in this Section specified. Bonds of the _____ Series (which shall be issued from time to time in the an aggregate principal amount not to exceed $__________ at any one time Outstanding except as provided in Section 16 of the Mortgage. [The amount which may be Outstanding from time to time will be stated in one or more notices of receipt of advance under mortgage providing for future advances (a form of which is annexed hereto) executed by the Company and recorded in Palm Beach County, Florida, and in one or more acknowledgements of future advance (a form of which is annexed hereto) executed by FPL and the Trustee and recorded in Monroe County, Georgia.] Bonds of the _) _____ Series shall be issued as fully registered bonds in the denomination denominations of One [One] Thousand Dollars and, at the option of the CompanyFPL, in any larger amount that is an integral multiple or multiples of One [One] Thousand Dollars or any other denominations (the exercise of such option to be evidenced by the execution and delivery thereof), and shall be dated as in Section 10 of the Mortgage provided. Each ; each bond of the ______ Series shall mature on [such date not less than ______ Series shall (a) be issued in such principal amount, (b) mature on such date (not months nor more than ______ (__) years after the from date of the execution and delivery of this __________ Supplemental Indentureissue,] shall bear interest at [such rate or rates (which may be either fixed or variable) and (c) have such other terms and provisions, all provisions not inconsistent with the Mortgage as shall be specified by the Company Board of Directors may determine in a written order, or orders, executed by the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Company, delivered to the Trustee referring to the bonds of the __________ Series (each such written order being hereinafter sometimes referred to as a "Company Order"), such specification by such an officer of the Company having been heretofore authorized in accordance with a Resolution filed with the Trustee referring to this _______ Supplemental Indenture]; interest on bonds of the ______ Supplemental Indenture. The bonds of the Series [which bear interest at a fixed rate] shall be payable [semi-annually on ____________ Series shall not bear interest. The principal and ___________ of each year] and at maturity (each an interest payment date); interest on each said bond bonds of the _____ Series [which bear interest at a variable rate] shall be payable [on the dates established on the Issue Date [or the Original Interest Accrual Date] with respect to such bonds and shall be set forth in such bonds.] [Notwithstanding the foregoing, so long as there is no existing default in the payment of interest on the bonds of the _____ Series, all bonds of the _____ Series authenticated by the Trustee after the Record Date hereinafter specified for any interest payment date, and prior to such interest payment date (unless the Issue Date [or the Original Interest Accrual Date] is after such Record Date), shall be dated the date of authentication, but shall bear interest from such interest payment date, and the person in whose name any bond of the_____ Series is registered at the office or agency close of business on any Record Date with respect to any interest payment date shall be entitled to receive the Company interest payable on such interest payment date, notwithstanding the cancellation ------------------- ** The provisions in this Section 1 will be inserted in supplemental indentures relating to the Borough issuance of ManhattanFirst Mortgage Bonds designated Secured Medium Term Notes, The City of New York, in such coin or currency of provided that the United States of America as at the time of payment is legal tender for public and private debtsbracketed language may change.

Appears in 1 contract

Samples: Florida Power & Light Co

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