Common use of Temporary Debentures Clause in Contracts

Temporary Debentures. Until definitive Debentures are ready for delivery, the Company may execute and the Trustee shall authenticate and deliver temporary Debentures. Temporary Debentures shall be substantially in the form of definitive Debentures but may have variations that the Company reasonably considers appropriate for temporary Debentures. Without unreasonable delay, the Company shall prepare definitive Debentures. After the preparation of definitive Debentures, the temporary Debentures shall be exchangeable for definitive Debentures upon surrender of the temporary Debentures at any office or agency maintained by the Company for that purpose and such exchange shall be without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debentures, the Company shall execute, and the Trustee shall authenticate and make available for delivery in exchange therefor, one or more definitive Debentures representing an equal principal amount of Debentures. Until so exchanged, the Holder of temporary Debentures shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Debentures.

Appears in 2 contracts

Samples: Oxford Health Plans Inc, Oxford Health Plans Inc

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Temporary Debentures. Until definitive Debentures are ready for delivery, the Company may prepare and execute and the Trustee shall authenticate and deliver temporary Debentures. Temporary Debentures shall be substantially in the form of definitive Debentures but may have insertions, substitutions, omissions and other variations that determined to be appropriate by the Company reasonably considers appropriate for Officers executing the temporary Debentures, as evidenced by their execution of such temporary Debentures. Without unreasonable delayIf temporary Debentures are issued, the Company shall prepare will cause definitive DebenturesDebentures to be prepared without unreasonable delay. After the preparation of definitive Debentures, the temporary Debentures shall be exchangeable for definitive Debentures upon surrender of the temporary Debentures at any the office or agency maintained by of the Company designated for that such purpose and such exchange shall be pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debentures, Debentures the Company shall execute, execute and the Trustee shall authenticate and make available for delivery deliver in exchange therefor, one or more definitive Debentures representing an equal therefor a like principal amount of Debenturesdefinitive Debentures of authorized denominations. Until so exchanged, the Holder of temporary Debentures shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Debentures.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Indenture (Regal Cinemas Inc)

Temporary Debentures. Until definitive Debentures are ready for delivery, the Company may execute prepare and the Trustee shall authenticate and deliver temporary Debentures. Temporary Debentures shall be substantially in the form of definitive Debentures but may have insertions, substitutions, omissions and other variations that determined to be appropriate by the Company reasonably considers appropriate for Officers executing the temporary Debentures, as evidenced by their execution of such temporary Debentures. Without unreasonable delayIf temporary Debentures are issued, the Company shall prepare will cause definitive DebenturesDebentures to be prepared without unreasonable delay. After the preparation of definitive Debentures, the temporary Debentures shall be exchangeable for definitive Debentures upon surrender of the temporary Debentures at any the office or agency maintained by of the Company designated for that such purpose and such exchange shall be pursuant to Section 6.03, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debentures, Debentures the Company shall execute, execute and the Trustee shall authenticate and make available for delivery deliver in exchange therefor, one or more definitive Debentures representing an equal therefor a like principal amount of Debenturesdefinitive Debentures of authorized denominations. Until so exchanged, the Holder of temporary Debentures shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Debentures.

Appears in 1 contract

Samples: Viatel Inc

Temporary Debentures. Until definitive Debentures are -------------------- ready for delivery, the Company may execute prepare and the Trustee shall authenticate and deliver temporary Debentures. Temporary Debentures shall be substantially in the form of definitive Debentures but may have insertions, substitutions, omissions and other variations that determined to be appropriate by the Company reasonably considers appropriate for Officers executing the temporary Debentures, as evidenced by their execution of such temporary Debentures. Without unreasonable delayIf temporary Debentures are issued, the Company shall prepare will cause definitive DebenturesDebentures to be prepared without unreasonable delay. After the preparation of definitive Debentures, the temporary Debentures shall be exchangeable for definitive Debentures upon surrender of the temporary Debentures at any the office or agency maintained by of the Company designated for that such purpose and such exchange shall be pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debentures, Debentures the Company shall execute, execute and the Trustee shall authenticate and make available for delivery deliver in exchange therefor, one or more definitive Debentures representing an equal therefor a like principal amount of Debenturesdefinitive Debentures of authorized denominations. Until so exchanged, the Holder of temporary Debentures shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Debentures.

Appears in 1 contract

Samples: Silgan Holdings Inc

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Temporary Debentures. Until definitive Debentures are ready for delivery, the Company may prepare and execute and the Trustee shall authenticate and deliver temporary Debentures. Temporary Debentures shall be substantially in the form of definitive Debentures but may have insertions, substitutions, omissions and other variations that determined to be appropriate by the Company reasonably considers appropriate for Officers executing the temporary Debentures, as evidenced by their execution of such temporary Debentures. Without unreasonable delayIf temporary Debentures are issued, the Company shall prepare will cause definitive DebenturesDebentures to be prepared without unreasonable delay. After the preparation of definitive Debentures, the temporary Debentures shall be exchangeable for definitive Debentures upon surrender of the temporary Debentures at any the office or agency maintained by of the Company designated for that such purpose and such exchange shall be pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debentures, Debentures the Company shall execute, execute and the Trustee shall authenticate and make available for delivery deliver in exchange therefor, one or more definitive Debentures representing an equal therefor a like principal amount of Debentures. Until so exchanged, the Holder definitive Debentures of temporary Debentures shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Debentures.authorized

Appears in 1 contract

Samples: Indenture (Aon Corp)

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