Temporary Obligations Clause Samples
Temporary Obligations. Pending the preparation of definitive Additional Obligations, the Company may execute, and upon Company Request the Trustee shall authenticate and deliver, temporary Additional Obligations which are printed, lithographed, typewritten, mimeographed, copied or otherwise produced or reproduced, in any authorized denomination, substantially of the tenor of the definitive Additional Obligations in lieu of which they are issued, and with such appropriate insertions, omissions, substitutions and other variations as the Officers executing such Additional Obligations may determine, as evidenced by their execution of such Additional Obligations. If temporary Additional Obligations are issued, the Company will cause definitive Additional Obligations to be prepared without unreasonable delay. After the preparation of definitive Additional Obligations, the temporary Additional Obligations shall be exchangeable for definitive Additional Obligations upon surrender of the temporary Additional Obligations at the office or agency of the Trustee in a Place of Payment therefor, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Additional Obligations, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Additional Obligations of authorized denominations. Until so exchanged, temporary Additional Obligations shall in all respects be entitled to the benefits of this Indenture.
Temporary Obligations. There may be issued from time to time in lieu of (or in exchange for) any definitive Obligation or Obligations one or more temporary Obligations of like series and Stated Maturity, with a Guarantee of the United States endorsed thereon and authenticated by the Indenture Trustee, substantially of the same tenor as the definitive Obligations in lieu of (or in exchange for) which they are issued, with or without the specification of any Redemption Price or Prices. Such temporary Obligation or Obligations may be in such authorized denomination or denominations as shall be stated in a Request of the Shipowner delivered to the Indenture Trustee prior to the authentication thereof, which Request shall specify the aggregate principal amounts and the series and Stated Maturities of such temporary Obligations. If definitive Obligations are not ready for delivery, the Holder of any temporary Obligation may, at the Corporate Trust Office, with the consent of the Shipowner, exchange the same for a temporary Obligation or Obligations of like series, tenor, interest accrual date and Stated Maturity of authorized denominations for the same aggregate principal amount upon the surrender for cancellation of such temporary Obligation or Obligations. When definitive Obligations are ready for delivery, the Holder of any temporary Obligation may, at the Corporate Trust Office, exchange the same without charge for a definitive Obligation or Obligations of like series, tenor, interest accrual date and Stated Maturity of authorized denominations for the same aggregate principal amount.
Temporary Obligations. 5 SECTION 2.10. Registration, Transfer and Exchange.................6 SECTION 2.11. Who Treated as Owners...............................7 SECTION 2.12. Lost, Stolen, Destroyed or Mutilated Obligations....7 SECTION 2.13. Reacquired Obligations, Cancellation and Disposition of Obligations..................8
Temporary Obligations. Prior to the preparation of definitive obligations of any series, the Board may, under like restrictions, issue interim receipts, interim certificates, or temporary obligations, exchangeable for definitive obligations when such Obligations have been executed and are
Temporary Obligations. 22 3.7 Registration; Registration of Transfer and Exchange...........................................22 3.8 Mutilated, Destroyed, Lost and Stolen Obligations.............................................23 3.9 Payment of Interest; Interest Rights Preserved................................................24 3.10 Persons Deemed Owners.........................................................................25 4. AUTHENTICATION AND DELIVERY OF ADDITIONAL OBLIGATIONS..................................................25 5. DEFEASANCE.............................................................................................26