TRUPS Notes Sample Clauses

TRUPS Notes. (a) The Company shall be permitted to have outstanding from time to time TRUPS Notes in an aggregate principal amount outstanding at any time not in excess of $600,000,000, of which the Company shall not have outstanding at any time in excess of $350,000,000 aggregate principal amount of TRUPS Notes that are not subordinated to the indebtedness of the Company under this Agreement on terms identical in all substantive respects to the terms set forth in Annex M; provided that TRUPS Notes that are not so subordinated shall further be limited to an aggregate principal amount from time to time outstanding not in excess of the aggregate amount, if any, receivable by the Company pursuant to Stock Purchase Contracts having a mandatory settlement date prior to the stated maturity of such TRUPS Notes; and provided, further, that TRUPS Notes may be repaid in accordance with the last sentence of Section 15.02. (b) TRUPS Notes other than those permitted in accordance with Section 8.19(a) shall constitute "Debt" of the Company.