2023 Debentures definition

2023 Debentures means the $400 million aggregate principal amount of 3.873% Series 3 senior debentures due November 30, 2023 issued by Granite LP.

2023 Debentures means the 7-3/4% debentures due 2023 issued by the U.S. Borrower pursuant to the 2023 Debentures Indenture.

2023 Debentures means the $400 million of 3.873% Series 3 Senior Debentures due November 30, 2023 issued by Granite LP.

Examples of 2023 Debentures in a sentence

• Interest on the 2023 Debentures is payable semi-annually in arrears on May 30 and November 30 of each year.

• On December 20, 2016, the Trust entered into a cross currency interest rate swap (the “2023 Cross Currency Interest Rate Swap”) to exchange the 3.873% semi-annual interest payments from the 2023 Debentures for Euro denominated payments at a 2.43% fixed interest rate.

• Granite also has the option to redeem the 2023 Debentures at par plus any accrued and unpaid interest within 30 days of the maturity date of November 30, 2023.

• The aggregate principal amount of the 2023 Debentures to be issued shall be as set forth in any Company Order for the authentication and delivery of the 2023 Debentures, pursuant to Section 303 of the Indenture.

• The 2023 Debentures are redeemable, in whole or in part, at Granite’s option at any time and from time to time, at a price equal to accrued and unpaid interest plus the greater of (a) 100% of the principal amount of the 2023 Debentures to be redeemed; and (b) the Canada Yield Price.

• In any such instance, an owner of a beneficial interest in 2023 Debentures will be entitled to physical delivery in definitive form of 2023 Debentures, equal in principal amount to such beneficial interest and to have 2023 Debentures registered in its name as shall be established in a Company Order.

• Upon the original issuance, the 2023 Debentures will be represented by one or more Global Securities registered in the name of Cede & Co., the nominee of The Depository Trust Company (“DTC”).

• The 2023 Debentures and the Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the form set forth in Exhibit A hereto.

• The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided; provided that the provisions of this Supplemental Indenture apply solely with respect to the 2023 Debentures and the 2043 Debentures.

• Any such additional debentures will have the same ranking, interest rate, maturity date and other terms as the 2023 Debentures, except for the issue date and, if applicable, the initial interest accrual date and the initial Interest Payment Date.

More Definitions of 2023 Debentures

2023 Debentures means the Company's 7¾% Debentures due 2023 issued under an indenture dated as of November 1, 1993 between the Company and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee, as amended, amended and restated, replaced, supplemented or otherwise modified from time to time.

2023 Debentures means the Company's 7.75% Debentures due 2023.

2023 Debentures means 8% unsecured debentures due on March 15, 2023, in the original principal amount of US$60,000,000.

2023 Debentures means the Company’s 7¾% Debentures due 2023 issued under an indenture dated as of November 1, 1993 between the Company and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee, as amended.