Examples of Debenture Trust Indenture in a sentence
The terms of the Debentures will be set out in the Senior Debenture Trust Indenture.
The Debenture Trust Indenture provides, among other things, that any action which may be taken and all powers that may be exercised by debentureholders at a meeting may also be taken and exercised by an instrument in writing signed by the holders of not less than 66 Ҁ% of the principal amount of outstanding Debentures.
The Debentureholder Resolution, if passed by the holders of the 2010 Debentures and the 2011 Debentures in accordance with the provisions of the Debenture Trust Indenture, will be binding upon all Debentureholders of such series.
For the Debentureholder Resolution to be adopted in respect of a series of Debentures in accordance with the provisions of the Debenture Trust Indenture, it must be approved by the holders of not less than 66Ҁ% of the principal amount of each of the 2010 Debentures and the 2011 Debentures, present or represented by proxy at the Debentureholder Meeting and entitled to vote on the Debentureholder Resolution, each voting separately as a series.
From and after October 31, 2015 and prior to maturity, the Amended Debentures will be redeemable in whole or in part at the option of the Trust, on not more than 60 days and not less than 40 days prior notice, at $1,000 per Amended Debenture, plus accrued and unpaid interest.Other than the foregoing amendments, the Debenture Trust Indenture will remain unchanged.
Quorum and Votes Necessary to Pass the Debentureholder Resolution Under the Debenture Trust Indenture, the quorum necessary for the transaction of business at the Debentureholder Meeting consists of one or more Debentureholders present in person or by proxy and representing at least 25% in principal amount of the outstanding Debentures and at least 25% in principal amount of each of the 2010 Debentures and 2011 Debentures.
The Debentureholder Resolution, if passed by the holders of the 2010 Debentures and the 2011 Debentures at the Debentureholder Meeting, or any adjournment thereof, in accordance with the provisions of the Debenture Trust Indenture, will be binding upon the Debentureholders, whether present or absent from the Debentureholder Meeting.
If the Trust elects to proceed in this manner, instruments in writing signed by the Debentureholders in accordance with the provisions of the Debenture Trust Indenture shall be binding upon all Debentureholders, whether signatories thereto or not, and each and every Debentureholder and the Debenture Trustee shall be bound to give effect accordingly to such Debentureholder Resolution and instruments in writing.
The Senior Debenture Trust Indenture authorizes the REIT to issue an unlimited aggregate principal amount of Debt Securities (as defined below) in one or more series, which include the Debentures.
Each such issue, other than the initial senior debentures which shall have been issued under the Senior Debenture Trust Indenture, will be made by way of a supplemental indenture which will set out the terms of the relevant series of Debt Securities.