Debenture Trustees definition
Examples of Debenture Trustees in a sentence
If any mutilated Security is surrendered to the Debenture Trustee, or the Corporation and the Debenture Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, the Corporation shall issue and the Debenture Trustee shall authenticate a replacement Security if the Debenture Trustee's requirements for replacements of Securities are met.
The Securities and the Debenture Trustee's certificate of authentication shall be substantially in the form of Exhibit A hereto, the terms of which are incorporated in and made a part of this Indenture.
The Debenture Trustee's compensation shall not be limited by any law on compensation of a trustee of an express trust.
The Securities and the Debenture Trustee's certificate of authentication shall be substantially in the form of Exhibit A, the terms of which are incorporated in and made a part of this Indenture.
The Debenture Trustee(s) shall satisfy that there is no ‘default’ on any other listed debt securities of the Company before issuing the said NOC.
The balance in the Recovery Expense Fund shall be refunded to the Company on repayment of Amounts Due to the Debenture Holders for which a ‘No Objection Certificate (NOC)’ shall be issued by the Debenture Trustee(s) to the designated stock exchange.
The Corporation shall receive the Debenture Trustee's prevailing rate for all monies held by it, as may change from time to time.
Upon the occurrence of any of the above events, the Debenture Trustees shall notify the Depository of the termination of the book-based system and shall notify all Beneficial Holders, through the Depository, of the availability of definitive Debenture certificates issued in denominations of $1.00 or integral multiples thereof.
Subject to compliance with applicable law and Section 4.7, all Debentures redeemed or acquired in whole or in part by the Issuer under the provisions of this Article shall be forthwith delivered to and cancelled by the Debenture Trustees at the principal office of the Canadian Debenture Trustee in Montreal, Québec, and no Debentures shall be issued in substitution thereof.
The Issuer (either directly or through the Debenture Trustees or any agent of the Debenture Trustees) shall pay to each Holder entitled to receive payment, the principal amount of, and interest and premium, if any, on the Debentures, upon surrender of the Debentures at any branch of a Debenture Trustee designated for such purpose from time to time by the Issuer and the Debenture Trustees.