Debentures definition

Debentures has the meaning stated in the first recital of this Indenture.

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Debentures means the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 to be issued by the Debenture Issuer under the Indenture.

Debentures means the debt securities of the Guarantor designated the Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Examples of Debentures in a sentence

• Further, the Company shall not make any payment of principal or interest on the Debentures in amounts which are disproportionate to the respective principal amounts outstanding on the Debentures at any applicable time.

• The Company and the Purchaser agree (i) to treat the Debentures as debt for all U.S. federal and state income tax purposes, and, in accordance with Section 385(c) of the Code, such characterization shall be binding upon the Purchasers and the Company (along with their successors and assigns) and (ii) not to take any position contrary to this Section 5.22 on any tax return, tax audit or other tax proceedings unless otherwise required by applicable law.

• On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, for an aggregate Subscription Amount of $200,000 the Debentures with an aggregate principal amount of $200,000.

• This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized denominations, as requested by the Holder surrendering the same.

• This Debenture ranks pari passu with all other Debentures now or hereafter issued under the terms set forth herein.

More Definitions of Debentures

Debentures means the series of junior subordinated debt securities of the Guarantor designated the % Junior Subordinated Deferrable Interest Debentures due , 20 held by the Institutional Trustee (as defined in the Declaration) of the Issuer.

Debentures means the series of Debentures to be issued by the Debenture Issuer under the Indenture to be held by the Institutional Trustee, a specimen certificate for such series of Debentures being Exhibit B.

Debentures shall have the meaning set forth in the Recitals hereto.

Debentures means the $- aggregate principal amount of the Depositor's -% Junior Subordinated Deferrable Interest Debentures, Series -, issued pursuant to the Indenture.

Debentures means the series of subordinated debt securities of the ---------- Guarantor designated the Floating Rate Junior Subordinated Deferrable Interest Debentures due September 15, 2028, Series B, held by the Property Trustee (as defined in the Trust Agreement) of the Issuer.

Debentures means the Floating Rate Junior Subordinated Debt Securities due 2034 to be issued by the Debenture Issuer under the Indenture.

Debentures means the series of Debentures to be issued by the Debenture Issuer and acquired by the Trust.