Evidences of Indebtedness definition
Examples of Evidences of Indebtedness in a sentence
To assist in financing its Power Program the Corporation may issue Evidences of Indebtedness other than Bonds and Bond Anticipation Obligations, which may be payable out of Net Power Proceeds subject to the provisions of Section 2.3 hereof, but no such other Evidences of Indebtedness shall rank on a parity with or ahead of the Bonds as to payments on account of the principal thereof or rank ahead of the Bonds as to payments on account of the interest thereon.
Each Supplemental Resolution authorizing the issuance of Bonds must contain a finding by the Board that Gross Power Revenues will be adequate to meet the requirements of Sections 3.2 and 3.3 hereof after the Bonds authorized thereby have been issued and any Evidences of Indebtedness to be refunded from the proceeds thereof have been refunded.
It shall not dispose of all or any substantial portion of such properties unless provision is made for a continuance of the interest, principal, and sinking fund payments due and to become due on all outstanding Evidences of Indebtedness, or for the retirement of such Evidences of Indebtedness.
The Investor loaned the above-referenced funds evidenced by the Evidences of Indebtedness loans because the Investor sought a rate of return on its investment in the Company and was interested in the profit to be generated by making the loan.
DCI may assign or transfer these Terms and/or any or all of its rights and/or obligations hereunder at any time to any third party by providing prior notice.
Unless the shareholders have fixed a greater quorum or voting requirement, these Bylaws also may be altered, amended or repealed and new bylaws may be adopted, unless such action has been recommended by the Board of Directors, by an affirmative vote of the holders of at least two-thirds of all outstanding shares entitled to vote.SECTION 7.5. Execution of Bonds, Debentures, Evidences of Indebtedness, Checks, Drafts and Other Obligations and Orders for Payment.
Unless otherwise specifically defined elsewhere in this Agreement, the following definitions shall be applicable throughout the Agreement.
Surrender of Pre-Petition Securities and Evidences of Indebtedness and Cancellation of Securities.
SECTION 7.5.Execution of Bonds, Debentures, Evidences of Indebtedness, Checks, Drafts and Other Obligations and Orders for Payment.
By execution of this Agreement, the Investor hereby assigns and transfers to the Company all of the Investor’s right, title, and interest in and to the Evidences of Indebtedness.