Examples of Initial Debt Securities in a sentence
The Company, in turn, used those sale proceeds to purchase Initial Debt Securities (subordinated notes) from the Bank.
Under the intricate capital payment structure depicted above, the Bank’s distributions on its Initial Debt Securities served to fund the distributions on the Company’s Class B Preferred Securities.
INTRODUCTIONThe Infrared Array Camera (IRAC)1,2,3,4 is one of three focal plane instruments in the Spitzer Space Telescope5,6.
Ranking The obligations under the Initial Debt Securities will constitute direct, uncondi-tional, unsecured and subordinated obligations of IKB Finance ranking pari passu with all other subordinated obligations of IKB Finance.
The proceeds to the Company from the issue of the Class B Preferred Securities will be onlent to Deutsche Bank AG, acting through its New York Branch, (the "Parent") through a subordinated note issue (the "Initial Debt Securities").
No collateral is or will be given for any Repayment Claim; collateral that may have been or may in the future be given in connection with other indebtedness shall not secure a Repayment Claim.The subordination described above cannot be subsequently restricted, and neither the minimum term nor the notice period of each series of Initial Debt Securities can subsequently be shortened.
The Bank intends to use the proceeds from the sale of the Initial Debt Securities for general corporate purposes.
Purpose The sole purposes of the Company are (i) to issue the Class A Preferred Security, the Class B Pre- ferred Securities and the Company Common Security, (ii) to invest the proceeds thereof in the Initial Debt Securities, (iii) upon any redemption of the Initial Debt Securities prior to the Maturity Date, which does not involve a redemption of the Class B Preferred Securities, to reinvest the proceeds in Substitute Debt Securities issued by the Bank (including on behalf of a branch other than a U.
The third Renewal Term shall be for a period of ten (10) years beginning on the thirty-fifth (35th) anniversary of the Restatement Effective Date and ending immediately prior to the forty-fifth (45th) anniversary of the Restatement Effective Date.
The Company will use the net proceeds from the sale of the Preferred Securities to make an investment in a series of Initial Debt Securities issued by DZ BANK.