Initial Debt Securities definition
Examples of Initial Debt Securities in a sentence
The purchase and sale of the Initial Debt Securities shall take place at the offices of ▇▇▇▇▇ & Wood llp, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ at the Closing Time (as defined in the Purchase Agreement) (such time and date of payment being herein called the "Initial Closing Date").
The purchase and sale of the Initial Debt Securities shall take place at the offices of ▇▇▇▇▇ & Wood LLP, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ at the Closing Time (as defined in the Purchase Agreement) (such time and date of payment being herein called the "Initial Closing Date").
The aforesaid debentures ("Initial Debt Securities" or "Initial Securities") and all or any part of the debentures subject to the option described in Section 2 hereof ("Option Debt Securities" or "Option Securities") are collectively herein referred to as the "Debt Securities" or the "Securities." The Initial Debt Securities are to be sold to each Underwriter, acting severally and not jointly, in such amounts as are set forth in Schedule A hereto opposite the name of such Underwriter.
Such Initial Debt Securities shall be in such authorized denominations and registered in such names as you may request in writing at least two full business days before the Closing Time.
Unless otherwise specified in Schedule II, payment shall be made to the Company by you by wire or bank transfer of same day funds payable to the account of the Company, against delivery to you for the respective accounts of the several Underwriters of the Initial Debt Securities.
The Underwriters' respective obligations to contribute pursuant to this Section 7 are several in proportion to the number or aggregate principal amount, as the case may be, of Initial Debt Securities set forth opposite their respective names in the applicable Terms Agreement, and not joint.
If the option is exercised as to all or any portion of the Option Debt Securities, each of the Underwriters, acting severally and not jointly, will purchase from the Company that portion of the aggregate number of Option Debt Securities being purchased which the number of Initial Debt Securities set forth opposite the name of such Underwriter bears to the total number of Initial Debt Securities (such proportion is hereinafter referred to as such Underwriter's "underwriting obligation proportion").
Such Initial Debt Securities, which may be in temporary form, will be made available in New York City for examination and packaging by you not later than 10:00 A.M. on the business day prior to the Closing Time.
On the basis of the representations and warranties herein contained (except as may be otherwise specified in Schedule II) and subject to the terms and conditions herein set forth, the Company agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Company, at the purchase price to the Underwriters set forth in Schedule II, the principal amount of Initial Debt Securities set forth opposite the name of such Underwriter in Schedule I.
Any Initial Debt Securities of any series that remain Outstanding after the completion of the Exchange Offer, together with the Exchange Debt Securities of such series issued in connection with the Exchange Offer, will be treated as a single class of Debt Securities under the Indenture.