Examples of Mortgage Indenture in a sentence
No “Event of Default” under the Mortgage Indenture exists on the date of execution and delivery of this Agreement or, upon the execution and delivery thereof, the Supplemental Indentures, or will exist immediately after giving effect to the transactions contemplated by this Agreement or the Supplemental Indentures and the applications of the proceeds from the issue and sale of the Notes and the issuance of the First Mortgage Bonds.
The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Supplemental Indentures, the First Mortgage Bond Documents to which it is a party, the Notes and the First Mortgage Bonds, and to perform the provisions hereof, thereof and of the Mortgage Indenture.
The Company’s obligations under the Supplemental Indentures and the First Mortgage Bonds rank pari passu in right of payment, without preference or priority, with its obligations under each other series of first mortgage bonds issued and outstanding under the Mortgage Indenture.
The Company shall have performed and complied with all agreements and conditions contained in this Agreement, the Mortgage Indenture (including the applicable Supplemental Indenture) and the applicable First Mortgage Bond Documents to which it is a party required to be performed or complied with by it prior to or at such Closing.
The First Mortgage Bonds will rank pari passu with all other existing and future first mortgage bonds issued pursuant to the Mortgage Indenture.