Mortgaged and Pledged Property definition

Mortgaged and Pledged Property means as of any particular time the property which at said time is covered or intended to be covered by the Lien of this Indenture whether such lien be created by this Indenture (including the lien created by the after-acquired property clauses hereof) or by subsequent conveyance or delivery to the Trustee hereunder or otherwise, excluding at all times, for the avoidance of doubt, any Excepted Property.

Mortgaged and Pledged Property shall have the meaning given to such term in the Indenture.

Mortgaged and Pledged Property. Section 1.03 The term “Mortgaged and Pledged Property” shall mean as of any particular time the property which at said time is subject to the Lien of this Indenture.

Examples of Mortgaged and Pledged Property in a sentence

• Article XVI of this Indenture is not intended to limit the Company’s conveyances, transfers or leases of less than substantially all of the Mortgaged and Pledged Property.

• This Bond shall be governed by and construed in accordance with the law of the State of New York, except to the extent that the law of any jurisdiction wherein any portion of the Mortgaged and Pledged Property is located shall mandatorily govern the creation of a mortgage lien on and security interest in, or perfection, priority or enforcement of the Lien of the Indenture or exercise of remedies with respect to, such portion of the Mortgaged and Pledged Property.

• The form of the definitive certificate representing the Shares and the Offered Shares has been duly approved and adopted by the Company and complies with all legal requirements (including any applicable requirements of TSX) relating thereto.

• Article XV of this Indenture is not intended to limit the Company’s conveyances, transfers or leases of less than substantially the entirety of the Mortgaged and Pledged Property.

• No such conveyance, transfer or lease of all or substantially all of the Mortgaged and Pledged Property as an entirety shall have the effect of releasing the Company or any successor corporation that shall theretofore have become such in the manner prescribed in this Section from its liability as obligor and maker on any of the bonds secured hereby.

• An employee requesting a transfer should write to the Personnel Department, stating his/her job class and classification, and indicating the school to which he/she would like to be considered for a transfer.

• Having acknowledged satisfaction and discharge of the Indenture, and having reconveyed the Mortgaged and Pledged Property to the Company, JPMorgan Chase Bank hereby resigns as Trustee under the Indenture, such resignation to take effect as of the date hereof and to be without prejudice to said rights under said Article XVI of the Indenture.

• The funds so delivered to the Corporate Trustee shall be held as Deposited Cash and retained by the Trustees as part of the Mortgaged and Pledged Property.

• This Section 2.01 shall become effective upon the filing for record of this Thirty-second Supplemental Indenture in all counties in which the Mortgaged and Pledged Property is located.

• In case the Company, as permitted by Section 15.01 of the Original Indenture, shall convey or transfer, subject to the Lien of the Indenture, all or substantially all of the Mortgaged and Pledged Property as an entirety to a successor, the indenture described in Section 15.02 of the Original Indenture may also provide for the release and discharge of the Company from all obligations under any Bonds of the Twenty-fourth Series issued under the Indenture which are assumed by such successor.

More Definitions of Mortgaged and Pledged Property

Mortgaged and Pledged Property means as of any particular time the property which at said time is subject to the Lien of this Indenture.

Mortgaged and Pledged Property has the meaning set forth in the Indenture.

Mortgaged and Pledged Property means the “mortgaged and pledged property” as such term is used in the Indenture.

Mortgaged and Pledged Property means “the mortgaged and pledged property” as defined in the Indenture. “Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in Section 4001(a)(3) of ERISA). “NAIC” means the National Association of Insurance Commissioners or any successor thereto. “NAIC Annual Statement” is defined in Section 6.2(a). “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. “OFAC Sanctions Program” means any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of OFAC Sanctions Programs may be found at xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/Programs/Pages/Programs.aspx. “Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other officer of the Company whose responsibilities extend to the subject matter of such certificate. “Original Indenture” is defined in Section 1.1. “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor thereto. “Permitted Liens” means “excepted encumbrances” as such term is defined in the Indenture. “Person” means an individual, partnership, corporation, limited liability company, association, trust, unincorporated organization, business entity or Governmental Authority. “Plan” means an “employee benefit plan” (as defined in Section 3(3) of ERISA) subject to Title IV of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate has any liability. “Preferred Stock” means any class of capital stock of a Person that is preferred over any other class of capital stock (or similar equity interests) of such Person as to the payment of dividends or the payment of any amount upon liquidation or dissolution of such Person. “property” or “properties” means, unless otherwise specifically limited, real or personal property of any kind, tangible or intangible, xxxxxx or inchoate. “PTE” is defined in Section 6.2(a).