Retired Securities means any Securities authenticated and delivered under this Indenture which (a) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of "Outstanding" (other than any Predecessor Security of any Security), (b) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (c) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash.
Retired Securities means any Collateral Trust Mortgage Bonds authenticated and delivered under the Mortgage which:
Retired Securities means any Securities authenticated and delivered under this Indenture on or after the Execution Date, which (a) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of “Outstanding” (other than any Predecessor Security of any Security), (b) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes or (c) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash.
Examples of Retired Securities in a sentence
With respect to Section 403(2)(B) of the Indenture, General Mortgage Bonds, due June 1, 2021, having an aggregate principal amount of $300,000,000 out of an aggregate principal amount of $300,000,000 remaining from the $300,000,000 original aggregate principal amount (the “Retired Mortgage Bonds”), have heretofore been authenticated and delivered and as of the date of this certificate, constitute Retired Securities.
More Definitions of Retired Securities
Retired Securities means any Securities authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of “Outstanding” (other than any Predecessor Security of any Security), (ii) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (iii) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash.
Retired Securities means any Securities authenticated and delivered under this Indenture which (a)(i) no longer remain Outstanding by reason of the applicability of clause (a), (b) or (d) in the definition of Outstanding or (ii) are Securities pledged or otherwise issued as security for any indebtedness of the Company (such as Notes) as described in clause (c) of the definition of Outstanding to the extent such a Security is no longer deemed Outstanding for the reason described in subclause (i) or (ii) of such clause (c), (b) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (c) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash.
Retired Securities means (a) any Securities authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of "Outstanding" (other than any Predecessor Security of any Security), (ii) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (iii) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash and (b) any First Mortgage Bond authenticated and delivered under the SPPC 1940 Mortgage which (x) at such time could be used as the basis for the authentication and delivery of additional First Mortgage Bonds pursuant to the provisions of the SPPC 1940 Mortgage and (y) shall have been retired after the initial authentication and delivery of the Securities of the Initial Series; provided, however, that, after the delivery to the Trustee of the Initial Expert's Certificate, no Security and no such First Mortgage Bond shall be deemed to be a Retired Security unless the retirement thereof shall have occurred after such delivery of the Initial Expert's Certificate.
Retired Securities means any Securities authenticated and delivered under this Indenture which (a) no longer remain Outstanding by reason of the applicability of clause (1) or
Retired Securities means (a) any Securities authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason of the applicability of clause (1) or (2) in the definition of "Outstanding" (other than any Predecessor Security of any Security), (ii) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (iii) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash and (b) any First Mortgage Bond authenticated and delivered under the First Mortgage which (x) at such time could be used as the basis for the authentication and delivery of additional First Mortgage Securities pursuant to the provisions of the First Mortgage and (y) shall have been retired after the initial authentication and delivery of the Securities of the Initial Series; provided, however, that, after the delivery to the Trustee of the Initial Expert's Certificate, no Security and no such First Mortgage Security shall be deemed to be a Retired Security unless the retirement thereof shall have occurred after such delivery of the Initial Expert's Certificate.
Retired Securities means (a) any Securities authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason
Retired Securities. ’ means any Securities authenticated and delivered under the Mortgage on or after the execution date of the Fortieth Supplemental Indenture which: