Series B-1 Notes definition
Examples of Series B-1 Notes in a sentence
Series B1 Notes shall be redeemed only to the extent that after such payment the Senior Parity Percentage shall not be less than the Required Senior Parity Percentage.
The Series B1 Notes that are otherwise subject to optional or mandatory redemption shall be redeemed only if, as of the date of selection of Series B1 Notes for redemption and after giving effect to such redemption, the Senior Parity Percentage will be equal to at least the Required Senior Parity Percentage, and the Parity Percentage will be equal to at least the Required Parity Percentage.
Except as provided in subsection (d) of this Section, the Series A1 Notes and Series B1 Notes may be transferred, in whole but not in part, only to the Securities Depository or a nominee of the Securities Depository or to a successor Securities Depository selected or approved by the Issuer or to a nominee of such successor Securities Depository.
The Series B1 Notes shall be designated "Series 2002 B1-1" and "Series 2002 B1-2" and shall be numbered separately from 1 upwards.
Series B-1 Notes for Series B1-1 Notes; and Series B-2 Notes for Series B1-2 Notes.
The Trustee makes no representations as to the validity or sufficiency of this Fourth Supplemental Indenture or the Series B-1 Notes, and assumes no responsibility for the recitals contained herein or therein which shall be taken as the statements of the Company.
In accordance with Section 6.1 of the Indenture, the Series B-1 Notes will be subject to optional redemption by the Company as provided in the form of Series B-1 Note attached as Exhibit A hereto.
The Company hereby establishes the Series B-1 Notes in the form of Exhibit A hereto in an aggregate principal amount of $_____________ and on the terms set forth therein as a series of Notes under the Indenture pursuant to this Fourth Supplemental Indenture.
Pursuant to that certain Third Amended and Restated Note Purchase and Private Shelf Agreement dated as of May 28, 2015 (as amended from time to time prior to the date hereof, the “Existing 2015 Shelf Agreement”) between the Company, Prudential and PICA, the parties thereto amended and restated the Existing 2004 Shelf Agreement and the Series B-1 Notes and Series B-2 Notes (collectively, the “Series B Notes”) became outstanding thereunder.
Demands may be made under the Guarantee from time to time and may be enforced irrespective of whether any steps or proceedings are or will be taken against the Company or any other person to recover under the Series B-1 Notes or interest accrued thereon or this Agreement or any Warrant.