Series B Notes definition
Examples of Series B Notes in a sentence
All Series A Notes shall have identical terms and all Series B Notes shall have identical terms.
The Stated Maturity of the Series B Notes is June 1, 2056 (the “Series B Maturity Date”).
Series A Notes in the initial aggregate principal amount of up to $450,000,000 and Series B Notes in the initial aggregate principal amount of up to $450,000,000 may be executed by the Company and delivered to the Trustee for authentication by it, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the written order of the Company, signed by any Officer of the Company, without any further corporate action by the Company.
The Series B Notes will bear interest (i) from and including the Original Issue Date to, but excluding, June 1, 2036 at the rate of 6.450% per year and (ii) from and including June 1, 2036 during each Series B Interest Reset Period at an annual rate equal to the Five-Year Treasury Rate as of the most recent Reset Interest Determination Date plus 2.327%; provided that the interest rate during any Series B Interest Reset will not reset below 6.450%.
The Company shall make one or more global certificates (collectively, the “Global Securities”) representing each of the Series A Notes and the Series B Notes available for inspection by the Representatives not later than 1:00 p.m., New York City time, on the business day prior to the Closing Date and, on or prior to the Closing Date, the Company shall deliver the Global Securities to DTC or to the Trustee, acting as custodian for DTC, as applicable, in accordance with the Indenture.