Series L Notes definition
Examples of Series L Notes in a sentence
In case any provision in this Twelfth Supplemental Indenture or in the Series L Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
The Series L Notes shall be issued initially in the form of one Global Security.
The Series L Notes may be redeemed by the Company at its option, in whole at any time or in part from time to time, upon not less than thirty but not more than sixty days’ prior notice (either by mail or in compliance with the applicable procedures of DTC).
The covenant contained in Section 1007 of the Original Indenture shall not be applicable to the Series L Notes.
In the case of manifest error, any holder of a Series L Note or the Company may object to such quoted Series L Rate by written notice delivered to the Company or the holders of the Series L Notes, as the case may be, detailing the reasons for such objection.
Nothing in this Twelfth Supplemental Indenture or in the Series L Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Twelfth Supplemental Indenture.
So long as any of the Series L Notes are outstanding, the Company will not create or suffer to be created or to exist any additional mortgage, pledge, security interest, or other lien (collectively “Liens”) on any of its utility properties or tangible assets now owned or hereafter acquired to secure any indebtedness for borrowed money (“Secured Debt”), without providing that the Series L Notes will be similarly secured.
The Series K Notes, the Series L Notes and the Series M Notes (as each may be amended, restated or otherwise modified from time to time as of the date hereof, collectively, the “Existing Notes”) as of the date hereof remain outstanding.
Upon delivery of any such notice of objection the holders of the Series L Notes and the Company shall cooperate to promptly determine the correct Series L Rate and such correct Series L Rate shall be the applicable Series L Rate for such Series L Interest Period.
The form of the Series L Notes shall be substantially in the form of the Global Security attached hereto as Exhibit A.