Series M Bond definition
Examples of Series M Bond in a sentence
The principal of each Collateral Series M Bond shall be payable, upon presentation thereof, at the office or agency of the Company in the city in which the principal corporate trust office of the 1993 Mortgage Trustee (as hereinafter defined) is located, in any coin or currency of the United States of America which at the time of payment shall be legal tender for the payment of public and private debts.
Upon presentation to RUS of the Series M Bond, and upon satisfaction of the conditions set forth in Section 3.1 of this Agreement, and subject to Section 2.3, the Secretary shall execute, pursuant to the RE Act, the Series M Guarantee.
This Bond is the "Bond" referred to in, and entitled to the benefits of, the Series M Bond Purchase Agreement dated as of even date herewith, made by and among FFB, the Borrower, and the Administrator of the Rural Utilities Service, a Rural Development agency of the United States Department of Agriculture ("RUS") (such agreement, as it may be amended, supplemented, and restated from time to time in accordance with its terms, being the "Bond Purchase Agreement").
Each Collateral Series M Bond shall be redeemable at the option of the Company in whole at any time, or in part from time to time, prior to maturity, at a redemption price equal to 100% of the principal amount thereof to be redeemed.
The holder of each and every Collateral Series M Bond hereby agrees to accept payment thereof prior to maturity on the terms and conditions provided for in this Article Two.
The use of the terms and expressions herein is in accordance with the definitions, uses and construction contained in the Original Indenture and the form of Series M Bond attached hereto as Schedule A.
This Series M Bond shall bear interest as aforesaid from, and including, the date of original issuance to, and excluding, the first Interest Payment Date and then from, and including, the immediately preceding Interest Payment Date to which interest has been paid or duly provided for to, but excluding, the next Interest Payment Date or the maturity date, as the case may be.
Public Service Company of New Hampshire has caused this Series M Bond to be executed in its corporate name and on its behalf by its Vice President and Treasurer by his signature or a facsimile thereof, and its corporate seal to be affixed or imprinted hereon and attested by the manual or facsimile signature of its Secretary.
No service charge shall be made for any exchange or transfer of any Collateral Series M Bond.
Each Collateral Series M Bond shall be dated as of the date of its authentication.