Series M Notes definition
Examples of Series M Notes in a sentence
The terms of such Series M Notes are herein incorporated by reference and are part of this Thirteenth Supplemental Indenture.
The form of the Series M Notes shall be substantially in the form of the Global Security attached hereto as Exhibit A.
The aggregate principal amount of the Series M Notes which may be authenticated and delivered under this Thirteenth Supplemental Indenture shall initially be $575,000,000, and such principal amount of the Series M Notes may be increased from time to time.
Nothing in this Thirteenth Supplemental Indenture or in the Series M 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 Thirteenth Supplemental Indenture.
All acts and things necessary to make the Series M Notes, when executed by the Company and completed, authenticated and delivered by the Trustee as provided in the Original Indenture and this Thirteenth Supplemental Indenture, the valid and binding obligations of the Company and to constitute these presents a valid and binding supplemental indenture and agreement according to its terms, have been done and performed.
The Series M 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).
Article Twelve of the Indenture shall not apply to the Series M Notes.
So long as any of the Series M 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 M Notes will be similarly secured.
The Company desires to create a series of the Senior Notes in an aggregate principal amount of $575,000,000 to be designated the “4.10% Senior Notes, Series M, due 2028” (the “Series M Notes”), and all action on the part of the Company necessary to authorize the issuance of the Series M Notes under the Original Indenture and this Thirteenth Supplemental Indenture has been duly taken.
Any such additional Series M Notes will have the same interest rate, maturity and other terms as those initially issued (other than the date of issuance, the issue price and, in some circumstances, the initial interest accrual date and initial interest payment date).