Examples of Series Supplement in a sentence
Unless otherwise specified in a Series Supplement for a Series of Notes, and subject to Sections 7.01(b) and (e), on any Business Day, the Issuers may, at their option, elect to prepay the Outstanding Notes and/or one or more classes, Subclasses or Tranches (i) in whole in accordance with Section 7.01(c) or (ii) in part in accordance with Section 7.01(d) (the date of such prepayment, the “Redemption Date”).
The Issuers have entered into this Indenture, and each Class of Notes will be issued, with the intention that, for purposes of any federal, state and local income or franchise tax and any other taxes imposed on or measured by income, such Notes will qualify as indebtedness (unless otherwise provided in the applicable Series Supplement) upon their issuance for federal income tax purposes.
The Bonds of each series shall bear such dates, mature at such times, be subject to such terms of payment, bear interest at such rates, be in such form and denomination, carry such registration privileges, be executed in such manner, and be payable in such medium of payment, at such place and subject to such terms of redemption, as the Corporation may provide herein and in the related Series Supplement.
Unless otherwise specified in the related Series Supplement, with respect to a Class of Notes, if a Redemption Date occurs (i) prior to the applicable Target Month, a Make Whole Amount shall be due to the Noteholders of such Class or (ii) on or after the applicable Target Month, a Make Whole Amount shall not be due to each Noteholder of such Class based on the principal amount of such prepayment.
The foregoing Grants are made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the Notes, and to secure compliance with the provisions of this Indenture, all as provided in this Indenture and each Series Supplement.