Sinking Fund Provisions definition
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23
Sinking Fund Provisions. No sinking fund provisions.
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $__________ principal amount of Designated Securities on _____________ in each of the years _________ through ________ at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ _________ principal amount of Designated Securities in the years ______________ through ________ at 100% of their principal amount plus accrued interest.] [If Securities are Extendable Debt Securities, insert-- Extendable Provisions: Securities are repayable on _____________, ______ [insert date years], at the option of the holders, at their principal amount with accrued interest. Initial annual interest rate will be ____%, and thereafter annual interest rate will be adjusted on ___________, ____ and ______ to a rate not less than ____% of the effective annual interest rate on U.S. Treasury obligations with _____ year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Securities are Floating Rate Debt Securities, insert -- Floating Rate Provisions: Initial annual interest rate will be _____% through _____ [and thereafter will be adjusted [monthly] [on each __________, __________, __________ and __________] [to an annual rate of _____% above the average rate for _____-year [month] [securities] [certificates of deposit] by __________ and __________ [insert names of banks].] [and the annual interest rate [thereafter] [from __________ through __________] will be the interest yield equivalent of the weekly average per annum market discount rate for ________-month Treasury bills plus _____% of Interest Differential (the excess, if any, of (i) then current weekly average per annum secondary market yield for _____-month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate of _____-month Treasury bills); [from __________ and thereafter the rate will be the then current interest yield equivalent plus _____% of Interest Differential].] Defeasance Provisions: [None] [Application, if any, of defeasance of Securities] [Application, if any, of defeasance of certain obligations] [Other terms]*: ---------------------------- * A description of particular tax, accounting or other unusual features of the Securities should be set forth, or referenced to ...
Examples of Sinking Fund Provisions in a sentence
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-1, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-2, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: None Global Note Depositary: CDS Clearing and Depository Services Inc.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-2, such other terms specified in the Pricing Prospectus.
More Definitions of Sinking Fund Provisions
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire [$] principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [noncumulative] redemptions at the option of the Company to retire an additional [$] principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest]. [If Securities are extendable debt securities, insert -- ]
Sinking Fund Provisions. None Redemption Provisions: None
Sinking Fund Provisions. Redemption Provisions: Securities into which Convertible or Exchangeable: Maturity:
Sinking Fund Provisions. [ ] Applicable Time: [ ] Pricing Disclosure Package: [ ]
Sinking Fund Provisions. None Applicable Time: 2:50 PM (New York time) on May 19, 2020 Pricing Disclosure Package: Prospectus, dated September 11, 2017, Preliminary Prospectus Supplement, filed with the SEC on May 19, 2020, and Final Term Sheet, dated May 19, 2020 Selling Restrictions: The Designated Securities are offered for sale in places where it is legal to make such offers. Each underwriter has represented and agreed that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Designated Securities to any retail investor in the European Economic Area (“EEA”) or in the United Kingdom (“UK”). For the purposes of this provision:
Sinking Fund Provisions. The Designated Securities shall not be entitled to any sinking fund Repurchase upon Change of Control Repurchase Event: The Designated Securities shall be subject to repurchase upon the occurrence of a Change of Control Repurchase Event as described under the caption “Description of Notes–Repurchase upon Change of Control Repurchase Event” in the Preliminary Prospectus Supplement dated September 8, 2020 relating to the Designated Securities Date and Time of Delivery: September 11, 2020; 9:30 a.m., New York City time Closing Location: S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & B▇▇▇▇▇▇▇ LLP 4▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Funds for Payment of Purchase Price: Immediately Available Funds by Wire Transfer Delayed Delivery: None Name and Address for Purposes of Section 13: c/o Goldman Sachs & Co. LLC 2▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o HSBC Securities (USA) Inc. 4▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o Morgan S▇▇▇▇▇▇ & Co. LLC 1▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Time of Sale: 2:30 p.m., New York City time, on the date of this Agreement
Sinking Fund Provisions. None Other Provisions: None Closing Date and Time of Delivery: August 31, 1999 Closing Location: New York, New York Address for Notices to Initial Purchasers: ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ SCHEDULE I-C Representatives: ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated ▇.▇. ▇▇▇▇▇▇ Securities Inc. ▇▇▇▇▇▇ Brothers Inc. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated Credit Suisse First Boston Corporation ▇▇▇▇▇▇▇▇▇, Lufkin & ▇▇▇▇▇▇▇▇ Securities Corporation ▇▇▇▇▇▇▇, Sachs & Co. Bear, ▇▇▇▇▇▇▇ & Co. Inc. Banc of America Securities LLC Chase Securities Inc. Commerzbank Capital Markets Corporation Warburg Dillon Read LLC ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Inc. ▇▇▇▇▇▇▇▇ Capital Group, ▇.▇. ▇▇▇▇▇▇▇▇ & Partners, L.P. Purchase Agreement Dated: August 26, 1999 Title of Securities: 6.875% Notes Due 2002 Aggregate Principal Amount: $1,000,000,000 Purchase Price: 99.198% Price to Public: 99.648% Indenture: Indenture, dated as of June 9, 1998, as supplemented by Supplemental Indenture No. 11 thereto, dated as of August 31, 1999, among Tyco International Group S.A., Tyco International Ltd. and The Bank of New York, as trustee. Maturity: September 5, 2002 First Payment Date: ▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ Rate: 6.875% Interest Payment Dates: March 5 and September 5 Optional Redemption Provisions: OPTIONAL REDEMPTION. The Notes are redeemable, in whole or in part, at the option of the Company at any time at a redemption price equal to the greater of (i) 100% of the principal amount of such Notes, and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payment of interest accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 12.5 basis points plus, in each case, accrued interest thereon to the date of redemption.