Definition of TCPL Sub Notes


TCPL Sub Notes means any notes, debentures or other instruments of indebtedness, which shall in each case constitute junior subordinated indebtedness of the Issuer, issued or to be issued under this Indenture for the time being outstanding and entitled to the benefits of this Indenture;

Examples of TCPL Sub Notes in a sentence

All TCPL Sub Notes - Series 2017-A redeemed and all TCPL Sub Notes - Series 2017-A purchased under this Article 3 shall forthwith be delivered to the Trustee and shall be cancelled by it and will not be reissued or resold, and except as provided in subsection 3.6.2, no TCPL Sub Notes - Series 2017-A shall be issued in substitution therefor.
This Indenture, any supplemental indenture and the TCPL Sub Notes shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein and shall be treated in all respects as Ontario contracts.
The chairman of any meeting at which a quorum is present may, with the consent of the Holders of a majority in principal amount of the outstanding TCPL Sub Notes represented thereat, adjourn any such meeting and no notice of such adjournment need be given except such notice, if any, as the meeting may prescribe.
The Issuer may, at its option, redeem all (but not less than all) of the TCPL Sub Notes - Series 2016-A upon the occurrence of a Tax Event on not less than 30 days nor more than 60 days prior notice to the Holders thereof, without the consent of the Holders.
For this purpose, the Trustee may make, and from time to time amend, regulations with regard to the manner in which such TCPL Sub Notes may be so selected and regulations so made shall be valid and binding upon all Holders of TCPL Sub Notes notwithstanding the fact that, as a result thereof, one or more of such TCPL Sub Notes become subject to redemption in part only.