Common use of Temporary Bonds Clause in Contracts

Temporary Bonds. Pending the preparation of definitive Bonds of any series, or any Tranche thereof, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Bonds which are printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Bonds in lieu of which they are issued, with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. Except as otherwise specified as contemplated by Section 3.01 with respect to the Bonds of any series, or any Tranche thereof, after the preparation of definitive Bonds of such series or Tranche, the temporary Bonds of such series or Tranche shall be exchangeable, without charge to the Holder thereof, for definitive Bonds of such series or Tranche upon surrender of such temporary Bonds at the office or agency of the Company maintained pursuant to Section 7.02 in a Place of Payment for such Bonds. Upon such surrender of temporary Bonds, the Company shall, except as otherwise specified as contemplated by Section 3.01, execute and the Trustee shall authenticate and deliver in exchange therefor definitive Bonds of the same series and Tranche, of authorized denominations and of like tenor and aggregate principal amount. Until exchanged in full as hereinabove provided, temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as definitive Bonds of the same series and Tranche and of like tenor authenticated and delivered hereunder.

Appears in 7 contracts

Samples: Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp)

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Temporary Bonds. So long as the Book Entry Bonds are held by the Depository for the Participants in book-entry form, they may be typewritten or in any other form acceptable to the Issuer, the Paying Agent, the Bond Registrar and the Depository. At any time during which the Book Entry Bonds are not held by the Depository for the Participants in book-entry form, the Definitive Bonds shall be lithographed or printed with steel engraved borders. Pending the preparation of definitive Bonds of any series, or any Tranche thereofDefinitive Bonds, the Company Issuer may execute, and upon Company Issuer Order the Trustee or the Authenticating Agent shall authenticate and deliver, temporary Bonds which are printed, lithographed, typewritten, mimeographed, photocopied mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Bonds in lieu of which they are issued, may be so issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. Except as otherwise specified as contemplated by Section 3.01 with respect If temporary Bonds are issued, the Issuer shall cause definitive Bonds to the Bonds of any series, or any Tranche thereof, after be prepared without unreasonable delay. After the preparation of definitive Bonds of such series or TrancheBonds, the temporary Bonds of such series or Tranche shall be exchangeable, without charge to the Holder thereof, exchangeable for definitive Bonds of such series or Tranche upon surrender of such the temporary Bonds at the office or agency of the Company Issuer to be maintained pursuant as provided in Section 3.02, without charge to Section 7.02 in a Place of Payment for such Bondsthe Holder. Upon such surrender or cancellation of any one or more temporary Bonds, the Company shall, except as otherwise specified as contemplated by Section 3.01, Issuer shall execute and the Trustee or the Authenticating Agent shall authenticate and deliver in and exchange therefor a like principal amount of definitive Bonds of the same series Class and Tranche, of authorized denominations and of like tenor and aggregate principal amountdenominations. Until exchanged in full as hereinabove providedso exchanged, the temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as definitive Definitive Bonds of the same series and Tranche and of like tenor authenticated and delivered hereunderClass.

Appears in 1 contract

Samples: Indenture (Sequoia Mortgage Funding Corp)

Temporary Bonds. Pending the preparation of definitive Bonds of any series, or any Tranche thereof, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Bonds which are printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Bonds in lieu of which they are issued, with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. Except as otherwise specified as contemplated by Section 3.01 with respect to the Bonds of any series, or any Tranche thereof, after After the preparation of definitive Bonds of such series or Trancheseries, the temporary Bonds of such series or Tranche shall be exchangeable, without charge to the Holder thereof, for definitive Bonds of such series or Tranche upon surrender of such temporary Bonds at the office or agency of the Company maintained pursuant to Section 7.02 in a Place of Payment for such Bonds. Upon such surrender of temporary Bonds, the Company shall, except as otherwise specified as contemplated by Section 3.01in accordance with the procedures set forth in the Appendix, execute and the Trustee shall authenticate and deliver in exchange therefor definitive Bonds of the same series and Trancheseries, of authorized denominations and of like tenor and aggregate principal amount. Until exchanged in full as hereinabove provided, temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as definitive Bonds of the same series and Tranche and of like tenor authenticated and delivered hereunder.

Appears in 1 contract

Samples: Indenture (PACIFIC GAS & ELECTRIC Co)

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Temporary Bonds. Pending the preparation of definitive Bonds of any seriespursuant to Section 2.13, or any Tranche thereofby agreement of the purchasers of all Bonds or, in the Company case of Bonds held in a book-entry only system by a Clearing Agency, a Manager on behalf of the Issuer may execute, and upon Company Order receipt of an Issuer Order, the Trustee shall authenticate and deliver, deliver temporary Bonds which are printed, lithographed, typewritten, mimeographed, photocopied mimeographed or otherwise produced, in any authorized denomination, substantially produced of the tenor of the definitive Bonds in lieu of which they are issued, issued and with such appropriate insertions, omissions, substitutions and other variations not inconsistent with the terms of this Indenture as the officers a Manager executing such Bonds may determine, as evidenced by their its execution of such Bonds. Except as otherwise specified as contemplated If temporary Bonds are issued, the Issuer will cause definitive Bonds to be prepared without unreasonable delay except where temporary Bonds are held by Section 3.01 with respect to the Bonds of any series, or any Tranche thereof, after a Clearing Agency. After the preparation of definitive Bonds of such series or TrancheBonds, the temporary Bonds of such series or Tranche shall be exchangeable, without charge to the Holder thereof, exchangeable for definitive Bonds of such series or Tranche upon surrender of such the temporary Bonds at the office or agency of the Company Issuer to be maintained pursuant as provided in Section 3.02, without charge to Section 7.02 in a Place of Payment for such Bondsthe Holder. Upon such surrender for cancellation of any one or more temporary Bonds, a Manager on behalf of the Company shall, except as otherwise specified as contemplated by Section 3.01, Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor a like Tranche and initial principal amount of definitive Bonds of the same series and Tranche, of authorized denominations and of like tenor and aggregate principal amountin Authorized Denominations. Until exchanged in full as hereinabove providedso exchanged, the temporary Bonds shall in all respects be entitled to the same benefits under this Indenture as definitive Bonds of the same series and Tranche and of like tenor authenticated and delivered hereunderBonds.

Appears in 1 contract

Samples: CenterPoint Energy Restoration Bond Company, LLC

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