Designated Securities. Section 2.01. Creation of Designated Securities 4 Section 2.02. Limitation on Aggregate Principal Amount of Designated Securities 4 Section 2.03. Payment of Principal 4 Section 2.04. Interest and Interest Rate 5 Section 2.05. Paying Agent. 5 Section 2.06. Place of Payment 7 Section 2.07. Denominations 7 Section 2.08. Listing 7 Section 2.09. Security Certificates 7 Section 2.10. Defeasance and Covenant Defeasance 8 Section 2.11. Additional Amounts 8 Section 2.12. Redemption 9 Section 2.13. Procedures; Payment Statement 10 Section 2.14. Maintenance of Tax Procedures 10 Section 2.15. Certificated Securities 10 Section 2.16. USA Patriot Act 10 Section 2.17. Additional Rights 10 EXHIBIT A Form of Security Certificate Representing Designated Securities A-1 THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of March 6, 2018, among Telefónica Emisiones, S.A.U., a sociedad anónima unipersonal incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and The Bank of New York Mellon, a New York banking corporation, as trustee, transfer agent, registrar (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).
Designated Securities. Section 2.01.
Designated Securities. The General Partner may, in its discretion, elect to designate an Asset as a Designated Security. Notwithstanding the provisions of Section 3.4 above, items of income, gains, losses, deduction, credit and expense that relate to a Designated Security shall be allocated to Capital Accounts in such percentages as the General Partner shall reasonably determine (taking into account each Limited Partner’s Guidelines, regulatory restrictions and other items deemed relevant by the General Partner). Whenever the Partnership makes an investment that is in a Designated Security or whenever an existing investment is first designated as a Designated Security by the General Partner, the Partnership shall establish a Sub-Account with respect to each Partner that participates in such Designated Security to reflect such Partner’s Capital Account’s pro rata share of all allocations and distributions attributable to transactions involving such Designated Security. If the General Partner determines that an investment no longer warrants treatment as a Designated Security or that a Partner may or must participate at a different percentage, the General Partner will either deem such investment no longer to be a Designated Security or reallocate the interests in the Designated Security to reflect the change in ownership percentage. In the event of a withdrawal request by a Partner pursuant to Section 5.2, the Partnership shall have the discretion to effect such withdrawal request first out of the Partner’s Capital Account (excluding the Designated Securities Sub-Account) and then out of the Designated Security Sub-Account. The Investment Advisor, in its sole discretion, may waive or reduce the Management Fee with respect to a Limited Partner’s interest in certain Designated Securities selected by the Investment Advisor.
Designated Securities. 5. The Operating Partnership and the Guarantors, jointly and severally, agree with each of the Underwriters of any Designated Securities as follows:
Designated Securities. Nothing herein shall relieve a defaulting Underwriter from liability for its default.
Designated Securities. 17 Section 3.1 Creation of Designated Securities ..........................................................................17 Section 3.2 Aggregate Principal Amount of Designated Securities .........................................18 Section 3.3 Payment of Principal ..............................................................................................18 Section 3.4 Interest and Interest Rate .......................................................................................18 Section 3.5 Taxation .................................................................................................................19 Section 3.6
Designated Securities. 9 Section 3.1 Creation of Designated Securities ............................................................................9 Section 3.2 Aggregate Principal Amount of Designated Securities ...........................................9 Section 3.3
Designated Securities. Section 3.1
Designated Securities. Prior to the Closing, the Company shall, or shall cause any applicable Company Subsidiaries to, sell, liquidate or otherwise dispose of any Designated Securities such that no Designated Securities shall be held by the Company or any Company Subsidiary as of the Effective Time; provided, however, that the Company shall not be obligated to take the actions required by this Section 6.10, (i) unless and until the Company shall be satisfied that the conditions to the obligation of the parties to consummate the Merger will be satisfied or waived on or before the Closing Date, and (ii) in no event until two (2) days prior to the Closing Date.
Designated Securities. At the request of Purchaser, prior to the Closing, the Bank shall sell, liquidate or otherwise dispose of any Designated Securities such that no Designated Securities shall be held by the Bank as of the Closing; provided, however, that the Bank shall not be obligated to take the actions required by this Section 6.09, (i) unless and until the Bank shall be satisfied that the conditions to the obligation of the parties to consummate the transactions contemplated hereby will be satisfied or waived on or before the Closing Date, and (ii) in no event until two (2) days prior to the Closing Date.
