Common use of Applicability of Sinking Fund Clause in Contracts

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", and any payment in excess of such minimum amount provided for the by terms of Securities of any series is herein referred to as an "optional sinking fund payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 3.05.

Appears in 4 contracts

Samples: Indenture (Consolidated Edison Inc), Indenture (Kansas City Power & Light Co), Indenture (Kansas City Power & Light Co)

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Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; providedPROVIDED, howeverHOWEVER, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the by terms of Securities of any series is herein referred to as an "optional sinking fund payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 3.05.Optional Sinking

Appears in 3 contracts

Samples: Indenture (Finova Group Inc), Indenture (Finova Group Inc), Indenture (Finova Group Inc)

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", and any payment in excess of such minimum amount provided for by the by terms of Securities of any series is herein referred to as an "optional sinking fund payment." ". If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 3.054.06.

Appears in 2 contracts

Samples: Indenture (Lilly Eli & Co), Indenture Provisions (Beneficial Corp)

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the by terms of Securities of any series is herein referred to as an "optional sinking fund paymentOptional Sinking Fund Payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 3.054.05.

Appears in 2 contracts

Samples: Indenture (Finova Group Inc), Indenture (Finova Group Inc)

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Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the by terms of Securities of any series is herein referred to as an "optional sinking fund paymentOptional Sinking Fund Payment." If provided for by the terms of Securities of any series, the cash amount of any mandatory sinking fund payment Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 3.054.04.

Appears in 1 contract

Samples: Indenture (Citigroup Capital Ix)

Applicability of Sinking Fund. Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", ,” and any payment in excess of such minimum amount provided for by the by terms of Securities of any series is herein referred to as an "optional sinking fund payment." ”. If provided for by the terms of Securities of any series, the the 2.15.1 cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 3.05.

Appears in 1 contract

Samples: Indenture (Consolidated Edison Co of New York Inc)

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