Common use of Authentication and Delivery of Notes Clause in Contracts

Authentication and Delivery of Notes. (a) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver one or more Notes executed by the Company to the Trustee for authentication together with the applicable documents referred to below in this Section, and the Trustee shall thereafter authenticate and deliver such Notes to or upon the order of the Company (contained in the Company Order referred to below in this Section 2.4) or pursuant to such procedures as may be specified from time to time by a Company Order. Such Company Order may be transmitted via facsimile (with the original to be delivered by mail) and may provide written instructions or provide for further instructions from the Company as to the form and terms of such Notes. In authenticating such Notes and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive and shall be fully protected in relying upon: (i) a Company Order requesting such authentication setting forth instructions as to delivery (if the Notes are not to be delivered to the Company) and completion of any terms not set forth in such Notes as executed by the Company or setting forth procedures as to such completion and delivery; (ii) any resolutions of the Board of Directors and an Officers’ Certificate, or, if applicable, in lieu of such resolutions and Officers’ Certificate, an executed supplemental indenture referred to in Sections 2.1 and 2.3 by or pursuant to which the forms and terms of such Notes were established; (iii) to the extent the forms and terms of such Notes are determined pursuant to (and are not set forth in) resolutions of the Board of Directors or supplemental indentures pursuant to Sections 2.1 and 2.3, an Officers’ Certificate, prepared in accordance with Section 12.5, either setting forth the form or forms and terms of the Notes; and (iv) an Opinion of Counsel, prepared in accordance with Section 12.5, which shall state (a) that the form or forms and terms of such Notes have been or will, when established in compliance with procedures therein described, be duly authorized and established in conformity with the provisions of this Indenture; and (b) that such Notes, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with and subject to such matters as counsel may therein specify. (b) The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, (x) being advised by counsel, and after having consulted with counsel to the Company, determines that such action may not lawfully be taken, (y) acting in good faith through its board of directors or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers shall determine that such action would expose the Trustee to personal liability to existing Holders or (z) determines that such action will affect its rights, duties, obligations or immunities hereunder in a manner not reasonably acceptable to it.

Appears in 1 contract

Samples: Indenture (Grupo Financiero Galicia Sa)

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Authentication and Delivery of Notes. (a) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver one certificated Notes or more Notes global Notes, without interest coupons ("Global Notes") of any series executed by the Company to the Trustee for authentication by the Trustee together with an Issuance Order for the applicable documents referred to below in this Sectionauthentication and delivery of such Notes, and the Trustee shall thereafter authenticate and deliver such Notes in accordance with such Issuance Order. A Company Order may specify that written instructions to or upon the order Trustee as to the authentication and delivery of Notes may be given on behalf of the Company (contained by any person designated in such Company Order, and the Trustee may conclusively rely on any such instructions as if given by the Company until such authorization is expressly revoked by a subsequent Company Order. The Company Order referred to below in this Section 2.4) or pursuant to may specify such other procedures as may shall be specified acceptable to the Trustee for the authentication and delivery from time to time by of Notes of a Company Order. Such Company Order may be transmitted via facsimile (with the original series that are not to be delivered by mail) and may provide written instructions or provide for further instructions from the Company as to originally issued at one time (a "Periodic Offering"). If the form and or terms of the Notes of the series, or Tranche within the series, have been established by or pursuant to one or more Board Resolutions or Issuance Orders as permitted by Sections 2.01 and 2.02, in authenticating such Notes. In authenticating such Notes , and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating: (i) a Company Order requesting such authentication setting forth instructions as to delivery (if the Notes are not to be delivered to the Company) and completion of any terms not set forth in such Notes as executed by the Company or setting forth procedures as to such completion and delivery; (ii) any resolutions of the Board of Directors and an Officers’ Certificate, or, if applicable, in lieu of such resolutions and Officers’ Certificate, an executed supplemental indenture referred to in Sections 2.1 and 2.3 by or pursuant to which the forms and terms of such Notes were established; (iii) to the extent the forms and terms of such Notes are determined pursuant to (and are not set forth in) resolutions of the Board of Directors or supplemental indentures pursuant to Sections 2.1 and 2.3, an Officers’ Certificate, prepared in accordance with Section 12.5, either setting forth the form or forms and terms of the Notes; and (iv) an Opinion of Counsel, prepared in accordance with Section 12.5, which shall state (a1) that the such form or forms and terms of such Notes have has been or will, when established in compliance with procedures therein described, be duly authorized and established in conformity with the provisions of this Indenture; (2) that such terms have been, or in the case of Notes of a series offered in a Periodic Offering, will be, established in conformity with the provisions of this Indenture, subject, in the case of Notes of a series offered in a Periodic Offering, to any conditions specified in such Opinion of Counsel; and and (b3) that such Notes, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, Company enforceable against the Company in accordance with and their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles. If such matters as counsel may therein specify. (b) The form or terms have been so established, the Trustee shall have the right to decline not be required to authenticate and deliver any such Notes under this Section if the Trustee, (x) being advised by counsel, and after having consulted with counsel issue of such Notes pursuant to the Company, determines that such action may not lawfully be taken, (y) acting in good faith through its board of directors or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers shall determine that such action would expose the Trustee to personal liability to existing Holders or (z) determines that such action this Indenture will affect its the Trustee's own rights, duties, obligations duties or immunities hereunder under the Notes and this Indenture or otherwise in a manner which is not reasonably acceptable to itthe Trustee or if the terms of such Notes are not administratively acceptable to the Trustee. Notwithstanding any contrary provisions of Section 2.01 or 2.02 or this Section 2.06, if all Notes of a series are not to be originally issued at one time, it shall not be necessary to deliver the Opinion of Counsel otherwise required upon the authentication of each Note of such series if such Opinion of Counsel is delivered at or prior to the authentication upon original issuance of the first Note of such series to be issued. With respect to Notes of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Company of any of such Notes, the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to Sections 2.01 and 2.02 and this Section, as applicable, in connection with the first authentication of Notes of such series. Each Note shall be dated the date of its authentication. Subject to the provisions of Section 2.03, all Book-Entry Notes of the same series and Tranche will be represented by one or more Global Notes, which shall be substantially in the form of Exhibit A hereto. Each Global Note will be dated and issued as of the date of its authentication by the Trustee. Each Global Note will bear an Issue Date, which will be (i) with respect to an original Global Note (or any portion thereof), its original issuance date (which will be the Settlement Date for the Book-Entry Notes represented by such Global Note) and (ii) with respect to any Global Note (or portion thereof) issued subsequently upon exchange of a Global Note or in lieu of a destroyed, lost or stolen Global Note, the most recent Interest Payment Date to which interest has been paid or duly provided for on the predecessor Global Note or Notes (or if no such payment or provision has been made, the original issuance date of the predecessor Global Note or Notes), regardless of the date of authentication of such subsequently issued Global Note. No Global Note shall represent any Note in certificated form. Each Global Note, subject to the provisions of Section 2.03, (i) shall represent and shall be denominated in an authorized aggregate amount equal to the aggregate principal amount of the Book-Entry Notes outstanding of such series and Tranche represented thereby, (ii) shall be registered in the name of the Depositary for such Notes in global form or the nominee of such Depositary, (iii) shall be delivered to such Depositary or pursuant to such Depositary's instruction and (iv) if the Depositary is The Depository Trust Company, shall bear a legend substantially to the following effect: Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of DTC and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. Each Depositary designated for a Global Note must, at the time of its designation and at all times while it serves as Depositary, be a clearing agency registered under the Securities Exchange Act of 1934 and any other applicable statute or regulation. At all reasonable times, Global Notes will be made available by the Depositary or its custodian for inspection by the Company.

Appears in 1 contract

Samples: Indenture (Hancock John Life Insurance Co)

Authentication and Delivery of Notes. (a) At any time and from time to time after the execution and delivery of this Indenture, the Company Issuer may deliver one or more Notes of any Series, together with any coupon appertaining thereto, executed by the Company Issuer pursuant to Section 2.6., to the Trustee for authentication together with the applicable documents referred to below in this SectionSection 2.5., and the Trustee shall thereafter authenticate and deliver such Notes to or upon the order of the Company Issuer (contained specified in the Company Issuer Order referred to below in this Section 2.42.5.) or pursuant to such procedures acceptable to the Trustee as may be specified from time to time by a Company an Issuer Order. Such Company The Issuer Order to be delivered by the Issuer may be transmitted via facsimile (with the original to be subsequently delivered by mail) and may provide written instructions or provide for further instructions from the Company Issuer, as to the form and terms of such Notes. In authenticating such Notes and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive and (subject to TIA Sections 315(a) through 315(d)) shall be fully protected in relying upon: (i1) a Company an Issuer Order requesting such authentication setting forth instructions as to delivery (if the Notes are not to be delivered to the CompanyIssuer) and completion of any terms not set forth in such Notes as executed by the Company Issuer or setting forth procedures acceptable to the Trustee as to such completion and delivery; (ii2) any resolutions of the Board of Directors and an Officers’ Certificate, or, if applicable, in lieu of such resolutions and Officers’ Certificate, an or executed supplemental indenture referred to in Sections 2.1 2.1. and 2.3 2.4. by or pursuant to which the forms and terms of such Notes were established; (iii3) to the extent the forms and terms of such Notes are determined pursuant to (and are not set forth in) resolutions of the Board of Directors or supplemental indentures pursuant to Sections 2.1 2.1. and 2.3, an 2.4. and Officers’ Certificate, prepared in accordance with Section 12.5, ' Certificate either setting forth the form or forms and terms of the NotesNotes and related coupons, if any, and describing the actions taken to establish such form or forms and terms or showing the authority to establish such form or forms and terms by Issuer Order or procedures specified therein; and (iv4) an Opinion of Counsel, prepared in accordance with Section 12.511.5., which shall state (a) that the form or forms and terms of such Notes and related coupons, if any, have been or will, when established in compliance with procedures therein described, be duly authorized and established in conformity with the provisions of this Indenture; and (b) that such Notes, together with any coupons appertaining thereto, when authenticated and delivered by the Trustee and issued by the Company Issuer in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the legal, valid and binding obligations of the CompanyIssuer, enforceable against the Company Issuer in accordance with and subject to such matters as counsel may therein specify. Notwithstanding the provisions of Section 2.1. and of this Section 2.5. , if not all the Notes of any Series are to be issued at one time, it shall not be necessary to deliver the Officers' Certificate otherwise required pursuant to (b3) above or the Issuer Order and Opinion of Counsel otherwise required pursuant to this Section 2.5. prior to or at the time of issuance of each Note, but such documents shall be delivered prior to or at the time of issuance of the first Note of such Series. The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, (x) being advised by counsel, and after having consulted with counsel to the CompanyIssuer, determines that such action may not lawfully be takentaken by the Issuer, (y) acting in good faith through its board Board of Directors or a committee of its directors or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers Officer shall determine that such action would expose the Trustee to personal liability to existing Holders or (z) determines that such action will affect its rights, duties, obligations or immunities hereunder in a manner not reasonably acceptable to it.

Appears in 1 contract

Samples: Indenture (Metrogas Inc)

Authentication and Delivery of Notes. (a) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver one or more Notes of any Series, together with any coupons appertaining thereto, executed by the Company pursuant to Section 2.7, to the Trustee for authentication together with the applicable documents referred to below in this SectionSection 2.6, and the Trustee shall thereafter authenticate and deliver such Notes to or upon the order of the Company (contained specified in the Company Order referred to below in this Section 2.42.6) or pursuant to such procedures acceptable to the Trustee as may be specified from time to time by a Company Order. Such The Company Order (and any related Officers’ Certificate and/or Opinion of Counsel) to be delivered by the Company may be transmitted via facsimile (with the original to be subsequently delivered by mail) and may provide written instructions or provide for further instructions from the Company Company, as to the form and terms of such Notes. In authenticating such Notes and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive and (subject to TIA Sections 315(a) through 315(d)) shall be fully protected in relying upon: (i1) a Company Order requesting such authentication setting forth instructions as to delivery (if the Notes are not to be delivered to the Company) and completion of any terms not set forth in such Notes as executed by the Company or setting forth procedures acceptable to the Trustee as to such completion and delivery; (ii2) any resolutions Board Resolution or resolution of the Board of Directors and an Officers’ Certificate, or, if applicable, in lieu of such resolutions and Officers’ Certificate, an any two Authorized Officers or executed supplemental indenture referred to in Sections 2.1 and 2.3 2.5 by or pursuant to which the forms and terms of such Notes were established; (iii3) to the extent the forms and terms of such Notes are determined pursuant to (and are not set forth in) resolutions of the a Board of Directors Resolution or supplemental indentures indenture pursuant to Sections 2.1 and 2.32.5, an Officers’ Certificate, prepared in accordance with Section 12.511.5, either setting forth the form or forms and terms of the NotesNotes and related coupons, if any, and describing the actions taken to establish such form or forms and terms or showing the authority to establish such form or forms and terms by Company Order or procedures specified therein; and (iv4) an Opinion of Counsel or Opinions of Counsel, prepared in accordance with Section 12.511.5, which shall state (a) that the form or forms and terms of such Notes and related coupons, if any, have been or will, when established in compliance with procedures therein described, be duly authorized and established in conformity with the provisions of this Indenture; and (b) that such Notes, together with any coupons appertaining thereto, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with and their terms, subject to such matters as counsel may therein specify. . Notwithstanding the provisions of Section 2.1 and of this Section 2.6, if not all the Notes of any Series are to be issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to (b3) above or the Company Order and Opinion of Counsel otherwise required pursuant to this Section 2.6 prior to or at the time of issuance of each Note, but such documents shall be delivered prior to or at the time of issuance of the first Note of such Series. The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, (x) being advised by counsel, and after having consulted with counsel to the Company, determines that such action may not lawfully be takentaken by the Company, (y) acting in good faith through its board Board of Directors or a committee of its directors or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers Officer shall determine that such action would expose the Trustee to personal liability to existing Holders or (z) determines that such action will affect its rights, duties, obligations or immunities hereunder in a manner not reasonably acceptable to it.

Appears in 1 contract

Samples: Indenture (Telefonica of Argentina Inc)

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Authentication and Delivery of Notes. (a) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver one or more Notes executed by the Company to the Trustee for authentication together with the applicable documents referred to below in this SectionSection 2.4, and the Trustee shall thereafter authenticate and deliver such Notes to or upon the order of the Company (contained in the Company Order referred to below in this Section 2.4) or pursuant to such procedures as may be specified from time to time by a Company Order. Such Company Order may be transmitted via facsimile (with the original to be delivered by mail) and may provide written instructions or provide for further instructions from the Company as to the form and terms of such Notes. In authenticating such Notes and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive and shall be fully protected in relying upon: (i) a Company Order requesting such authentication setting forth instructions as to delivery (if the Notes are not to be delivered to the Company) and completion of any terms not set forth in such Notes as executed by the Company or setting forth procedures as to such completion and delivery; (ii) any resolutions of the Board of Directors and an Officers’ Certificate, or, if applicable, in lieu of such resolutions and Officers’ Certificate, an executed supplemental indenture referred to in Sections 2.1 and 2.3 by or pursuant to which the forms and terms of such Notes were established; (iii) to the extent the forms and terms of such Notes are determined pursuant to (and are not set forth in) resolutions of the Board of Directors or supplemental indentures pursuant to Sections 2.1 and 2.3, an Officers’ Certificate, prepared in accordance with Section 12.5, either setting forth the form or forms and terms of the Notes; and (iv) an Opinion of Counsel, prepared in accordance with Section 12.5, which shall state (a) that the form or forms and terms of such Notes have been or will, when established in compliance with procedures therein described, be duly authorized and established in conformity with the provisions of this Indenture; and (b) that such Notes, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with and subject to such matters as counsel may therein specify. (b) The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section 2.4 if the Trustee, (x) being advised by counsel, and after having consulted with counsel to the Company, determines that such action may not lawfully be taken, (y) acting in good faith through its board of directors or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers shall determine that such action would expose the Trustee to personal liability to existing Holders or (z) determines that such action will affect its rights, duties, obligations or immunities hereunder in a manner not reasonably acceptable to it.

Appears in 1 contract

Samples: Indenture (Grupo Financiero Galicia Sa)

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