Common use of Authorization of Bonds Clause in Contracts

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1, 2018 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 2 contracts

Samples: Purchase Agreement (Potomac Electric Power Co), Purchase Agreement (Potomac Electric Power Co)

AutoNDA by SimpleDocs

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 75,000,000 aggregate principal amount of its First Mortgage Bonds, 4.275.55% Series due June 15March 20, 2048 2054 (the “4.275.55% Bonds”), $75,000,000 aggregate principal amount of its First Mortgage Bonds, 5.29% Series due August 28, 2034 (the “5.29% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.315.49% Series due November 1August 28, 2048 2039 (the “4.315.49% Bonds” and, together collectively with the 4.275.55% Bonds and the 5.29% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1as of January 15, 1936 1937 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.formerly Irving Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by an Indenture Supplemental to the Supplemental IndentureMortgage and Deed of Trust, dated as of June March 1, 2018 2024 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic City Electric Co)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 250,000,000 aggregate principal amount of its First General and Refunding Mortgage Bonds, 4.274.71% Series due June 15, 2048 SERIES DUE 2052 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the General and Refunding Mortgage and Deed of TrustIndenture, dated July as of May 1, 1936 2001 (the “Mortgage and Deed of TrustIndenture”), from the Company to The Bank of New York Mellon Trust Company, N.A. (as successor to The Xxxxx National Bank of Washington, D.C.New York), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Company Supplemental Indenture, dated as of June 1May 31, 2018 2022 (which incorporates the terms of the Officer’s Certificate, dated as of May 31, 2022 (the “Officer’s Certificate”)) (together with the Officer’s Certificate, the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of TrustIndenture, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A C hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Bond Purchase Agreement (Nevada Power Co)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.273.50% Series due June 15May 21, 2048 2029 (the “4.273.50% Bonds”) and $100,000,000 50,000,000 aggregate principal amount of its First Mortgage Bonds, 4.314.14% Series due November 1May 21, 2048 2049 (the “4.314.14% Bonds” and, together with the 4.27% Bonds”) (collectively, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1as of January 15, 1936 1937 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.formerly Irving Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Indenture Supplemental Indentureto the Mortgage and Deed of Trust, dated as of June 1May 2, 2018 2019 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Bond Purchase Agreement (Atlantic City Electric Co)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 150,000,000 aggregate principal amount of its First Mortgage Bonds, 4.272.32% Series due June 15March 30, 2048 2031 (the “4.272.32% Bonds”) and $100,000,000 125,000,000 aggregate principal amount of its First Mortgage Bonds, 4.313.29% Series due November 1September 28, 2048 2051 (the “4.313.29% Bonds” and, together with the 4.272.32% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1February 15, 2018 2021 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Delmarva Power & Light Co /De/)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 150,000,000 aggregate principal amount of its First Mortgage Bonds, 4.272.53% Series due June 15February 25, 2048 2020 (the “4.272.53% Bonds”) and $100,000,000 150,000,000 aggregate principal amount of its First Mortgage Bonds, 4.313.28% Series due November 1September 23, 2048 2050 (the “4.313.28% Bonds” and, together with the 4.272.53% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June 1February 12, 2018 2020 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Potomac Electric Power Co)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 75,000,000 aggregate principal amount of its First Mortgage Bonds, 4.274.14% Series due June 15SERIES DUE DECEMBER 12, 2048 2049 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July as of October 1, 1936 1943 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.New York Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the One Hundred and Twenty-Second Supplemental Indenture, dated as of June 1MAY 2, 2018 2019 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Delmarva Power & Light Co /De/)

AutoNDA by SimpleDocs

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 200,000,000 aggregate principal amount of its First Mortgage Bonds, 4.27% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November 1, 2048 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July as of October 1, 1936 1943 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.New York Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the One Hundred and Twenty-First Supplemental Indenture, dated as of June 1, 2018 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Delmarva Power & Light Co /De/)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.275.24% Series due June 15SERIES DUE MARCH 20, 2048 2034 (the “4.275.24% Bonds”) and $100,000,000 75,000,000 aggregate principal amount of its First Mortgage Bonds, 4.315.55% Series due November 1March 20, 2048 2054 (the “4.315.55% Bonds” and, together with the 4.275.24% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July as of October 1, 1936 1943 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.New York Trust Company), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June March 1, 2018 2024 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Atlantic City Electric Co

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 150,000,000 aggregate principal amount of its First Mortgage Bonds, 4.273.50% Series due June 15, 2048 (the “4.27% Bonds”) and $100,000,000 aggregate principal amount of its First Mortgage Bonds, 4.31% Series due November December 1, 2048 2025 (the “4.31% Bonds” and, together with the 4.27% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1as of January 15, 1936 (the “Mortgage and Deed of Trust”)1937, from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.formerly Irving Trust Company), as trustee (the “Trustee”), as amended and supplemented through by various instruments including that certain Indenture Supplemental to the date hereof Mortgage and as further amended and supplemented by the Supplemental IndentureDeed of Trust, dated as of June December 1, 2018 2015 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Bonds, such Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings meaning ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic City Electric Co)

Authorization of Bonds. The Company will authorize the issue and sale of $100,000,000 225,000,000 aggregate principal amount of its First Mortgage Bonds, 4.273.35% Series due June September 15, 2048 2032 (the “4.273.35% Bonds”) and $100,000,000 400,000,000 aggregate principal amount of its First Mortgage Bonds, 4.313.97% Series due November 1March 24, 2048 2052 (the “4.313.97% Bonds” and, together with the 4.273.35% Bonds, the “Bonds”). The Bonds will be issued under and in accordance with and secured by the Mortgage and Deed of Trust, dated July 1, 1936 (the “Mortgage and Deed of Trust”), from the Company to The Bank of New York Mellon (as successor to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented through the date hereof and as further amended and supplemented by the Supplemental Indenture, dated as of June March 1, 2018 2022 (the “Supplemental Indenture”), establishing the terms of the Bonds (the Mortgage and Deed of Trust, as so amended and supplemented, being hereinafter called the “Mortgage”). The Supplemental Indenture shall be substantially in the form set out in Exhibit A hereto, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. Certain capitalized terms used herein shall have the respective meanings ascribed to such terms in the Mortgage unless otherwise defined in Schedule B to this Agreement or the context hereof shall otherwise require. SECTION 2.

Appears in 1 contract

Samples: Purchase Agreement (Potomac Electric Power Co)

Time is Money Join Law Insider Premium to draft better contracts faster.