Bearer Security. 2 "Board" ......................................................2 "Board Resolution".............................................2 "Business Day".................................................2 "CEDEL" ......................................................2 "Commission"...................................................2 "Common Depositary"............................................2 "Company"......................................................2 "Company Request" and "Company Order"..........................2 "Conversion Event".............................................3 "Corporate Trust Office".......................................3 "corporation"..................................................3 "coupon" ......................................................3 "Custodian"....................................................3 "Declaration"..................................................3 "Defaulted Interest"...........................................3 "Dollar" or "$"................................................3 "DTC" ......................................................3 "ECU" ......................................................3 "Euroclear"....................................................3 "European Communities".........................................3 "European Monetary System".....................................3 "Event of Default".............................................3 "Exchange Date"................................................3 "Foreign Currency".............................................3 "Funds from Operations"........................................3 "GAAP" ......................................................3 "Government Obligations".......................................4 "Holder" ......................................................4 "Indenture"....................................................4 "Indexed Security".............................................4 -------- 1 This Table of Contents shall not, for any purpose, be deemed to be part of this Indenture.
Bearer Security. 11 "Board of Directors"........................... 11 "Board Resolution"............................. 11 "Business Day"................................. 11 "CEDEL; CEDEL S.A."............................ 11 "Commission"................................... 11 "Common Depositary"............................ 11 "Common Stock"................................. 11 "Company"...................................... 11 "Company Request" and "Company Order".......... 12 "corporation".................................. 12 "coupon"....................................... 12 "Defaulted Interest"........................... 12 "Depositary"................................... 12 "Designated Currency".......................... 12 "Dollar"....................................... 12 "ECU".......................................... 12 "Euroclear".................................... 12 "European Communities"......................... 12 "Event of Default"............................. 12 "Exchange Rate"................................ 12 "Exchange Rate Agent".......................... 12 "Exchange Rate Officer's Certificate".......... 12 "Foreign Currency"............................. 12 "Global Exchange Date"......................... 12 "Global Security".............................. 12 "Holder"....................................... 13 "interest"..................................... 13 "Interest Payment Date"........................ 13 "Maturity"..................................... 13 "Officers' Certificate"........................ 13 "Opinion of Counsel"........................... 13 "Original Issue Discount Security"............. 13 "Outstanding".................................. 13 "Paying Agent"................................. 14 "Person"....................................... 14 -------------------------------------------------------------------------------- *This table of Contents is not part of the Indenture. 2
Bearer Security. 3 "Board of Directors"................................................................................. 3 "Board Resolution"................................................................................... 3 "Business Day"....................................................................................... 3 "Clearstream"........................................................................................ 3 "Commission"......................................................................................... 3 "Common Depositary".................................................................................. 3 "Company"............................................................................................ 3 "Company Request" or "Company Order"................................................................. 3 "Conversion Date".................................................................................... 3 "Conversion Event"................................................................................... 3 "Corporate Trust Office"............................................................................. 4 "corporation"........................................................................................ 4 "coupon"............................................................................................. 4 "Currency"........................................................................................... 4 "Debt"............................................................................................... 4 "Default"............................................................................................ 4 "Defaulted Interest"................................................................................. 4 "defeasance"......................................................................................... 4 "Depositary"......................................................................................... 4
Bearer Security. 2 "Board of Directors". . . . . . . . . . . . 2 "Board Resolution". . . . . . . . . . . . . 2 "Business Day". . . . . . . . . . . . . . . 2 "Commission". . . . . . . . . . . . . . . . 3 "Common Securities" . . . . . . . . . . . . 3 "Common Securities Guarantee" . . . . . . . 3 "Company" . . . . . . . . . . . . . . . . . 3 "Company Request" or "Company Order". . . . 3 "Corporate Trust Office". . . . . . . . . . 3 "Corporation" . . . . . . . . . . . . . . . 3 "Coupon". . . . . . . . . . . . . . . . . . 3 "Covenant Defeasance" . . . . . . . . . . . 3 "Declaration" . . . . . . . . . . . . . . . 4 "Defaulted Interest". . . . . . . . . . . . 4 "Defeasance". . . . . . . . . . . . . . . . 4 "
Bearer Security. A security whose ownership is determined by the holder of the physical security. Typically, there is no registration on the issuer's books. Title to bearer securities is transferred by delivery of the physical security or certificate. Also known as "physical securities." Benchmark Bills: In November 1999, FNMA introduced its Benchmark Bills program, a short-term debt securities issuance program to supplement its existing discount note program. The program includes a schedule of larger, weekly issues in three- and six-month maturities and biweekly issues in one-year for Benchmark Bills. Each issue is brought to market via a Dutch (single price) auction. FNMA conducts a weekly auction for each Benchmark Bill maturity and accepts both competitive and non-competitive bids through a web based auction system. This program is in addition to the variety of other discount note maturities, with rates posted on a daily basis, which FNMA offers. FNMA's Benchmark Bills are unsecured general obligations that are issued in book-entry form through the Federal Reserve Banks. There are no periodic payments of interest on Benchmark Bills, which are sold at a discount from the principal amount and payable at par at maturity. Issues under the Benchmark program constitute the same credit standing as other FNMA discount notes; they simply add organization and liquidity to the short-term Agency discount note market. Benchmark Notes/Bonds: Benchmark Notes and Bonds are a series of FNMA "bullet" maturities (non-callable) issued according to a pre-announced calendar. Under its Benchmark Notes/Bonds program, 2, 3, 5, IO and 30-year maturities are issued each quaner. Each Benchmark Notes new issue has a minimum size of $4 billion, 30-year new issues having a minimum size of$1 billion, with re-openings based on investor demand to further enhance liquidity. The amount of non-callable issuance has allowed FNMA to build a yield curve in Benchmark Notes and Bonds in maturities r.inging from 2 to 30 years. The liquidity emanating from these large size issues has facilitated favorable financing opportunities through the development of a liquid overnight and term repo market. Issues under the Benchmark program constitute the same credit standing as other FNMA issues; they simply add organization and liquidity to the intermediate- and long-term Agency market Benchmark. A market index used as a comparative basis for measuring the performance of an investment portfolio. A performance benchmark s...
Bearer Security. If any Bearer Security shall initially be represented by a portion of a temporary global Security, then, for purposes of this Section and Section 2.4, the notation of a beneficial owner's interest therein upon exchange for a portion of a permanent global Security shall be deemed to be delivery of such beneficial owner's interest in such permanent global Security. Except as permitted by Section 2.6, the Trustee shall not authenticate and make available for delivery any Bearer Security unless all appurtenant Coupons for interest then matured have been detached and cancelled. If the forms or terms of the Securities of the series and any related Coupons have been established by or pursuant to one or more Board Resolutions as permitted by Sections 2.13 and 2.1, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Opinion of Counsel stating:
Bearer Security. 2 "Board of Directors" . . . . . . . . . . . . . . . . . . . . . . . . . 2 "Board Resolution" . . . . . . . . . . . . . . . . . . . . . . . . . . 2 "Business Day" . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 "Cedel" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 "Code" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Commission" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Company" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Company Request" . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Company Order" . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Component Currency" . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Consolidated Net Worth" . . . . . . . . . . . . . . . . . . . . . . . 3 "Conversion Event" . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Corporate Trust Office" . . . . . . . . . . . . . . . . . . . . . . . 3 "corporation" . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "coupon" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 "Currency Determination Agent" . . . . . . . . . . . . . . . . . . . . 3 "Defaulted Interest" . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Depositary" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Designated Subsidiary" . . . . . . . . . . . . . . . . . . . . . . . 4 "Determination Notice" . . . . . . . . . . . . . . . . . . . . . . . . 4 "Dollars" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "$" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Dual Currency Security" . . . . . . . . . . . . . . . . . . . . . . . 4 "ECU" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Election Date" . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Euroclear" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "European Communities" . . . . . . . . . . . . . . . . . . . . . . . . 4 "Event of Default" . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Exchange Date" . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 "Floating Rate Security" . . . . . . . . . . . . . . . . . . . . . . . 5 "Foreign Currency" . . . . . . . . . . . . . . . . . . . . . . . . . . 5 "Global Exchange Agent" . . . . . . . . . . . . . . . . . . . . . . . 5 "Government Obligations" . . . . . . . . . . . . . . . . . . . . . . . 5 "Holder" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Bearer Security. 3 Board of Directors........................................ 3 Board Resolution.......................................... 3
Bearer Security. 3 "Board of Directors"................................................. 3 "Board Resolution"................................................... 3 "Book-Entry Security"................................................ 3 "Business Day"....................................................... 3 "Calculation Agent".................................................. 3 "Capital Base"....................................................... 4 "Capital Lease"...................................................... 4 "
Bearer Security. 2- Board of Directors . . . . . . . . . . . . . . . . . . -2- Board Resolution . . . . . . . . . . . . . . . . . . . -2- Business Day . . . . . . . . . . . . . . . . . . . . . -3- Commission . . . . . . . . . . . . . . . . . . . . . . -3- Common Shares . . . . . . . . . . . . . . . . . . . . . -3- Company . . . . . . . . . . . . . . . . . . . . . . . . -3- Company Request . . . . . . . . . . . . . . . . . . . . -3
