Consolidated Net Tangible Assets. 2 Corporation.....................................................2
Consolidated Net Tangible Assets. 2 Default..................................................................................................
Consolidated Net Tangible Assets. In case either of the Issuers or any Restricted Subsidiary shall propose to pledge, mortgage, hypothecate or grant a security interest in any property or assets owned by such Issuer or any Restricted Subsidiary to secure any Indebtedness, other than as permitted by subdivisions (a) to (j), inclusive, of this Section 3.6, such Issuer will prior thereto give written notice thereof to the Trustee, and such Issuer will, or TEL will cause such Restricted Subsidiary to, prior to or simultaneously with such pledge, mortgage, hypothecation or grant of security interest, by supplemental indenture executed to the Trustee (or to the extent legally necessary to another trustee or additional or separate trustee), in form satisfactory to the Trustee, effectively secure (for so long as such other Indebtedness shall be so secured) all the Securities equally and ratably with such Indebtedness and with any other indebtedness similarly entitled to be equally and ratably secured. Such supplemental indenture shall contain the provisions concerning the possession, control, release and substitution of mortgaged and pledged property and securities and other appropriate matters which are required by the Trust Indenture Act of 1939 (as in effect at the date of execution of such supplemental indenture) to be included in a secured indenture qualified under the Trust Indenture Act of 1939, and may also contain such additional and amendatory provisions permitted by the Trust Indenture Act of 1939 as such Issuer and the Trustee shall deem advisable or appropriate or as the Trustee shall deem necessary in connection with such pledge, mortgage, hypothecation or grant of security interest. For the purpose of this Section 3.6, "security interest" shall include the interest of the lessor under a lease with a term of three years or more that should be, in accordance with generally accepted accounting principles, recorded as a capital lease, and any such lease of property or assets not acquired from an Issuer or any Restricted Subsidiary in contemplation of such lease shall be treated as though the lessee had purchased such property or assets from the lessor.
Consolidated Net Tangible Assets. 8 ------------------------ 1 NOTE: This table of contents shall not, for any purpose, be deemed to be a part of the Indenture
Consolidated Net Tangible Assets. Concurrently with the delivery of any financial statements as at the end of any fiscal period pursuant to clauses (a) or (b) above of this Section 6.1, a calculation, which calculation shall be certified by a Responsible Officer of the Borrower, of “Consolidated Net Tangible Assets” under and as defined in (x) each of the indentures governing the Existing Public Debt and (y) the Indenture, setting forth the aggregate amount of the Secured Obligations that may be secured by property of the Borrower and its Subsidiaries without requiring that such security be shared equally and ratably with the security issued under such indentures and the Indenture.
Consolidated Net Tangible Assets. The term "
Consolidated Net Tangible Assets. Consolidated Assets less: amounts attributable to goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other similar intangibles and adjustments on account of minority interests of other persons holding stock of a Subsidiary Cdn. $ Consolidated Net Tangible Assets Cdn. $
Consolidated Net Tangible Assets give to the Trustee at the same time as sending (i) the certificate of the relevant Issuer or the relevant Guarantor, as the case may be, referred to in Clause 9.5 and/or (ii) any notice referred to in Clause 9.2 in so far as it relates to any Event of Default or Potential Event of Default falling within Condition 10(c), (d), (e) or (h) (insofar as it relates to any of the events mentioned in relation to Condition 10(c) or (e)), a letter signed by any two of its directors specifying the amount of the relevant Consolidated Net Tangible Assets for the purposes of the Conditions.
Consolidated Net Tangible Assets. Debt Security or Debt Securities; outstanding............. 2
Consolidated Net Tangible Assets. Concurrently with the delivery of any financial statements as at the end of any fiscal period pursuant to clauses (a) or (b) above of this Section 6.1, a calculation, which calculation shall be certified by a Responsible Officer of the U.S. Borrower, of Consolidated Net Tangible Assets, setting forth the aggregate amount of the Secured Obligations that may be secured by property of the U.S. Borrower and its Subsidiaries without requiring that such security be shared equally and ratably with the security issued under such indentures and the Indenture. Notwithstanding the foregoing, once the U.S. Borrower obtains an Investment Grade Rating, then the reporting covenants described in this clause (g) shall not be in effect.
