Coupon Debentures Clause Samples

The 'Coupon Debentures' clause defines the terms under which a company issues debentures that carry attached interest coupons. These debentures entitle the holder to receive periodic interest payments, typically at fixed intervals, by presenting the coupons for payment. This clause outlines the rights of debenture holders, the schedule and method of interest payments, and any conditions related to the transfer or redemption of the debentures. Its core function is to provide a clear framework for the issuance and management of interest-bearing debt instruments, ensuring both the issuer and investors understand their respective obligations and entitlements.
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Coupon Debentures. Coupon Debentures issued hereunder shall be negotiable and title thereto shall pass by delivery unless registered as to principal for the time being as hereinafter provided. Notwithstanding registration of coupon Debentures as to principal, the coupons when detached shall continue to be payable to bearer and title thereto shall pass by delivery.
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Coupon Debentures. (1) Coupon Debentures issued hereunder shall be negotiable and title thereto shall pass by delivery unless registered as to principal for the time being as hereinafter provided. Notwithstanding registration of coupon Debentures as to principal, the coupons when detached shall continue to be payable to bearer and title thereto shall pass by delivery. (2) With respect to each series of Debentures issuable as coupon Debentures registrable as to principal only, unless otherwise provided in the supplemental indenture establishing the terms thereof, the Corporation shall cause to be kept by and at the principal office of the Trustee or the Registrar in the City of Montréal a register in which holders of coupon Debentures of such series may register the same as to principal only and in which shall be entered the names and addresses of the holders of coupon Debentures of such series registered as to principal and particulars of the coupon Debentures so registered held by them respectively. Unless otherwise provided as aforesaid, the Corporation shall also, with respect to each series of Debentures issuable as coupon Debentures registrable as to principal only, cause to be provided by and at such principal office of the Trustee or the Registrar facilities for the exchange and transfer of such registered Debentures, and by and at the principal offices of the Trustee or the Registrar in each of the cities of St. John’s (Newfoundland), Halifax, Charlottetown, Saint ▇▇▇▇ (New Brunswick), Toronto, Winnipeg, ▇▇▇▇▇▇, Calgary and Vancouver facilities for the registration, exchange and transfer of coupon Debentures registrable as to principal only. The Corporation may from time to time provide additional facilities for such registration, exchange and transfer at other offices of the Trustee or the Registrar or at other agencies. Such registration shall be noted on the Debentures by the Trustee or the Registrar or other agent. (3) After such registration of a coupon Debenture no transfer thereof shall be valid unless made at one of such offices or other agencies by the registered holder or his executors, administrators or other legal representatives or his or their attorney duly appointed by an instrument in writing in form and execution satisfactory to the Trustee or the Registrar or other agent upon compliance with such reasonable requirements as the Trustee or the Registrar may prescribe, nor unless such transfer shall have been noted on the Debenture by the Trustee or th...
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Coupon Debentures. 22 4.03 Transferee Entitled to Registration ................................ 23 4.04 Exchange of Debentures ............................................. 24 4.05 Charges for Registration, Transfer and Exchange .................... 24 4.06 Register Open for Inspection ....................................... 25 4.07 Limitation on Obligation to Effect Transfers or Exchanges .......... 25 4.08 Ownership of Debentures and Coupons ................................ 25 4.09 Registration, Transfer and Exchange of Series 10 Debentures ....
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Coupon Debentures. 21 4.03 Transferee Entitled to Registration ........................... 22 4.04 Exchange of Debentures ........................................ 22 4.05 Charges for Registration, Transfer and Exchange ............... 23 4.06 Register Open for Inspection .................................. 23 4.07 Limitation on Obligation to Effect Transfers or Exchanges ..... 23 4.08 Ownership of Debentures and Coupons ........................... 24 4.09 Registration, Transfer and Exchange of Series 9 Debentures .... 25 ARTICLE FIVE Redemption and Purchase of Debentures 5.01 Redemption .................................................... 25 5.02 Purchase ...................................................... 26 ARTICLE SIX Redemption of Series 9 Debentures
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Related to Coupon Debentures

  • The Debentures SECTION 2.01.

  • Debentures The Debentures have been duly authorized by the Company and, at the Closing Date, will have been duly executed and delivered to the Indenture Trustee for authentication in accordance with the Indenture, and, when authenticated in the manner provided for in the Indenture and delivered against payment therefor by the Trust, will constitute valid and binding obligations of the Company entitled to the benefits of the Indenture enforceable against the Company in accordance with their terms, subject to Bankruptcy and Equity.

  • Redemption of Debentures 15 Section 3.1. Redemption........................................................................16 Section 3.2. Special Event Redemption..........................................................16 Section 3.3. Optional Redemption by the Company................................................16 Section 3.4.

  • Reliance on Debenture Register Prior to due presentment for transfer to the Company of this Debenture, the Company and any agent of the Company may treat the Person in whose name this Debenture is duly registered on the Debenture Register as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Debenture is overdue, and neither the Company nor any such agent shall be affected by notice to the contrary.

  • Denomination of Debt Securities Unless otherwise provided in the form of Debt Security for any series, the Debt Securities of each series shall be issuable only as fully registered Debt Securities in such Dollar denominations as shall be specified or contemplated by Section 2.03. In the absence of any such specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof.