Common use of Designation, Principal Amount and Redemption Clause in Contracts

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.875% Guaranteed Notes due 2036”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21, 2036, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.875% per annum, from November 21, 2006 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 and November 21, commencing May 21, 2007 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 2 contracts

Samples: Vale Overseas LTD, Companhia Vale Do Rio Doce

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Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8756.250% Guaranteed Notes due 20362017”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 1,250,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21January 23, 20362017, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8756.250% per annum, from November 21, 2006 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 January 23 and November 21July 23, commencing May 21July 23, 2007 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 2 contracts

Samples: Companhia Vale Do Rio Doce, Vale Overseas LTD

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8755.250% Guaranteed Notes due 20362024”. The Notes will initially be limited to issued in an aggregate principal amount of $2,500,000,000 U.S.$600,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.43.04, 3.53.05, 9.6 9.06 or 11.5 11.07 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the NotesMaturity. The stated maturity of the Notes shall be on November 21May 12, 2036, 2024 (the “Stated Maturity DateMaturity”). The Notes shall (subject to Section 10.6 10.09 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8755.250% per annum, from November 21May 12, 2006 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 12 and November 2112 of each year, commencing May 21on November 12, 2007 2014 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To Interest on the extent interest due Securities shall be computed on any Interest Payment Date is not paidthe basis of a 360-day year consisting of twelve 30-day months. The Company may from time to time, interest shall accrue thereon at without the Default Rate consent of Interestthe Holders, create and issue additional Notes having the same terms and conditions as the Notes in all respects, except as provided hereinfor issue date, until such unpaid issue price and the first payment of interest thereon. Additional Notes issued in this manner shall increase the aggregate principal amount of, and interest accrued thereon are paid in fullshall form a single series with and vote together with the previously outstanding Notes.

Appears in 1 contract

Samples: Indenture (Fibria Celulose S.A.)

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8755 5/8% Guaranteed Notes due 20362019”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 1,000,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21September 15, 20362019, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8755 5/8% per annum, from November 21September 15, 2006 2009 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 March 15 and November 21September 15, commencing May 21March 15, 2007 2010 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Vale Overseas LTD

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8756.400% Guaranteed Notes due 20362054”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,000,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21June 28, 2036, 2054 (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8756.400% per annum, from November 21June 28, 2006 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 June 28 and November 21December 28 of each year, commencing May 21on December 28, 2007 2024 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Vale S.A.

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8756.450% Guaranteed Notes due 20362024”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.43.04, 3.53.05, 9.6 9.06 or 11.5 11.05 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the NotesMaturity. The stated maturity of the Notes shall be on November 21February 3, 2036, 2024 (the “Stated Maturity DateMaturity”). The Notes shall (subject to Section 10.6 10.09 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8756.450% per annum, from November 21February 3, 2006 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 February 3 and November 21August 3 of each year, commencing May 21on August 3, 2007 2014 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To Interest on the extent interest due Securities shall be computed on any Interest Payment Date is not paidthe basis of a 360-day year consisting of twelve 30-day months. The Company may from time to time, interest shall accrue thereon at without the Default Rate consent of Interestthe Holders, create and issue additional Notes having the same terms and conditions as the Notes in all respects, except as provided hereinfor issue date, until such unpaid issue price and the first payment of interest thereon. Additional Notes issued in this manner shall increase the aggregate principal amount of, and interest accrued thereon are paid in fullshall form a single series with and vote together with the previously outstanding Notes.

Appears in 1 contract

Samples: Braskem Sa

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8754.000% Guaranteed Notes due 20362025”. The Notes will initially be limited to issued in an aggregate principal amount of $2,500,000,000 U.S.$600,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.43.04, 3.53.05, 9.6 9.06 or 11.5 11.07 of the Base Indenture). The stated maturity of the Notes shall be on January 14, 2025 (the “Stated Maturity”). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21, 2036, (the “Stated Maturity Date”)Maturity. The Notes shall (subject to Section 10.6 10.09 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8754.000% per annum, from November 2114, 2006 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 January 14 and November 21, commencing May 21, 2007 July 14 of each year (each, an “Interest Payment Date”), commencing on January 14, 2018, until the principal thereof is paid or made available for payment. To Interest on the extent interest due Securities shall be computed on any Interest Payment Date is not paidthe basis of a 360-day year consisting of twelve 30-day months. The Company may from time to time, interest shall accrue thereon at without the Default Rate consent of Interestthe Holders, create and issue additional Notes having the same terms and conditions as the Notes in all respects, except as provided hereinfor issue date, until such unpaid issue price and the first payment of interest thereon. Additional Notes issued in this manner shall increase the aggregate principal amount of, and interest accrued thereon are paid in fullshall form a single series with and vote together with the previously Outstanding Notes.

Appears in 1 contract

Samples: Fibria Celulose S.A.

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8756.250% Guaranteed Notes due 20362026”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,000,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21August 10, 2036, 2026 (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8756.250% per annum, from November 21August 10, 2006 2016 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 February 10 and November 21August 10 of each year, commencing May 21on February 10, 2007 2017 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Supplemental Indenture (Vale S.A.)

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8755.625% Guaranteed Notes due 20362042”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 1,500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21September 11, 20362042, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8755.625% per annum, from November 21September 11, 2006 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 March 11 and November 21September 11 of each year, commencing May 21on March 11, 2007 2013 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. Interest on the Securities shall be computed on the basis of a 360-day year consisting of twelve 30-day months. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Indenture (Vale S.A.)

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8755.875% Guaranteed Notes due 20362021”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,250,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21June 10, 2036, 2021 (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8755.875% per annum, from November 21June 10, 2006 2016 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 June 10 and November 21December 10 of each year, commencing May 21on December 10, 2007 2016 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Supplemental Indenture (Vale S.A.)

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Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8753.750% Guaranteed Notes due 20362023”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 €750,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21January 10, 20362023, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8753.750% per annum, from November 21July 10, 2006 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 and November 21January 10 each year, commencing May 21on January 10, 2007 2013 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. Interest on the Securities shall be computed on the basis of a 365-day year or a 366-day year, as applicable, and the actual number of days elapsed. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Vale S.A.

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8754.375% Guaranteed Notes due 20362022”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,000,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21January 11, 2036, 2022 (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8754.375% per annum, from November 21January 11, 2006 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 January 11 and November 21July 11 of each year, commencing May 21on July 11, 2007 2012 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Supplemental Indenture (Vale S.A.)

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8753.750% Guaranteed Notes due 20362030”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21July 8, 2036, 2030 (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8753.750% per annum, from November 21July 8, 2006 2020 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 January 8 and November 21July 8 of each year, commencing May 21on January 8, 2007 2021 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Supplemental Indenture (Vale S.A.)

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8755.500% Guaranteed Notes due 20362027”. The Notes will initially be limited to issued in an aggregate principal amount of $2,500,000,000 U.S.$700,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.43.04, 3.53.05, 9.6 9.06 or 11.5 11.07 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the NotesMaturity. The stated maturity of the Notes shall be on November 21January 17, 2036, 2027 (the “Stated Maturity DateMaturity”). The Notes shall (subject to Section 10.6 10.09 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8755.500% per annum, from November 21January 17, 2006 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 January 17 and November 21July 17 of each year, commencing May 21on July 17, 2007 2017 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To Interest on the extent interest due Securities shall be computed on any Interest Payment Date is not paidthe basis of a 360-day year consisting of twelve 30-day months. The Company may from time to time, interest shall accrue thereon at without the Default Rate consent of Interestthe Holders, create and issue additional Notes having the same terms and conditions as the Notes in all respects, except as provided hereinfor issue date, until such unpaid issue price and the first payment of interest thereon. Additional Notes issued in this manner shall increase the aggregate principal amount of, and interest accrued thereon are paid in fullshall form a single series with and vote together with the previously outstanding Notes.

Appears in 1 contract

Samples: Fibria Celulose S.A.

Designation, Principal Amount and Redemption. There is hereby authorized and established a new series of Securities designated the “6.8754.625% Guaranteed Notes due 20362020”. The Notes will initially be limited to an aggregate principal amount of $2,500,000,000 US$1,000,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). The principal of the Notes shall be due and payable at the Stated Maturity Date. The Company may, from time to time and without the consent of the Holders, issue additional notes on terms and conditions identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. The stated maturity of the Notes shall be on November 21September 15, 20362020, (the “Stated Maturity Date”). The Notes shall (subject to Section 10.6 of the Base Indenture) be unsecured and shall bear interest at the rate of 6.8754.625% per annum, from November 21September 15, 2006 2010 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on May 21 March 15 and November 21September 15 of each year, commencing May 21on March 15, 2007 2011 (each, an “Interest Payment Date”), until the principal thereof is paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue thereon at the Default Rate of Interest, except as provided herein, until such unpaid interest and interest accrued thereon are paid in full.

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Vale S.A.)

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