EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.
Appears in 8 contracts
Samples: Junior Subordinated Indenture (Atlantic City Electric Co), Indenture (Montana Power Co /Mt/), Indenture (Tu Electric Capital Ii)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen XV shall be of no further effect, and the Securities Notes shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article TwelveXIII hereof.
Appears in 6 contracts
Samples: Subordinated Indenture (Great Plains Energy Inc), Subordinated Indenture (Great Plains Energy Inc), Subordinated Indenture (Great Plains Energy Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Company, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.. ARTICLE SIXTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
Appears in 5 contracts
Samples: Subordinated Indenture (Pp&l Capital Funding Trust I), Subordinated Indenture (American Electric Power Co Inc), Subordinated Indenture (Southwestern Electric Power Co)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.. ARTICLE SIXTEEN JUNIOR SUBORDINATED DEBENTURES
Appears in 4 contracts
Samples: Indenture (Txu Capital Iv), Indenture (Txu Capital I), Indenture (Allete Capital Iii)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen Fourteen shall be of no further effect, and the Securities Guarantee shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Guarantor, if the Company Guarantor shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company Guarantor shall not be deemed to be a supplemental indenture for purposes of Article Twelve.
Appears in 3 contracts
Samples: Subordinated Indenture (Pp&l Capital Funding Trust I), Subordinated Indenture (Pp&l Capital Funding Trust I), Subordinated Indenture (Pp&l Capital Funding Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article TwelveTwelve hereof.
Appears in 2 contracts
Samples: Indenture for Unsecured Subordinated Debt Securities (Union Electric Co), Trust Indenture (Duquesne Light Co)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen Fourteen shall be of no further effect, and the Securities Guarantee shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Guarantor, if if, and to the Company extent, the Guarantor shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company Guarantor shall not be deemed to be a supplemental indenture for purposes of Article Twelve.
Appears in 2 contracts
Samples: Indenture (FPL Group Inc), Indenture (FPL Group Capital Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen XV shall be of no further effect, and the Debt Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article TwelveXII.]
Appears in 2 contracts
Samples: Indenture (Progress Energy Inc), Indenture (Cp&l Energy Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Company, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.
Appears in 2 contracts
Samples: Subordinated Indenture (Southwestern Electric Power Co), Subordinated Indenture (Pp&l Capital Funding Trust I)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen XV shall be of no further effect, and the Securities Notes shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.XIII hereof. 55
Appears in 1 contract
Samples: Indenture (Ameren Corp)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen 14 shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Company, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve12.
Appears in 1 contract
Samples: Junior Subordinated Indenture (Infinity Capital Trust I)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen XV shall be of no further effect, and the Debt Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article TwelveXII.]*
Appears in 1 contract
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this ArticleArticle Eighteen, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen Eighteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of the Corporation, if if, and to the Company extent, the Corporation shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company Corporation shall not be deemed to be a supplemental indenture for purposes of Article TwelveEleven.
Appears in 1 contract
Samples: First Supplemental Indenture (Constellation Energy Group Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture Agreement shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen Twelve shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture an amendment for purposes of Article TwelveNine.
Appears in 1 contract
Samples: Contingent Value Obligation Agreement (Carolina Power & Light Co)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen shall be of no further effect, and the Securities shall no longer be subordinated in right of payment to the prior payment of Senior IndebtednessIndebtedness of PEC, if the Company PEC shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company PEC shall not be deemed to be a supplemental indenture for purposes of Article Twelve.Nine. --------------------
Appears in 1 contract
Samples: Indenture (Pec Funding Trust I)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything any contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Supplemental Indenture shall be subject to the provisions of this Article, so as far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fifteen Six shall be of no further effect, and the Securities Debentures shall no longer be subordinated in right of payment to the prior payment of Senior Indebtedness, if the Company shall have delivered to the Trustee a notice to such effect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve.Nine of the Indenture. [ARTICLE SEVEN
Appears in 1 contract
