Establishment and Terms Sample Clauses

Establishment and Terms. There are hereby established five new series of Securities to be issued under the Indenture, to be designated as the Company's 2.700% Senior Notes due 2020 (the "2020 Notes"), 3.375% Senior Notes due 2022 (the "2022 Notes"), 3.800% Senior Notes due 2025 (the "2025 Notes"), 4.850% Senior Notes due 2035 (the "2035 Notes") and 5.000% Senior Notes due 2045 (the "2045 Notes" and, together with the 2020 Notes, the 2022 Notes, the 2025 Notes and the 2035 Notes, the "Notes"). The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The 2020 Notes that are to be authenticated and delivered on the date hereof (the "Initial 2020 Notes") will be in an aggregate principal amount of $1,250,000,000. The 2022 Notes that are to be authenticated and delivered on the date hereof (the "Initial 2022 Notes") will be in an aggregate principal amount of $1,250,000,000. The 2025 Notes that are to be authenticated and delivered on the date hereof (the "Initial 2025 Notes") will be in an aggregate principal amount of $2,000,000,000. The 2035 Notes that are to be authenticated and delivered on the date hereof (the "Initial 2035 Notes") will be in an aggregate principal amount of $1,000,000,000. The 2045 Notes that are to be authenticated and delivered on the date hereof (the "Initial 2045 Notes" and, together with the Initial 2020 Notes, the Initial 2022 Notes, the Initial 2025 Notes and the Initial 2035 Notes, the "Initial Notes") will be in an aggregate principal amount of $2,000,000,000. Each series of Notes shall be issued in definitive fully registered form. With respect to any additional 2020 Notes (the "Additional 2020 Notes"), additional 2022 Notes (the "Additional 2022 Notes"), additional 2025 Notes (the "Additional 2025 Notes"), additional 2035 Notes (the "Additional 2035 Notes") or additional 2045 Notes (the "Additional 2045 Notes" and, together with the Additional 2020 Notes, the Additional 2022 Notes, the Additional 2025 Notes and the Additional 2035 Notes, the "Additional Notes") the Company elects to issue under this Indenture, the Company shall set forth in an Officers' Certificate the following information: (i) the aggregate principal amount of Additional Notes of the series specified to be authenticated and delivered pursuant to this Indenture; and (ii) the issue price and the issue date of such Additional Notes, including the date from which interest shall accrue. For purposes of the Indenture, notes will no...
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Establishment and Terms. (a) There is hereby established a new series of Exchange Securities under the Indenture to be exchanged for up to all of the Outstanding 8 1/2% Notes to be designated as the Issuers' 8 1/2% Notes due 2004 (the "New 8 1/2% Notes" and, together with the Outstanding 8 1/2% Notes, the "8 1/2% Notes"). There are to be authenticated and delivered up to $300,000,000 principal amount of New 8 1/2% Notes. The New 8 1/2% Notes shall be issued in definitive fully registered form. The New 8 1/2% Notes shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto and as further provided in Section 1.03. The initial Depositary with respect to the New 8 1/2% Notes shall be The Depository Trust Company ("DTC"). There shall be no limit upon the aggregate principal amount of New 8 1/2% Notes that may be authenticated and delivered under this Indenture. The Issuers will exchange up to $300,000,000 aggregate principal amount of New 8 1/2% Notes authenticated and delivered under this Indenture for a like principal amount of Outstanding 8 1/2% Notes. The New 8 1/2% Notes will mature on February 15, 2004. The New 8 1/2% Notes will bear interest at the rate of 8 1/2% per annum. Interest Payment Dates will be February 15 and August 15 of each year. Holders of New 8 1/2% Notes on the relevant record date for the first interest payment date following the consummation of the 8 1/2% Exchange Offer will receive interest accruing from the most recent date to which interest has been paid on the Outstanding 8 1/2% Notes. Outstanding 8 1/2% Notes accepted for exchange will cease to accrue interest from and after the date of consummation of the 8 1/2% Exchange Offer. Holders whose Outstanding 8 1/2% Notes are accepted for exchange will not receive any payment in respect of accrued interest on such Outstanding 8 1/2% Notes otherwise payable on any interest payment date the record date for which occurs on or after the consummation of the 8 1/2% Exchange Offer. Interest shall be paid to the Person in whose name the applicable New 8 1/2% Note is registered at the close of business on February 1, in the case of the February 15 Interest Payment Date, and August 1, in the case of the August 15 Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. No Additional Amounts will be payable on the New 8 1/2% Notes.
Sample 1Sample 2
Establishment and Terms. There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the Company's 7.6% Debentures due 2096 (the "7.6% Debentures"). The aggregate principal amount of 7.6% Debentures that may be authenticated and delivered under this Indenture is $300,000,000. The 7.6% -1- Debentures that are to be authenticated and delivered on the date hereof (the "Initial 7.6% Debentures") will be in the aggregate principal amount of $294,283,000. The 7.6% Debentures shall be issued in definitive fully registered form without coupons. With respect to any additional 7.6% Debentures the Company elects to issue under this Indenture (the "Additional 7.6% Debentures"), the Company shall set forth in an Officer's Certificate the following information: (i) the aggregate principal amount of such Additional 7.6% Debentures to be authenticated and delivered pursuant to this Indenture; (ii) the issue price and the issue date of such Additional 7.6% Debentures, including the date from which interest shall accrue; and (iii) whether such Additional 7.6% Debentures shall be a Debenture that constitutes a "restricted security" within the meaning of Rule 144(a)(3) of the Securities Act (a "Restricted Debenture") or a Debenture that is not a Restricted Debenture (an "Unrestricted Debenture); provided, however, that the Trustee shall be entitled to request and conclusively rely on an opinion of counsel with respect to whether any Debenture constitutes a Restricted Debenture. For purposes of the Indenture, 7.6% Debentures will not be deemed to be Additional 7.6% Debentures unless the maturity date, Interest Payment Dates, record date and interest rate are identical to the Initial 7.6% Debentures. The Initial 7.6% Debentures and the Additional 7.6% Debentures shall be considered collectively as a single class for all purposes of this Indenture. Holders of the Initial 7.6% Debentures and the Additional 7.6% Debentures will vote and consent together on all matters to which such Holders are entitled to vote or consent as one class, and none of the Holders of the Initial 7.6% Debentures or the Additional 7.6% Debentures shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent. The 7.6% Debentures shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto and as further provided in Section 1.02. The initial Depositary with respect ...
Sample 1
Establishment and Terms. (a) There is hereby established a new series of Initial Securities to be issued under the Indenture, to be designated as the Issuers' 8 1/2% Notes Due 2004 (the "8 1/2% Notes"). There are to be authenticated and delivered $300,000,000 principal amount of 8 1/2% Notes to be issued at 99.992% of principal amount. The 8 1/2% Notes shall be issued in definitive fully registered form. The 8 1/2% Notes shall be issued in the form of three Global Securities in substantially the form set out in Exhibit A hereto and as further provided in Section 1.03. The initial Depositary with respect to the 8 1/2% Notes shall be The Depository Trust Company ("DTC"). There shall be no limit upon the aggregate principal amount of 8 1/2% Notes that may be authenticated and delivered under this Indenture. The 8 1/2% Notes will mature on February 15, 2004. The 8 1/2% Notes will bear interest at the rate of 8 1/2% per annum. Interest Payment Dates will be February 15 and August 15 of each year. The first Interest Payment Date will be August 15, 1999. Interest shall be paid to the Person in whose name the applicable 8 1/2% Note is registered at the close of business on February 1, in the case of the February 15 Interest Payment Date, and August 1, in the case of the August 15 Interest Payment Date. Interest will accrue from February 16, 1999. Interest will be computed on the basis of a 360- day year of twelve 30-day months. No Additional Amounts will be payable on the 8 1/2% Notes. The 8 1/2% Notes will be redeemable as provided in Section 1.02. The 8 1/2% Notes will not be subject to a sinking fund.
Sample 1

Related to Establishment and Terms

  • Agreement and Term This Agreement records the Parties' agreement that:

  • Definitions and Terms Term Definition

  • Amounts and Terms of Commitments (a) The Term Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make a single loan to the Company (each such loan, a "Term Loan") on the Closing Date in a principal amount not to exceed such Bank's Pro Rata Share of the Term Commitment. Amounts borrowed as Term Loans which are repaid or prepaid by the Company may not be reborrowed. Term Loans shall be denominated in Dollars and shall not be available in, or convertible into, Offshore Currencies. (b) The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Borrowers (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Bank at such time, the amount set forth on Schedule 2.01 under the heading "Commitment" (such amount, together with such Bank's Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.08 or as a result of one or more assignments under Section 11.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans, Term Loans, Bid Loans and L/C Obligations shall not at any time exceed the combined Commitments; and provided further that, (i) after giving effect to any Borrowing of Offshore Currency Loans, the aggregate principal Dollar Equivalent amount of all Offshore Currency Loans shall not exceed the Offshore Currency Loan Sublimit, and (ii) the Effective Amount of the Revolving Loans and Term Loans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not exceed such Bank's Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this subsection 2.01(b), prepay under Section 2.09 and reborrow under this subsection 2.01(b).

  • Amount and Terms of Commitments 2.1 [Reserved]. 2.2 [Reserved]. 2.3 [Reserved].

  • Amounts and Terms of the Loans 33 2.1. The Revolving Credit Loans............................................................................ 33 2.2. Making the Loans...................................................................................... 33 2.3. Fees ................................................................................................ 35 2.4. Reduction and Termination of the Commitments.......................................................... 36 2.5. Repayment............................................................................................. 36 2.6. Prepayments........................................................................................... 37 2.7. Conversion/Continuation Option........................................................................ 38 2.8. Interest.............................................................................................. 39 2.9. Interest Rate Determination and Protection............................................................ 40 2.10.

  • Amendment and Termination No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

  • Amounts and Terms of Loans 2 1.1 Loans...........................................................................................2 1.2

  • PRICES AND TERMS Price Structure Standard Product: all Participating Consumers are enrolled in this option unless they opt out. This product includes the statutory mix plus voluntary RECs to bring total mix to % Green. Optional Greener Products: to enroll in this option participant must affirmatively opt in. This product includes the statutory mix plus voluntary RECs equal to % of the load plus RECs to bring total mix to % Green Optional Least Expensive Product: to enroll in this option participant must affirmatively opt in. This product includes the statutory mix, no additional voluntary RECs. Terms for System Supply Service Renewable Energy in System Supply:

  • Loans and Terms of Payment 2.1 [Reserved].

  • Amount and Terms of the Loan The Loan. Subject to the terms of this Agreement, each Purchaser agrees to lend to the Company at the Closing (as hereinafter defined) the amount set forth opposite such Purchaser’s name on the Schedule of Purchasers attached to this Agreement (each, a “Loan Amount”) against the issuance and delivery by the Company of a convertible promissory note for such amount, in substantially the form attached hereto as Exhibit A (each, a “Note” and collectively, the “Notes”).

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