Common use of Exchange of Debentures Clause in Contracts

Exchange of Debentures. (a) Debentures of any series may be exchanged upon presentation thereof at a Place of Payment, for other Debentures of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section. In respect of any Debentures so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall make available for delivery in exchange therefor the Debenture or Debentures of the same series which the Debentureholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding.

Appears in 10 contracts

Samples: Indenture (Seitel Capital Trust Ii), Litchfield Capital Trust Ii, Houston Industries Inc

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Exchange of Debentures. (a) Debentures of any series may be exchanged upon presentation thereof at the office or agency of the Company in a Place of PaymentPayment for that series, for other Debentures of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section. In respect of any Debentures so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall make available for delivery deliver in exchange therefor the Debenture or Debentures of the same series which the Debentureholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstandingOutstanding.

Appears in 2 contracts

Samples: Hawaiian Electric Industries Inc, Hei Preferred Funding L P

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Exchange of Debentures. (a) Debentures of any series may be exchanged upon presentation thereof at a the Place of Payment, Payment for other Debentures of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section. In respect of any Debentures so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall make available for delivery in exchange therefor the Debenture or Debentures of the same series which the Debentureholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding.

Appears in 1 contract

Samples: Lyondell Trust Iii

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