Common use of Interim Debentures Clause in Contracts

Interim Debentures. (a) Pending the preparation and delivery to the Indenture Trustee of definitive Debentures, the Corporation may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form and in such denominations and with such appropriate insertions, omissions, substitutions and variations as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereof, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations when the same are prepared and ready for delivery, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause to be prepared the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged for definitive Debentures, entitle the holders thereof to rank for all purposes as Debentureholders and otherwise in respect of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for definitive Debentures such interim Debentures shall forthwith be cancelled by the Indenture Trustee.

Appears in 1 contract

Sources: Trust Indenture

Interim Debentures. (a) Pending the preparation and delivery to the Indenture Trustee of definitive DebenturesDebentures of any series, the Corporation may execute issue and the Trustee or the Registrar certify in lieu thereof (but subject to the same provisionsinterim Debentures, conditions and limitations as herein set forth)with or without coupons, and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form forms and in such denominations and with signed in such appropriate insertions, omissions, substitutions and variations manner as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereofapprove, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations of the said series when the same are prepared and ready for delivery. When so issued and certified, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause shall, for all purposes, be deemed to be prepared debentures and, pending the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged exchange thereof for definitive Debentures, entitle the holders thereof of the said interim Debentures shall be deemed to rank for all purposes as be Debentureholders and otherwise in respect entitled to the benefit of this Trust Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for Forthwith after the Corporation shall have executed and delivered the definitive Debentures to the Trustee or the Registrar, the Trustee or the Registrar shall call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons (if any) pertaining thereto. No charge shall be made by the Corporation, the Trustee or the Registrar to the holders of such interim Debentures for such exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted thereon as a condition precedent to such payment unless paid by cheque to the Indenture Trusteeregistered holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Bce Inc)

Interim Debentures. (a) Pending the preparation and delivery of definitive Debentures of any series or part of a series to the Indenture Trustee of definitive DebenturesTrustee, the Corporation Bank may execute issue in lieu thereof (but subject to the same provisionsDebentures, conditions and limitations as herein set forth)with or without coupons, and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form forms and in such denominations and with sighed in such appropriate insertions, omissions, substitutions and variations manner as the Indenture Trustee and the Corporation Bank may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereof, either manual or in facsimile, by any trustee or officer thereof on behalf of the Corporation) Bank), entitling the holders thereof to definitive Debentures in any authorized denominations of the said series or part of a series when the same are prepared and ready for delivery, without expense to delivery or the holders, but Bank may execute and the total amount of Trustee certify an interim Debentures shall not exceed Debenture for the aggregate whole principal amount of Debentures then authorized to be issued hereunderand deliver the same to the Trustee and thereupon the Trustee may issue interim certificates in such form and in such amounts, not exceeding in the aggregate the principal amount of the interim Debenture so delivered to it, as the Bank and the Trustee may approve, entitling the holders thereof to definitive Debentures when the same are ready for delivery. Forthwith after the issuance of any When so issued and certified, such interim Debentures the Corporation shall cause shall, for all purposes, be deemed to be prepared Debentures and, pending the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged exchange thereof for definitive Debentures, entitle the holders thereof of the said interim or temporary Debentures shall be deemed to rank for all purposes as be Debentureholders and otherwise in respect entitled to the benefit of this Trust Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for Forthwith after the Bank shall have executed and delivered the definitive Debentures to the Trustee, the Trustee shall call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons, if any, pertaining thereto. No charge shall be made by the Bank or the Trustee to the holders of such interim Debentures for such exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted thereon as a condition precedent to such payment unless paid by cheque to the Indenture Trusteeregistered holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Bank of Montreal /Can/)

Interim Debentures. (a) Subject to the provisions of any Supplemental Indenture authorizing any Series of Debentures, definitive Debentures, other than Global Debentures, of such Series shall be lithographed or printed with steel engraved borders. Pending the preparation and delivery to the Indenture Trustee Trustees of definitive DebenturesDebentures of any Series, the Corporation may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), ) and the Indenture Trustee Trustees may certify, certify interim printed, mimeographed or typewritten Debentures Debentures, in such form forms and in such denominations and with such appropriate insertions, omissions, substitutions insertions and variations as the Indenture Trustee and may be approved by any two officers of the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by whose authentication or on behalf of the Indenture Trustee and the signature thereofsignature, either manual or in facsimile, by on any trustee or officer such interim Debentures shall be conclusive evidence of the Corporationsuch approval) entitling the holders Holders thereof to receive definitive Debentures of such Series in any authorized denominations and forms when the same are prepared and ready for delivery, without expense to the holderssuch Holders, but the total amount of interim Debentures of any Series so issued shall not exceed the aggregate principal total amount of Debentures authorized to be issued hereunderof such Series for the time being authorized. Forthwith after the issuance of any such interim Debentures Debentures, the Corporation shall cause to be prepared the appropriate definitive Debentures for delivery to the holders Holders of such interim Debentures. (b) . After the preparation of definitive Debentures of a Series, the interim Debenture or Debentures of such Series shall be exchangeable for definitive Debentures of such Series upon surrender of such interim Debenture or Debentures at the Corporate Trust Office or at the principal office of any other Paying Agent, without charge to the holder thereof. Upon surrender of any such interim Debenture, the Corporation shall execute and the Trustees shall authenticate and deliver in exchange for all or any part of such interim Debenture, one or more definitive Debentures of the same Series, of any authorized denomination and of like tenor and for an aggregate principal amount equal to the aggregate principal amount of the interim Debenture or part thereof that is being exchanged for such definitive Debenture or Debentures and if part only of such interim Debenture is being exchanged for such definitive Debenture or Debentures, together with such interim Debenture with the reduction of the principal amount thereof endorsed thereon or on a Schedule β€œA” annexed thereto by the Trustees or such Paying Agent or together with a new interim Debenture or Debentures, executed by the Corporation and authenticated and delivered by the Trustees, of the same Series, of any authorized denomination and of like tenor and for an aggregate principal amount equal to the remaining principal amount of the surrendered interim Debenture or Debentures. Upon the exchange of the entire principal amount of an interim Debenture for definitive Debentures or for definitive Debentures together with new interim Debentures, the interim Debenture so exchanged shall be cancelled. Any such interim Debentures when duly issued shall, until exchanged for definitive Debentures, entitle the holders Holders thereof to rank for all purposes as Debentureholders and otherwise in respect of this Indenture to the same extent and in the same manner as though the said such exchange had actually been made. When exchanged for definitive Debentures such Any interest paid upon interim Debentures shall forthwith be cancelled noted thereon by the Indenture TrusteePaying Agent at the time of payment unless paid by warrant or cheque to the Holder thereof.

Appears in 1 contract

Sources: Indenture (Brookfield Renewable Energy Partners L.P.)

Interim Debentures. (a) Pending the preparation and delivery of definitive Debentures of any series to the Indenture Trustee of definitive DebenturesTrustee, the Corporation may execute issue and the Trustee certify in lieu thereof (but subject interim Debentures, with or without coupons, in such forms and in such denominations and signed in such manner as provided herein, entitling the holders thereof to definitive Debentures of the said series when the same are ready for delivery, or the Corporation may execute and the Trustee certify an interim Debenture for the whole principal amount of Debentures of the said series then authorized to be issued hereunder and deliver the same to the Trustee and thereupon the Trustee shall, when the same provisionsare ready for delivery, conditions and limitations as herein set forth), and the Indenture Trustee may certify, interim printed, mimeographed or typewritten certify definitive Debentures in such form and in such denominations and with such appropriate insertionsamounts, omissions, substitutions and variations as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereof, either manual or not exceeding in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations when the same are prepared and ready for delivery, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate the principal amount of Debentures authorized the interim Debenture so delivered to be it, as the Corporation and the Trustee may approve. When so issued hereunder. Forthwith after the issuance of any and certified, such interim Debentures the Corporation shall cause to be prepared the appropriate definitive shall, for all purposes but without duplication, rank in respect of this Indenture equally with Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shallhereunder and, until exchanged pending the exchange thereof for definitive Debentures, entitle the holders thereof of the said interim Debentures shall be deemed without duplication to rank for all purposes as Debentureholders be Debenture holders and otherwise in respect entitled to the benefit of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for Forthwith after the Corporation shall have delivered the definitive Debentures to the Trustee, the Trustee shall cancel such interim Debentures, if any, and shall call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons, if any, appertaining thereto. No charge shall be made by the Corporation or the Trustee to the holders of such interim Debentures for the exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted on the definitive Debentures as a condition precedent to delivery of definitive Debentures unless paid by cheque to the Indenture Trusteeregistered holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Talisman Energy Inc)

Interim Debentures. (a) Pending the preparation and delivery of definitive Debentures of any series to the Indenture Trustee of definitive DebenturesTrustee, the Corporation Bank may execute issue and the Trustee certify in lieu thereof (but subject to the same provisionsinterim Debentures, conditions and limitations as herein set forth)with or without coupons, and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form forms and in such denominations and with signed in such appropriate insertions, omissions, substitutions and variations manner as the Indenture Trustee and the Corporation Bank may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereofapprove, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations of the said series when the same are prepared and ready for delivery. When so issued and certified, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause shall, for all purposes, be deemed to be prepared Debentures and, pending the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged exchange thereof for definitive Debentures, entitle the holders thereof of the said interim Debentures shall be deemed to rank for all purposes as be Debentureholders and otherwise in respect entitled to the benefit of this Trust Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for Forthwith after the Bank shall have executed and delivered the definitive Debentures to the Trustee, the Trustee shall call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons (if any) pertaining thereto. No charge shall be made by the Bank or the Trustee to the holders of such interim Debentures for such exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted thereon as a condition precedent to such payment unless paid by cheque to the Indenture Trusteeregistered holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Bank of Montreal /Can/)

Interim Debentures. (a) Pending the preparation and delivery of definitive Debentures of any series to the Indenture Trustee of definitive DebenturesTrustee, the Corporation Bank may execute issue and the Trustee certify in lieu thereof (but subject to the same provisionsinterim Debentures, conditions and limitations as herein set forth)with or without coupons, and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form forms and in such denominations and with signed in such appropriate insertions, omissions, substitutions and variations manner as the Indenture Trustee and the Corporation Bank may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereofapprove, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof thereof, upon and subject to the terms and conditions (if any) set forth herein or in such interim Debentures, to definitive Debentures in any authorized denominations of the said series when the same are prepared and ready for delivery. When so issued and certified, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause shall, for all purposes, be deemed to be prepared Debentures and, pending the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged exchange thereof for definitive Debentures, entitle the holders thereof of the said interim Debentures shall be deemed to rank for all purposes as be Debentureholders and otherwise in respect entitled to the benefit of this Trust Indenture to the same extent and in the same manner as though the said exchange had actually been mademade the whole subject to any limitations or provisions set forth in such interim Debentures. When exchanged for Forthwith after the Bank shall have executed and delivered the definitive Debentures to the Trustee, the Trustee shall, upon and subject to the terms and conditions (if any) set forth herein or in such interim Debentures, call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons (if any) appertaining thereto. No charge shall be made by the Bank or the Trustee to the holders of such interim Debentures for such exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted thereon as a condition precedent to such payment unless paid by cheque to the Indenture Trusteeregistered holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Bank of Montreal /Can/)

Interim Debentures. (a) Pending the preparation and delivery to the Indenture Trustee of definitive Debentures, the Corporation may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures Debentures, in such form and in such denominations and with such appropriate insertions, omissions, substitutions and variations as may be approved by the Indenture Trustee and either the Chief Executive Officer or a Vice President of the Corporation may approve (such approval to be conclusively evidenced by the whose certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereofsignature, either manual or in facsimile, by as the case may be, on any trustee or officer such interim Debentures shall be conclusive evidence of the Corporationsuch approval) entitling the holders Holders thereof to definitive Debentures in any authorized denominations when the same are prepared and ready for delivery, without expense to the holderssuch Holders, but the total amount of interim Debentures so issued shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause to be prepared the appropriate definitive Debentures for delivery to the holders Holders of such interim Debentures. (b) Any such interim . Interim Debentures when which have been duly issued shall, until exchanged for definitive Debentures, entitle the holders Holders thereof to rank for all purposes as Debentureholders and otherwise in respect of this Indenture to the same extent and in the same manner as though the said such exchange had actually been made. When exchanged for definitive Debentures such interim Debentures shall forthwith be cancelled by the Indenture Trustee. Any interest paid upon interim Debentures shall be noted thereon by the paying agent at the time of payment unless paid by cheque to the Holder thereof.

Appears in 1 contract

Sources: Trust Indenture (MDC Partners Inc)

Interim Debentures. (a) Pending the preparation and delivery to the Indenture Trustee of definitive Debentures, the Corporation may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form and in such denominations and with such appropriate insertions, omissions, substitutions and variations as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereof, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations when the same are prepared and ready for delivery, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause to be prepared the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) . Any such interim Debentures when duly issued shall, until exchanged for definitive Debentures, entitle the holders thereof to rank for all purposes as Debentureholders and otherwise in respect of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for definitive Debentures such interim Debentures shall forthwith be cancelled by the Indenture Trustee.

Appears in 1 contract

Sources: Trust Indenture

Interim Debentures. (a) Pending the preparation and delivery of definitive Debentures of any series to the Indenture Trustee of definitive DebenturesTrustee, the Corporation may execute issue and the Trustee shall certify in lieu thereof (but subject to the same provisionsinterim Debentures, conditions and limitations as herein set forth)with or without coupons, and the Indenture Trustee may certify, interim printed, mimeographed or typewritten Debentures in such form forms and in such denominations and with signed in such appropriate insertions, omissions, substitutions and variations manner as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereofapprove, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders Holders thereof to definitive Debentures of the said series and any coupons relating thereto in any authorized denominations when the same are prepared and ready for delivery; provided, without expense to the holdershowever, but that the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures of such series authorized to be for issue. When so issued hereunder. Forthwith after the issuance of any and certified, such interim Debentures the Corporation shall cause shall, for all purposes, be deemed to be prepared Debentures and, pending the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged exchange thereof for definitive Debentures, entitle the holders thereof Holders of the said interim Debentures shall be deemed to rank for all purposes as be Debentureholders and otherwise in respect entitled to the benefit of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for Forthwith after the Corporation shall have executed and delivered the definitive Debentures to the Trustee, the Trustee shall at the Corporation's expense, call in for exchange all interim Debentures that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons (if any) pertaining thereto. No charge shall be made by the Corporation or the Trustee to the Holders of such interim Debentures for such exchange thereof. All interest paid upon interim Debentures without coupons shall forthwith be cancelled noted thereon by the Indenture TrusteePaying Agent as a condition precedent to such payment unless paid by cheque to the registered Holders thereof.

Appears in 1 contract

Sources: Trust Indenture (Finova Group Inc)

Interim Debentures. (a) Pending the preparation and delivery to the Indenture Trustee of definitive Debentures, the Corporation may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), and the Indenture Trustee may shall certify, interim printed, mimeographed or typewritten Debentures in such form and in such denominations and with such appropriate insertions, omissions, substitutions and variations as the Indenture Trustee and the Corporation may approve (such approval to be conclusively evidenced by the certification of such Debentures by or on behalf of the Indenture Trustee and the signature thereof, either manual or in facsimile, by any trustee or officer of the Corporation) entitling the holders thereof to definitive Debentures in any authorized denominations when the same are prepared and ready for delivery, without expense to the holders, but the total amount of interim Debentures shall not exceed the aggregate principal amount of Debentures authorized to be issued hereunder. Forthwith after the issuance of any such interim Debentures the Corporation shall cause to be prepared the appropriate definitive Debentures for delivery to the holders of such interim Debentures. (b) Any such interim Debentures when duly issued shall, until exchanged for definitive Debentures, entitle the holders thereof to rank for all purposes as Debentureholders and otherwise in respect of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. When exchanged for definitive Debentures such interim Debentures shall forthwith be cancelled by the Indenture Trustee.

Appears in 1 contract

Sources: Trust Indenture