Common use of Interim Debt Securities Clause in Contracts

Interim Debt Securities. Pending the delivery of definitive Debt Securities of any series to the Trustee, the Corporation may issue and the Trustee certify in lieu thereof interim Debt Securities, 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 Debt Securities of the said series when the same are ready for delivery, or the Corporation may execute and the Trustee certify an interim Debt Security for the whole principal amount of Debt Securities 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 are ready for delivery, certify definitive Debt Securities in such form and in such amounts, not exceeding in the aggregate the principal amount of the interim Debt Security so delivered to it, as the Corporation and the Trustee may approve. When so issued and certified, such interim Debt Securities shall, for all purposes but without duplication, rank in respect of this Indenture equally with Debt Securities duly issued hereunder and, pending the exchange thereof for definitive Debt Securities, the holders of the said interim Debt Securities shall be deemed without duplication to be Debt Security holders and 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. Forthwith after the Corporation shall have delivered the definitive Debt Securities to the Trustee, the Trustee shall cancel such interim Debt Securities, if any, and shall call in for exchange all interim Debt Securities 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 or any transfer agent to the holders of such interim Debt Securities for the exchange thereof. All interest paid upon interim Debt Securities without coupons shall be noted on the definitive Debt Securities as a condition precedent to delivery of definitive Debt Securities unless paid by cheque to the registered holders thereof.

Interim Debt Securities. Pending the delivery of definitive Debt Securities of any series to the Indenture Trustee, the Corporation Baytex may issue and the Indenture Trustee certify in lieu thereof (but subject to the same provisions, conditions and limitations as set forth in this Indenture) interim printed, mimeographed or typewriter Debt Securities, with or without coupons, Securities in such forms and in such denominations and signed in such manner as provided herein, entitling the holders thereof to definitive Debt Securities of the said series when the same are ready for delivery, ; or the Corporation Baytex may execute and the Indenture Trustee certify an interim a temporary Debt Security for the whole principal amount of Debt Securities of the said series then authorized to be issued hereunder and deliver the same to the Indenture Trustee and thereupon the Indenture Trustee shall, when the same are ready for delivery, certify definitive Debt Securities may issue its own interim certificates in such form and in such amounts, not exceeding in the aggregate the principal amount of the interim temporary Debt Security so delivered to it, as the Corporation Baytex, and the Indenture Trustee may approve. When approve entitling the holders thereof to definitive Debt Securities of the series when the same are ready for delivery; and, when so issued and certified, such interim or temporary Debt Securities or interim certificates shall, for all purposes but without duplication, rank in respect of this Indenture equally with Debt Securities duly issued hereunder and, pending the exchange thereof for definitive Debt Securities, the holders of the said interim or temporary Debt Securities or interim certificates shall be deemed without duplication to be Debt Security holders Debtholders and 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. Forthwith after the Corporation Baytex shall have delivered the definitive Debt Securities to the Indenture Trustee, the Indenture Trustee shall cancel such interim temporary Debt Securities, if any, and shall call in for exchange all interim Debt Securities or certificates that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons, if any, appertaining theretosame. No charge shall be made by the Corporation Baytex or the Indenture Trustee or any transfer agent to the holders of such interim or temporary Debt Securities or interim certificates for the exchange thereof. All interest paid upon interim or temporary Debt Securities without coupons or interim certificates shall be noted on the definitive Debt Securities thereon as a condition precedent to delivery of definitive Debt Securities such payment unless paid by cheque to the registered holders thereof.

Interim Debt Securities. Pending the delivery of definitive Debt Securities of any series to the Indenture Trustee, the Corporation Trust may issue and the Indenture Trustee certify in lieu thereof (but subject to the same provisions, conditions and limitations as set forth in this Indenture) interim printed, mimeographed or typewriter Debt Securities, with or without coupons, Securities in such forms and in such denominations and signed in such manner as provided herein, entitling the holders thereof to definitive Debt Securities of the said series when the same are ready for delivery, ; or the Corporation Trust may execute and the Indenture Trustee certify an interim a temporary Debt Security for the whole principal amount of Debt Securities of the said series then authorized to be issued hereunder and deliver the same to the Indenture Trustee and thereupon the Indenture Trustee shall, when the same are ready for delivery, certify definitive Debt Securities may issue its own interim certificates in such form and in such amounts, not exceeding in the aggregate the principal amount of the interim temporary Debt Security so delivered to it, as Baytex, on behalf of the Corporation Trust, and the Indenture Trustee may approve. When approve entitling the holders thereof to definitive Debt Securities of the series when the same are ready for delivery; and, when so issued and certified, such interim or temporary Debt Securities or interim certificates shall, for all purposes but without duplication, rank in respect of this Indenture equally with Debt Securities duly issued hereunder and, pending the exchange thereof for definitive Debt Securities, the holders of the said interim or temporary Debt Securities or interim certificates shall be deemed without duplication to be Debt Security holders Debtholders and 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. Forthwith after the Corporation Trust shall have delivered the definitive Debt Securities to the Indenture Trustee, the Indenture Trustee shall cancel such interim temporary Debt Securities, if any, and shall call in for exchange all interim Debt Securities or certificates that shall have been issued and forthwith after such exchange shall cancel the same together with all unmatured coupons, if any, appertaining theretosame. No charge shall be made by the Corporation Trust or the Indenture Trustee or any transfer agent to the holders of such interim or temporary Debt Securities or interim certificates for the exchange thereof. All interest paid upon interim or temporary Debt Securities without coupons or interim certificates shall be noted on the definitive Debt Securities thereon as a condition precedent to delivery of definitive Debt Securities such payment unless paid by cheque to the registered holders thereof.

Interim Debt Securities. Pending the delivery of definitive Debt Securities of any series to the Trustee, the Corporation may issue and the Trustee certify in lieu thereof interim Debt Securities, 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 Debt Securities of the said series when the same are ready for delivery, or the Corporation may execute and the Trustee certify an interim Debt Security for the whole principal amount of Debt Securities 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 are ready for delivery, certify definitive Debt Securities in such form and in such amounts, not exceeding in the aggregate the principal amount of the interim Debt Security so delivered to it, as the Corporation and the Trustee may approve. When so issued and certified, such interim Debt Securities shall, for all purposes but without duplication, rank in respect of this Indenture equally with Debt Securities duly issued hereunder and, pending the exchange thereof for definitive Debt Securities, the holders of the said interim Debt Securities shall be deemed without duplication to be Debt Security holders and 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. Forthwith after the Corporation shall have delivered the definitive Debt Securities to the Trustee, the Trustee shall cancel such interim Debt Securities, if any, and shall call in for exchange all interim Debt Securities 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 or any transfer agent to the holders of such interim Debt Securities for the exchange thereof. All interest paid upon interim Debt Securities without coupons shall be noted on the definitive Debt Securities as a condition precedent to delivery of definitive Debt Securities unless paid by cheque to the registered holders thereof.