Issuance of First Mortgage Bonds Sample Clauses

Issuance of First Mortgage Bonds. In the case of CL&P and WMECO only, issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Issuance of First Mortgage Bonds. Issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date.
Sample 1Sample 2
Issuance of First Mortgage Bonds. In the case of Principal Subsidiaries only, issue any First Mortgage Bonds on or after the Closing Date, whether in addition to First Mortgage Bonds outstanding on the Closing Date or in replacement of First Mortgage Bonds redeemed, retired, defeased, repaid or prepaid on or after the Closing Date; provided, that (i) Yankee Gas Services Company may issue First Mortgage Bonds, the proceeds of which are used to refinance not more than $200,000,000 of Debt incurred by NU in connection with the acquisition by NU of Yankee Energy System Inc., and (ii) Northeast Generation Company may issue First Mortgage Bonds for the purpose of refinancing up to $416,000,000 of its secured Debt outstanding on the Closing Date, to the extent that the principal amount of any such First Mortgage Bonds is less than or equal to the principal amount of the Debt so refinanced plus up to six months of accrued interest on such Debt, determined at the time of the refinancing; provided, that in no event shall the amount of First Mortgage Bonds issued by Northeast Generation Company exceed $440,000,000.
Sample 1Sample 2
Issuance of First Mortgage Bonds. (i) All First Mortgage Approvals shall have been obtained and shall be in full force and effect; (ii) the Supplemental Indentures shall have been validly authorized, executed and delivered and the First Mortgage Bonds comprising (x) an aggregate principal amount of $280 million in the case of the Montana First Mortgage Bonds, and (y) an aggregate principal amount of $110 million in the case of the South Dakota First Mortgage Bonds (or, if the aggregate principal amount of the Loans is less than $390,000,000, the respective pro rata portions thereof), shall have been validly authorized, executed and authenticated and validly issued and delivered to the Collateral Agent (and copies thereof shall have been delivered to each Lender); and (iii) the Administrative Agent and each Lender shall have received (I) copies of all opinions, certificates, orders, consents and other documents that are delivered to the trustees under the Indentures as conditions precedent to (or otherwise in connection with) the issuance of the First Mortgage Bonds under the Indentures (together with, in the case of each such opinion that is not addressed to the Collateral Agent, a letter from the counsel rendering such opinion to the effect that the Collateral Agent is entitled to rely on such opinion as if such opinion were addressed to the Collateral Agent), (II) copies of all First Mortgage Approvals and (III) such other opinions, certificates and documents reasonably related to the First Mortgage Bonds, the Indentures (including the Supplemental Indentures) and the liens and security interests of the Indentures as the Administrative Agent shall have reasonably requested, and all of the foregoing documents (including without limitation the First Mortgage Approvals, the Supplemental Indentures and the First Mortgage Bonds) shall be in form and substance reasonably satisfactory to the Administrative Agent (and consistent with the Syndication Letter).
Sample 1
Issuance of First Mortgage Bonds. (i) All First Mortgage Approvals shall have been obtained and shall be in full force and effect; (ii) the Supplemental Indentures shall have been validly authorized, executed and delivered and the First Mortgage Bonds comprising (x) with respect to the Revolving Credit Facility, $90 million principal amount of the First Mortgage Bonds, Collateral (2004) Series A, due 2009 issued under the Montana First Mortgage Indenture and $35 million principal amount of the New Mortgage Bonds, Collateral (2004) Series A, due 2009 issued under the South Dakota First Mortgage Indenture (such First Mortgage Bonds, collectively, the “Revolving Credit First Mortgage Bonds”), and (y) with respect to the Term Loan Facility, $72 million principal amount of the First Mortgage Bonds, Collateral (2004) Series B, due 2011 issued under the South Dakota Mortgage Indenture and $28 million principal amount of the New Mortgage Bonds, Collateral (2004) Series B, due 2011 issued under the South Dakota First Mortgage Indenture (such First Mortgage Bonds, collectively, the “Term Loan First Mortgage Bonds”), shall have been validly authorized, executed and authenticated and validly issued and delivered to the Collateral Agent; and (iii) the Administrative Agent shall have received (I) copies of all opinions, certificates, orders, consents and other documents that are delivered to the trustees under the Indentures as conditions precedent to (or otherwise in connection with) the issuance of the First Mortgage Bonds under the Indentures (together with, in the case of each such opinion that is not addressed to the Collateral Agent, a letter from the counsel rendering such opinion to the effect that the Collateral Agent is entitled to rely on such opinion as if such opinion were addressed to the Collateral Agent), (II) copies of all First Mortgage Approvals and (III) such other opinions, certificates and documents reasonably related to the First Mortgage Bonds, the Indentures (including the Supplemental Indentures) and the Liens and security interests of the Indentures as the Arrangers shall have reasonably requested, and all of the foregoing documents (including without limitation the First Mortgage Approvals, the Supplemental Indentures and the First Mortgage Bonds) shall be in form and substance reasonably satisfactory to the Arrangers.
Sample 1

Related to Issuance of First Mortgage Bonds

  • DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.

  • Issuance of the Bonds The Authority shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.

  • Benefits of First Supplemental Indenture Nothing in this First Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto, any benefit or any legal or equitable right, remedy or claim under this First Supplemental Indenture.

  • Issuance of Bonds The Authority has concurrently with the execution and delivery hereof sold and delivered the Bonds under and pursuant to a resolution adopted by the Authority on June 18, 2003, authorizing their issuance under and pursuant to the Indenture. The proceeds of sale of the Bonds shall be applied as provided in Articles IV and V of the Indenture.

  • Replacement of Notes Upon receipt by the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Trust Issuance of Series Shares The delivery of Series shares shall be made promptly by a credit to a shareholder's open account for the Series or by delivery of a share certificate. The Trust reserves the right (a) to issue Series shares at any time directly to the shareholders of the Series as a stock dividend or stock split, (b) to issue to such shareholders shares of the Series, or rights to subscribe to shares of the Series, as all or part of any dividend that may be distributed to shareholders of the Series or as all or part of any optional or alternative dividend that may be distributed to shareholders of the Series, and (c) to sell Series shares in accordance with the current applicable prospectus of the Trust relating to the Series shares.

  • Conveyance of Mortgage Loans Original Issuance of Certificates Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms)

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Amendment of Notes Subject to Section 3 hereof, any of the terms or provisions present in the Notes that relate to any of the provisions of the Indenture as amended by this Supplemental Indenture shall also be amended, mutatis mutandis, so as to be consistent with the amendments made by this Supplemental Indenture.

Time is Money Join Law Insider Premium to draft better contracts faster.