Common use of Issue of Debentures Clause in Contracts

Issue of Debentures. Debentures in such aggregate principal amounts as the Board of Directors shall determine in accordance with the terms hereof and denominated in lawful money of the United States shall be executed by the Issuer from time to time and, forthwith after such execution, shall be delivered to the Trustee and shall be certified by the Trustee and delivered to the Issuer in accordance with the terms of section 2.7. Other than as contemplated by subsection 2.8(b), the Trustee shall receive no consideration for the certification of Debentures.

Appears in 3 contracts

Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can)

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Issue of Debentures. Debentures in such aggregate principal amounts as the Board of Directors shall determine in accordance with the terms hereof and denominated in lawful money of the United States shall be executed by the Issuer Corporation from time to time and, forthwith after such execution, shall be delivered to the Trustee and shall be certified authenticated by the Trustee and delivered to the Issuer Corporation in accordance with the terms of section Section 2.7. Other than as contemplated by subsection 2.8(b)Section 2.13, the Trustee shall receive no consideration for the certification or Authentication of Debentures.

Appears in 2 contracts

Samples: Indenture, Odyssey Trust Company (CLS Holdings USA, Inc.)

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