ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES Sample Clauses

ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. Junior Subordinated Debentures in the aggregate principal amount of $__________ may, upon execution of this Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver the Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chairman, its Vice Chairman, its Chief Executive Officer, its President or any Vice President, without any further action by the Company.
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. Section 7.01 Original Issue of Junior Subordinated Debentures. (a) Junior Subordinated Debentures in the initial aggregate principal amount of $309,300,000 may be executed by the Company and delivered to the Trustee for authentication by it, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chairman of the Board, any Vice Chairman of the Board, the Chief Executive Officer, the President, any Vice Chairman or any Vice President (whether or not designated by a number or word or words added before or after the title Vice President) and by its Treasurer, an Assistant Treasurer, the Controller, its Secretary or an Assistant Secretary, without any further corporate action by the Company as follows: (i) $309,300,000 initial aggregate principal amount of Private Debentures to be originally issued on the Closing Date (as defined in the Purchase Agreement) and (ii) subject to the issuance of additional Junior Subordinated Debentures as described in the next sentence, $309,300,000 aggregate principal amount of Exchange Debentures to be issued upon surrender of and in exchange for the Private Debentures pursuant to Section 8.01. Additional Junior Subordinated Debentures without limitation as to amount, and without the consent of the holders of the then Outstanding Junior Subordinated Debentures, may also be authenticated and delivered in the manner provided in Section 2.01 of the Base Indenture. Any such additional Junior Subordinated Debentures may be authenticated and delivered before or after the Exchange Offer and will have the same Stated Maturity and other terms as those initially issued.
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. Junior Subordinated Debentures in the aggregate principal amount of $10,309,280 may, upon execution of this Indenture, be executed by the Company and delivered to the Trustee for authentication. If the Underwriter exercises its Option and there is an Option Closing Date (as such terms are defined in the Trust Agreement), then, on such Option Closing Date, Junior Subordinated Debentures in the aggregate principal amount of up to $1,546,392 may be executed by the Company and delivered to the Trustee for authentication. In either such event, the Trustee shall thereupon authenticate and deliver the Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chairman, its Vice Chairman, its Chief Executive Officer, its President or any Vice President, without any further action by the Company.
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. (a) Junior Subordinated Debentures substantially in the form of Exhibit A hereto may, upon execution of this Eighth Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chief Executive Officer, its President, or any Vice President (or more senior officer) and its Treasurer or an Assistant Treasurer, without any further action by the Company.
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. SECTION 7.01. Original Issue of Junior Subordinated Debentures................................19
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. SECTION 7.01. Original Issue of Junior Subordinated Debentures. (a) Junior Subordinated Debentures in the aggregate principal amount of up to $206,200,000 may be executed by the Company and delivered to the Trustee for authentication by it, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chairman of the Board, or its President or any Vice Chairman or any Vice President of the Company (whether or not designated by a number or word or words added before or after the title Vice President) and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary, without any further corporate action by the Company as follows: (i) $206,200,000 aggregate principal amount of Private Debentures to be originally issued on the Closing Date (as defined in the Purchase Agreement) and (ii) $206,200,000 aggregate principal
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. 7.1 Original issue of Junior Subordinated Debentures. Junior Subordinated Debentures in the aggregate principal amount of up to $___________ may be executed by the Company and delivered to the Trustee for authentication by it, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Debentures to or upon the written order of the Company, signed by its Chairman of the Board, any Vice Chairman of the Board, the Chief Executive Officer, the President, or any Vice President (whether or not designated by a number or word or words added before or after the title Vice President) and by its Treasurer, an Assistant Treasurer, the Controller, its Corporate Secretary or an Assistant Corporate Secretary, without any further corporate action by the Company as follows:$___________ aggregate principal amount of Junior Subordinated Debentures to be originally issued on the Closing Date [(as defined in the Underwriting Agreement)].
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ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES. Section 6.1. Junior Subordinated Debentures in the aggregate principal amount equal to the sum of $__________ plus a dollar amount equal to the principal amount of Junior Subordinated Debentures purchased by the Trust with the proceeds received by the Trust from the purchase by Holdings of the Common Securities of the Trust, may, upon execution of this [ ] Supplemental Indenture, be executed by Holdings and delivered to the Trustee for authentication, and the trustee shall thereupon authenticate and deliver said Debentures to or upon the written order of Holdings, signed by its Chairman, any Vice Chairman, its President, or any Vice President and its Treasurer or an Assistant Treasurer, without any further action by Holdings.
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Related to ORIGINAL ISSUE OF JUNIOR SUBORDINATED DEBENTURES

  • ORIGINAL ISSUE OF DEBENTURES Debentures in the aggregate principal amount of $ may, upon execution of this First Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Debentures to or upon the written order of the Company, signed by its Chairman, its Vice Chairman, its President, or any Vice President and its Treasurer or an Assistant Treasurer, without any further action by the Company.

  • Original Issue of Notes The Notes may, upon execution of this Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and deliver such Notes as in such Company Order provided.

  • Senior Subordinated Notes The subordination provisions contained in the Senior Subordinated Notes and in the other Senior Subordinated Note Documents are enforceable against the Borrower and the holders of the Senior Subordinated Notes, and all Obligations are within the definition of "Senior Debt" included in such subordination provisions.

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • Date and Denomination of Notes; Payments of Interest The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

  • Original Issuance of Notes Section 2.01 Form........................................................... Section 2.02 Execution, Authentication and Delivery.........................

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • No Senior Subordinated Debt The Company will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Note Guarantee.

  • Payment of Debentures (a) The Company shall pay the principal of and premium, if any, and interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding) on the Debentures on or prior to the dates and in the manner provided in such Debentures or pursuant to this Junior Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the applicable due date if on such date the Trustee or the Paying Agent holds, in accordance with this Junior Indenture, money sufficient to pay all of such installment then due. With respect to any Debenture, the Company shall pay interest on overdue principal and interest on overdue installments of interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding), to the extent lawful, at the rate per annum borne by such Debenture, compounded quarterly. Interest on overdue interest shall accrue from the date such amounts become overdue.

  • Denomination and Date of Securities; Payments of Interest The Securities of each series shall be issuable as Registered Securities or Unregistered Securities in denominations established as contemplated by Section 2.3 or, with respect to the Registered Securities of any series, if not so established, in denominations of $2,000 and any larger integral multiple of $1,000. If denominations of Unregistered Securities of any series are not so established, such Securities shall be issuable in denominations of $1,000 and $5,000. The Securities of each series shall be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer executing the same may determine with the approval of the Trustee, as evidenced by the execution and authentication thereof. Each Registered Security shall be dated the date of its authentication. Each Unregistered Security shall be dated as provided in the resolution or resolutions of the Board of Directors referred to in Section 2.3. The Securities of each series shall bear interest, if any, from the date, and such interest shall be payable on the dates, established as contemplated by Section 2.3. The person in whose name any Registered Security of any series is registered at the close of business on any record date applicable to a particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or exchange of such Registered Security subsequent to the record date and prior to such interest payment date, except if and to the extent the Issuer shall default in the payment of the interest due on such interest payment date for such series, in which case such defaulted interest shall be paid to the persons in whose names Outstanding Registered Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to the date of payment of such defaulted interest) established by notice given by mail by or on behalf of the Issuer to the Holders of Registered Securities not less than 15 days preceding such subsequent record date. The term “record date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the Registered Securities of such series established as contemplated by Section 2.3, or, if no such date is so established, if such interest payment date is the first day of a calendar month, the fifteenth day of the next preceding calendar month or, if such interest payment date is the fifteenth day of a calendar month, the first day of such calendar month, whether or not such record date is a Business Day.

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