Common use of Outstanding Debentures Clause in Contracts

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 2 contracts

Samples: Indenture (Standard Motor Products Inc), Indenture (Standard Motor Products Inc)

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Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 2.9 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 2.7 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 4.1 hereof, it ceases to be outstanding and interest (including Liquidated Damages, if any) on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the maturity datea Redemption Date or Maturity, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interestinterest (including Liquidated Damages, if any).

Appears in 1 contract

Samples: Indenture (R&b Falcon Corp)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company Issuers or an Affiliate of the Company Issuers holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the CompanyIssuers, a Subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Grove Investors Capital Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company Issuers or an Affiliate of the Company Issuers holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrete or accrue. If the Paying Agent (other than the CompanyIssuers, a Subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrete or accrue interest.

Appears in 1 contract

Samples: Indenture (Falcon Funding Corp)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture Security effected by the Trustee in accordance with the provisions hereofhereunder, and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.09 2.9 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 2.7 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 4.1 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of any thereof) holdssegregates and holds interest, in accordance with this Indenture, on the a redemption date or maturity date, date money sufficient to pay Debentures payable on that date, and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Diagnostic Retrieval Systems Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures that have been authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, cancellation and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.09 hereof, a A Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture, except as provided in Section 2.9 hereof. If a Debenture is replaced pursuant to Section 2.07 hereof2.7 hereof (other than a mutilated Debenture surrendered for replacement), it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any A mutilated Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases upon surrender of such Debexxxxx xxx replacement thereof pursuant to accrueSection 2.7 hereof. If on a Redemption Date or the Maturity Date the Paying Agent (other than the Company, a Subsidiary Company or an Affiliate of any thereofthe Company) holds, on the maturity date, money holds U.S. Legal Tender or U.S. Government Obligations sufficient to pay all of the principal of, premium, if any, and interest due on the Debentures payable on that date, then on and after that date such Debentures shall be deemed cease to be no longer outstanding and shall cease interest on them ceases to accrue interestaccrue.

Appears in 1 contract

Samples: Indenture (Healthcare Realty Trust Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company Holding or an Affiliate of the Company Holding holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the CompanyHolding, a Subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Aki Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a the Global Debenture Security effected by the Trustee in accordance with the provisions hereof, hereunder and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.09 hereof2.9, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof2.7, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof4.1, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a any Subsidiary or an Affiliate of any thereof) holdssegregates and holds in trust, in accordance with this Indenture, on the a redemption date or maturity date, date money sufficient to redeem or pay Debentures payable on that date, and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that such redemption date or maturity date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Lomak Petroleum Inc)

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Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If a Debenture is converted pursuant to Article 11 hereof, such Debenture shall cease to be outstanding and interest thereon (including Contingent Interest and Additional Amounts, if any) shall cease to accrue. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Grey Global Group Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures that have been authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, cancellation and those described in this Section 2.8 as not outstanding. Except as set forth in Section 2.09 hereof, a A Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture, except as provided in Section 2.9 hereof. If a Debenture is replaced pursuant to Section 2.07 hereof2.7 hereof (other than a mutilated Debenture surrendered for replacement), it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide BONA FIDE purchaser. If the principal amount of any A mutilated Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding upon surrender of such Xxxxxxxxx and interest on it ceases replacement thereof pursuant to accrueSection 2.7 hereof. If on a Redemption Date or the Maturity Date the Paying Agent (other than the Company, a Subsidiary Company or an Affiliate of any thereofthe Company) holds, on the maturity date, money holds U.S. Legal Tender or U.S. Government Obligations sufficient to pay all of the principal of, premium, if any, and interest due on the Debentures payable on that date, then on and after that date such Debentures shall be deemed cease to be no longer outstanding and interest on such Debentures shall cease to accrue interestaccrue. Any obligations pursuant to such Debentures shall be satisfied pursuant to Section 8.1 hereof.

Appears in 1 contract

Samples: Indenture (Mercury Air Group Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest and Additional Interest, if any, on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay the principal amount of any Debentures due and payable on that date, then on and after that date such Debentures shall be deemed to be no longer outstanding and shall cease to accrue interestinterest and Additional Interest.

Appears in 1 contract

Samples: Indenture (Auto Marketing Network Inc)

Outstanding Debentures. The Debentures outstanding at any time are all the Debentures authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Debenture effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Debenture does not cease to be outstanding because the Company or an Affiliate of the Company holds the Debenture. If a Debenture is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless and until the Trustee receives proof satisfactory to it that the replaced Debenture is held by a bona fide protected purchaser. If the principal amount of any Debenture is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the a redemption date or maturity date, money sufficient to pay Debentures payable on that date, then on and after that date such Debentures shall will be deemed to be no longer outstanding and shall will cease to accrue interest.

Appears in 1 contract

Samples: Indenture (Broadwing Corp)

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