Common use of Outstanding Debentures Clause in Contracts

Outstanding Debentures. If the Paying Agent holds, in accordance with this Indenture, on a Redemption Date, or on the Business Day following a Purchase Date or a Change in Control Purchase Date, or at Stated Maturity, money sufficient to pay the Debentures payable on that date, then on and after that date such Debentures shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes) on such Debentures shall cease to accrue and all other rights of the Holder shall terminate (other than the right to receive the applicable Redemption Price, Purchase Price or Change in Control Purchase Price, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided that if the Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Pride International Inc), Pride International Inc

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Outstanding Debentures. If the Paying Agent holds, in accordance with this Indenture, on a Redemption Date, or on the Business Day following a Purchase Date or a Change in Control Purchase Date, or at Stated Maturity, money or, if permitted by the terms hereof including, without limitation, Section 1109, securities sufficient to pay the Debentures payable on that date, then on and after that date such Debentures shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes) ), on such Debentures shall cease to accrue and all other rights of the Holder shall terminate (other than the right to receive the applicable Redemption Price, Purchase Price or Change in Control Purchase Price, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided PROVIDED that if the such Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debenture.. ARTICLE SIX

Appears in 1 contract

Samples: Pride International Inc

Outstanding Debentures. If the Paying Agent holds, in accordance with this Indenture, on a Redemption Date, or on the Business Day following a Purchase Date or a Change in Control Purchase Date, or at Stated Maturity, money or, if permitted by the terms hereof, including, without limitation, Section 1110, securities sufficient to pay the Debentures payable on that date, then on and after that date such Debentures shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes) ), on such Debentures shall cease to accrue and all other rights of the Holder shall terminate (other than the right to receive the applicable Redemption Price, Purchase Price or Change in Control Purchase Price, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided PROVIDED that if the such Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debenture.. ARTICLE SIX

Appears in 1 contract

Samples: Pride International Inc

Outstanding Debentures. Debentures outstanding at any time are all Debentures that have been authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation and those described in this Section 2.10 as not outstanding. If a Debenture is replaced pursuant to Section 2.09, it ceases to be outstanding unless and until the Trustee and the Company receive proof reasonably satisfactory to them that the replaced Debenture is held by a bona fide purchaser. If the Paying Agent holds, in accordance with this Indenture, on a Redemption Date, (other than the Company or an Affiliate of the Company) holds on the Business Day following a Purchase Date maturity date or a Change redemption date money in Control Purchase Date, such coin or currency of the Federal Republic of Germany as at Stated Maturity, money the time of payment shall be legal tender for the payment of public and private debts sufficient to pay all principal, premium, if any, and interest payable on that date with respect to the Debentures (or portions thereof) to be redeemed or payable on that date, then on and after that date such Debentures cease to be outstanding and interest on them shall cease to accrue. authorization, direction, notice, consent or waiver hereunder, Debentures owned by the Company or any other obligor upon the Debentures or any Affiliate of the Company or of such other obligor shall be Outstanding disregarded and Original Issue Discount and interestdeemed not to be outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Debentures which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Debentures so owned which have been pledged in good faith may be regarded as outstanding if any (including, if the pledgee establishes to the satisfaction of the Trustee the pledgee's right so to act with respect to such Debentures have been converted to semiannual coupon notes following and that the occurrence of a Tax Event, interest on such notes) on such pledgee is not the Company or any other obligor upon the Debentures shall cease to accrue and all other rights or any Affiliate of the Holder shall terminate (other than the right to receive the applicable Redemption Price, Purchase Price Company or Change in Control Purchase Price, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided that if the Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debentureother obligor.

Appears in 1 contract

Samples: Viatel Inc

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Outstanding Debentures. Debentures outstanding at any time are all Debentures authenticated and delivered by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding. 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, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Debenture is held by a bona fide purchaser. If the Paying Agent holdssegregates and holds in trust, in accordance with this Indenture, on a Redemption Date, redemption date or on the Business Day following a Purchase Date or a Change in Control Purchase Date, or at Stated Maturity, maturity date money sufficient to pay the Debentures all principal and interest payable on that datedate with respect to the Debentures (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Debentureholders on that date pursuant to the terms of this Indenture, then on and after that date such Debentures shall (or portions thereof) cease to be Outstanding outstanding and Original Issue Discount and interest, if any (including, if such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes) on such Debentures shall cease them ceases to accrue and all other rights of the Holder shall terminate (other than the right to receive the applicable Redemption Priceaccrue; provided, Purchase Price or Change in Control Purchase Pricehowever, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided that if the Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture Indenture, or provision therefor thereof satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debenture.

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

Outstanding Debentures. Debentures outstanding at any time are all Debentures authenticated and delivered by the Trustee except for those canceled by it, those delivered to is for cancellation and those described in this Section as not outstanding. 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, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Debenture is held by a bona fide purchaser. If the Paying Agent holdssegregates and holds in trust, in accordance with this Indenture, on a Redemption Date, redemption date or on the Business Day following a Purchase Date or a Change in Control Purchase Date, or at Stated Maturity, maturity date money sufficient to pay the Debentures all principal and interest payable on that datedate with respect to the Debentures (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Debentureholders on that date pursuant to the terms of this Indenture, then on and after that date such Debentures shall (or portions thereof) cease to be Outstanding outstanding and Original Issue Discount and interest, if any (including, if such Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes) on such Debentures shall cease them ceases to accrue and all other rights of the Holder shall terminate (other than the right to receive the applicable Redemption Price, Purchase Price or Change in Control Purchase Price, as the case may be, upon delivery of the Debenture in accordance with the terms of this Indenture); provided that if the Debentures are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture Indenture, or provision therefor thereof satisfactory to the Trustee has been made. If a Debenture is converted in accordance with Article Fifteen, then from and after the Conversion Date such Debenture shall cease to be Outstanding and Original Issue Discount and interest, if any (including, if the Debentures have been converted to semiannual coupon notes following the occurrence of a Tax Event, interest on such notes), shall cease to accrue on such Debenture.

Appears in 1 contract

Samples: Petroleum Heat & Power Co Inc

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