Ownership of Debt Securities Sample Clauses

Ownership of Debt Securities. The Trustee or any Authenticating Agent and any agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Debt Securities with the same rights it would have if it were not Trustee, Authenticating Agent or such agent. 20
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Ownership of Debt Securities. (a) The registered holder for the time being of any registered Debt Security shall be entitled to the principal, Premium, if any, and/or interest evidenced by such instruments, respectively, free from all equities or rights of set-off or counterclaim between Baytex and the original or any intermediate holder thereof (except in respect of equities of which Baytex is required to take notice by law) and all Persons may act accordingly and the receipt of any such registered holder for any such principal, Premium or interest shall be a good discharge to the Indenture Trustee, any registrar and to Baytex for the same and none shall be bound to inquire into the title of any such registered holder. (b) Where Debt Securities are registered in more than one name, the principal, Premium, if any, and interest from time to time payable in respect thereof may be paid to the order of all or any of such holders, failing written instructions from them to the contrary, and the receipt of any one of such holders therefor shall be a valid discharge, to the Indenture Trustee, any registrar and to Baytex. (c) In the case of the death of one or more joint holders of any Debt Security the principal, Premium, if any, and interest from time to time payable thereon may be paid to the order of the survivor or survivors of such registered holders and the receipt of any such survivor or survivors therefor shall be a valid discharge to the Indenture Trustee and any registrar and to Baytex. (d) Unless otherwise required by law, the Person in whose name any registered Debt Security is registered shall for all the purposes of this Indenture be and be deemed to be the owner thereof and payment of or on account of the principal of and Premium, if any, on such Debt Security and interest thereon shall be made only to or upon the order in writing of such registered holder. (e) Notwithstanding any other provision of this Indenture, all payments in respect of Debt Securities represented by a Global Debt Security shall be made to the Depository or its Nominee for subsequent payment by the Depository or its Nominee to holders of beneficial interest in such Global Debt Securities. (f) None of Baytex, the Indenture Trustee and any registrar or paying agent will be bound to take notice of or see to the performance or observance of any duty owed to a third Person, whether under a trust, express, implied, resulting or constructive, in respect of any Debt Security by the registered holder or any Person w...
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Ownership of Debt Securities. 20 Section 7.04. Moneys to be Held in Trust................................ 21 Section 7.05. Compensation and Expenses of Trustee....................
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Ownership of Debt Securities. 34 Section 7.05. MONEYS TO BE HELD IN TRUST....................................34 Section 7.06.
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Ownership of Debt Securities. (i) Each Participating Holder beneficially owns, as of the date hereof, Series 2 Notes and Subordinated Debentures, free and clear of any Lien not previously disclosed to the Company or other option or right to acquire the same, in an aggregate principal amount equal to the amount set forth opposite its name in the table below: Participating Holder Series 2 Notes Subordinated Debentures ------------- -------------- ----------------------- AIF II $31,878,000 $20,250,000 Artemis $20,610,000 $20,250,000 Tortoise $33,374,000 $60,875,000 Mainstay $ 5,217,000 $10,345,000 (ii) Except as set forth in Section 5.1(c)(i) no Participating Holder owns any Debt of the Company. (iii) Without the consent of the Company, each Participating Holder will not, prior to the Exchange, directly or indirectly, convey, sell, transfer, assign or otherwise dispose of any Debt of the Company that it owns unless the transferee thereof agrees to be bound by this Agreement, pursuant to a written agreement reasonably satisfactory to the Company, to the same extent as such Participating Holder.
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Ownership of Debt Securities. As of the date hereof, Brooke owns $13,705,000 of Subordinated Debentures, and no other Affiliate or Associate of either the Company or Brooke owns any Reset Notes or Subordinated Debentures. Concurrently with the consummation of the Exchange Offer, Brooke shall tender such Subordinated Debentures and any other Existing Securities held by such Brooke at such time to the Company for cancellation and the Company shall promptly cancel such Existing Securities.
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Ownership of Debt Securities. The Trustee or any agent of the Corporation or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Debt Securities with the same rights it would have if it were not Trustee, or an agent of the Corporation or of the Trustee.
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Ownership of Debt Securities. (1) The Person in whose name any Debt Security is registered shall for all purposes of this Indenture be and be deemed to be the owner thereof and payment of or on account of the principal of and premium (if any) on such Debt Security and interest thereon shall be made only to or upon the order in writing of such Holder. (2) Neither the Company, the Guarantor, the Trustee nor any registrar shall be bound to take notice of or see to the execution of any trust, whether express, implied or constructive, in respect of any Debt Security and may transfer the same on the direction of the person registered as the Holder thereof, whether named as trustee or otherwise, as though that person were the beneficial owner thereof. (3) The Holder for the time being of any Debt Security shall be entitled to the principal, premium (if any) and/or interest evidenced thereby free from all equities or rights of set-off or counterclaim between the Company or the Guarantor, as the case may be, and the original or any intermediate Holder thereof and all persons may act accordingly and the receipt of any such Holder for any such principal, premium or interest shall be a good discharge to the Company, the Guarantor and the Trustee for the same and neither the Company nor the Guarantor nor the Trustee shall be bound to inquire into the title of any such Holder.
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Ownership of Debt Securities. 20 Section 7.04. Moneys to be Held in Trust................................ 21 Section 7.05. Compensation and Expenses of Trustee...................... 21 Section 7.06. Officers' Certificate as Evidence......................... 21 Section 7.07. Eligibility of Trustee.................................... 21 Section 7.08. Resignation or Removal of Trustee......................... 21 Section 7.09. Acceptance by Successor Trustee........................... 22 Section 7.10. Succession by Merger...................................... 23 Section 7.11. Authenticating Agents..................................... 23
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Related to Ownership of Debt Securities

  • Ownership of Securities The Trustee, any authenticating agent, any paying agent, any Security Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities and coupons with the same rights it would have if it were not Trustee, authenticating agent, paying agent, Security Registrar or such other agent of the Company or of the Trustee.

  • Ownership of Warrants The Corporation and the Warrant Agent may deem and treat the Registered Warrantholders as the absolute owner thereof for all purposes, and the Corporation and the Warrant Agent shall not be affected by any notice or knowledge to the contrary except where the Corporation or the Warrant Agent is required to take notice by statute or by order of a court of competent jurisdiction. The receipt of any such Registered Warrantholder of the Common Shares which may be acquired pursuant thereto shall be a good discharge to the Corporation and the Warrant Agent for the same and neither the Corporation nor the Warrant Agent shall be bound to inquire into the title of any such holder except where the Corporation or the Warrant Agent is required to take notice by statute or by order of a court of competent jurisdiction.

  • Ownership of Interests The Interest Owners are the owners of all of the Interests, each owning the percentage set forth in Item 2(a) of Schedule 1, and have good and valid title thereto, with no restrictions on, or any agreements with respect to, voting rights or any other incidents of ownership thereof, except as set forth in the Company’s Organizational Documents. The Interests represent one hundred percent (100%) of the record and beneficial interests in the Company and all other right, title and interest in and to the equity of the Company. The Interest Owners have the absolute right to sell and transfer all of the Interests to Buyer free and clear of all Interest Liens. Each Interest Owner acquired its Interest in compliance with all applicable laws. On consummation of the Contemplated Transactions, in accordance with the terms hereof, Buyer will acquire good and marketable title to the Interests free and clear of all Interest Liens.

  • Beneficial Ownership of Registrable Securities (a) Type and Number of Registrable Securities beneficially owned:

  • Ownership of Warrant The Company may deem and treat the person in whose name this Warrant is registered as the holder and owner hereof (notwithstanding any notations of ownership or writing hereon made by anyone other than the Company) for all purposes and shall not be affected by any notice to the contrary, until presentation of this Warrant for registration of transfer.

  • Ownership of the Certificates or Notes The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.

  • Ownership of Shares The ownership of Shares shall be recorded on the books of the Trust or a transfer or similar agent for the Trust, which books shall be maintained separately for the Shares of each Series (and class). No certificates evidencing the ownership of Shares shall be issued except as the Board of Trustees may otherwise determine from time to time. The Trustees may make such rules as they consider appropriate for the transfer of Shares of each Series (and class) and similar matters. The record books of the Trust as kept by the Trust or any transfer or similar agent, as the case may be, shall be conclusive as to the identity of the Shareholders of each Series (and class) and as to the number of Shares of each Series (and class) held from time to time by each Shareholder.

  • Ownership of Common Stock None of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates beneficially owns, directly or indirectly (including pursuant to a derivatives contract), any shares of Company Common Stock or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock or any securities of any Subsidiary of the Company, and none of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates has any rights to acquire, directly or indirectly, any shares of Company Common Stock, except pursuant to this Agreement. None of Parent, either Merger Sub or any of their “affiliates” or “associates” is, or at any time during the last three years has been, an “interested stockholder” of the Company, in each case as defined in Section 203 of the DGCL.

  • Ownership of Developments All copyrights, patents, trade secrets, or other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Executive during the course of performing work for the Company or its clients (collectively, the "Work Product") shall belong exclusively to the Company and shall, to the extent possible, be considered a work made by the Executive for hire for the Company within the meaning of Title 17 of the United States Code. To the extent the Work Product may not be considered work made by the Executive for hire for the Company, the Executive agrees to assign, and automatically assign at the time of creation of the Work Product, without any requirement of further consideration, any right, title, or interest the Executive may have in such Work Product. Upon the request of the Company, the Executive shall take such further actions, including execution and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment.

  • Beneficial Ownership of Shares; Certificate Registration The Participant hereby authorizes the Company, in its sole discretion, to deposit for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice any or all shares acquired by the Participant pursuant to the exercise of the Option. Except as provided by the preceding sentence, a certificate for the shares as to which the Option is exercised shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant.

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