Refunding of Secured Notes Sample Clauses

Refunding of Secured Notes. Upon compliance with the terms and conditions of this Section 15, including, without limitation, the satisfaction of the conditions set forth in Section 15.2 and in Section 3.05 of the Indenture, the Lessee shall have the right, at its option and expense, on two occasions during the Lease Term to cause the Grantor Trustee to refund or refinance the Secured Notes and/or any Additional Notes then Outstanding (the "Refunded Secured Notes") through the issuance and sale in the public or private market of one or more additional series of Secured Notes (the "Refunding Secured Notes"), in an aggregate principal amount which shall be equal to the unpaid principal amount of the Refunded Secured Notes plus any accrued and unpaid interest on the Refunded Secured Notes not paid by Lessee as contemplated in clause (d) of this Section 15.1, the proceeds of such issuance and sale to be applied to prepay or redeem the principal amount of such Refunded Secured Notes and subject to the following conditions: 83
Sample 1
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Refunding of Secured Notes. Upon compliance with the terms -------------------------- and conditions of this Section 15, including, without limitation, the satisfaction of the conditions set forth in Section 15.2 and, in the case of a refunding or refinancing of less than all series of Secured Notes Outstanding, in Section 3.05(b) of the Indenture, the Lessee shall have the right on not more than three (3) occasions to cause the Owner Trustee and the Indenture Trustee to, and the Owner Trustee and the Indenture Trustee shall, take such steps as may be necessary to refund or refinance all or all of any series of the Secured Notes then Outstanding (the "Refunded Secured Notes") through the issuance and ---------------------- sale in the public or private market of secured notes or, in the case of a refunding or refinancing of less than all series of Secured Notes Outstanding, one or more additional series of Secured Notes (in either such case, the "Refunding Secured Notes"), in an aggregate principal amount which shall be ------------------------ equal to the unpaid principal amount of the Refunded Secured Notes, plus any accrued and unpaid interest on the Refunded Secured Notes not paid by the Lessee as contemplated in clause (e) of this Section 15.1, plus the amount of any costs to be paid from the proceeds of such Refunding Secured Notes as permitted by subsection (a) of this Section 15.1, provided that the proceeds of such -------- issuance and sale shall be applied to the extent necessary to prepay or redeem the principal amount of such Refunded Secured Notes and such refunding or refinancing shall be subject to the following conditions:
Sample 1

Related to Refunding of Secured Notes

  • Pricing of Securities A. For each valuation date, USBFS shall obtain prices from a pricing source recommended by USBFS and approved by the Board of Trustees and apply those prices to the portfolio positions of the Fund. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. If the Trust desires to provide a price that varies from the price provided by the pricing source, the Trust shall promptly notify and supply USBFS with the price of any such security on each valuation date. All pricing changes made by the Trust will be in writing and must specifically identify the securities to be changed by CUSIP, name of security, new price or rate to be applied, and, if applicable, the time period for which the new price(s) is/are effective.

  • Lending of Securities The Custodian may lend the Assets of the Series in accordance with the terms and conditions of one or more separate securities lending agreements, approved by the Fund.

  • Offering of Securities Neither the Company nor any person acting on its behalf has taken any action (including any offering of any securities of the Company under circumstances which would require the integration of such offering with the offering of any of the Preferred Shares under the Securities Act, and the rules and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder), which might subject the offering, issuance or sale of any of the Preferred Shares to Treasury pursuant to this Agreement to the registration requirements of the Securities Act.

  • Rating of Securities The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc. (“S&P”), and Xxxxx’x Investors Service Inc. (“Moody’s”) to provide their respective credit ratings of the Securities.

  • Repayment of Securities Securities of any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at a price equal to the principal amount thereof, together with interest (if any) thereon accrued to the Repayment Date specified in or pursuant to the terms of such Securities. The Company covenants that, with respect to such Securities, on or before the Repayment Date it will deposit with a Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.01 for the Securities of such series and except, if applicable, as provided in Sections 3.12(b), 3.12(d) and 3.12(e)) sufficient to pay the principal (or, if so provided by the terms of the Securities of any series, a percentage of the principal) of and (except if the Repayment Date shall be an Interest Payment Date) accrued interest (if any) on, all the Securities or portions thereof, as the case may be, to be repaid on such date.

  • Payment of Securities 30 SECTION 4.02.

  • Loan of Securities During the term of any securities loan, the Client shall permit the loaned securities to be transferred, pursuant to an SLA, into the name of an Approved Borrower.

  • Release of Securities (a) The Custodian shall release and deliver, or direct its agents or sub-custodian to release and deliver, as the case may be, Securities or Required Documents of the Company held by the Custodian, its agents or its sub-custodian from time to time upon receipt of Proper Instructions (which shall, among other things, specify the Securities or Required Documents to be released, with such delivery and other information as may be necessary to enable the Custodian to perform), which may be standing instructions (in form acceptable to the Custodian), in the following cases:

  • Acceleration of Payment of Securities If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

  • Acceleration of Securities If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration.

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