Common use of Satisfaction of Sinking Fund Payments with Debt Securities Clause in Contracts

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 10 contracts

Samples: Indenture (WPSR Capital Trust I), Indenture (Exelon Corp), Indenture (Arvin Capital I)

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Satisfaction of Sinking Fund Payments with Debt Securities. The Company (ia) may deliver to the Trustee Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) of a series or Tranche in respect of which a mandatory sinking fund payment is to be made and (iib) may apply as a credit Debt Securities of a such series that or Tranche which have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any such mandatory sinking fund payment; provided, however, that no Debt Securities shall be applied in satisfaction of a mandatory sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of if such Debt Securities as provided for by the terms of such series, provided that such Debt Securities shall have not been previously so creditedapplied. Such Debt Securities so applied shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Appears in 8 contracts

Samples: Indenture (North Carolina Natural Gas Corp), Indenture (Cp&l Energy Inc), Indenture (Carolina Power & Light Co)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) Partnership or a Subsidiary Guarantor may deliver Outstanding outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company Partnership pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such series of Debt Securities as provided for by the terms of such series, Securities; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 5 contracts

Samples: Indenture (Energy Transfer LP), Indenture (Energy Transfer LP), Indenture (Energy Transfer Partners, L.P.)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i1) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) ), and (ii2) may apply as a credit Debt Securities of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series; provided, provided however, that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in for such Debt Securities for redemption through operation of at the sinking fund principal amount thereof and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 5 contracts

Samples: Indenture (American Financial Group Inc), Indenture (Chiquita Brands International Inc), Indenture (American Annuity Group Inc)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, provided PROVIDED that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 4 contracts

Samples: Indenture (Mediaone Finance Trust Ii), Indenture (Telephone & Data Systems Inc), Indenture Agreement (Telephone & Data Systems Inc)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company Company (i1) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) ), and (ii2) may apply as a credit Debt Securities of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series; provided, provided however, that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in for such Debt Securities for redemption through operation of at the sinking fund principal amount thereof and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 4 contracts

Samples: Indenture (American Financial Group Inc), Indenture (Chiquita Brands International Inc), Indenture (Provident Capital Trust Iv)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i1) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii2) may apply as a credit Debt Securities of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, ; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 3 contracts

Samples: Indenture (Loews Corp), Indenture (Countrywide Home Loans Inc), Indenture (Countrywide Home Loans Inc)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (ia) may deliver to the Trustee Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) of a series or Tranche in respect of which a mandatory sinking fund payment is to be made and (iib) may apply as a credit Debt Securities of a such series or Tranche that have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any such mandatory sinking fund payment; provided, however, that no Debt Securities shall be applied in satisfaction of a mandatory sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of if such Debt Securities as provided for by the terms of such series, provided that such Debt Securities shall have not been previously so creditedapplied. Such Debt Securities so applied shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Appears in 2 contracts

Samples: Indenture (For Subordinated Debt Securities) (Florida Power Corp /), Indenture (Progress Energy Inc)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) may deliver Outstanding outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 2 contracts

Samples: Indenture (Noram Financing Ii), Indenture (Noram Energy Corp)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as series, (i1) may deliver Outstanding Debt Securities of a such series (other than any Debt Securities previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (ii2) may apply as a credit Debt Securities of a such series that which have been redeemed either wither at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments payment pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, provided Debt Securities; PROVIDED that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Appears in 2 contracts

Samples: Indenture (Bre Properties Inc /Md/), Indenture (Bre Properties Inc /Md/)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) Issuer or the Guarantors may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case case, in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities to, and as provided for by the terms of such seriesby, their terms; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Indenture (Nortel Networks LTD)

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Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) Issuer may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case case, in satisfaction of all or any part of any sinking fund payment with respect to the such Debt Securities of such series required to be made pursuant to the terms of such Debt Securities to, and as provided for by the terms of such seriesby, their terms; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Senior Indenture (Nortel Networks Corp)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i1) may deliver Outstanding outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii2) may apply as a credit Debt Securities of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series; provided, provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Indenture (Tandy Corp /De/)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (i) Issuer or the Guarantor may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case case, in satisfaction of all or any part of any sinking fund payment with respect to the such Debt Securities of such series required to be made pursuant to the terms of such Debt Securities to, and as provided for by the terms of such seriesby, their terms; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Senior Indenture (Nortel Networks Corp)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company Issuer (i) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series, provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Indenture (Consumers Energy Co)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company (ia) may deliver to the Trustee Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) of a series or Tranche in respect of which a mandatory sinking fund payment is to be made and (iib) may apply as a credit Debt Securities of a such series or Tranche that have been purchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any such mandatory sinking fund payment; provided, however, that no Debt Securities shall be applied in satisfaction of a mandatory sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of if such Debt Securities as provided for by the terms of such series, provided that such Debt Securities shall have not been previously so creditedapplied. Such Debt Securities so applied shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Indenture (Pebblebrook Hotel Trust)

Satisfaction of Sinking Fund Payments with Debt Securities. The Company applicable Issuer or the Guarantor (iin the case of Guaranteed Debt Securities) may deliver Outstanding Debt Securities of a series (other than any Debt Securities previously called for redemption) and (ii) may apply as a credit Debt Securities of a series that have been redeemed either at the election of the Company such Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case case, in satisfaction of all or any part of any sinking fund payment with respect to the such Debt Securities of such series required to be made pursuant to the terms of such Debt Securities to, and as provided for by the terms of such seriesby, their terms; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Appears in 1 contract

Samples: Indenture (Nortel Networks Capital Corp)

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