Sinking fund requirements Clause Samples
A sinking fund requirement is a contractual provision that obligates a borrower, typically an issuer of bonds, to set aside funds periodically to repay or retire a portion of the debt before maturity. In practice, this means the issuer must make regular payments into a dedicated account, which are then used to buy back or redeem bonds according to a predetermined schedule. This clause helps ensure that the issuer gradually reduces its outstanding debt, thereby lowering default risk and providing bondholders with greater security regarding repayment.
Sinking fund requirements. N/A Conversion or exchange provisions: The Notes will be convertible into fully paid, non-assessable shares of Common Stock of the Company, on the terms, and subject to the conditions, set forth in the Subordinated Indenture, as supplemented by the First Supplemental Indenture thereto to be entered into by the Company and the Subordinated Trustee. Security provisions: N/A Listing requirements: N/A Black-out provisions: Applicable for a period of 90 days from the date hereof Lock-up provisions: 90 days for the stockholders, directors and executive officers of Jabil set forth on Schedule A hereto Fixed or Variable Price Offering: Fixed Price Offering If Fixed Price Offering, initial public offering price per Offered Security: 100% of the principal amount thereof, plus accrued interest, if any, from May 2, 2001. Purchase price per Offered Security: 97.75% of principal amount thereof, plus accrued interest, if any, from May 2, 2001. Form: The Offered Securities shall be issued in the form of book-entry securities registered in the name of Cede & Co., the nominee of The Depository Trust Company. Other terms and conditions: The underwriter agrees to reimburse the Company for certain of its expenses in connection with the offering to which this Agreement relates. Closing date and location: May 2, 2001, New York, New York All the provisions contained in "Jabil Circuit, Inc.--Underwriting Agreement Basic Terms" (the "Basic Terms"), filed as an exhibit to the Registration Statement relating to the Offered Securities and attached hereto as Annex A, are herein incorporated by reference in their entirety and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. Terms defined in such document are used herein as therein defined.
Sinking fund requirements. [The Notes will not have the benefit of, or be subject to, any sinking fund.] Defeasance provisions: The Notes are subject to defeasance and covenant defeasance as provided in Article 8 of the Indenture.
Sinking fund requirements. The Underwritten Securities will not be entitled to the benefit of a sinking fund. Initial public offering price: 99.631% (which equals $1,245,387,500), in the case of the 10-Year Notes, and 99.281% (which equals $1,141,731,500), in the case of the 30-Year Notes, plus, in each case, accrued interest, if any, from November 26, 2003. Purchase price: 98.981% (which equals $1,237,262,500), in the case of the 10-Year Notes, and 98.406% (which equals, $1,131,669,000), in the case of the 30-Year Notes, plus, in each case, accrued interest, if any, from November 26, 2003 (payable in same-day funds). Form: Global Notes through the facilities of The Depository Trust Company Closing Date and Location: November 26, 2003, 9:00 a.m., New York City time Shearman & Sterling 599 Lexington Avenue New York, New ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇nnex A hereto entitled "Schering-Plough Corporation-Debt Securities - Underwriting Agreement Basic Provisions" (the "Basic Provisions") are hereby incorporated by reference in their entirety herein and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. Terms defined in the Basic Provisions are used herein as therein defined. Please accept this offer by signing a copy of this Terms Agreement in the space set forth below and returning the signed copy to us. Very truly yours, Merrill Lynch, Pierce, Fenner & Smith ▇▇▇▇▇▇ora▇▇▇ Citigroup Global Markets Inc. Banc of America Securities LLC Credit Suisse First Boston LLC BNP Paribas Securities Corp. BNY Capital Markets, Inc. ING Financial Markets LLC Mellon Financial Markets, LLC The Williams Capital Group, L.P. By: MERRILL LYNCH, PIERCE, FENNER & SMITH ▇NC▇▇▇▇▇▇TED By: /s/ Richard Luciano ------------------------------------- Title: On behalf of themselves and the other Underwriters named above Accepted: SCHERING-PLOUGH CORPORATION By: /s/ E. Kevin Moore ---------------------------- Title: Vice Presid▇▇▇ ▇▇▇ Treasurer ANNEX A SCHERING-PLOUGH CORPORATION (A NEW JERSEY CORPORATION) DEBT SECURITIES - UNDERWRITING AGREEMENT BASIC PROVISIONS Schering-Plough Corporation (the "Company") proposes to issue and sell up to $2,400,000,000 aggregate initial public offering price of its debt securities (the "Securities"), from time to time on terms to be determined at the time of sale. The Securities will be issued under an indenture dated as of November 26, 2003 (the "Base Indenture") and a...
Sinking fund requirements. The Initial Underwritten Securities will not have the benefit of, or be subject to, any sinking fund.