Terms of Notes Clause Samples
The "Terms of Notes" clause defines the specific conditions and features that apply to promissory notes or debt instruments issued under an agreement. It typically outlines key details such as the principal amount, interest rate, maturity date, payment schedule, and any rights or obligations of the noteholder and issuer. For example, it may specify how and when payments are to be made, what happens in the event of default, and whether the notes are transferable. This clause ensures that all parties have a clear understanding of the financial and legal terms governing the notes, thereby reducing the risk of disputes and providing a framework for managing the debt.
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Terms of Notes. The aggregate principal amount of Notes of this Series which shall be authenticated and delivered on the Series Issue Date under the Indenture shall be $1,350,000,000; provided, however, that subject to the Company’s compliance with Section 4.09 of the Base Indenture, the Company from time to time, without giving notice to or seeking the consent of the Holders of Notes of this Series, may issue additional notes (the “Additional Notes”) in any amount having the same terms as the Notes of this Series in all respects, except for the issue date, the issue price, the initial Interest Payment Date and rights under a related registration rights agreement, if any. Any such Additional Notes shall be authenticated by the Trustee upon receipt of a Company Order to that effect, and when so authenticated, will constitute “Notes” for all purposes of the Indenture and will (together with all other Notes of this Series issued under the Indenture) constitute a single Series of Notes under the Indenture; provided that if such Additional Notes are not fungible with the Notes of this Series for U.S. federal income tax purposes, as applicable, as determined by the Company, such Additional Notes may have a separate CUSIP, ISIN, common code or other identifying number, as applicable.
(a) The Notes of this Series issued on the Series Issue Date will be issued at an issue price of 100% of the principal amount thereof.
(b) The principal amount of the Notes of this Series is due and payable in full on April 15, 2031 unless earlier redeemed.
(c) The Notes of this Series shall bear interest (computed on the basis of a 360-day year comprised of twelve 30-day months) at the rate of 3.500% per annum from and including the Series Issue Date until maturity or early redemption; and interest will be payable semi-annually in arrears on April 15 and October 15 of each year (each, an “Interest Payment Date”), commencing October 15, 2021 to the Persons in whose name such Notes of this Series were registered at the close of business on the preceding April 1 or October 1, respectively.
(d) Principal of and interest on the Notes of this Series shall be payable as set forth in Exhibit A.
(e) Other than as provided in Article III of this Forty-Eighth Supplemental Indenture, the Notes of this Series shall not be redeemable.
(f) The Notes of this Series shall not be entitled to the benefit of any mandatory redemption or sinking fund.
(g) The Notes of this Series shall not be convertible into any other ...
Terms of Notes. The following terms relating to the Notes are hereby established:
(1) The Notes shall constitute a series of Securities having the title "6.88% Notes Due April 30, 2007."
(2) The aggregate principal amount of the Notes that may be authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 304, 305, 306, 906, 1107 or 1305 of the Indenture) shall be up to $25,000,000.
(3) The entire outstanding principal of the Notes shall be payable on April 30, 2007 (the "Stated Maturity Date").
(4) The rate at which the Notes shall bear interest shall be 6.88%; the date from which interest shall accrue shall be April 29, 1998; the Interest Payment Dates for the Notes on which interest will be payable shall be April 30 and October 30 in each year, beginning October 30, 1998; the Regular Record Dates for the interest payable on the Notes on any Interest Payment Date shall be the 15th calendar day preceding the applicable Interest Payment Date; and the basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.
(5) The Place of Payment where the principal of and interest on the Notes shall be payable and Notes may be surrendered for the registration of transfer or exchange shall be the Corporate Trust Office of the Trustee in St. Paul, ▇▇nnesota. The place where notices or demands to or upon the Issuer in respect of the Notes and the Indenture may be served shall be the corporate trust office of the Trustee at One ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
(A) The Notes may be redeemed at any time at the option of the Issuer, in whole, or from time to time in part, at a redemption price equal to the sum of (i) the principal amount of the Notes (or portion thereof) being redeemed plus accrued interest thereon to the redemption date and (ii) the Make-Whole Amount (as defined below), if any, with respect to such Notes (or portion thereof) (the "Redemption Price"). If notice has been given as provided in the Indenture and funds for the redemption of any Notes (or any portion thereof) called for redemption shall have been made available on the redemption date referred to in such notice, such Notes (or any portion thereof) will cease to bear interest on the date fixed for such redemption specified in such notice and the only right of the Holders of the Notes will be to rece...
Terms of Notes. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish whether the Notes of a Series shall be issued in whole or in part in the form of one or more Global Notes and the Depositary for such Global Note or Notes.
Terms of Notes. A Board Resolution, a supplemental indenture hereto, or an Officer’s Certificate shall establish whether the Notes of a Series shall be issued in whole or in part in the form of one or more Global Notes and shall name the Depositary for such Global Note or Notes. Except as provided herein, each Global Note shall be (i) registered in the name of the Depositary, (ii) deposited with the Depositary or its nominee, and (iii) bear the legend indicated in Section 2.14(c).
Terms of Notes. The Notes shall be issued as Registered Securities. The terms of the Notes set forth in the form of Note attached as Exhibit A hereto are incorporated by reference into this Supplemental Indenture. Except as otherwise provided in this Supplemental Indenture or the Notes, the Notes shall be subject to the terms of the Base Indenture. In the event of any inconsistency between the provisions of this Supplemental Indenture and the provisions of the Base Indenture as heretofore supplemented, the provisions of this Supplemental Indenture shall be controlling with respect to the Notes.
Terms of Notes. The Note(s) shall be fully amortized over a period of not more than forty-eight (48) months and shall bear interest from the date of delivery at a rate equal to nine percent (9%) per annum or the maximum lawful rate, whichever is less. Anything herein to the contrary notwithstanding, in no event shall the interest rate exceed the maximum rate permitted by law. Principal and interest on the Note(s) shall be payable in equal quarterly installments commencing three (3) months after the Option Event date or ten (10) days after the date specified in Section 9.5(a) for delivery of the Note(s), whichever occurs later, and ending no later than forty-eight (48) months after the Option Event date, provided that the Note(s) shall be subject to prepayment, in whole or in part, without penalty, at any time after the calendar year of the sale of the Units of the Affected Member or Deceased Member or Deceased Spouse. All prepaid sums shall be applied against the installments thereafter falling due in inverse order of their maturity or against all the remaining installments equally, at the option of the payee. The Note(s) shall provide that, in any case of default, at the election of the holder the entire sum of principal and interest shall immediately be due and payable and that the maker shall pay reasonable attorneys’ fees to the holder in the event that suit is commenced because of default. Any promissory note executed by the Company and/or the Purchasing Members pursuant to this Section 9.5 shall be secured by a pledge of the Units so purchased. The pledgeholder shall be such person as the parties shall mutually agree upon, and the pledge agreement shall contain such other terms and provisions as may be customary and reasonable. As long as no default occurs in payment on the Note(s), the purchasers (other than the Company) shall be entitled to vote the Units (provided that the Units are Class A Units); however, Distributable Cash shall be paid to the holder of the Note(s) as a prepayment of principal. The Company and/or the Purchasing Members shall expressly waive demand, notice of default and notice of sale and shall consent to public or private sale of the Units in the event of default, in mass or in lots at the option of the pledgeholder, and the holder of the Note(s) shall have the right to purchase at the sale.
Terms of Notes. The following terms relating to the Notes are hereby established:
(a) The 2027 Notes shall constitute a series of securities having the title “4.550% Senior Notes due 2027”. The 2030 Notes shall constitute a series of securities having the title “4.650% Senior Notes due 2030”. The 2031 Notes shall constitute a series of securities having the title “4.850% Senior Notes due 2031”. The 2035 Notes shall constitute a series of securities having the title “5.000% Senior Notes due 2035”. The 2044 Notes shall constitute a series of securities having the title “5.350% Senior Notes due 2044”. The 2055 Notes shall constitute a series of securities having the title “5.400% Senior Notes due 2055”. The Floating Rate Notes shall constitute a series of securities having the title “Floating Rate Senior Notes due 2027”.
(b) The aggregate principal amount of the Original 2027 Notes that may be authenticated and delivered under the Indenture (except for 2027 Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other 2027 Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $950,000,000. The aggregate principal amount of the Original 2030 Notes that may be authenticated and delivered under the Indenture (except for 2030 Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other 2030 Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $1,000,000,000. The aggregate principal amount of the Original 2031 Notes that may be authenticated and delivered under the Indenture (except for 2031 Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other 2031 Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $1,000,000,000. The aggregate principal amount of the Original 2035 Notes that may be authenticated and delivered under the Indenture (except for 2035 Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other 2035 Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $2,000,000,000. The aggregate principal amount of the Original 2044 Notes that may be authenticated and delivered under the Indenture (except for 2044 Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other 2044 Notes purs...
Terms of Notes. Pursuant to Sections 2.1(a) and 2.3(b) of the Original Indenture, there is hereby established a series of Securities, the terms of which shall be as follows:
Terms of Notes. The following terms relating to the Notes are hereby established:
Terms of Notes. (a) All Notes issued by the Trustee in its capacity as trustee of a Trust shall be issued with the benefit of, and subject to, this Deed, the Supplementary Terms Notice relating to such Notes, the Security Trust Deed and the Note Trust Deed relating to that Trust and the Conditions relating to those Notes.
(b) The Supplementary Terms Notice relating to that Trust is binding on the Manager, the Trustee, the Note Trustee, the Noteholders, the Couponholders, the Security Trustee, the Custodian, the Servicer and the Approved Seller.