The Initial Notes Sample Clauses
The "Initial Notes" clause defines the specific securities or debt instruments that are being issued at the outset of a financing arrangement. It typically outlines the principal amount, interest rate, maturity date, and other key terms that apply to these initial notes, distinguishing them from any future issuances or additional notes that may be created later. By clearly identifying the characteristics and terms of the initial notes, this clause ensures all parties understand the scope and details of the initial financial commitment, thereby reducing ambiguity and potential disputes regarding the instruments being issued.
The Initial Notes. Subject to the satisfaction (or waiver in accordance with Section 10.9) of the conditions precedent set forth in Section 4.1, the Company shall issue and sell to each Initial Purchaser, and each Initial Purchaser shall purchase from the Company, an Initial Note on the Initial Closing Date in a principal amount equal to the amount opposite such Initial Purchaser’s name set forth in the Schedule of Purchasers under the header ‘Initial Purchasers’ attached hereto as Schedule 2. By no later than 11:00 a.m. (New York time) on the Initial Closing Date (i) each Initial Purchaser shall wire transfer same day funds in U.S. dollars, at the Note Agent’s Principal Office, in the amount of such Initial Purchaser’s Initial Note and (ii) the Company shall issue and deliver to each such Initial Purchaser an Initial Note in favor of such Initial Purchaser payable in the principal amount of such Initial Purchaser’s Initial Note.
The Initial Notes. The Company will authorize, as the initial Series of Senior Notes hereunder, the issue and sale of $597,500,000 aggregate principal amount of its 3.10% Senior Notes due June 29, 2046 (the “Initial Notes”). The Initial Notes shall be substantially in the form set out in Exhibit B-1, with such changes therefrom, if any, as may be approved by each Purchaser and the Obligors.
The Initial Notes. The Initial Notes, with an aggregate principal amount of US$6,000,000 (equivalent to approximately HK$46,800,000) shall be issued to the Subscribers on the Completion Date.
The Initial Notes. The following Security Documents to be executed on the Closing Date, duly executed and delivered by each Restricted Party or party thereto: