Examples of Authorized Denominations in a sentence
If a portion of any Bond is redeemed prior to its scheduled maturity as provided herein, a substitute Bond or Bonds having the same maturity date, bearing interest at the same rate, in Authorized Denominations, at the request of the Owner, and in an aggregate principal amount equal to the unredeemed portion thereof, will be issued to the Owner upon surrender thereof for cancellation.
The Bonds are issuable as fully registered bonds only in denominations of $100,000, or any integral multiple of $1,000 in excess thereof (“Authorized Denominations, subject to the provisions of the Indenture authorizing redemption in Authorized Denominations or in integral multiples of $1,000, as applicable.
Upon satisfaction of such requirements, one or more new fully registered Bonds of the same Stated Maturity, of Authorized Denominations, bearing the same rate of interest, and for the same aggregate principal amount will be issued to the designated transferee or transferees.