Examples of Canadian Debenture in a sentence
No Debenture shall be issued or, if issued, shall be obligatory or entitle the Holder thereof to the benefit thereof until it has been authenticated by or on behalf of the Canadian Debenture Trustee and such authentication by or on behalf of the Canadian Debenture Trustee upon any shall be conclusive evidence against the Issuer that such Debenture has been duly issued hereunder and is a valid obligation of the Issuer.
The execution of any such Debentures by the Issuer and the authentication by the Canadian Debenture Trustee of any such Debentures shall be conclusive evidence that such Debentures are Debentures authorized by this Indenture.
The signature of the Canadian Debenture Trustee on any Debenture shall, however, be a representation and warranty by the Debenture Trustees that such Debenture has been duly authenticated by or on behalf of the Debenture Trustees pursuant to the provisions of this Indenture.
Subject to compliance with applicable law and Section 4.7, all Debentures redeemed or acquired in whole or in part by the Issuer under the provisions of this Article shall be forthwith delivered to and cancelled by the Debenture Trustees at the principal office of the Canadian Debenture Trustee in Montreal, Québec, and no Debentures shall be issued in substitution thereof.
The signature of the Canadian Debenture Trustee on a Debenture shall not be construed as a representation or warranty by any of the Debenture Trustees as to the validity of this Indenture or of such Debenture or its issuance, and the Debenture Trustees shall not be liable for the use made of such Debenture or the proceeds of issuance thereof.
In case the Issuer shall fail to maintain any such office or agency or shall fail to give such notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served at the principal office of the Canadian Debenture Trustee in Montreal, Québec.
The Canadian Debenture Trustee represents to the Issuer that, at the date of execution and delivery by it of this Indenture, it is authorized to carry on the business of a trust company in each of the provinces of Canada.
To evidence its Debenture Guarantee set forth in Section 11.1 hereof, each Guarantor hereby agrees that a notation of such Debenture Guarantee substantially in the form attached as Schedule C hereto shall be endorsed by an officer of such Guarantor on each Debenture authenticated and delivered by the Canadian Debenture Trustee and that this Indenture shall be executed on behalf of such Guarantor by one of its officers.
Any notice to the Debenture Trustees under the provisions hereof shall be valid and effective if delivered to an officer of the Debenture Trustees at, if to the Canadian Debenture Trustee, BNY Trust Company of Canada, 0000 xx Xxxxxxxxxxx Xxxx.
The delivery of any Debenture by the Canadian Debenture Trustees, after the authentication thereof hereunder, shall constitute due delivery of the Debenture Guarantee set forth in this Indenture on behalf of the Guarantors.