Examples of Canadian Debenture Trustee 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 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.
All money deposited with the Canadian Debenture Trustee for the payment of principal or interest on the Debentures shall be held in trust and applied by it, in accordance with the provisions of the Debentures and this Indenture, to such payment, either directly or through any Paying Agent as the Canadian Debenture Trustee may determine.
The principal office of the Canadian Debenture Trustee in Montreal, Québec shall be such offices or agencies of the Issuer unless the Issuer shall designate and maintain some other office or agency for one or more such purposes.
The Canadian Debenture Trustee shall initially act as Paying Agent and Registrar.
If the Issuer fails to maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Canadian Debenture Trustee shall act as such.
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.
In the event that the Canadian Debenture Trustee is not the Paying Agent, the Issuer shall notify the Canadian Debenture Trustee, in advance, of the name and address of any such Paying Agent.