Examples of Debentures Trustee in a sentence
Revision of credit rating assigned to the Debentures.Such information shall also be placed on the websites of the Debentures Trustee, the Company and the Stock Exchange.Debenture trustee has accorded its consent to act as debenture trustee for the Issue.
The Debtors believe that claims asserted by holders of the Preferred Securities against WMI are duplicative of the claim asserted by the Junior Subordinated Debentures Trustee.
As soon as practicable following the Effective Date, the Borden Debentures Trustee shall arrange to deliver or direct the delivery of such distributions to or on behalf of the Holders of Allowed Borden Debentures Claims in Class 3 in accordance with the terms of the Borden Debentures Indenture and the Plan.
Notwithstanding anything in the Plan to the contrary, and without limiting the exculpation and release provisions of the Plan, the Borden Debentures Trustee shall not have any liability to any Entity with respect to distributions made or directed to be made by the Borden Debenture Trustee.
Companies issuing secured debentures also must appoint Debentures Trustee.(3) Debentures Trustee is appointed before prospectus or letter of offer / offer letter is issued or within 60 days after the allotment of debenture.
Except as otherwise provided for in the Plan or ordered by the Bankruptcy Court, distributions under this Agreement, and payments from the Escrows, as applicable, for the professional fees and expenses of (i) the Chatham Parties, other than the Deferred Amounts Claims, (ii) the Brigade Parties, (iii) the 2027 Debentures Trustee and the 2029 Debentures Trustee, and (iv) Seward & Kissel LLP shall be paid on the Effective Date subject to the Professional Fee Caps set forth in the Admin Liability Schedule.
The Trustees become the custodian of the assets on which charge has been created.(2) A company which issues prospectus or invites more than 500 persons to buy its debentures has to appoint one or more Debentures Trustee.
For these reasons, and those more fully set forth in the UCC Response,3 the Debentures Trustee maintains that the UST Objection should be overruled and the Plan should be confirmed in its entirety.
Moreover, security provided by the Company by way of pledge of certain securities with the Debenture Trustee against issue of above Debentures have been invoked and disposed of by the Debentures Trustee.
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