Defeased Debentures definition

Defeased Debentures has the meaning ascribed thereto in Section 9.6(b);

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Defeased Debentures has the meaning ascribed thereto in Section 10.6(b); (dd) “Definitive Debenture” means a certificated Debenture fully registered in the name of the holder thereof;

Defeased Debentures means any series of Debentures in respect of which the Corporation has deposited trust funds or trust property pursuant to Section 8.5;

Examples of Defeased Debentures in a sentence

In addition, the Corporation shall deliver to the Trustees an opinion of Counsel and an Officers’ Certificate stating that all conditions precedent herein provided relating to the payment, satisfaction and discharge of the Defeased Debentures have been complied with.
Upon receipt of a Written Direction from the Company, the Debenture Trustee shall be entitled to pay to such holder from such trust money or trust property deposited with the Debenture Trustee pursuant to Section 9.5 in respect of the Defeased Debentures the amount which is applicable to the Defeased Debentures held by such holders who have redeemed any such Debentures.
Debenture Trustee pursuant to Section 9.5 for the purpose of paying to any holders of Defeased Debentures who have accepted any such offer of the Trust the Total Offer Price payable to such holders in respect of such Offer in respect of Initial Debentures (or the total offer price payable in respect of an offer relating to any other series of Debentures).

More Definitions of Defeased Debentures

Defeased Debentures has the meaning ascribed thereto in Section 8.6(b); (aa) “DRS” means the direct registration system maintained by the Trustee;

Defeased Debentures has the meaning ascribed thereto in Section 10.6(b); (aa) “deemed year” has the meaning ascribed thereto in Section 2.11(b);

Defeased Debentures has the meaning attributed thereto in Subsection 9.6(b); (aa) “Depositary” means, with respect to the Debentures of any series issuable or issued in the form of one or more Global Debentures or as Book-Based Only