Devon Oklahoma definition
Examples of Devon Oklahoma in a sentence
Effective as of the Effective Time of the merger of PennzEnergy Company into the Company, as defined in that certain Amended and Restated Agreement and Plan of Merger by and among Devon Energy Corporation, Devon Delaware Corporation, Devon Oklahoma Corporation and PennzEnergy Company, dated as of May 19, 1999 (the"Date of Grant"), the Company has awarded to the Grantee a total of 15,000 shares of Common Stock, subject to the conditions and restrictions set forth below (the "Restricted Stock").
Devon Trust shall exist for the exclusive purposes of (a) issuing the Devon Trust Securities, (b) investing the gross proceeds of the Devon Trust Securities in the Subordinated Devon Oklahoma Debentures and (c) engaging in only those other activities necessary or incidental thereto.
Devon Trust shall not redeem the Devon Trust Securities prior to their stated maturity, and Devon Oklahoma shall not prepay or redeem the Subordinated Devon Oklahoma Debentures prior to their stated maturity, unless both immediately before and immediately after any such proposed prepayment or redemption, US Borrower is in compliance with Section 7.8, and no Default under Section 8.1(a), 8.1(f) or 8.1(h) is continuing.
Devon Oklahoma shall exercise its option to defer interest payments on the Subordinated Devon Oklahoma Debentures rather than default on such interest payments.