Examples of Exchange Bond in a sentence
Interest on each Exchange Bond issued pursuant to the Exchange Offer will accrue from the last date on which interest was paid or duly provided for on the Bond surrendered in exchange therefor or, if no interest has been paid on such Bond, from the date of original issue of such Bond.
In the monetary policy statement announced by the Governor of the RBZ in February 2009, this debt was converted into a Special Tradable Gold-Backed Foreign Exchange Bond, with a term of 12 months and an 8% interest rate.
In case any officer or officers whose signature or signatures, manual or facsimile, shall appear upon any Exchange Bond shall cease to be such officer or officers before such bond shall have been actually authenticated and delivered, such bond nevertheless may be issued, authenticated and delivered with the same force and effect as though the person or persons whose signature or signatures, manual or facsimile, appear thereon had not ceased to be such officer or officers of the Company.
The Exchange Bonds shall be issued in the denomination of $1,000 and in such multiples of $1,000 as shall from time to time hereafter be determined and authorized by the Board of Directors of the Company or by any officer or officers of the Company authorized to make such determination, the authorization of the denomination of any Exchange Bond to be conclusively evidenced by the execution thereof on behalf of the Company.
Unless determined otherwise by the Issuer in accordance with applicable law, each such Rule 144A Global Bond and all definitive Bonds, upon transfer or exchange of Northeast Generation Supplemental Indenture ------------------------------------------- beneficial interests in a Rule 144A Global Bond (other than for an Exchange Bond) will bear the legend set forth on the face of the Restricted Securities.
If an Exchange Bond is to be issued or mailed to a person other than the undersigned, or to the undersigned at an address different from the address shown on this Letter of Transmittal, I will complete the appropriate boxes on page 6 of this Letter of Transmittal.
Unless determined otherwise by the Company in accordance with applicable law, each such Global Bond and all definitive bonds, upon transfer or exchange of beneficial interests in a Global Bond (other than for an Exchange Bond) will bear the applicable legends limiting transferability set forth on the form of bond in the recitals hereto.
The Obligations either (a) constitute senior indebtedness that is entitled to the benefits of the subordination provisions of the Exchange Intercreditor Agreement relating to the indebtedness under the Exchange Note Indenture and the Exchange Bond Indenture or (b) are senior in priority to all such Indebtedness pursuant to the terms of the applicable Financing Order.
Capitalized terms used but not defined in this Letter of Transmittal have the meanings ascribed to them in the Prospectus.For each Original Bond accepted for exchange, the holder of that Original Bond will receive an Exchange Bond having a principal amount equal to that of the surrendered Original Bond.
However, each Exchange Bond will bear interest from May 23, 2014.This Letter of Transmittal is to be completed by a holder of Original Bonds if certificates are to be forwarded with the Letter of Transmittal.