Exchange Bond definition
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.
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.
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 interest on each Exchange Bond so payable on any interest payment date shall, subject to the exceptions provided in Section 3.01 of the Mortgage, as amended by said Supplemental Indenture dated April 1, 1967, be paid to the person in whose name such bond is registered at the close of business on the March 1 or September 1, as the case may be, next preceding such interest payment date.
This [Private] Exchange Bond shall not be entitled to any benefit under the Indenture or any indenture supplemental thereto, or become valid or obligatory for any purpose, until the form of certificate endorsed hereon shall have been signed by or on behalf of BNY Midwest ------------------ * To be included in a book-entry bond.
No charge shall be made by the Company to the registered owner of any Exchange Bond for the transfer of such bond or for the exchange thereof for bonds of other authorized denominations, except, in the case of transfer, a charge sufficient to reimburse the Company for any stamp or other tax or governmental charge required to be paid by the Company or the Trustee.
Any amendment of this Intercreditor Agreement (other than the accession of any Future Subsidiary Guarantor Pledgor pursuant to Section 7 hereof or any Secured Party on behalf of holder(s) of Permitted Pari Passu Secured Indebtedness or Exchange Bond Indebtedness pursuant to Section 8 hereof) shall be binding only if evidenced by a document in writing signed by each of the parties hereto.
The Issuer shall remit or cause to be remitted to the Trustee for deposit into the Special Tax Allocation Account all Incremental Taxes required to be deposited therein pursuant to the TIF Act and the TIF Ordinance and the 1999 Exchange Bond Ordinance.
This [Private] Exchange Bond is one of a series designated as the "11.50% [Private] Exchange Bonds, 11.50% due 2010" (the "[Private] Exchange Bonds") of the Company, limited in aggregate principal amount to $550,000,000, issued under and secured by the Indenture and described in the supplemental indenture dated as of December 15, 2002 (the "Supplemental Indenture dated as of December 15, 2002"), between the Company and the Trustee, supplemental to the Indenture.
The provisions of this [Private] Exchange Bond are continued on the reverse hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place.