Indenture Agreement definition
Examples of Indenture Agreement in a sentence
The making and performance of this Amendment will not violate any law, government rule or regulation, court or administrative order or other such order, or the charter, minutes or bylaw provisions of Borrower or violate or result in a default (immediately or with the passage of time) under any contract, agreement or instrument (including without limitation, the Indenture Agreement), to which Borrower is a party, or by which Borrower is bound.
Company was heretofore duly authorized by a unanimous affirmative vote of its directors at a meeting duly called and held for such purpose to borrow the sum of $5,000,000 for use in connection with its ordinary operations and to issue its Capital Notes in the total sum of $5,000,000, with the same to be secured by an appropriate Indenture Agreement with Bankers Trust Company, Des Moines, Iowa, as Trustee for the Capital Note holders.
This Agreement and the Indenture Agreement have been duly authorized, and this Agreement has been duly executed and delivered by the Company.
The Employer hereby also agrees to be bound by the Trust Indenture Agreement as now stated or as later restated or amended applicable to each of the two (2) respective United Brotherhood of Carpenters Trust Funds described above.
In determining such sufficiency or insufficiency with respect to clause (II) and (III) above, the Indenture Trustee may, at the Issuing Entity’s expense and paid in the priority set forth in Sections 5.06(a) and (b) of the Sale and Servicing Indenture Agreement, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the sufficiency of the Collateral for such purpose.
The Employer hereby also agrees to be bound by the Trust Indenture Agreement as now stated or as later restated or amended applicable to the respective United Brotherhood of Carpenters Trust Fund described above.
During the probationary period, an apprentice’s Indenture Agreement may be cancelled for any reason by the decision of the JATC as stipulated in the registered standards.
The Company, as a part of the issuance of the series of 14% Subordinated Debentures pursuant to this Offering, shall enter into and keep in full force and effect, for so long as an obligation pursuant to this Offering remains outstanding, a Trust Indenture Agreement ("Trust Agreement"), thereby creating a security interest in all property of the Company, subject only to any senior indebtedness as set forth in the STRATCOMM MEDIA LIMITED 14% SUBORDINATED DEBENTURE.
Any such transferee of an Equipment Note, by its acceptance of an Equipment Note, agrees to the provisions of the Refunding Agreement applicable to Note Holders, and shall be deemed to have represented and warranted to the parties to the Refunding Trust Indenture Agreement as to the matters represented and warranted by the Subordination Agent in its capacity as the initial Holder of the Equipment Notes.
Notwithstanding the foregoing or anything in this Indenture to the contrary, the Indenture Trustee may, on the advice of its counsel and without the consent or approval of any Note Holder, approve any counsel asked to opine on any matters under Section 11(b)(ii) of the Refunding Trust Indenture Agreement, Section 6(a)(iii) of the Lease or under this Indenture and approve any opinion issued by such counsel.