Maturity Account definition

Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

Maturity Account means an account or accounts required to be established by the Issuer (and which shall be maintained by and subject to the control of the Paying Agent) for the Notes issued pursuant to and in accordance with this Indenture.

Maturity Account has the meaning ascribed thereto in Section 2.10(a);

Examples of Maturity Account in a sentence

• Each such Maturity Account shall be maintained by and be subject to the control of the Trustee for the purposes of this Indenture.

• The Corporation will establish and maintain with the Trustee a Maturity Account for each series of Debentures.

• The Corporation will establish and maintain with the Trustee a Maturity Account for the Debentures.

• The Maturity Account shall be maintained by and be subject to the control of the Trustee for the purposes of this Indenture.

• These funds are deposited to the Maturity Account and used to redeem the maturing commercial paper notes.

• On the maturity date of any commercial paper note, the Trustee is to draw on the letter of credit an amount equal to the aggregate amount required to pay the principal and accrued interest on the maturing note, less any amounts on deposit in the Maturity Account.

• The Company will establish and maintain with the Trustee a Maturity Account for each series of Debentures.

• Maturity Account - On the first business day of each month, the Trustee is to draw on the letter of credit an amount equal to the interest accrued and unpaid on the commercial paper notes from and including the preceding draw date and deposit the proceeds of this drawing to the Maturity Account.

• On or before 11:00 a.m. (Toronto time) not less than one Business Day immediately prior to the Maturity Date for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee a certified cheque or wire transfer for deposit in the Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures (including the principal amount together with any accrued and unpaid interest thereon).

• Each such Maturity Account shall be maintained by and be subject to the control of the Debenture Trustee for the purposes of this Indenture.

More Definitions of Maturity Account

Maturity Account means an account or accounts required to be established by the Company (and which shall be maintained by and subject to the control of the Debenture Trustee) for each series of Debentures pursuant to and in accordance with this Indenture;

Maturity Account means the Post Office Savings Account(s) set up by us in your name(s) to receive maturing funds.

Maturity Account means an account or accounts required to be established by Baytex (and which shall be maintained by and subject to the control of the Indenture Trustee) for each series of Debt Securities issued pursuant to and in accordance with this Indenture;

Maturity Account means an account or accounts required to be established by the Issuer (and which shall be maintained by and subject to the control of the Paying Agent) for each series of Notes issued pursuant to and in accordance with this Indenture. “Notes” means the notes, debentures or other evidence of Indebtedness of the Issuer issued and authenticated hereunder, or deemed to be issued and authenticated hereunder, and includes Global Notes and for greater certainty, the Series A Second Lien Notes and the Series B Second Lien Notes. “Notes Majority” means: (a) with respect to the Second Lien Notes, the affirmative vote of, or an instrument signed in one or more counterparts by, the Holder or Holders of more than fifty percent (50%) of the aggregate principal amount of the outstanding Second Lien Notes, provided that for purposes of determining the aggregate principal amount of the outstanding Second Lien Notes, the

Maturity Account has the meaning ascribed thereto in Section 2.10(a); “Maturity Date” means January 30, 2021 or such other date on which the Debentures become due and payable as provided in this Indenture; “NCI” means the non-certificated inventory system operated by CDS; “NCI Letter of Instruction” means the NCI letter of instruction provided by CDS to the Trustee in connection with the conversion of the Debentures; “Notice” shall mean any notice, document or other communication required or permitted to be given under this Indenture; “Officer’s Certificate” shall mean a certificate signed by any two officers of the Corporation, at least one of whom shall be the chief executive officer or the chief financial officer, (or officer holding a similar title) and delivered to the Trustee; “Opinion of Counsel” means a written opinion addressed to the Trustee (among other addressees as applicable) by Counsel and in a form which, in each case, shall be reasonably satisfactory to the Trustee; “Outstanding” when used with respect to the Debentures means, as of the date of determination, all Debentures theretofore certified and delivered by the Trustee under this Indenture, except: (a) Debentures theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; (b) Debentures for whose payment, purchase, or repurchase money in the necessary amount has been theretofore deposited with the Trustee under gratuitous deposit or set aside and segregated in trust by the Corporation (if the Corporation shall act as its own paying agent) for the Holders of such Debentures; and