Examples of Mortgaged and Pledged Property in a sentence
This Bond shall be governed by and construed in accordance with the law of the State of New York, except to the extent that the law of any jurisdiction wherein any portion of the Mortgaged and Pledged Property is located shall mandatorily govern the creation of a mortgage lien on and security interest in, or perfection, priority or enforcement of the Lien of the Indenture or exercise of remedies with respect to, such portion of the Mortgaged and Pledged Property.
The form of the definitive certificate representing the Shares and the Offered Shares has been duly approved and adopted by the Company and complies with all legal requirements (including any applicable requirements of TSX) relating thereto.
Article XVI of this Indenture is not intended to limit the Company’s conveyances, transfers or leases of less than substantially all of the Mortgaged and Pledged Property.
Article XV of this Indenture is not intended to limit the Company’s conveyances, transfers or leases of less than substantially the entirety of the Mortgaged and Pledged Property.
No such conveyance, transfer or lease of all or substantially all of the Mortgaged and Pledged Property as an entirety shall have the effect of releasing the Company or any successor corporation that shall theretofore have become such in the manner prescribed in this Section from its liability as obligor and maker on any of the bonds secured hereby.
The Company hereby covenants and agrees that until the Termination Date, it will not consolidate with or merge into any other corporation, or convey or transfer, subject to the Lien of the Indenture, all or substantially all of the Mortgaged and Pledged Property as an entirety.
The description of the Mortgaged and Pledged Property set forth in the Mortgage is adequate to constitute the Mortgage a lien on the Mortgaged and Pledged Property.
Upon the transfer, subject to the Lien of the Mortgage, of all or substantially all of the Mortgaged and Pledged Property as an entirety to the Company, as contemplated by the 2018 Transfer Documents, the Original Company shall be released and discharged from all obligations under the Mortgage or any bonds issued thereunder.
The Holders of Bonds may pursue all rights and remedies against the Company and Mortgaged and Pledged Property as provided under the terms of the Indenture.
With respect to any Bonds issued on or after the date hereof, Section 89 is hereby amended by adding the following as a new paragraph (j) therein: (j) The Trustees shall not be responsible for filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any security interest in the Mortgaged and Pledged Property.