Examples of New Mortgage Indenture in a sentence
Upon the effectiveness of the New Mortgage Indenture, the 2011 CoBank Note will be authenticated as a “Pre-Existing Obligation” (as defined in the New Mortgage Indenture) under the New Mortgage Indenture, and the Company’s obligations under the 0000 XxXxxx Note will be secured under the New Mortgage Indenture.
Except as may be expressly provided for by the New Mortgage Indenture or by Section 6.09 hereof, CoBank’s consent shall not be required for the issuance of any “Additional Obligations” (as defined in the New Mortgage Indenture) under the New Mortgage Indenture.
Applicable Indenture shall mean, prior to the effectiveness of the New Mortgage Indenture, the Existing Indenture, as it may be amended or modified from time to time, and all Supplemental Indentures thereto, and, following the effectiveness of the New Mortgage Indenture, the New Mortgage Indenture, as it may be amended or modified from time to time, and all Supplemental Indentures thereto.
The Lord gathers the righteous by the teachings of his servants, the ministering of angels, and by his own voice.
Notwithstanding anything to the contrary contained herein, nothing in this Agreement requires the Company to cause any obligations of the Company to CoBank, other than 2011 CoBank Note and additional Promissory Notes evidencing Loans hereunder, to be secured as “Pre-Existing Obligations” (as defined in the New Mortgage Indenture) or “Additional Obligations” (as defined in the New Mortgage Indenture), as applicable, under the New Mortgage Indenture.
The execution and delivery by the Company and the Indenture Trustee of a Supplemental Indenture to the New Mortgage Indenture providing for the issuance by the Company of the Promissory Note as an “Additional Obligation” (as defined in the New Mortgage Indenture) secured by the New Mortgage Indenture.
CoBank hereby approves of the terms of the New Mortgage Indenture, and consents to the Company entering into the New Mortgage Indenture, in each case in the form of the New Mortgage Indenture attached as an exhibit to the First Supplemental Indenture.
An “Event of Default” (as defined in the Applicable Indenture) shall exist, or, prior to the effectiveness of the New Mortgage Indenture, 2011 CoBank Note shall cease to be an “Additional Obligation” under the Existing Indenture or, following the effectiveness of the New Mortgage Indenture, 2011 CoBank Note or any additional Promissory Note evidencing any Loan or portion thereof hereafter made hereunder shall cease to be secured under the New Mortgage Indenture.
Upon the authentication of the 0000 XxXxxx Note as a “Pre-Existing Obligation” (as defined in the New Mortgage Indenture) concurrently with the effectiveness of the New Mortgage Indenture (as required by Section 5.09 hereof), the 0000 XxXxxx Note shall be secured by the New Mortgage Indenture.
The New Mortgage Indenture will be in the form attached to that certain First Supplemental Indenture to the Existing Indenture, dated as of January 19, 2011, between the Company and U.S. Bank National Association, as Trustee (the “First Supplemental Indenture”).