Paper Note definition
Examples of Paper Note in a sentence
No Commercial Paper Note shall be issued having a maturity date later than the earlier of (i) 270 days after its date of issuance and (ii) the day which is 17 days in advance of the Termination Date in effect on its date of issuance.
I agree that the Note Holder has the right, at any time, to convert this Electronic Note into a Paper Note.
Unless the City shall have previously advised the Bank in writing that one or more conditions set forth in subsections (a), (b), (c), (d) and (f) of this Section 4.04 have not been satisfied, the City shall be deemed to have represented and warranted that on the date of such issuance or authentication of any Commercial Paper Note the above conditions have been satisfied.
The Bank may deliver a Notice of No-Issuance to the Issuing and Paying Agent and to the City directing the City not to cause to be issued and the Issuing and Paying Agent not to authenticate any Commercial Paper Note at any time that the Bank shall have determined that any condition to the issuance of any Commercial Paper Note has not been satisfied.
The Bank agrees that if, after the delivery of a Notice of No-Issuance, the Bank determines that the conditions to the issuance of any Commercial Paper Note have been satisfied and the Bank has received a notice from an Authorized Representative to such effect, then the Bank shall promptly deliver a notice (a copy of which shall be delivered by the Bank to the City and each Dealer) to the Issuing and Paying Agent, rescinding such Notice of No-Issuance.
The aggregate principal amount of the Commercial Paper Notes to be issued and the interest to accrue to the maturity date of each such Commercial Paper Note does not exceed the amount of the Available Commitment then in effect, and the City shall be in compliance with Section 6.24 hereof immediately after giving effect to such issuance.
Each Commercial Paper Note shall be issued by the Depositary on behalf of the Company in accordance with the Depositary Agreement and shall, if an interest-bearing Commercial Paper Note, specify the amount of interest applicable thereto.
No Commercial Paper Note shall be issued by the Company except through the Depositary and in accordance with the terms of this Agreement and the Depositary Agreement.
Upon receipt of such Notice of No-Issuance, the City shall not issue and the Issuing and Paying Agent shall not authenticate any Commercial Paper Note, in each case unless and until such Notice of No-Issuance is rescinded by the Bank.
Any Commercial Paper Notes bearing the manual or facsimile signature of a person who is an Authorized Representative on the date such signature is affixed shall be binding on the Company after the authentication thereof by the Bank notwithstanding that such person shall have died or shall have otherwise ceased to hold his office on the date such Commercial Paper Note is countersigned or delivered to the Bank.