Examples of Prior Xxxx Xxxxx in a sentence
Upon the occurrence and during the continuance of a Default, the Trustee may exercise any and all rights of a holder with respect to the Prior Xxxx Xxxxx then held by it under this Article VIII or may take any other action which shall in its judgment be desirable or necessary to avail itself of the security for such Prior Xxxx Xxxxx.
On the request of the Company as evidenced by an Officers’ Certificate, the Trustee shall permit the extension of the maturity of and/or any other modification of any Prior Xxxx Xxxxx held by the Trustee subject to this Article VIII and/or any modification of any Prior Lien.
Any bonds issued hereunder deposited with or purchased by the Trustee pursuant to the provisions of this Section shall forthwith be canceled and delivered to the Company, and any Prior Xxxx Xxxxx deposited with the Trustee pursuant to the provisions of this Section shall be held by the Trustee subject to the provisions of Article VIII.
That it will not permit any default in the payment of principal and/or interest when the same shall become due of any Outstanding Prior Xxxx Xxxxx; that it will not issue, or permit to be issued, any bonds hereunder in any manner other than in accordance with the provisions of this Indenture and that it will faithfully observe and perform all the conditions, covenants and requirements of this Indenture and of all indentures supplemental hereto and of the bonds issued hereunder.
Defaul t in payment of principal Default in payment of interest Default in payments in connection with outstanding Prior Xxxx Xxxxx Default in obs*r>ance or performance of covenants Adjudicated bankrupt or insolvent Petition filed for voluntary bankruptcy Section 12.02.
No Bonds shall be authenticated and delivered at any time under this Article VI on the basis of Bonded Prior Xxxx Xxxxx.
All Prior Xxxx Xxxxx received by the Trustee shall be held by the Trustee without impairment of the lien thereof for the protection and further security of the bonds issued hereunder.
Adopted by the City Council of the City of Prior Xxxx, Xxxxx County, Minnesota this 21st day of July, 2003.
The City has covenanted in the Ordinance not to issue Additional Prior Xxxx Xxxxx (as defined in the ordinances authorizing the Prior Xxxx Xxxxx).
No Bonds issuable on basis of Bonded Prior Xxxx Xxxxx 22 COVENANTS OF THE COMPANY Section 7.01.