Senior Note Mortgage definition
Examples of Senior Note Mortgage in a sentence
For purposes of Section 4.09 of the Senior Note Indenture, this Mortgage Bond shall be deemed to be the “Related Series of Senior Note Mortgage Bonds” in respect of the Senior Notes.
The Trustee shall, together with such Senior Note Mortgage Bonds, deliver to the Company such appropriate instruments of transfer or release as the Company may reasonably request.
At any time at the written direction of the Company, the Trustee shall surrender to the Company all or part of the Senior Note Mortgage Bonds in exchange for Senior Note Mortgage Bonds equal in aggregate outstanding principal amounts to, in different denominations than but of the same series and with all other terms identical to, the Senior Note Mortgage Bonds so surrendered to the Company.
The Trustee shall receive the Senior Note Mortgage Bonds from the Company as provided in this Indenture and shall hold the Senior Note Mortgage Bonds, and any and all sums payable thereon or with respect thereto or realized therefrom, in trust for the benefit of the Holders of the Securities, as herein provided.
In addition, at any time a Security shall cease to be entitled to any lien, benefit or security under this Indenture pursuant to Section 4.4 hereof, the Trustee shall surrender Senior Note Mortgage Bonds as provided in this Section to the Company for cancellation.
The Trustee, as holder of the Senior Note Mortgage Bonds, shall attend any meeting of bondholders under the First Mortgage Indenture as to which it receives due notice, or, at its option, shall deliver its proxy in connection therewith.
Any Senior Note Mortgage Bonds received by the Company pursuant to this Section 14.8 shall be delivered to the First Mortgage Trustee for cancellation.
The Trustee shall accept and acknowledge receipt of the Senior Note Mortgage Bonds and Expert certificate described in Section 14.1 hereof upon the delivery thereof in accordance with said Section 14.1.
All Senior Note Mortgage Bonds delivered to the Company in accordance with this Section 14.5 shall be delivered by the Company to the First Mortgage Trustee for cancellation.
From and after the Release Date, the Company shall cause the First Mortgage Indenture to be closed and the Company shall not issue any additional First Mortgage Bonds or Senior Note Mortgage Bonds under the First Mortgage Indenture.