Sinking Fund Provisions definition
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23
Sinking Fund Provisions. No sinking fund provisions.
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire [$______] principal amount of Designated Securities on _______ in each of the years __ through __ at 100% of their principal amount plus accrued interest[, together with [cumulative] [noncumulative] redemptions at the option of the Company to retire an additional [$___] principal amount of Designated Securities in the years ___ through ___ at 100% of their principal amount plus accrued interest.] [If Designated Securities are extendable debt securities, insert-- Extendable provisions: Designated Securities are repayable on ______ [insert date and years], at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be __%, and thereafter the annual interest rate will be adjusted on __ and ___ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ___-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are floating rate debt securities, insert-- Floating rate provisions: Initial annual interest rate will be ___% through ____ [and thereafter will be adjusted [monthly] [on each __, ___, and ] [to an annual rate of ___% above the average rate for ____-year [month][securities][certificates of deposit] issued by ___ and ___ [insert names of banks]____] [and the annual interest rate [thereafter] [from ___ through ___] will be the interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills plus ____% of Interest Differential (the excess, if any, of (i) the then current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) the then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from ___ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] Defeasance provisions: Closing location for delivery of Designated Securities: Additional Closing Conditions: Names and addresses of Representatives: Designated Representatives: Schedule II -- 3 Address for Notices, etc.: [Other Terms]:
Examples of Sinking Fund Provisions in a sentence
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-1, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-2, such other terms are specified in the Pricing Prospectus.
Sinking Fund Provisions: None Global Note Depositary: CDS Clearing and Depository Services Inc.
Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II-2, such other terms specified in the Pricing Prospectus.
More Definitions of Sinking Fund Provisions
Sinking Fund Provisions. [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire [$] principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [noncumulative] redemptions at the option of the Company to retire an additional [$] principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest]. [If Securities are extendable debt securities, insert -- ]
Sinking Fund Provisions. None Redemption Provisions: None
Sinking Fund Provisions. Redemption Provisions: Securities into which Convertible or Exchangeable: Maturity:
Sinking Fund Provisions. [ ] Applicable Time: [ ] Pricing Disclosure Package: [ ]
Sinking Fund Provisions. None Applicable Time: 2:50 PM (New York time) on May 19, 2020 Pricing Disclosure Package: Prospectus, dated September 11, 2017, Preliminary Prospectus Supplement, filed with the SEC on May 19, 2020, and Final Term Sheet, dated May 19, 2020 Selling Restrictions: The Designated Securities are offered for sale in places where it is legal to make such offers. Each underwriter has represented and agreed that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Designated Securities to any retail investor in the European Economic Area (“EEA”) or in the United Kingdom (“UK”). For the purposes of this provision:
Sinking Fund Provisions. The Designated Securities shall not be entitled to any sinking fund Repurchase upon Change of Control Repurchase Event: The Designated Securities shall be subject to repurchase upon the occurrence of a Change of Control Repurchase Event as described under the caption “Description of Notes–Repurchase upon Change of Control Repurchase Event” in the Preliminary Prospectus Supplement dated September 8, 2020 relating to the Designated Securities Date and Time of Delivery: September 11, 2020; 9:30 a.m., New York City time Closing Location: S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & B▇▇▇▇▇▇▇ LLP 4▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Funds for Payment of Purchase Price: Immediately Available Funds by Wire Transfer Delayed Delivery: None Name and Address for Purposes of Section 13: c/o Goldman Sachs & Co. LLC 2▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o HSBC Securities (USA) Inc. 4▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o Morgan S▇▇▇▇▇▇ & Co. LLC 1▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Time of Sale: 2:30 p.m., New York City time, on the date of this Agreement
Sinking Fund Provisions. None Global Note Depositary: CDS Clearing and Depository Services Inc. Closing Date and Time of Delivery: September 29, 2010 at 9:00 a.m., Toronto time Closing Location: Davies ▇▇▇▇ ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, Suite 4400, Toronto, Ontario Agents % Scotia Capital Inc. 30% TD Securities Inc. 30% RBC Dominion Securities Inc. 20% BMO ▇▇▇▇▇▇▇ ▇▇▇▇▇ Inc. 10% CIBC World Markets Inc. 10%