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 Securities are entitled to the benefit of a sinking fund to retire $ _______ principal amount of 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 Securities in the years ____ through ____ at 100% of their principal amount plus accrued interest.] [If Securities are extendable debt Securities, insert-- Extendable provisions: Securities are repayable on ______, _____ [insert date and years], at the option of the holder, at their principal amount with accrued interest. Initial annual interest rate will be ___%, and thereafter 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 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) then current weekly average per annum secondary market yield for ______-month certificates of deposit over (ii) 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].] Closing Date: [Time and date] Closing Location: Names and addresses of Representatives: Address for Notices, etc.: [Other Terms]1 Annex B DESCRIPTION OF COMFORT LETTER Pursuant to Section 5(a) of the Underwriting Agreement, the accountants shall furnish letters to the Underwriters to the effect that:
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. No sinking fund provisions Defeasance provisions: Sections 13.2 and 13.3 of the Indenture shall be applicable to the 2056 Notes Time of Delivery: March 9, 2026 Closing Location for Delivery of Securities: The Depository Trust Company 5▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Designated Representatives: M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC Barclays Capital Inc. BofA Securities, Inc. J.▇. ▇▇▇▇▇▇ Securities LLC Address for Notices, etc.: c/o Morgan S▇▇▇▇▇▇ & Co. LLC 1▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attn: Investment Banking Division (fax: (▇▇▇) ▇▇▇-▇▇▇▇) BofA Securities, Inc 1▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇-▇▇▇-▇▇-▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ Attention: High Grade Debt Capital Markets Transaction Management/Legal Fax: 2▇▇-▇▇▇-▇▇▇▇ Title of Notes: 5.600% Notes due 2066 (the “2066 Notes”) Aggregate principal amount: $2,000,000,000 Pricing Effective Time: 5:10 p.m., New York City time, February 23, 2026 Price to Public: 99.872% of the principal amount of the 2066 Notes, plus accrued interest from March 9, 2026 (if any). Purchase Price by Underwriters: 98.997% of the principal amount of the 2066 Notes, plus accrued interest from March 9, 2026 (if any). Method of and specified funds for payment of purchase price: By wire transfer to a bank account specified by the Company in immediately available funds Indenture: Indenture, dated as of March 10, 2015, between the Company and U.S. Bank National Association, as Trustee Maturity: March 15, 2066 Interest Rate: 5.600% Interest Payment Dates: Semiannually on March 15 and September 15, commencing September 15, 2026.
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: 1:22 PM (New York time) on February 6, 2020 Pricing Disclosure Package: Prospectus, dated September 11, 2017, Preliminary Prospectus Supplement, filed with the SEC on February 5, 2020, and Final Term Sheet, dated February 6, 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 April 23, 2019 relating to the Notes Date and Time of Delivery: April 25, 2019; 9:30 a.m., New York City time Closing Location: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ 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 ▇.▇. ▇▇▇▇▇▇ Securities LLC ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o Morgan ▇▇▇▇▇▇▇ & Co. LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ c/o RBC Capital Markets, LLC ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ New York, New York 10281 Time of Sale: 3:00 p.m., New York City time, on the date of this Agreement