Examples of Subordinated Note Issuer in a sentence
Upon the termination of any Extension Period and the payment of all amounts then due, the Subordinated Note Issuer may commence a new Extension Period, subject to the above requirements.
No Holder of Preferred Securities will be entitled to exercise directly against the Subordinated Note Issuer any other remedy available to the Property Trustee, as the record holder of the Subordinated Notes, unless the Property Trustee first fails to exercise such remedy.
If and to the extent that the Subordinated Note Issuer makes a payment of interest (including Additional Interest (as defined in the Indenture)), premium and/or principal on the Subordinated Notes held by the Property Trustee (the amount of any such payment being a "Payment Amount"), the Property Trustee shall and is directed, to the extent funds are available for that purpose, to make a distribution (a "Distribution") of the Payment Amount to Holders.
The Subordinated Note Issuer has the right under the Indenture to defer payments of interest by extending the interest payment period from time to time on the Subordinated Notes for a period not exceeding 20 consecutive quarters (each an "Extension Period"), provided that no Extension Period shall last beyond the date of -------- ---- maturity of the Subordinated Notes.
Prior to the termination of any such Extension Period, the Subordinated Note Issuer may further extend such Extension Period; provided -------- that such Extension Period together with all such previous and further ---- extensions thereof may not exceed 20 consecutive quarters or last beyond the date of maturity of the Subordinated Notes.
If and to the extent that the Subordinated Note Issuer makes a payment of interest (including Additional Interest (as defined in the Indenture)), premium and/or principal on the Subordinated Notes held by the Property Trustee (the amount of any such payment being a "Payment Amount"), the Property Trustee shall and is directed, to the extent funds are available for that purpose, to make a distribution (a "Distribution") of the Payment Amount to the Holders.
The Subordinated Note Issuer has the right under the Indenture to defer payments of interest by extending the interest payment period from time to time on the Subordinated Notes for a period not exceeding 20 consecutive quarters (each an "Extension Period"), provided that no Extension Period shall last beyond the date of maturity of the Subordinated Notes.
Prior to the termination of any such Extension Period (to the extent permitted by applicable law), the Subordinated Note Issuer may further extend such Extension Period; provided that such Extension Period together with all previous and such further extensions thereof may not exceed 20 consecutive quarters or last beyond the date of maturity of the Subordinated Notes.
Distributions are payable if and to the extent the Subordinated Note Issuer makes a payment of Additional Interest (as defined in the Indenture) upon the occurrence of certain events specified in the Indenture.
Prior to the termination of any such Extension Period, the Subordinated Note Issuer may further extend such Extension Period; provided that such Extension Period together with all such previous and -------- ---- further extensions thereof may not exceed 20 consecutive quarters or last beyond the date of maturity of the Subordinated Notes.