Substitute Obligations means a subordinated obligation issued (in substitution for the Initial Obligation or of Substitute Obligations or any additional obligation described in the definition of “Obligations”) by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of the Initial Obligation and a maturity that is perpetual or is not earlier than May 9, 2038 and terms otherwise substantially identical to those of the Initial Obligation, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of the Initial Obligation, the obligations of the new substitute obligor; provided, in each case, that (i) the Bank has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of Capital Payments on the Trust Preferred Securities or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and (ii) such substitution or replacement does not result in a Company Special Redemption Event or a Trust Special Redemption Event, and provided, further in each case that the Bank has obtained any required regulatory approvals.
Substitute Obligations means a subordinated obligation issued in substitution for this Security by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of this Security and a maturity that is perpetual or is not earlier than May 23, 2037 and terms otherwise substantially identical to those of this Security, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of this Security, the obligations of the new substitute obligor; provided, in each case, that (a) the Bank has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of Capital Payments on the Trust Preferred Securities issued by Deutsche Bank Contingent Capital Trust II (the “Trust Preferred Securities”), or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and (b) such substitution or replacement does not result in a Special Redemption Event, and provided, further in each case that the Bank has obtained any required regulatory approvals.
Substitute Obligations means any obligation issued in substitution for the Initial Obligation.
Examples of Substitute Obligations in a sentence
The Refunding Trustee is authorized and directed to hold uninvested cash and/or purchase and hold the Acquired Obligations (or Substitute Obligations) and to make the payments required to be made pursuant to each Refunding Plan pursuant to this resolution and the particular Refunding Plan.
The Refunding Trustee is authorized and directed to purchase the Acquired Obligations (or Substitute Obligations) and to make the payments required to be made pursuant to each Refunding Plan from the Acquired Obligations (or Substitute Obligations) and money deposited with the Refunding Trustee pursuant to this resolution and that particular Refunding Plan.
All Acquired Obligations (or Substitute Obligations) and money deposited with the Refunding Trustee and any income therefrom shall be held irrevocably, invested and applied in accordance with the provisions of Ordinance 5293, this ordinance, chapter 39.53 RCW and other applicable laws of the State, and the Refunding Trust Agreement.
The Refunding Trustee is authorized and directed to hold uninvested cash and/or purchase the Acquired Obligations (or Substitute Obligations) and to make the payments required to be made by the Refunding Plan from the Acquired Obligations (or Substitute Obligations) and money deposited with the Refunding Trustee pursuant to this ordinance.
If, concurrently with the initial deposit by the District with the Escrow Agent, any such Substitute Obligations are so substituted for any Escrowed Securities, the District may, at any time thereafter, substitute for such Substitute Obligations the same Escrowed Securities for which such Substitute Obligations originally were substituted.
More Definitions of Substitute Obligations
Substitute Obligations means a subordinated obligation issued (in substitution for the Initial Obligation or of Substitute Obligations or any additional obligation described in the definition of “Obligation”) by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of the Initial Obligation and a maturity that is not earlier than 15 May 2038 and terms otherwise substantially identical to those of the Initial Obligation, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of the Initial Obligation, the obligations of the new substitute obligor; provided, in each case, that such substitution or replacement does not result in a Company Special Redemption Event or a Trust Special Redemption Event, and provided, further that the Bank has obtained any required regulatory approvals.
Substitute Obligations. The meaning specified in Section 12.2(e).
Substitute Obligations means a subordinated obligation issued (in substitution for the Initial Obligation or of Substitute Obligations or any additional obligation as described in the definition of “Obligations”) by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of the Initial Obligation and a maturity that is perpetual or is not earlier than May 9, 2038 and terms otherwise substantially identical to those of the Initial Obligation, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of the Initial Obligation, the obligations of the new substitute obligor; provided, in each case, that (i) the Bank has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of Capital Payments on the Trust Preferred Securities or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and
Substitute Obligations means (i) prior to ___, 20_, a subordinated obligation issued (in substitution for the Initial Obligation or of Substitute Obligations) by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of the Initial Obligation and a maturity that is perpetual or is not earlier than ___, 20___and terms otherwise substantially identical to those of the Initial Obligation, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of the Initial Obligation, the obligations of the new substitute obligor and (ii) after ___, 20_, if Substitute Obligations pursuant to clause (i) are not available, United States Treasury securities; provided, in each case, that (a) the Company has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of Capital Payments on the Trust Preferred Securities or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and (b) such substitution or replacement does not result in a Company Special Redemption Event or a Trust Special Redemption Event, and provided, further in each case that the Bank has obtained any required regulatory approvals.
Substitute Obligations. The meaning specified in Section 12.2(b). “Successor Entity”: The meaning specified in Section 7.10(a).
Substitute Obligations means a subordinated obligation issued in substitution for this Security by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of this Security and a maturity that is perpetual or is not earlier than May 9, 2038 and terms otherwise substantially identical to those of this Security, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of this Security, the obligations of the new substitute obligor; provided, in each case, that (a) the Bank has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of capital payments on any of the Trust Preferred Securities issued by the Trust (the “Trust Preferred Securities”), or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and (b) such substitution or replacement does not result in a Special Redemption Event, and provided, further in each case that the Bank has obtained any required regulatory approvals.
Substitute Obligations means a subordinated obligation issued in substitution for this Security by the Bank or a Subsidiary with the same aggregate principal amount and interest rate and payment dates as those of this Security and a maturity that is perpetual or is not earlier than [ ] and terms otherwise substantially identical to those of this Security, provided, that unless the Bank itself is the issuer of the Substitute Obligations, the Bank (which may act through a branch) guarantees on a subordinated basis, at least equal to the ranking of this Security, the obligations of the new substitute obligor; provided, in each case, that (a) the Bank has received the written opinion of a nationally recognized law firm in the United States that reinvestment in such Substitute Obligation will not adversely affect the “qualified dividend income” eligibility for purposes of Section 1(h)(11) of the Internal Revenue Code of 1986, as amended (or any successor legislation), of capital payments on the Trust Preferred Securities, or cause the holders thereof to recognize gain or loss for U.S. federal income tax purposes and (b) such substitution or replacement does not result in a Special Redemption Event, and provided, further in each case that the Bank has obtained any required regulatory approvals.