TCPL Sub Notes definition

TCPL Sub Notes means the junior subordinated unsecured notes of TCPL that may be issued from time to time in connection with offerings of Trust Notes and constituting a Trust Asset.
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TCPL Sub Notes means any notes, debentures or other instruments of indebtedness, which shall in each case constitute junior subordinated indebtedness of the Issuer, issued or to be issued under this Indenture for the time being outstanding and entitled to the benefits of this Indenture;
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Examples of TCPL Sub Notes in a sentence

  • TCPL hereby agrees to issue and deliver, or cause to be delivered, to the Trust, and the Trust hereby agrees to purchase, the TCPL Sub Notes in the manner and for the consideration described in this Agreement.

  • The Trust represents and warrants to TCPL that it is purchasing the TCPL Sub Notes as principal and is an “accredited investor” as defined in National Instrument 45-106 of the Canadian Securities Administrators.

  • This Agreement contains the entire agreement of the parties relating to the purchase of the TCPL Sub Notes by the Trust and there are no representations, warranties, covenants or other agreements relating to the subject matter of this Agreement except as stated or referred to in this Agreement.

  • The Issuer may, at its option, redeem all (but not less than all) of the TCPL Sub Notes - Series 2015-A upon the occurrence of a Tax Event on not less than 30 days nor more than 60 days prior notice to the Holders thereof, without the consent of the Holders.

  • If, however, the meeting is a serial meeting, a quorum shall consist of one or more Holders present in person or by proxy representing at least 25% in principal amount of the outstanding TCPL Sub Notes of each Series or part thereof especially affected as aforesaid.

  • The Holder of any TCPL Sub Notes - Series 2019-A of which a part only is purchased, upon surrender of such TCPL Sub Notes - Series 2019-A for payment, shall be entitled to receive, without expense to such Holder, one or more new TCPL Sub Notes - Series 2019-A for the unpurchased part so surrendered and the Trustee shall certify and deliver such new TCPL Sub Notes - Series 2019-A upon receipt of the TCPL Sub Notes - Series 2019-A so surrendered.

  • Exchanges of TCPL Sub Notes may only be made at the principal office of the Trustee in the City of Calgary, Alberta.

  • The TCPL Sub Notes - Series 2016-A to be redeemed shall be selected by the Trustee on a pro rata basis, disregarding fractions, according to the principal amount of the TCPL Sub Notes - Series 2016-A registered in the respective names of each Holder, or in such other manner as the Trustee may consider equitable, provided that such selection shall be proportionate (to the nearest minimum authorized denomination for the TCPL Sub Notes - Series 2016-A established pursuant to Section 2.3).

  • If less than all the TCPL Sub Notes of a Series are to be redeemed pursuant to section 3.1, the Issuer shall, at least 15 days prior to the date that notice of redemption is given, notify the Trustee of its intention to redeem the aggregate principal amount of such Series to be redeemed.

  • The TCPL Sub Notes - Series 2019-A are issuable only as fully registered TCPL Sub Notes - Series 2019-A in the denominations of $1,000 and integral multiples thereof.