Examples of Unrestricted Debentures in a sentence
Debentures may be issued either as Debentures which may be transferred only upon compliance with certain provisions set forth or referred to therein (hereinafter called "Commonly Registered Debentures") and Debentures which may be transferred upon compliance with the usual requirements for transfer of negotiable securities (hereinafter called "Unrestricted Debentures").
If temporary Commonly Registered Debentures or temporary Unrestricted Debentures, as the case may be, are issued, the Company will cause definitive Commonly Registered Debentures or definitive Unrestricted Debentures, as the case may be, to be prepared without unreasonable delay.
Commonly Registered Debentures may be exchanged for Unrestricted Debentures as provided in the form of Commonly Registered Debentures set forth in Section 202 and in Article Thirteen; except that no such exchange may be made after the Company shall have given notice of redemption of the Debentures as provided in Section 1202.
The Debentures are issuable in fully registered form, without coupons, either as Commonly Registered Debentures or as Unrestricted Debentures, in original denominations of $1,000 or any integral multiple of $1,000.
Upon surrender for cancellation of any one or more temporary Commonly Registered Debentures or temporary Unrestricted Debentures, as the case may be, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Commonly Registered Debentures or definitive Unrestricted Debentures, as the case may be, of authorized denominations.
The definitive Commonly Registered Debentures and Unrestricted Debentures shall be printed, lithographed or engraved or produced by any combination of these methods on steel engraved borders or may be produced in any other manner permitted by the rules of any securities exchange, all as determined by the officers executing the same, as evidenced by their execution thereof.
Unrestricted Debentures may be exchanged for Commonly Registered Debentures as provided in the form of Unrestricted Debenture set forth in Section 204 and in Article Fourteen.
All Debentures issued upon any transfer or exchange of Commonly Registered Debentures or Unrestricted Debentures pursuant to this Section 305 or pursuant to Article Thirteen or Fourteen, as the case may be, shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Commonly Registered Debentures or Unrestricted Debentures, as the case may be, surrendered upon such transfer or exchange.
At the option of the Holder, Commonly Registered Debentures and Unrestricted Debentures, as the case may be, may be exchanged for other Commonly Registered Debentures or Unrestricted Debentures, as the case may be, of any authorized denominations, of a like aggregate principal amount, as provided, respectively, in the form of Commonly Registered Debenture set forth in Section 202 and the form of Unrestricted Debenture set forth in Section 204.
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Commonly Registered Debentures and Unrestricted Debentures executed by the Company to the Trustee for authentication together with a Company Order for the authentication and delivery of such Debentures; and the Trustee shall authenticate and deliver such Commonly Registered Debentures and Unrestricted Debentures as in this Indenture provided and not otherwise.