Unsecured Indenture definition
Examples of Unsecured Indenture in a sentence
A Holder of an Unsecured Note may not use this Unsecured Indenture to prejudice the rights of another Holder of an Unsecured Note or to obtain a preference or priority over another Holder of an Unsecured Note.
In connection with the requisite percentages required under this Unsecured Indenture to exercise remedies, the Trustee shall be entitled to treat all outstanding Unsecured Notes equally irrespective of any Position Representation in determining whether the requisite percentage has been obtained with respect to the initial delivery of the Noteholder Direction.
Capitalized terms used herein without definition shall have the meanings assigned to them in the Unsecured Indenture.
The Trustee shall have no liability to the Issuer, any holder or any other Person in acting in good faith on an Unsecured Noteholder Direction or to determine whether any holder has delivered a Position Representation or that such Position Representation conforms with this Unsecured Indenture or any other agreement or whether or not any holder is a Regulated Bank.
The Issuer will pay interest on the Unsecured Notes (except defaulted interest) to the Persons who are registered Holders of Unsecured Notes at the close of business on January 15 and July 15 (whether or not a Business Day) immediately preceding the Interest Payment Date, even if such Unsecured Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Unsecured Indenture with respect to defaulted interest.