General Terms and Conditions of the Junior Subordinated Debentures Clause Samples

The "General Terms and Conditions of the Junior Subordinated Debentures" clause sets out the foundational rules and provisions that govern the issuance, management, and obligations related to junior subordinated debentures. It typically covers aspects such as payment terms, interest rates, subordination hierarchy, and the rights of debenture holders in relation to other creditors. For example, it may specify that these debentures rank below senior debt in the event of liquidation, and outline procedures for interest payments or deferral. The core function of this clause is to provide a clear framework for both the issuer and investors, ensuring all parties understand the rights, priorities, and obligations associated with these financial instruments.
General Terms and Conditions of the Junior Subordinated Debentures. There shall be and is hereby authorized a series of Securities designated the "9% Junior Subordinated Debentures Due 2025", limited in aggregate principal amount to the sum of (i) $1,115,000,000 plus (ii) a dollar amount equal to the principal amount of Junior Subordinated Debentures purchased by the Trust with the proceeds received by the Trust from the purchase by the Company of the Common Securities of the Trust, which amount shall be as set forth in any Company Order for the authentication and delivery of Junior Subordinated Debentures. The Junior Subordinated Debentures shall mature and the principal shall be due and payable together with all accrued and unpaid interest thereon, including Compounded Interest (as hereinafter defined), on December 31, 2025. 4
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General Terms and Conditions of the Junior Subordinated Debentures. 2.1 Designation and Principal Amount. There is hereby authorized one series of Debentures, to be designated the "___% Junior Subordinated Debentures due ___________, 20__," in the initial aggregate principal amount of $__________, which amount shall be as set forth in any written orders of the Company for the authentication and delivery of Junior Subordinated Debentures pursuant to Section 2.1 of the Base Indenture and Section 7.1 hereof. Additional Junior Subordinated Debentures without limitation as to amount, and without the consent of the holders of the then Outstanding Junior Subordinated Debentures, may also be authenticated and delivered in the manner provided in Section 2.1 of the Base Indenture. Any such additional Junior Subordinated Debentures will have the same Stated Maturity and other terms as those initially issued.
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General Terms and Conditions of the Junior Subordinated Debentures. Section 1.1. There shall be and is hereby authorized a series of Debentures designated the "___% Junior Subordinated Debentures Due 20___", limited in aggregate principal amount of $___ which is equal to the sum of (i) $___ plus (ii) $___ which is a dollar amount equal to the principal amount of Junior Subordinated Debentures purchased by the Trust with the proceeds received by the Trust from the purchase by Holdings of the Common Securities of the Trust, which amount shall be as set forth in any written order of Holdings for the authentication and delivery of Junior Subordinated Debentures. Upon exercise of the overallotment option set forth in the Underwriting Agreement (as defined in the Declaration of Trust), additional Junior Subordinated Debentures in the aggregate principal amount of up to $o may be executed by Holdings and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Debentures to or upon the written order of Holdings, which order shall be accompanied by evidence satisfactory to the Trustee that the overallotment option has been exercised. The Junior Subordinated Debentures shall mature and the principal shall be due and payable together with all accrued and unpaid interest thereon, including Compounded Interest (as hereinafter defined) on __________, 20___. (a) The Junior Subordinated Debentures shall be issued in fully registered certificated form without interest coupons. Principal and interest on the Junior Subordinated Debentures issued in certificated form will be payable, the transfer of such Junior Subordinated Debentures will be registrable and such Junior Subordinated Debentures will be exchangeable for Junior Subordinated Debentures bearing identical terms and provisions at the office or agency of Holdings in the Borough of Manhattan, The City and State of New York; provided, however, that payment of interest may be made at the option of Holdings by check mailed to the registered holder at such address as shall appear in the Debenture register and that the payment of principal with respect to the Junior Subordinated Debentures will only be made upon surrender of the Junior Subordinated Debentures to the Trustee. (b) In connection with a Dissolution Event; (i) Junior Subordinated Debentures in certificated form may be presented to the Trustee by the Institutional Trustee in exchange for a Global Debenture representing the Junior Subordinated Debentures in an...
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General Terms and Conditions of the Junior Subordinated Debentures 
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Related to General Terms and Conditions of the Junior Subordinated Debentures

  • General Terms and Conditions of the Notes Section 201.

  • TERMS AND CONDITIONS OF THE NOTES The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • Reliance by Holders of Senior Indebtedness on Subordination Provisions (a) Each Holder by accepting a Security of any series acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Senior Indebtedness of the Issuer, whether such Senior Indebtedness was created or acquired before or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness and such holder of such Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness. (b) Without in any way limiting the generality of paragraph (a) of this Section, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders, without incurring responsibility to the Holders and without impairing or releasing the subordination provided in this Article Four or the obligations hereunder of the Holders to the holders of Senior Indebtedness, do any one or more of the following: (1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (3) release any Person liable in any manner for the collection of Senior Indebtedness; and (4) exercise or refrain from exercising any rights against the Issuer, any Guarantor or any other Person.