Provisions Required in Indenture Supplement Clause Samples
The "Provisions Required in Indenture Supplement" clause defines the mandatory terms and conditions that must be included in any supplement to an existing indenture agreement. This typically involves specifying additional covenants, representations, or obligations that apply to new series of securities issued under the indenture, ensuring consistency and compliance with the original agreement. By mandating these provisions, the clause ensures that all supplements maintain the integrity of the original indenture and address any unique requirements of new issuances, thereby preventing gaps or inconsistencies in the contractual framework.
Provisions Required in Indenture Supplement. Before the initial issuance of Notes of each Series, there shall also be established in or pursuant to an Indenture Supplement provision for:
(i) the Series designation;
(ii) the Initial Note Balance of such Series of Notes and of each Class, if any, within such Series, and the Maximum VFN Principal Balance for such Series (if it is a Series of Variable Funding Notes);
(iii) whether such Notes are subdivided into Classes;
(iv) whether such Notes are Term Notes or Variable Funding Notes;
(v) the Note Interest Rate at which such Series of Notes or each related Class of Notes will bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue;
(vi) the Expected Repayment Date and the Stated Maturity Date for such Series of Notes or each related Class of Notes;
(vii) any Target Amortization Events with respect to such Series of Notes or any related Class;
(viii) if applicable, the Target Amortization Amount for each related Class of such Series of Notes;
(ix) if applicable, the appointment by the Indenture Trustee of an Authenticating Agent in one or more places other than the location of the office of the Indenture Trustee with power to act on behalf of the Indenture Trustee and subject to its direction in the authentication and delivery of such Notes in connection with such transactions as will be specified in the provisions of this Indenture or in or pursuant to the applicable Indenture Supplement creating such Series;
(x) if such Series of Notes or any related Class will be issued in whole or in part in the form of a Global Note or Global Notes, the terms and conditions, if any, in addition to those set forth in Section 5.4, upon which such Global Note or Global Notes may be exchanged in whole or in part for other Definitive Notes; and the Depository for such Global Note or Global Notes (if other than the Depository specified in Section 1.1);
(xi) the subordination, if any, of such Series of Notes or any related Class(es) to any other Notes of any other Series or of any other Class within the same Series;
(xii) if such Series of Notes or any related Class is to have the benefit of any Derivative Agreement, the terms and provisions of such agreement;
(xiii) if such Series of Notes or any related Class is to have the benefit of any Supplemental Credit Enhancement Agreement or Liquidity Facility, the terms and provisions of the applicable agreement;
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Provisions Required in Indenture Supplement. Before the initial issuance of Notes of each Series, there shall also be established in or pursuant to an Indenture Supplement provision for:
(i) the Series designation;
(ii) the Initial Note Balance of such Series of Notes and of each Class, if any, within such Series, and the Maximum VFN Principal Balance for such Series (if it is a Series or Class of Variable Funding Notes);
(iii) whether such Notes are subdivided into Classes;
(iv) whether such Series of Notes are Term Notes, Variable Funding Notes or a combination thereof;
(v) the Note Interest Rate at which such Series of Notes or each related Class of Notes will bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue;
(vi) the Expected Repayment Date and the Stated Maturity Date for such Series of Notes or each related Class of Notes;
Provisions Required in Indenture Supplement. Before the initial issuance of Notes of each Series, there shall also be established in or pursuant to an Indenture Supplement provision for: