The Series of Notes Clause Samples
The "Series of Notes" clause defines and governs a group of promissory notes that are issued together as part of a single financing arrangement. This clause typically specifies that all notes within the series share common terms, such as maturity date, interest rate, and payment schedule, and may clarify how actions like amendments or defaults affect the entire series. Its core practical function is to ensure consistency and clarity across multiple notes issued in a single transaction, simplifying administration and reducing the risk of conflicting terms.
The Series of Notes. The following provisions of this Article Two are made pursuant to Section 301 of the Senior Indenture in order to establish and set forth the terms of the series of Securities described in Section 2.1.
The Series of Notes. SECTION 2.1. Title of the Securities. There shall be one series of Securities designated the "7.5% Notes due 2007" (the "Notes").
The Series of Notes. Section 2.01. Title of the Securities....................................................... 25 Section 2.02. Form And Dating............................................................... 25 Section 2.03. Aggregate Principal Amount.................................................... 26 Section 2.04. Principal Payment Date........................................................ 26 Section 2.05. Interest And Interest Dates................................................... 26 Section 2.06. Optional Redemption........................................................... 26 Section 2.07. Redemption with Proceeds of Public Equity Offering............................ 27 Section 2.08. Change Of Control Offer....................................................... 27 Section 2.09. Defeasance.................................................................... 30
The Series of Notes. 21 Section 2.01. Title of the Securities.................................................. 21 Section 2.02. Limitation on Aggregate Principal Amount and Additional Notes............ 21 Section 2.03. Interest and Interest Rate; Maturity Date of Notes....................... 21 Section 2.04. Form..................................................................... 22
The Series of Notes. The aggregate principal amount (except as provided in Section 2.08 of the Indenture) of Notes which may be authenticated and delivered according to the terms of this Supplemental Indenture No. 2 is specified in Section 2.2
The Series of Notes. SECTION 2.01. There shall be a series of Debt Securities designated the "Money Multiplier Notes (Zero Coupon) Due 1988" (the "Notes"). The Notes shall be Original Issue Discount Securities and shall be limited to $100,000,000 aggregate principal amount. The initial public offering price of each Note shall be 50% of its principal amount payable at maturity.
SECTION 2.02. The principal amount of the Notes shall be payable on January 4, 1988.
SECTION 2.03. There shall be no periodic payments of interest on the Notes.
SECTION 2.04. The Yield to Maturity on the Notes shall be 13.30% per annum, which Yield to Maturity shall be the rate of interest payable on any overdue principal of the Notes pursuant to Section 6.02 of the indenture. Interest on any such overdue principal shall be computed on the basis of a 360-day year of twelve 30-day months.
SECTION 2.05. The Places of Payment for the Notes shall be the City of Chicago, Illinois and the City of New York, New York. The Trustee and ▇▇▇▇▇▇ Guaranty Trust Company of New York shall be the paying agents for the Notes.
SECTION 2.06. The Notes shall be subject to redemption at the option of the Company at their principal amount at any time prior to maturity. The Company shall have no obligation to redeem, purchase or repay the Notes pursuant to any sinking fund.
SECTION 2.07. The Notes shall be issued in denominations of $1,000, $5,000, $25,000 and $100,000. In addition, Notes in certain denominations in excess of $100,000 shall be available to securities depositories registered as clearing agencies under the Securities Exchange Act of 1934.
SECTION 2.08. The amount which shall be payable upon declaration of acceleration of maturity pursuant to Section 6.01 of the Indenture or provable in bankruptcy pursuant to Section 6.02 of the Indenture shall be the initial public offering price of each Note plus the portion of the original issue discount attributable ratably on a daily basis to the period from the date of issue to the date of declaration. Upon payment of such amount following such acceleration or bankruptcy, all of the Company's obligations it in respect of payment of the principal of such Note shall terminate.
SECTION 2.09. The Notes shall be issued in bearer form, without coupon, and shall be transferable by delivery. The Company, the Trustee and the Authenticating Agent and co-paying agent may treat the bearer of a Note as the Holder and absolute owner thereof without regard to any notice to the contrary.
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The Series of Notes. Section 2.01. Title...........................................................................17 Section 2.02. Principal Amount................................................................18 Section 2.03.
The Series of Notes