Usa "indenture" in una frase
indenture frasi di esempio
indenture
indentured
indentures
1. In 1702, the two companies were, in some measure, united by an indenture tripartite, to which the queen was the third party ; and in 1708, they were by act of parliament, perfectly consolidated into one company, by their present name of the United Company of Merchants trading to the East Indies
2. The leaders fear exposure for helping “victims” that the leaders in fact manufacture and indenture to serve themselves
3. an indenture and a hole for the bathroom and another indenture in
4. thus his only indenture
5. explored around the corner he discovered and indenture in the rock wall that was
6. For more detailed information regarding a bond contract the analyst should consult the indenture (or deed of trust), a copy of which may be obtained or inspected at the office of the trustee
7. Trustees under mortgages may have information required to be supplied by the terms of the indenture
8. In view of the severe decline in market price almost invariably associated with receivership, the mere fact that the investor must have recourse to his indenture indicates that his investment has been unwise or unfortunate
9. But in the case of the collateral-trust issues of investment companies, a development of recent years, the holder may be said to have a primary interest in the market value of the pledged securities, so that it is quite possible that by virtue of the protective conditions in the indenture, he may be completely taken care of under conditions which mean virtual extinction for the stockholders
10. For it makes little practical difference whether the portfolio is physically pledged with a trustee, as under a collateral-trust indenture, or whether it is held by the corporation subject to the claim of the debenture bondholders
11. It made possible and compelled the repurchase by the company of more than three-quarters of the issue, and it even forced the stockholders to contribute additional capital to make good a deficiency of assets below the indenture requirements
12. Indenture or Charter Provisions Designed to Protect Holder of Senior Securities
13. The contract between a corporation and the owners of its bonds is contained in a document called the indenture or deed of trust
14. As perfected by the Chandler Act and the Trust Indenture Act of 1939, the new procedure for other than railroad companies includes the following additional important points:3
15. As distinct from reorganization procedure proper, the Trust Indenture Act prescribes a number of requirements for trustees acting under bond indentures
16. Our suggestion falls into two parts: First, voting control by bondholders would, by the terms of the indenture, constitute the sole immediate remedy for any event of default, including nonpayment of interest or principal
17. Secondly, this voting control could best be implemented through the indenture trustee—a large and financially experienced institution, which is competent to represent the bondholders generally and to recommend to them suitable candidates for the controlling directorships
18. 6 Furthermore, many indentures covering fixed-interest bonds now provide for a vote by bondholders on amendments to the indenture
19. 7 It is also common for Canadian trust indentures to provide for meetings of bondholders in order to amend the terms of the indenture, including even the postponement or change of interest or principal payments
20. Not the least important of the remedial legislation enacted since 1933 is the “Trust Indenture Act of 1939
21. The chief criticism of the behavior of indenture trustees in the past is that they did not act as trustees at all but merely as agents of the bondholders
22. (c) The indenture to be qualified shall contain provisions requiring the indenture trustee to exercise in case of default (as such term is defined in the indenture) such of the rights and powers vested in it by such indenture, and to use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs
23. A further cause of complaint arose from the fact that the indenture trustee has frequently been a creditor of the obligor (e
24. The Trust Indenture Act of 1939 contains stringent provisions designed to terminate these abuses
25. Reform in the status of indenture trustees may lead to a solution of the vexing problem of the protective committee
26. The whole procedure might readily be clarified and standardized now that the trustee under the indenture is expected to assume the duty of actively protecting the bond issue
27. This criterion should ordinarily be set up in the indenture itself, so that the bondholder will be entitled to the maintenance of a satisfactory ratio throughout the life of the issue and to an adequate remedy if the figure declines below the proper point
28. But this attitude would mean that the provision in question should never have been included in the indenture
29. Failure to make a sinking-fund payment is regularly characterized in the indenture as an event of default, which will permit the trustee to declare the principal due and thus bring about receivership
30. The objections to this “remedy” are obvious, and we can recall no instance in which the omission of sinking-fund payments, unaccompanied by default of interest, was actually followed by enforcement of the indenture provisions
31. The success of a bond investment depends primarily upon the success of the enterprise and only to a very secondary degree upon the terms of the indenture
32. Hence the seeming paradox that the senior securities that have fared best in the depression have on the whole quite unsatisfactory indenture or charter provisions
33. (Canada), provided that the Indenture Trustee of the 5½s due 1949 (later extended to 1958) would exercise effective control of the company by ownership (in trust) of 2 out of 3 management or voting shares
34. The Industrial Rayon First 4½s, due 1948, are unusual in that the indenture permits a two-thirds vote of bondholders to postpone interest payments
35. 14 The remedial legislation was an outgrowth of a trust indenture study made by the S
36. The judge held that the exculpatory clauses saved the trustee in this case but that the whole system of indenture trusteeship was in need of radical reform
37. Characteristically, the reason given by the company itself for this move was not that the bondholders were entitled to some remedial action but that the “technical default under the indenture” interfered with projected bank borrowings by the company
38. 7 Another type of remedy appeared in the indenture securing the Reynolds Investing Company 5s, which provided that if at any time the net value of the assets should fall below 110% of the bond issue, the latter should be due and payable on the next interest date
39. Yet the indenture provided that failure to maintain this margin would not constitute an event of default but would result only in the prohibition of dividends and in the impounding by the trustee of the income from the pledged collateral
40. 15, 1933, by a provision in the indenture for that issue prohibiting the exercise of the company’s option in case dividends on the $5
41. Two groups of professionals that provide truly essential services, yet seem to be grossly undercompensated are auditors and indenture trustees
42. Then, either the indenture trustee, or usually 25 percent of the subordinated creditors, can accelerate the debt, declaring it due and payable
43. corporate bonds before the Trust Indenture Act of 1939, true in the 1960s when small companies went public, true in the 1970s and 1980s when tax-sheltered limited partnerships were all the rage, true in the 1990s for analysts recommending common stocks of companies in emerging markets with virtually nonexistent document disclosure requirements, and true in the 2000s when institutions bought AAA rated residential mortgage-backed securities
44. These rights to money payments for most publicly traded debt instruments exist because of the provisions of Section 316 of the Trust Indenture Act of 1939 (TIA), the provisions of the typical indenture issued for publicly traded bonds, and the provisions of typical loan agreements protecting institutional lenders such as commercial banks
45. Notwithstanding any other provision of the indenture to be qualified, the right of any holder of any indenture security to receive payment of the principal of and interest on such indenture security, on or after the respective due dates expressed in such indenture security, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or effected without the consent of such holder
46. The indenture for Home Products International, Inc
47. Relevant language in the Home Products indenture follows:
48. Amendments with consent of Holders: The Company, the Subsidiary Guarantors and the Trustee may amend this Indenture or the Securities without notice to any Security holder but with the written consent of the Holders of at least a majority in principal amount of the Securities
49. (4) reduce the premium payable upon the redemption or repurchase of any Security or change the time at which any Security shall be redeemed or repurchased in accordance with this Indenture;
50. Even if an original bond indenture prohibits the issuance of senior debt, that provision can be abrogated by the consent of the requisite amount of bonds: in the case of Home Products International, “the written consent of the Holders of at least a majority in principal amount of the Securities” (Section 9
1. He neglected to mention indentured cleaning
2. In one northeaster state, for example, the State Supreme Court has reintroduced a form of indentured servitude on its citizens
3. Living conditions of indentured laborers from India was horrible
4. Later an epidemic of plague broke out among the poor Indian indentured laborers
5. Gāndhi was prepared to go to jail for gaining rights for the Indian indentured laborers
6. conscripted them as indentured slaves
7. Then he asked, "Do the indentured servants own stock in your company?"
8. Sailors stood on guard at intervals, though the indentured servants they watched were mostly shaking and clutching at the rail or each other, trying to keep from falling over
9. The indentured servants, weak as they were, found their legs and used them
10. In the early days of the American colonies, indentured servants and slaves were victims of the plantations, which had one main goal: to make money selling the fruits of what the land produced
11. “It has the space and water resources, but for those who go, it would mean indentured servitude, hard labor in exchange for room and board with three square meals a day,” Vivian remarked
12. ” I think he felt a little like an indentured slave
13. And as a chef, a culinary school graduate, what was I? A slave apprentice begging for indentured employment, conforming to an old world patriarchy, dressed in uniforms denoting status
14. the phantom pains of a perpetually indentured will
15. Gangs arise from economic inequality, not family breakdown, because the family has been broken by its indentured service to money
16. Why did Moses have to climb a mountain to receive Commandments from on high? Before the Semites became a race of indentured slaves for the Egyptian Pharaohs, their mystical God gave them insights from ordinary places in Nature
17. The British could not keep their indentured servants from fleeing their debt-slavery and refusing to pay back their masters for their investment in bringing them there in the first place, and supplying them with all their tools and wherewithal to live and work
18. Whether their indentured servants ran away or not, American culture would not have become a copy of European culture
19. How can you keep indentured servants slaving for years on your land: when they can run off to live and work their own land? The American aristocracy had no choice, but to let the lower classes have a nominal degree of citizenship
20. You can’t tell the difference between a white man that is free and one that is an indentured slave
21. Why are the male bastions of power in the boardrooms of American corporations so totally insulated from their own workers and customers? What surprise was it, that the original indentured servants working for their greedy masters in America, quit and ran away? Refusing to pay back their unfair indenture-loan… which was only a crude, obvious form of indentured-wage-slave servitude? So obviously unfair; that the servants knew they were being ripped-off and resented it fiercely
22. That they gave up 30 years of their own lives to work at the hardest physical labor out of love for their Ruler? Or spent every half-year working on Pyramids? By some system of enforced indentured contract? When it took them all year to work on their own fields to maintain their own farms? How idiotic can you be to even entertain such a notion?
23. And why were the Semites kept against their will as a race of indentured slaves there for 700 years? Oops
24. So they used their indentured servants to do it because nobody else wanted to do it
25. Then the indentured servants ran away
26. Except as a proof of status… that you were rich enough with indentured slaves to also have them dig for other stuff
27. And they used the same indentured servants to carry it across the baking hot deserts
28. With a social caste system that has refused to change for thousands of years; how else could they give any hope, or meaning to the indentured suffering of hundreds of serfs, slaves, untouchables, and vassals that were still living? What better way to stave off any possibility of social upheaval or rebellion, than to inculcate all its inhabitants into a religion that teaches and glorifies the resignation and acceptance of suffering… by giving them a pie-in-the-sky reason to become resigned to never being able to change their lot in life for better? Teaching the oppressed masses to become resigned to their suffering is basically, what all religions do
29. Israel’s so-called slavery was basically indentured servant hood
30. “I was indentured to him
31. I would expect as my indentured servant that you would be open with me about everything
32. Daemionis would hold her to her servitude, “Fine… but I stay as an indentured servant…”
33. Because the number of representatives was tied to population, states that had many slaves, indentured servants, and in some cases Native Americans wanted to count these people in the censuses, even though they were not voters
34. A youth was indentured, usually for five years, to be `Made a Man of and `Turned out fit to take a Position in any House'
35. Mort aux vaches, says Frank then in the French language that had been indentured to a brandyshipper that has a winelodge in Bordeaux and he spoke French like a gentleman too
1. “Not at all, here it is,” said the woman, showing a small key with several indentures, “does anybody have a copy of these keys?”
2. covenants in bond indentures restrict the use of assets and put other restrictions on the
3. Occasionally a girl of intelligence and spirit would insist on the fulfilment of the terms of her indentures, and sometimes the parents would protest
4. "Have you brought his indentures with you?" asked Miss Havisham
5. I took the indentures out of his hand and gave them to Miss Havisham
6. Here, in a corner my indentures were duly signed and attested, and I was "bound"; Mr
7. first working-day of my apprenticeship as in that after-time; but I am glad to know that I never breathed a murmur to Joe while my indentures lasted
8. The customary provisions require that interest be paid to the extent that income is available, but many indentures permit the directors to set aside whatever portion of the income they please for capital expenditures or other purposes, before arriving at the “available” balance
9. The more recent indentures (e
10. As distinct from reorganization procedure proper, the Trust Indenture Act prescribes a number of requirements for trustees acting under bond indentures
11. 6 Furthermore, many indentures covering fixed-interest bonds now provide for a vote by bondholders on amendments to the indenture
12. 7 It is also common for Canadian trust indentures to provide for meetings of bondholders in order to amend the terms of the indenture, including even the postponement or change of interest or principal payments
13. 13 Indentures have said practically nothing about the duties of a trustee but a great deal about his immunities and indemnification
14. ) Dealing first with mortgage bonds, we find that indentures almost always prohibit the placing of any new prior lien on the property
15. These bonds were originally unsecured, but the indentures provided that they should be equally secured with any mortgage subsequently placed upon the property
16. securities law or the terms contained in virtually all bond indentures and loan agreements
17. In connection with these voluntary exchange offers, the company frequently will seek consents from each creditor or security holder to delete or amend restrictive covenants in the indentures or agreements under which the instruments were issued
18. Issuers invariably attempt to coerce creditors in a voluntary exchange by seeking nonmonetary consents or amendments to the indentures or agreements under which the outstanding debt instruments were issued
19. This attempt failed because sophisticated investors acquired a sufficient dollar amount of credit instruments so that the required amendments to the indentures to permit the company to invade collateral or reduce seniority could not succeed
20. Most bond indentures and credit agreements restrict corporate actions that would impair liquidity in any way by setting minimum ratios that a business may not exceed
21. Can the authors of this bill imagine that those solemn obligations contained in indentures of apprenticeship, will dissolve and vanish under the charm of the bill? Can the fundamental principles of the constitution, rendering contracts sacred, be thus uprooted and destroyed? Can this bill deprive the master of his action, secured to him by the laws of the State, against the master or guardian for absence or desertion of the apprentice? Here is a most serious bearing upon the laws of the States, regulating this important relation