Common use of Form of Redemption Notice Clause in Contracts

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, to each Holder of the Notes as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇’s address or facsimile number appearing in the Note Register. (b) All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2). (c) Notice of redemption of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, impair or affect the validity of the redemption of any other Note.

Appears in 92 contracts

Sources: Indenture (CarMax Auto Owner Trust 2025-4), Indenture (CarMax Auto Owner Trust 2025-4), Indenture (Carmax Auto Funding LLC)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile facsimile, mailed or transmitted promptly following receipt of notice from the Issuer on or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, Date to each Holder holder of the Notes applicable Class or Classes of Notes, as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇’s applicable Noteholder's address or facsimile number appearing in the Note Register. (b) . All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the such Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.23.02). (c) . Notice of redemption of the Notes Group I or Group II Notes, as applicable, shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure Failure to give notice of redemption, or any defect therein, to any Holder holder of any Note Group I or Group II Note, as the case may be, shall not, however, not impair or affect the validity of the redemption of any other Group I or Group II Note, as the case may be.

Appears in 3 contracts

Sources: Indenture (Keycorp Student Loan Trust 2002-A), Indenture (Keycorp Student Loan Trust 2001-A), Indenture (Key Bank Usa National Association)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) shall be given by the Indenture Trustee by facsimile or by first-class mail, postage prepaid, transmitted or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, Date to each Holder of the Notes Notes, as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇’s Holder's address or facsimile number appearing in the Note Register. (b) . All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and; (iii) that the Record Date otherwise applicable to such Redemption Date is not applicable and that payments shall be made only upon presentation and surrender of such Notes and the place where the such Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2).; and (civ) that interest on the Notes shall cease to accrue on the Redemption Date. Notice of redemption of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure Failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, not impair or affect the validity of the redemption of any other Note. (b) Prior notice of redemption under Sections 10.1(b) is not required to be given to Noteholders.

Appears in 3 contracts

Sources: Indenture (Franklin Receivables LLC), Indenture (TMS Auto Holdings Inc), Indenture (TMS Auto Holdings Inc)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section Section 10.1(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, to each Holder of the Notes as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇’s address or facsimile number appearing in the Note Register. (b) All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section Section 3.2). (c) Notice of redemption of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Sources: Indenture (CarMax Auto Owner Trust 2012-2), Indenture (CarMax Auto Owner Trust 2012-1)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, to each Holder of the Notes as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇’s address or facsimile number appearing in the Note Register. (b) All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2). (c) Notice of redemption of the Notes shall be given by the Indenture Trustee in the name and at the expense of the IssuerIssuer . Any failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Sources: Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile facsimile, mailed or transmitted promptly following receipt of notice from the Issuer on or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, Date to each Holder holder of the Notes applicable Class or Classes of Notes, as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇applicable Noteholder’s address or facsimile number appearing in the Note Register. (b) . All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the such Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.23.02). (c) . Notice of redemption of the Notes Group I or Group II Notes, as applicable, shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure Failure to give notice of redemption, or any defect therein, to any Holder holder of any Note Group I or Group II Note, as the case may be, shall not, however, not impair or affect the validity of the redemption of any other Group I or Group II Note, as the case may be.

Appears in 1 contract

Sources: Indenture (Keycorp Student Loan Trust 2003-A)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a10.01(b) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile facsimile, mailed or transmitted promptly following receipt on or prior to the applicable Redemption Date to each holder of notice from the Issuer applicable Class or Classes of Notes (with a copy to the Servicer pursuant to Section 10.1(aNote Registrar and the Paying Agent), but not no later than ten (10) 30 days prior to the applicable Redemption Date, to each Holder of the Notes as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇▇▇▇▇applicable Noteholder’s address or facsimile number appearing in the Note Register. (b) . All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the such Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.23.02). (c) . Notice of redemption of the Notes [Group I] or [Group II] Notes, as applicable, shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure Failure to give notice of redemption, or any defect therein, to any Holder holder of any Note [Group I] or [Group II] Note, as the case may be, shall not, however, not impair or affect the validity of the redemption of any other [Group I] or [Group II] Note, as the case may be.

Appears in 1 contract

Sources: Indenture (Key Consumer Receivables LLC)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) 10.01 shall be given by the Indenture Trustee Trust Administrator by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, Date to each Holder of the Notes Notes, as of the close of business on the second Record Date preceding the applicable Redemption Date, and to the Swap Counterparty with a copy to the Issuing Entity, the Indenture Trustee, the Owner Trustee, each Rating Agency and the Depositor, at such ▇▇▇▇▇▇entity’s address or facsimile number appearing in the Note Register. (b) Register or in the Swap Agreement, as applicable. All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the such Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer Issuing Entity to be maintained as provided in Section 3.23.02). (c) . Notice of redemption of the Notes shall be given by the Indenture Trustee Trust Administrator in the name and at the expense of the IssuerIssuing Entity. Any failure Failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, not impair or affect the validity of the redemption of any other Note.

Appears in 1 contract

Sources: Indenture (Fieldstone Mortgage Investment CORP)

Form of Redemption Notice. (a) Notice of redemption of the Notes under Section 10.1(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1(a), but not later than ten (10) days prior to the applicable Redemption Date, to each Holder of the Notes as of the close of business on the second Record Date preceding the applicable Redemption Date, at such ▇▇Ho▇▇▇▇’s address or facsimile number appearing in the Note Register. (b) All notices of redemption shall state: (i) the Redemption Date; (ii) the Redemption Price; and (iii) the place where the Notes are to be surrendered for payment of the Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2). (c) Notice of redemption of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Any failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not, however, impair or affect the validity of the redemption of any other Note.

Appears in 1 contract

Sources: Indenture (CarMax Auto Owner Trust 2015-4)