Common use of Notes Payable on Redemption Date Clause in Contracts

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e).

Appears in 2 contracts

Sources: Indenture (Golub Capital Investment Corp), Indenture (Golub Capital BDC, Inc.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right or obligation to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e).

Appears in 1 contract

Sources: Indenture (NewStar Financial, Inc.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, and from and after the Redemption Date such date (unless the Issuer Company shall default in the payment of the Redemption Prices and accrued interestPrice) all such Notes that are Notes shall cease to bear interest on interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Date. Upon final payment on a Note to be so redeemedPrice, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment Notes shall be made without presentation or surrender. Payments cancelled by the Trustee; provided, however, that installments of interest on Notes so to be redeemed which are payable whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, Notes or one or more predecessor Notes, Notes registered as such at the close of business on the relevant Regular Record Date according to the their terms and the provisions of Section 2.7(e)3.07. If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.

Appears in 1 contract

Sources: Indenture (Wheeler Real Estate Investment Trust, Inc.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having After notice has been given under Section 3.13(d) as aforesaidto the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Notes to be redeemed shall, on such Redemption Date in the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any amount identified in such notice of redemption pursuant to Section 9.4(c), shall become due and payable on the Redemption Date at the Redemption Prices therein specifiedPrice (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after the such Redemption Date (unless the Issuer there shall be a default in the payment of the Redemption Prices and accrued interestapplicable amount to be redeemed) all such Notes that are Notes principal amount shall cease to bear interest on interest. Upon surrender of any Notes for redemption in accordance with such notice, the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender Price of such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment Notes shall be made without presentation or surrenderpaid in accordance with Section 3.11(d). Payments of interest on If any Notes so to be redeemed which are payable on shall not be so paid, or prior shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance of such Notes shall continue to bear interest from the Redemption Date shall be payable until it is paid at the interest rate applicable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e).. 62

Appears in 1 contract

Sources: Master Indenture (Trinity Industries Inc)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e9.4(f) and the Issuer’s Co-Issuers' right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Secured Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Secured Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e). (b) If any Secured Note called for redemption shall not be paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest from the Redemption Date at the applicable Interest Rate for each successive Interest Accrual Period such Secured Note remains Outstanding; provided that the reason for such non-payment is not the fault of such Noteholder.

Appears in 1 contract

Sources: Supplemental Indenture (Garrison Capital Inc.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, and from and after the Redemption Date such date (unless the Issuer Company shall default in the payment of the Redemption Prices Price and accrued interest) all such Notes that are Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, together with any accrued interest on to the Redemption Date. Upon final payment on a Note to be so redeemed; provided, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided however, that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments installments of interest on Notes so to be redeemed which are payable whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date Dates therefor according to the their terms and the provisions of Section 2.7(e307. If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any), until paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Note.

Appears in 1 contract

Sources: Indenture (Callon Petroleum Co)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be so redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e2.8(e).

Appears in 1 contract

Sources: First Supplemental Indenture (Owl Rock Capital Corp)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be so redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e2.8(e).

Appears in 1 contract

Sources: Indenture and Security Agreement (Owl Rock Capital Corp)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e9.4(f) and the Issuer’s Co-Issuers’ right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Secured Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemedredeemed in full, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Secured Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Secured Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e). (b) If any Secured Notes called for redemption shall not be paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest from the Redemption Date at the applicable Interest Rate for each successive Interest Accrual Period such Secured Notes remains Outstanding; provided that the reason for such non-payment is not the fault of such Holder.

Appears in 1 contract

Sources: Indenture (AB Private Credit Investors Corp)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having After notice has been given under Section 3.13(d) hereof as aforesaidto the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Notes to be redeemed shall, on such Redemption Date in the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any amount identified in such notice of redemption pursuant to Section 9.4(c), shall become due and payable on the Redemption Date at the Redemption Prices therein specifiedPrice (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after the such Redemption Date (unless the Issuer there shall be a default in the payment of the Redemption Prices and accrued interestapplicable amount to be redeemed) all such Notes that are Notes principal amount shall cease to bear interest on interest. Upon surrender of any Notes for redemption in accordance with such notice, the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender Price of such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment Notes shall be made without presentation or surrenderpaid in accordance with Section 3.11(d). Payments of interest on If any Notes so to be redeemed which are payable on shall not be so paid, or prior shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance of such Notes shall continue to bear interest from the Redemption Date shall be payable until it is paid at the interest rate applicable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e).

Appears in 1 contract

Sources: Master Indenture (Trinity Industries Inc)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e9.4(c) and the Issuer’s Co-Issuers' right to withdraw any notice of redemption pursuant to Section 9.4(c9.4(b), become due and payable at the Redemption Prices therein specified, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer Applicable Issuers or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender, if the Trustee and the Applicable Issuers shall have been furnished such security or indemnity as may be required by them to save each of them harmless and an undertaking thereafter to surrender such certificate. Payments of interest on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e2.7(f).

Appears in 1 contract

Sources: Indenture (JMP Group Inc.)

Notes Payable on Redemption Date. (a1) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, and from and after the Redemption Date such date (unless the Issuer Company shall default in the payment of the Redemption Prices Price and any applicable accrued interest) all such Notes that are Notes shall cease not bear interest. Upon surrender of any such Note for redemption in accordance with said notice to bear the Trustee or a Paying Agent, such Note shall be paid by the Company at the Redemption Price, together with any applicable accrued interest on to the Redemption Date. Upon final payment on a Note to be so redeemed; provided, the Holder shall present and surrender such Note at the place specified in the notice however, that installments of redemption interest whose Stated Maturity is on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be redeemed which are payable on or prior to before the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Predecessor Notes, registered as such at the close of business on the relevant Record Date Dates according to the their terms and the provisions of Section 2.7(e)307. (2) If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate provided by the Note.

Appears in 1 contract

Sources: Indenture (Ingenior M.O. Schoyens Bilcentraler As)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) Date and assuming the Issuer’s right to withdraw satisfaction of any notice of redemption pursuant to Section 9.4(c)conditions precedent, become due and payable at the redemption price therein specified (together with accrued and unpaid interest to, but excluding, the Redemption Prices therein specifiedDate), and from and after the Redemption Date such date (unless the Issuer shall default in the payment of the Redemption Prices redemption price and accrued interest) all such Notes that are Notes shall cease to bear interest on interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Issuer at the redemption price, together with accrued and unpaid interest, if any, to, but excluding, the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment Notes shall be made without presentation or surrender. Payments canceled by the Trustee; provided, however, that installments of interest on Notes so to be redeemed which are payable whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Predecessor Notes, registered as such at the close of business on the relevant Record Date record dates according to the their terms and the provisions of Section 2.7(e)3.6. (b) If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.

Appears in 1 contract

Sources: Indenture (Great Ajax Corp.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e9.4(f) and the Issuer’s Issuers’ right to withdraw any notice of redemption pursuant to Section 9.4(c)) or the failure of any Refinancing to occur, become due and payable at the Redemption Prices therein specifiedwith respect thereto, and from and after the Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interestPrices) all such Notes that are Secured Notes shall cease to bear interest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that that, if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest and principal on Secured Notes so to be redeemed which are payable on any Business Day on or prior to the Redemption Date shall be payable to the Holders of such Secured Notes, or one or more predecessor Secured Notes, registered as such at the close of business on the relevant Record Date according to the terms and provisions of Section 2.7(e).

Appears in 1 contract

Sources: Indenture (Apollo Debt Solutions BDC)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaidprovided in Section 11.3, the Notes to be redeemed shall, on the applicable Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, Price and from and after the on such Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the portion of the Notes actually redeemed. On the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender Holders of such Note at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment Notes shall be made without presentation paid the Redemption Price pursuant to Section 11.4 or surrender. Payments otherwise; provided, however, that installments of principal and interest on Notes so to be redeemed which are payable due on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on the relevant Record Date Notes according to the their terms and the provisions of Section 2.7(e)3.7. (b) Installments of interest and principal due on or prior to a Redemption Date shall continue to be payable to the Holders of Notes called for redemption according to their terms and the provisions of Section 3.7. Except as otherwise specifically provided herein, the election of the related Note Co-Issuers to redeem their Note pursuant to this Section shall be evidenced by an Issuer Order authorizing payment of the Redemption Price on the Note to be redeemed from monies deposited into the related Co-Issuer Collection Account pursuant to Section 11.4 or otherwise available in accordance with this Security Agreement for the purpose of redeeming Notes.

Appears in 1 contract

Sources: Security Agreement (NexCen Brands, Inc.)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 Redemption having been given as aforesaidrequired pursuant to Sections 9.3 and 9.4, unless such notice is deemed to be withdrawn as provided in Section 9.2(c), the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, and from and after the Redemption Date (unless the Issuer shall default Default in the payment of the Redemption Prices and accrued interestPrice) all such Notes that are Notes shall cease to bear interest on the Redemption Dateinterest. Upon final payment on a Note to be so redeemedrepaid or redeemed in full, the Holder shall present and surrender such Note at the place specified in the notice of redemption repayment or Redemption on or prior to such Redemption Date; provided provided, however, that if there is delivered to the Co-Issuers or, as the case may be, the Issuer and the Trustee such security or indemnity as may be required by them to save such party each of them harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer Co-Issuers or the Trustee that the applicable Note has been acquired by a protected bona fide purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so If any Note to be redeemed which are payable on or prior to called for Redemption shall not be paid upon surrender thereof for Redemption, the principal thereof shall, until paid, bear interest from the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, registered as such at the close of business on applicable Note Interest Rate for each successive Interest Accrual Period the relevant Record Date according to the terms and provisions of Section 2.7(e)Note remains Outstanding.

Appears in 1 contract

Sources: Indenture (CBRE Realty Finance Inc)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, and the conditions, if any, set forth in such notice having been satisfied, the Notes or portions thereof so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, and from and after such date (unless, in the Redemption Date (unless case of an unconditional notice of redemption, the Issuer Company shall default in the payment of the Redemption Prices Price and accrued interest, if any) all such Notes that are Notes or portions thereof, if interest-bearing, shall cease to bear interest on interest. Upon surrender of any such Note for redemption in accordance with such notice, such Note or portion thereof shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date. Upon final payment on ; provided, however, that no such surrender shall be a Note to be so redeemed, the Holder shall present and surrender such Note at the place specified in the notice of redemption on or prior condition to such Redemption Datepayment if so specified as contemplated by Section 301 with respect to such Note; provided and provided, further, that if there is delivered except as otherwise specified as contemplated by Section 301 with respect to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments any installment of interest on Notes so to be redeemed any Note the Stated Maturity of which are payable installment is on or prior to the Redemption Date shall be payable to the Holders Holder of such NotesNote, or one or more predecessor Predecessor Notes, registered as such at the close of business on the relevant related Regular Record Date according to the terms of such Note and subject to the provisions of Section 2.7(e)307.

Appears in 1 contract

Sources: Indenture (For Senior Notes) (Carolina Power & Light Co)

Notes Payable on Redemption Date. Less than All Notes to be Redeemed (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaidprovided in Section 10.2, the Notes to be redeemed shall, on the applicable Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices therein specified, Price and from and after the on such Redemption Date (unless the Issuer shall default in the payment of the Redemption Prices and accrued interest) all such Notes that are Notes shall cease to bear interest on the portion of the Notes actually redeemed. On the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder Holders of such Notes shall present and surrender such Note at be paid the place specified in Redemption Price by the notice of redemption on or prior to such Redemption Date; provided that if there is delivered Trustee from funds available to the Issuer Trustee pursuant to Section 10.3, Section 13.2 or otherwise; provided, however, that installments of principal and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be redeemed which are payable due on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Notes, Notes registered as such at the close of business on the relevant Record Date Dates according to the their terms and the provisions of Section 2.7(e)3.7. (b) If the Holders of any Note called in whole or in part for redemption shall not be so paid, the principal amount thereof shall, until paid, continue to bear interest from the Redemption Date at the related Note Interest Rate until payment of principal is made. (c) If less than the principal amount of all Notes Outstanding is to be redeemed on any Redemption Date, Notes shall be redeemed pro rata from available funds as nearly as practicable in the judgment of the Trustee, observing in the process authorized denominations in accordance with Section 3.2 of this Indenture and shall be applied in installments of principal payable on the Notes in the reverse order of their maturity.

Appears in 1 contract

Sources: Indenture (Candies Inc)

Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Prices Price therein specified, specified and from on and after the Redemption Date such date (unless the Issuer Company shall default in the payment of the Redemption Prices and accrued interestPrice) all such Notes that are Notes shall cease to bear interest on interest, if any. Upon surrender of any such Note for redemption in accordance with such notice, such Note shall be paid by the Company at the Redemption Date. Upon final payment on a Note to be so redeemedPrice, the Holder shall present and surrender such Note at the place specified in the notice provided, however, that instalments of redemption on or prior to such Redemption Date; provided that interest, if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Noteany, then, in the absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such final payment shall be made without presentation or surrender. Payments of interest on Notes so to be redeemed which are payable whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more predecessor Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date according to the their terms and the provisions of Section 2.7(e)4.11. Interest accruing on or prior to the Redemption Date on Notes to be redeemed shall continue to be payable (to the extent not previously paid) (but without interest thereon, unless the Company shall default in the due payment or provision for payment thereof) to the Holders thereof according to their terms in the customary manner.

Appears in 1 contract

Sources: Trust Indenture (Bce Inc)