Common use of Notice of Optional Redemption Clause in Contracts

Notice of Optional Redemption. Notice of intention to redeem any Debentures pursuant to Section 4.1 shall be given by or on behalf of the Issuer to the Holders of the Debentures that are to be redeemed not more than 60 days and not less than 30 days prior to the date fixed for redemption, in the manner provided in Section 15.2, except that redemption notices may be given more than 60 days prior to a redemption date if the notice is issued in connection with a satisfaction and discharge of this Indenture pursuant to Article 12. Notice to Beneficial Holders shall be given by notice published in newspapers in the manner provided for in Section 15.2. The notice of redemption shall state: (a) the redemption date; (b) the aggregate principal amount of Debentures called for redemption; (c) the redemption price; (d) if any Debenture is being redeemed in part, the portion of the principal amount of such Debenture that is to be redeemed and that, after the redemption date upon surrender of such Debenture, a new Debenture or Debentures in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Debenture; and (e) in the case of Debentures represented by a Global Certificate, that the redemption shall take place in such manner as may be agreed upon by the Depository, the Debenture Trustees and the Issuer.

Notice of Optional Redemption. Notice of intention to redeem any Debentures Notes pursuant to Section 4.1 shall be given by or on behalf of the Issuer to the Holders of the Debentures Notes that are to be redeemed not more than 60 days and not less than 30 days prior to the date fixed for redemption, in the manner provided in Section 15.212.2, except that redemption notices may be given more than 60 days prior to a redemption date if the notice is issued in connection with a satisfaction and discharge of this Indenture pursuant to Article 129. Notice to Beneficial Holders shall be given by notice published in newspapers in the manner provided for in Section 15.212.2. The notice of redemption shall state: (a) the redemption date; (b) the aggregate principal amount of Debentures Notes called for redemption; (c) the redemption price; (d) if any Debenture Note is being redeemed in part, the portion of the principal amount of such Debenture Note that is to be redeemed and that, after the redemption date upon surrender of such DebentureNote, a new Debenture Note or Debentures Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original DebentureNote; and (e) in the case of Debentures Notes represented by a Global Certificate, that the redemption shall take place in such manner as may be agreed upon by the Depository, the Debenture Trustees and the Issuer.