Common use of Notice of Redemption to Noteholders Clause in Contracts

Notice of Redemption to Noteholders. Upon receipt of the notice set forth in Section 9.01, the Indenture Trustee shall provide telephonic notice thereof and a copy of such notice of redemption pursuant to Section 9.01 by courier delivery or certified mail, dispatched or mailed no later than the Business Day following the date on which such notice was provided, to each Noteholder whose Notes are to be redeemed, at his telephone number and address in the Note Register. All notices of redemption shall state: (a) the Redemption Date; (b) the Redemption Price; (c) that on the Redemption Date, the Redemption Price will become due and payable upon each such Note, and that interest thereon shall cease to accrue on such date; (d) the address at which Notes shall be delivered; and (e) the Redemption Record Date. Notice of redemption of Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer and shall be irrevocable. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Sources: Indenture (Nova Corp \Ga\), Indenture (Nova Corp \Ga\)