Common use of Partial Redemptions Clause in Contracts

Partial Redemptions. If only a portion of a Note is subject to redemption pursuant to Section 6.01 and such Note is converted in part, then the converted portion of such Note will be deemed to be from the portion of such Note that was subject to redemption. For purposes of the Notes, each reference to $2,000 in Section 3.02 of the Base Indenture will be deemed to be replaced with $1,000.

Appears in 2 contracts

Sources: Third Supplemental Indenture (Redwood Trust Inc), Second Supplemental Indenture (Redwood Trust Inc)