Common use of Partial Redemptions Clause in Contracts

Partial Redemptions. In case the Issuer is entitled to, and elects to, redeem less than all of the Notes, the Issuer shall redeem the Notes PRO RATA from each Noteholder (or as nearly PRO RATA as practicable). For all purposes of this Agreement, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.

Partial Redemptions. In case the Issuer is entitled to, and ------------------- elects to, redeem less than all of the Notes, the Issuer shall redeem the Notes PRO RATA pro rata from each Noteholder Holder (or as nearly PRO RATA pro rata as practicable). For all purposes of this Agreement, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.