Common use of Payment of Notes Called for Redemption Clause in Contracts

Payment of Notes Called for Redemption. If notice of redemption has been given in the manner provided above, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the redemption date at the redemption price stated therein, together with accrued and unpaid interest to such redemption date, and on and after such date (unless the Company shall default in the payment of such Notes at the redemption price and accrued and unpaid interest to the redemption date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Notes), such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemed

Appears in 2 contracts

Sources: Indenture (Aurora Electronics Inc), Indenture (Cerplex Group Inc/De)

Payment of Notes Called for Redemption. If notice of redemption has been given in the manner provided above, the Notes or portion of Notes securities specified in such notice to be redeemed shall become due and payable on the redemption date Redemption Date at the redemption price Redemption Price stated therein, together with accrued and unpaid interest to such redemption dateRedemption Date, and on and after such date (unless the Company shall default in the payment of such Notes at the redemption price Redemption Price and accrued and unpaid interest to the redemption dateRedemption Date, in which case the principal, Principal until paid, paid shall bear interest from the Redemption Date at the rate prescribed in the Notes), such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemedsuch

Appears in 1 contract

Sources: Indenture (Wyndham Hotel Corp)

Payment of Notes Called for Redemption. If notice of redemption has been given in the manner provided above, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the redemption date Redemption Date at the redemption price Redemption Price stated therein, together with accrued and unpaid interest to such redemption dateRedemption Date, and on and after such date (unless the Company shall default in the payment of such Notes at the redemption price Redemption Price and accrued and unpaid interest to the redemption dateRedemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Notes), such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemed38 32

Appears in 1 contract

Sources: Indenture (Central European Media Enterprises LTD)

Payment of Notes Called for Redemption. If notice of redemption has been given in the manner provided above, the Notes or portion of Notes specified in such notice to be redeemed shall become due and payable on the redemption date Redemption Date at the redemption price Redemption Price stated therein, together with accrued and unpaid interest to such redemption dateRedemption Date, and on and after such date (unless the Company shall default in the payment of such Notes at the redemption price Redemption Price and accrued and unpaid interest to the redemption dateRedemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Notes), such Notes shall cease to accrue interest. Upon surrender of any Note for redemption in accordance with a notice of redemption, such Note shall be paid and redeemedto

Appears in 1 contract

Sources: Indenture (Time Warner Telecom Inc)