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

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 6 contracts

Sources: Senior Deferred Interest Notes Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc), Senior Subordinated Deferred Interest Notes Indenture (Winstar Communications Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date that is on or prior to the Redemption Date.

Appears in 6 contracts

Sources: Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, interest to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 2 contracts

Sources: Indenture (Nutritional Sourcing Corp), Indenture (Nutritional Sourcing Corp)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interestinterest (or original issue discount). Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company Issuer at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, PROVIDED that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date that is on or prior to the Redemption Date.

Appears in 1 contract

Sources: Indenture (GST Telecommunications Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given as provided in the manner provided aboveSection 14.04, the Securities or portion portions of Securities specified in with respect to which such notice to be redeemed has been given shall become due and payable on the Redemption Date date and at the place or places stated in such notice at the applicable Redemption Price stated thereinPrice, together with interest accrued interest to such Redemption Datethe date fixed for redemption (subject to the rights of holders of Securities on the close of business on a regular record date in respect of an Interest Payment Date occurring on or prior to the redemption date), and on and after such said date (unless the Company shall default in the payment of such Securities at the Redemption Price and Price, together with interest accrued to said date) interest to on the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or portions of Securities so called for redemption shall cease to accrue interestaccrue. Upon On presentation and surrender of any Security for redemption such Securities at a place of payment specified in accordance with a notice of redemptionsaid notice, such Security the said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Price, together with interest accrued interest, if any, thereon to the Redemption Date; provided, however, that installments date fixed for redemption (subject to the rights of interest whose Stated Maturity is holders of Securities on the close of business on a regular record date in respect of an Interest Payment Date occurring on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Dateredemption date).

Appears in 1 contract

Sources: Indenture (Puget Sound Energy Inc)

Payment of Securities Called for Redemption. If ------------------------------------------- notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 1 contract

Sources: Indenture (Icg Communications Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest interest, if any, to such Redemption Date, and on and after such date (unless the Company Holdings shall default in the payment of such Securities at the Redemption Price and accrued interest interest, if any, to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company Holdings at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 1 contract

Sources: Indenture (Silgan Holdings Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue 45 54 interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, interest to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 1 contract

Sources: Indenture (Teekay Shipping Corp)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities specified in such notice to be redeemed shall become due and payable on the Redemption Date applicable redemption date at the Redemption Price redemption price stated therein, together with accrued interest to such Redemption Dateredemption date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price redemption price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Priceapplicable redemption price, together with accrued interest, if any, to the Redemption Dateapplicable redemption date; providedPROVIDED, howeverHOWEVER, that installments of interest whose Stated Maturity if an Interest Payment Date is on or prior to a redemption date, the Redemption accrued interest payable on such Interest Payment Date shall be payable paid on such Interest Payment Date to the Holders Person in whose name the Security is registered as such at the close of business on the relevant Regular Record Date.

Appears in 1 contract

Sources: Indenture (BMCA Quakertown Inc.)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of 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 interest to such Redemption Dateredemption date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price redemption price and accrued interest to the Redemption Dateredemption date, in which case the principal, until paid, shall bear interest from the Redemption Date redemption date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Priceredemption price, together with accrued interest, if any, to the Redemption Dateredemption date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date redemption date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Daterecord date.

Appears in 1 contract

Sources: Indenture (Winstar Communications Inc)

Payment of Securities Called for Redemption. If notice of redemption any Redemption Notice has been given in respect of the manner provided aboveSecurities in accordance with Section 3.02, the Securities or portion of Securities specified in such notice to be redeemed shall become due and payable on the Redemption Date at the Redemption Price place or places stated therein, together with accrued interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment Redemption Notice and at the applicable Redemption Price. On presentation and surrender of such the Securities at the Redemption Price and accrued interest to place or places stated in the Redemption DateNotice, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest, if any, . (a) Prior to 10:00 a.m. New York City time on the Redemption Date; provided, howeverthe Company shall deposit with the Paying Agent or, that installments if the Company or a Subsidiary of interest whose Stated Maturity the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 2.06 an amount of cash (in immediately available funds if deposited on or prior the Redemption Date), sufficient to pay the Redemption Price of all of the Securities to be redeemed on such Redemption Date. Subject to receipt of funds by the Paying Agent, payment for the Securities to be redeemed shall be made on the Redemption Date shall be payable for such Securities. The Paying Agent shall, promptly after such payment and upon written demand by the Company, return to the Holders registered as such at Company any funds in excess of the close of business on the relevant Regular Record DateRedemption Price.

Appears in 1 contract

Sources: Indenture (Viavi Solutions Inc.)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities specified in such notice to be redeemed shall become due and payable on the Redemption Date at the Redemption Price stated thereinPrice, together with accrued interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest to but excluding the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record record date. If any Security with coupons attached thereto is surrendered for redemption and is not accompanied by all appurtenant coupons maturing after the Redemption Date, the surrender of such missing coupon or coupons may be waived by the Company and the Trustee, if there be furnished to each of them such security or indemnity as they may require to save each of them harmless.

Appears in 1 contract

Sources: Indenture (KCS Holdings I, Inc.)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, interest to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.. 87 82

Appears in 1 contract

Sources: Indenture (Pueblo Xtra International Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest to the Redemption Date, in which case the principalprincipal and Accumulated Interest Amount, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date that is on or prior to the Redemption Date.. 37

Appears in 1 contract

Sources: Indenture (GST Telecommunications Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company Issuer at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, PROVIDED that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date that is on or prior to the Redemption Date.

Appears in 1 contract

Sources: Indenture (GST Telecommunications Inc)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued 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 Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders registered as such at the close of business on the relevant Regular Record Date.

Appears in 1 contract

Sources: Senior Notes Indenture (Kansas City Southern)

Payment of Securities Called for Redemption. If notice of redemption has been given in the manner provided above, the Securities or portion of Securities 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 interest to such Redemption Date, and on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued interest to the Redemption Date, in which case the principal, principal until paid, paid shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities shall cease to accrue interest. Upon surrender of any Security for redemption in accordance with a notice of redemption, such Security shall be paid and redeemed by the Company Issuer at the Redemption Price, together with accrued interest, if any, interest to the Redemption Date; provided, however, provided that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders holders registered as such at the close of business on the relevant Regular Interest Record Date.

Appears in 1 contract

Sources: Indenture (Vitro Sa De Cv)