Redemption Generally. The Redemption Prices of Notes to be redeemed will be calculated assuming a 360-day year consisting of twelve 30-day months. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 15 days nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at such Holder’s current address appearing in the Security Register. Notice of redemption of the Notes will be given as provided in Section 4.4 of the Original Indenture otherwise. Unless the Company defaults in the payment of the Redemption Price, on and after the applicable Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption.
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Sources: Third Supplemental Indenture (Mohawk Industries Inc)
Redemption Generally. The Redemption Prices redemption prices of Notes to be redeemed will be calculated assuming a 360-day year consisting of twelve 30-day months. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 15 days nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at such Holder’s current address appearing in the Security Register. Notice of redemption of the Notes will be given as provided in Section 4.4 3.3 of the Original Indenture otherwiseIndenture. If the Company redeems less than all of the Notes, the Trustee will select, not more than 60 days prior to the redemption date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called by such method as the Trustee deems fair and appropriate in accordance with the procedures of the Depository Trust Company. Unless the Company defaults in the payment of the Redemption Priceredemption price, on and after the applicable Redemption Dateredemption date, interest will cease to accrue on the Notes or portions of the Notes called for redemption.
Appears in 1 contract
Sources: Supplemental Indenture (Westinghouse Air Brake Technologies Corp)