Common use of Redemption in Part Clause in Contracts

Redemption in Part. If fewer than all of the Series 8-3/4% Notes are to be redeemed, the Trustee will select the Series 8-3/4% Notes to be redeemed in principal amounts of $1,000 or integral multiples thereof by lot, pro rata or by another method the Trustee considers fair and appropriate. If a portion of a Holder's Series 8-3/4% Notes is selected for partial redemption and that Holder converts a portion of those Series 8-3/4% Notes prior to the applicable Redemption Date, the converted portion shall be deemed, solely for purposes of determining the aggregate principal amount of the Series 8-3/4% Notes to be redeemed by the Company, to remain outstanding and to be of the portion selected for redemption.

Appears in 1 contract

Sources: First Supplemental Indenture (Cd Radio Inc)

Redemption in Part. If fewer than all of the Series 86-3/41/2% Notes are to be redeemed, the Trustee will select the Series 86-3/41/2% Notes to be redeemed in principal amounts of $1,000 or integral multiples thereof by lot, pro rata or by another method the Trustee considers fair and appropriate. If a portion of a Holder's Series 86-3/41/2% Notes is selected for partial redemption and that Holder converts a portion of those Series 86-3/41/2% Notes prior to the applicable Redemption Date, the converted portion shall be deemed, solely for purposes of determining the aggregate principal amount of the Series 86-3/41/2% Notes to be redeemed by the Company, to remain outstanding and to be of the portion selected for redemption.

Appears in 1 contract

Sources: First Supplemental Indenture (Checkfree Holdings Corp \Ga\)