Common use of Restrictions on Redemption Clause in Contracts

Restrictions on Redemption. Notwithstanding anything in this Article 12, no Notes may be redeemed by the Company on any date if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders thereof any Notes evidenced by Individual Securities held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been cancelled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: First Supplemental Indenture (Stillwater Mining Co /De/)

Restrictions on Redemption. Notwithstanding anything in this Article 12, no The Company may not redeem any Notes may be redeemed by the Company on any date if the principal amount of the Notes has been acceleratedaccelerated under Section 6.03, and such acceleration has not been rescinded, on or prior to such date the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders thereof any Notes evidenced by Individual Securities held by it during the acceleration of the Notes (except Except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes, or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been cancelledcanceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: First Supplemental Indenture (Echo Global Logistics, Inc.)

Restrictions on Redemption. Notwithstanding anything in this Article 12, no The Company may not redeem any Notes may be redeemed by the Company on any date if the principal amount of the Notes has been acceleratedaccelerated under Section 5.03, and such acceleration has not been rescinded, on or prior to such date the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders thereof any Notes evidenced by Individual Securities held by it during the acceleration of the Notes (except Except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes, or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been cancelledcanceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: First Supplemental Indenture (Wabash National Corp /De)

Restrictions on Redemption. Notwithstanding anything in this Article 12, no The Company may not redeem any Notes may be redeemed by the Company on any date if the principal amount of the Notes has been acceleratedaccelerated in accordance with the terms of the Indenture, and such acceleration has not been rescinded, on or prior to such date the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes evidenced by Individual Securities held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been cancelledcanceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: First Supplemental Indenture (Arbor Realty Trust Inc)