Retirement of Notes Sample Clauses
The "Retirement of Notes" clause defines the process by which issued notes are paid off and removed from circulation, effectively ending the issuer's obligations under those notes. This clause typically outlines the conditions under which notes can be retired, such as upon maturity, through early redemption, or via repurchase by the issuer. By specifying the mechanisms and timing for retiring notes, the clause ensures clarity for both issuers and noteholders regarding when and how the debt will be extinguished, thereby reducing uncertainty and managing financial risk.
Retirement of Notes. The Company shall not, and shall not permit any of its Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than by prepayment pursuant to paragraphs 4A, 4B or 4C or upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Notes of any Series held by any holder unless the Company or such Subsidiary or Affiliate shall have offered to prepay or otherwise retire or purchase or otherwise acquire, as the case may be, the same proportion of the aggregate principal amount of Notes of such Series held by each other holder of Notes of such Series at the time outstanding upon the same terms and conditions. Any Notes so prepaid or otherwise retired or purchased or otherwise acquired by the Company or any of its Subsidiaries or Affiliates shall not be deemed to be outstanding for any purpose under this Agreement, except as provided in paragraph 4E.
Retirement of Notes. The Company shall not, and shall not permit any of its Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than by prepayment pursuant to paragraph 4A or upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Notes held by any holder unless the Company, such Subsidiary or such Affiliate shall have offered to prepay or otherwise retire or purchase or otherwise acquire, as the case may be, the same proportion of the aggregate principal amount of Notes held by each other holder of Notes at the time outstanding upon the same terms and conditions. Any Notes so prepaid or otherwise retired or purchased or otherwise acquired by the Company or any of its Subsidiaries or Affiliates shall not be deemed to be outstanding for any purpose under this Agreement, except as provided in paragraph 4C.
Retirement of Notes. The Trust shall, upon retirement of the Notes, furnish to Financial Security a notice of such retirement, and, upon such retirement and the expiration of the term of the Note Policy, surrender the Note Policy to Financial Security for cancellation.
Retirement of Notes. The Company shall not, and shall not permit any of its Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than by prepayment pursuant to paragraph 4A, 4B or 4C or upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Notes of any Series held by any holder.
Retirement of Notes. The Company shall not, and shall not permit any of its Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than (i) by prepayment pursuant to paragraphs 4A or 4B or (ii) upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Notes held by any holder unless the Company or such Subsidiary or Affiliate shall have offered to prepay or otherwise retire or purchase or otherwise acquire, as the case may be, the same proportion of the aggregate principal amount of Notes held by each other holder of Notes at the time outstanding upon the same terms and conditions. Any Notes so prepaid or otherwise retired or purchased or otherwise acquired by the Company or any of its Subsidiaries or Affiliates shall not be deemed to be outstanding for any purpose under this Agreement, except as provided in paragraph 4D. In the event that (i) the Company at any time requests in writing the approval by the holders of the Notes of a merger, acquisition, recapitalization or reorganization, the consummation of which would result in an Event of Default or Default hereunder, and (ii) the Required Holders shall have failed to grant such approval within ninety (90) days of the date of such written request, then the Company may, subject to the terms of the first sentence of this paragraph 4E and simultaneously with the consummation of such prohibited transaction, prepay the Notes of the nonconsenting holders at 100% of the principal amount so prepaid plus interest thereon to the prepayment date and the Yield-Maintenance Amount, if any, with respect to such Note within one hundred fifty (150) days of the date of the written request.
Retirement of Notes. The Issuers shall not, and shall not permit any of their Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than by prepayment pursuant to paragraphs 4A, 4B, 4D or 4E or upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Notes held by any holder unless such Issuer or such Subsidiary or Affiliate shall have offered to prepay or otherwise retire or purchase or otherwise acquire, as the case may be, the same proportion of the aggregate principal amount of Notes held by each other holder of Notes at the time outstanding upon the same terms and conditions. Any Notes so prepaid or otherwise retired or purchased or otherwise acquired by the Issuers or any of their Subsidiaries or Affiliates shall be promptly canceled and shall not be deemed to be outstanding for any purpose under this Agreement.
Retirement of Notes. The Trustee shall direct the Collateral Agent to release such amounts held in the Special Proceeds Account and the Trustee shall apply such amounts from time to time to the payment (including any premium) of the principal on the Notes, at maturity or to the purchase thereof pursuant to a Special Proceeds Offer together with accrued interest, if any, required to be paid in connection with any such purchase or payment at maturity as the Company shall request, upon receipt by the Trustee of the following:
(a) a Board Resolution directing the application pursuant to this Section 9.05 of a specific amount of the Collateral and, in any case any such moneys are to be applied to payment, designating the Notes so to be paid and prescribing the method of purchase, the price or prices to be paid and the maximum principal (including any premium) amount of Notes of such Series to be purchased and any other provisions of this Indenture governing such purchase;
(b) an Officers' Certificate dated not more than five days prior to the date of the relevant application, stating that all conditions precedent and covenants herein and in the Security Agreement provided for relating to such application of the Collateral have been complied with; and
(c) an Opinion of Counsel stating that the documents and the amounts in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, in immediately available funds, if any, which have been or are therewith delivered to and deposited with the Collateral Agent or the Trustee, as the case may be, for the purposes of payment of the principal (including any premium) and interest on the Notes at maturity or to purchase thereof pursuant to a Special Proceeds Offer conform to the requirements of this Indenture and the Security Agreement and that all conditions precedent herein and in the Security Agreement provided for relating to such application of Collateral have been complied with. Upon compliance with the foregoing provisions of this Section 9.05, the Trustee shall apply funds released from the Collateral Accounts as directed and specified by such Board Resolution up to, but not exceeding, the principal amount (including any premium) of the Notes so paid or purchased together with accrued interest, if any, required to be paid in connection with any such purchase or payment at maturity. A Board Resolution expressed to be irrevocable directing the applicat...
Retirement of Notes. IOS Capital shall instruct the Indenture Trustee in writing, upon a retirement or other payment of all of the Notes, to surrender the Policy to the Insurer for cancellation.
Retirement of Notes. The Company shall not, and shall not permit any of its Subsidiaries or Affiliates to, prepay or otherwise retire in whole or in part prior to their stated final maturity (other than by prepayment pursuant to paragraphs 4A or 4B, upon exercise of the put option pursuant to paragraph 5E, or upon acceleration of such final maturity pursuant to paragraph 7A), or purchase or otherwise acquire, directly or indirectly, Term Notes held by any holder unless the Company or such Subsidiary or Affiliate shall have offered to prepay or otherwise retire or purchase or otherwise acquire, as the case may be, the same proportion of the aggregate principal amount of Term Notes held by each other holder of Term Notes at the time outstanding upon the same terms and conditions. Any Term Notes prepaid or otherwise retired or purchased or otherwise acquired by the Company or any of its Subsidiaries or Affiliates shall not be deemed to be outstanding for any purpose under this Agreement, except as provided in paragraph 4D.
Retirement of Notes. No Note Party will, and Issuer will not permit any of its Subsidiaries or any of the Note Parties to, directly or indirectly, offer to purchase or otherwise acquire any outstanding Notes except as permitted or required hereby.