Common use of Securities Redeemed or Purchased in Part Clause in Contracts

Securities Redeemed or Purchased in Part. Subject to the rules of the Depositary with respect to any Global Security, any Security of any series which is to be redeemed or purchased only in part shall be surrendered to the Paying Agent at the office or agency maintained for such purpose pursuant to Section 10.2 (with, if the Company, the Security Registrar or the Trustee so requires, due endorsement by (or a written instrument of transfer in form satisfactory to the Company, the Security Registrar or the Trustee duly executed by), the Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of that series, of any authorized denomination as requested by such Holder in aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Security of that series so surrendered that is not redeemed or purchased.

Appears in 2 contracts

Sources: Indenture (Capital Automotive Reit), Indenture (Capital Automotive Reit)

Securities Redeemed or Purchased in Part. Subject to the rules of the Depositary with respect to any Global Security, any Any Security of any series which is to be redeemed or purchased only in part shall be surrendered to the Paying Agent at the office or agency maintained for such purpose pursuant to Section 10.2 1002 (with, if the Company, the Security Registrar or the Trustee so requires, due endorsement by (or a written instrument of transfer in form satisfactory to the Company, the Security Registrar or the Trustee duly executed by), ) the Holder thereof or such Holder’s 's attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of that series, of any authorized denomination as requested by such Holder in aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Security of that series so surrendered that is not redeemed or purchased.

Appears in 1 contract

Sources: Subordinated Indenture (Capital Automotive Reit)