Common use of Selection by Trustee of Notes to Be Redeemed Clause in Contracts

Selection by Trustee of Notes to Be Redeemed. (a) If the Company is redeeming less than all of the Notes at any time, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Notes are listed or (b) if such Notes are not so listed, by lot or in accordance with the applicable procedures of the Depository; provided that no Notes of $2,000 or less shall be redeemed in part. (b) If any Note is to be redeemed in part only, any notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) A new Note in principal amount equal to the unredeemed portion of any Note redeemed in part shall be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due and payable on the date fixed for redemption. On and after the Redemption Date, unless the Company defaults in the redemption payment, interest shall cease to accrue on the Note or portions thereof called for redemption.

Appears in 5 contracts

Sources: Indenture (Kaiser Aluminum Corp), Indenture (Kaiser Aluminum Corp), Indenture (Kaiser Aluminum Corp)

Selection by Trustee of Notes to Be Redeemed. (a) If the Company is redeeming less than all of the Notes are to be redeemed at any time, selection of such Notes for redemption, will be made by the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange and DTC procedures, if any, on which such Notes are listed or (b) listed, or, if such Notes are not so listed, on a pro rata basis or by lot or such similar method in accordance with the applicable procedures of the DepositoryDTC; provided that no Notes of $2,000 or less shall be purchased or redeemed in part. (b) . Notices of purchase or redemption shall be mailed by first class mail, postage prepaid, at least 10 but not more than 60 days before the purchase or redemption date to each Holder to be purchased or redeemed at such Holder’s registered address. If any Note is to be purchased or redeemed in part only, any notice of purchase or redemption that relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased or redeemed. (c) . A new Note in principal amount equal to the unpurchased or unredeemed portion of any Note purchased or redeemed in part shall will be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due and payable on the date fixed for redemption. On and after the purchase or Redemption Date, unless the Company defaults in payment of the redemption paymentpurchase or Redemption Price, interest shall cease to accrue on the Note Notes or portions thereof purchased or called for redemption.

Appears in 2 contracts

Sources: Indenture (Aircastle LTD), Indenture (Aircastle LTD)

Selection by Trustee of Notes to Be Redeemed. (a) If the Company is redeeming less than all of the Notes at any time, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Notes are listed or (b) if such Notes are not so listed, by lot or in accordance with on a pro rata basis to the applicable procedures of the Depositoryextent practicable; provided that no Notes of $2,000 or less shall be redeemed in part. (b) If any Note is to be redeemed in part only, any notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) A new Note in principal amount equal to the unredeemed portion of any Note redeemed in part shall be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due and payable on the date fixed for redemption. On and after the Redemption Date, unless the Company defaults in the redemption payment, interest shall cease to accrue on the Note or portions thereof called for redemption.

Appears in 2 contracts

Sources: Indenture (Aleris Ohio Management, Inc.), Indenture (Aleris International, Inc.)

Selection by Trustee of Notes to Be Redeemed. (a) If the Company is redeeming less than all of the Notes at any time, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Notes are listed or (b) if such Notes are not so listed, by lot or in accordance with on a pro rata basis to the applicable procedures of the Depositoryextent practicable; provided that no Notes of $2,000 or less shall be redeemed in part. (b) If any Note is to be redeemed in part only, any notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) A new Note in principal amount equal to the unredeemed portion of any Note redeemed in part shall be issued in the name of the Holder thereof upon cancellation of the original Note. Subject to the second paragraph of Section 1106, Notes called for redemption become due and payable on the date fixed for redemption. On and after the Redemption Date, unless the Company defaults in the redemption payment, interest shall cease to accrue on the Note or portions thereof called for redemption.

Appears in 2 contracts

Sources: Indenture (Aleris Corp), Indenture (Aleris Corp)

Selection by Trustee of Notes to Be Redeemed. (a) If In the Company is redeeming event that less than all of the Notes are to be redeemed at any time, selection of the Notes for redemption will be made by the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange exchange, if any, on which such the Notes are listed or (b) or, if such the Notes are not so listedlisted on a national securities exchange, on a pro rata basis, by lot lot, or in accordance with by such other method as the applicable procedures of the DepositoryTrustee shall deem fair and appropriate; provided that no Notes of $2,000 (euro)1,000 principal amount or less shall be redeemed in part. (b) If any Note is to be redeemed in part only. Notwithstanding the foregoing, any notice redemption following a Public Equity Offering will be made on a pro rata basis or on as nearly a pro rata basis as practicable. The Trustee may select for redemption portions of the principal of the Notes that have denominations larger than (euro)1,000. The Trustee shall promptly notify the Company of the Notes selected for redemption that relates to such Note shall state and, in the portion case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. (c) A new Note in principal amount equal . For all purposes of this Indenture unless the context otherwise requires, provisions of this Indenture that apply to the unredeemed portion of any Note redeemed in part shall be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due and payable on the date fixed for redemption. On and after the Redemption Date, unless the Company defaults in the redemption payment, interest shall cease also apply to accrue on the Note or portions thereof of Notes called for redemption.

Appears in 1 contract

Sources: Indenture (Antenna Tv Sa)

Selection by Trustee of Notes to Be Redeemed. (a) If In the Company is redeeming less event of redemption of fewer than all of the Notes at any timeNotes, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Notes are listed or (b) if such Notes are not so listedpro rata, by lot or in accordance with such other manner as it shall deem fair and equitable, the applicable procedures of the Depository; provided that no Notes to be redeemed. No Notes of $2,000 1,000 or less shall be redeemed in part. (b) . Subject to the limitations described herein, the Notes will be redeemable in whole or in part upon not less than 30 nor more than 60 days' prior written notice, mailed by first class mail to a Holder's last address as it shall appear on the register maintained by the Registrar of the Notes. Notices of redemption may not be conditional. If any Note is to be redeemed in part only, any the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) . A new Note Note, in a principal amount equal to the unredeemed portion of any Note redeemed in part shall thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for After any redemption become due and payable on the date fixed for redemption. On and after the Redemption Datedate, unless the Company defaults shall default in the payment of the redemption paymentprice, interest shall will cease to accrue on the Note Notes or portions thereof called for redemption.

Appears in 1 contract

Sources: Indenture (Rural Metro of Ohio Inc)

Selection by Trustee of Notes to Be Redeemed. (a) If In the Company is redeeming event that less than all of the Notes are to be redeemed at any time, selection of such Notes for redemption will be made by the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange exchange, if any, on which such the Notes are listed or (b) or, if such the Notes are not so listedthen listed on a national securities exchange, on a pro rata basis, by lot or in accordance with by such method as the applicable procedures of the DepositoryTrustee shall deem fair and appropriate; provided that no Notes of a principal amount of $2,000 or less 1,000 shall be redeemed in part. (b) . If any Note is to be redeemed in part only, any notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) A a new Note in a principal amount equal to the unredeemed portion of any Note redeemed in part shall thereof will be issued in the name of the Holder holder thereof upon cancellation of the original Note. Notes called for redemption become due and payable on the date fixed for redemption. On and after the Redemption Date, unless if the Company defaults does not default in the redemption paymentpayment of the Redemption Price, interest shall will cease to accrue on the Note Notes or portions thereof called for redemption. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been or is to be redeemed.

Appears in 1 contract

Sources: Indenture (Galaxy Cable Inc)

Selection by Trustee of Notes to Be Redeemed. (a) If In the Company is redeeming less event of redemption of fewer than all of the Notes at any timeNotes, the Trustee shall select the Notes to be redeemed (a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Notes are listed or (b) if such Notes are not so listedpro rata, by lot or in accordance with such other manner as it shall deem fair and equitable, 51 46 the applicable procedures of the Depository; provided that no Notes to be redeemed. No Notes of $2,000 1,000 or less shall be redeemed in part. (b) . Subject to the limitations described herein, the Notes will be redeemable in whole or in part upon not less than 30 nor more than 60 days' prior written notice, mailed by first class mail to a Holder's last address as it shall appear on the register maintained by the Registrar of the Notes. Notices of redemption may not be conditional. If any Note is to be redeemed in part only, any the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. (c) . A new Note Note, in a principal amount equal to the unredeemed portion of any Note redeemed in part shall thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for After any redemption become due and payable on the date fixed for redemption. On and after the Redemption Datedate, unless the Company defaults shall default in the payment of the redemption paymentprice, interest shall will cease to accrue on the Note Notes or portions thereof called for redemption.

Appears in 1 contract

Sources: Indenture (Healthcor Holdings Inc)