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

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed at any time, the Trustee will, subject to applicable law, select Notes for redemption as follows: (1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not listed on any national securities exchange, on a pro rata basis.

Appears in 4 contracts

Sources: First Supplemental Indenture (Mariner Energy Inc), Indenture (Mariner Energy Resources, Inc.), Indenture (Mariner Energy Inc)

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed at any time, the Trustee will, subject to applicable law, will select Notes for redemption as follows: (1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not listed on any national securities exchange, on a pro rata basis.

Appears in 4 contracts

Sources: Indenture (BMC, Ltd.), Indenture (Venoco, Inc.), Indenture (Tronox Inc)

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed at any time, the Trustee will, subject to applicable law, will select Notes for redemption as follows: (1a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2b) if the Notes are not listed on any national securities exchange, on a pro rata basisbasis (or, in the case of Global Notes, the Trustee will select Notes for redemption based on DTC’s method that most nearly approximates a pro rata selection).

Appears in 4 contracts

Sources: Indenture (Venoco, Inc.), Indenture (Venoco, Inc.), Indenture (DENVER PARENT Corp)

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed at any time, the Trustee will, subject to applicable law, will select Notes for redemption as follows: (1a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2b) if the Notes are not listed on any national securities exchange, on a pro rata basis.

Appears in 1 contract

Sources: Indenture (Venoco, Inc.)

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed at any time, the Trustee will, subject to applicable law, will select Notes for redemption as follows: (1a) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2b) if the Notes are not listed on any national securities exchange, on a pro rata basisbasis (or, in the case of Global Notes, the Trustee will select Notes for redemption based on DTC's method that most nearly approximates a pro rata selection).

Appears in 1 contract

Sources: Indenture (TexCal Energy (LP) LLC)