Common use of Selection of Bonds to be Redeemed Clause in Contracts

Selection of Bonds to be Redeemed. Selection of the Bonds to be redeemed shall be made in such manner as the Trustee deems fair and reasonable, the particular Bonds to be redeemed to be selected by the Trustee not more than 12 or less than 7 days prior to the Redemption Date in the case of a redemption pursuant to Section 11.01, from the Outstanding Bonds not previously called for redemption by lot or pro rata or by such other methods as the Trustee shall deem fair and appropriate; provided, that the Trustee shall select Bonds for redemption in such manner that no single Bond to be Outstanding following redemption shall be in a denomination of less than $100,000. The Trustee shall notify the Issuer in writing of the Bonds selected for redemption and, in the case of any Bonds selected for partial redemption, the principal amount to be redeemed, on the same day on which the Holders of the Bonds are so notified. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Bonds shall relate, in the case of any Bond redeemed or to be redeemed only in part, to the portion of the principal of such Bond which has been or is to be redeemed.

Selection of Bonds to be Redeemed. Selection If less than all of the Bonds are to be redeemed at any time, the Trustee shall select the Bonds to be redeemed shall be made among the Holders of the Bonds in such manner as compliance with the requirements of the principal national securities exchange, if any, on which the Bonds are listed or, if the Bonds are not so listed, on a pro rata basis, by lot or in accordance with any other method the Trustee deems fair and reasonableappropriate. In the event of partial redemption by lot, the particular Bonds to be redeemed to shall be selected by the Trustee selected, unless otherwise provided herein, not less than 30 but not more than 12 or less than 7 60 days prior to the Redemption Date in redemption date by the case of a redemption pursuant to Section 11.01, Trustee from the Outstanding outstanding Bonds not previously called for redemption by lot or pro rata or by such other methods as the Trustee shall deem fair and appropriate; provided, that the Trustee shall select Bonds for redemption in such manner that no single Bond to be Outstanding following redemption shall be in a denomination of less than $100,000redemption. The Trustee shall promptly notify the Issuer Company in writing of the Bonds selected for redemption and, in the case of any Bonds Bond selected for partial redemption, the principal amount thereof to be redeemed, on the same day on which the Holders . Provisions of this Indenture that apply to Bonds called for redemption also apply to portions of the Bonds are so notifiedcalled for redemption. For all purposes of this Indenture, unless The Trustee shall notify the context otherwise requires, all provisions relating to the redemption of Bonds shall relate, in the case of any Bond redeemed or to be redeemed only in part, to the portion Company promptly of the principal Bonds or portions of such Bond which has been or is the Bonds to be redeemed.

Selection of Bonds to be Redeemed. Selection If fewer than all of the Bonds are to be redeemed shall pursuant to Section 3.01 of the Indenture or Section 6 of the Bonds, the selection of the Bonds for redemption will be made in by the Trustee on a pro rata basis, by lot or by such manner method as the Trustee deems may reasonably determine is fair and reasonable, appropriate (subject to the particular Bonds to be procedures of DTC); provided that no partial redemption will reduce the principal amount of a Bond not redeemed to be selected by the Trustee not more than 12 or less than 7 days prior to the Redemption Date in the case of a redemption pursuant to Section 11.01, from the Outstanding Bonds not previously called for redemption by lot or pro rata or by such other methods as the Trustee shall deem fair and appropriate; provided, that the Trustee shall select Bonds for redemption in such manner that no single Bond to be Outstanding following redemption shall be in a denomination of less than $100,000. The Trustee shall make the selection from the Bonds outstanding and not previously called for redemption and shall promptly notify the Issuer Company in writing of the Bonds selected for redemption and, in the case of any Bonds Bond selected for partial redemption, the principal amount at maturity thereof, to be redeemed, on the same day on which the Holders . If less than all of the Bonds are so notifiedto be redeemed at any time, the Trustee will select Bonds for redemption on a pro rata basis unless otherwise required by law or applicable stock exchange requirements. For all purposes Bonds in denominations of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Bonds shall relate, $100,000 in the case of any Bond redeemed or to principal amount at maturity may be redeemed only in part, whole. The Trustee may select for redemption portions (equal to the portion $100,000 in principal amount at maturity or any integral multiple thereof) of the principal of such Bond which has been or is Bonds that have denominations larger than $100,000. Provisions of this Indenture that apply to be redeemedBonds called for redemption also apply to portions of Bonds called for redemption.

Selection of Bonds to be Redeemed. Selection If less than all of the Bonds are to be redeemed at any time, the Trustee shall select the Bonds to be redeemed shall be made among the Holders of the Bonds in such manner as compliance with the requirements of the principal national securities exchange, if any, on which the Bonds are listed or, if the Bonds are not so listed, on a PRO RATA basis, by lot or in accordance with any other method the Trustee deems considers fair and reasonableappropriate. In the event of partial redemption by lot, the particular Bonds to be redeemed to shall be selected by the Trustee selected, unless otherwise provided herein, not less than 30 nor more than 12 or less than 7 60 days prior to the Redemption Date in redemption date by the case of a redemption pursuant to Section 11.01, Trustee from the Outstanding outstanding Bonds not previously called for redemption by lot or pro rata or by such other methods as the Trustee shall deem fair and appropriate; provided, that the Trustee shall select Bonds for redemption in such manner that no single Bond to be Outstanding following redemption shall be in a denomination of less than $100,000redemption. The Trustee shall promptly notify the Issuer in writing Company of the Bonds selected for redemption and, in the case of any Bonds Bond selected for partial redemption, the principal amount thereof to be redeemed. Bonds and portions of Bonds selected shall be in amounts of $100,000 or whole multiples of $1,000 in excess thereof; except that if all of the Bonds of a Holder are to be redeemed, on the same day on which entire outstanding amount of Bonds held by such Holder, even if not in the Holders amount of $100,000 or a multiple of $1,000 in excess thereof, shall be redeemed. Except as provided in the Bonds are so notified. For all purposes preceding sentence, provisions of this Indenture, unless the context otherwise requires, all provisions relating Indenture that apply to the Bonds called for redemption also apply to portions of Bonds shall relate, in the case of any Bond redeemed or to be redeemed only in part, to the portion of the principal of such Bond which has been or is to be redeemedcalled for redemption.