Common use of Selection of Senior Notes to be Redeemed Clause in Contracts

Selection of Senior Notes to be Redeemed. The Senior Notes shall be known and designated as the "Guaranteed Senior Secured Notes due 2008" of the Issuer. Their Stated Maturity shall be April 30, 2008, and they shall bear interest on their outstanding principal amount at the rate of 8% per annum, from the Issue Date (or if interest has already been paid or duly provided for on the Senior Notes, from the most recent Senior Note Interest Payment Date to which interest has been paid or duly provided for), payable quarterly in arrears, on each Senior Note Interest Payment Date in accordance with Section 2.09 (Payment; Interest Rights Preserved) until the principal thereof is paid or made available for payment. The Senior Notes will be redeemed in cash at their outstanding principal amount together with any other amounts due thereunder on their Stated Maturity, if not earlier redeemed pursuant to the provisions of this Indenture. All payments of principal, premium, if any, interest, Additional Amounts, if any, and any other amounts due on the Senior Notes shall be made in the Relevant Currency. Any amount of principal, premium, if any, interest and Additional Amounts, if any, on any Senior Note that is not paid when due shall, to the fullest extent lawful, accrue interest at a rate per annum equal to the Default Rate. Interest will be computed on the basis of a 360-day year of twelve 30-day months. In the event that any date for the payment of principal, premium, if any, interest or Additional Amounts, if any, on the Senior Notes is not a Business Day, such payment may be made on the next succeeding day that is a Business Day, and, other than with respect to any payment of principal or premium, if any (in which case interest shall accrue), no interest shall accrue or be payable on any such payment as a result of any such delay.

Selection of Senior Notes to be Redeemed. The If less than all of the Outstanding Senior Notes shall be known and designated as the "Guaranteed Senior Secured Notes due 2008" of the Issuer. Their Stated Maturity shall be April 30, 2008, and they shall bear interest on their outstanding principal amount at the rate of 8% per annum, from the Issue Date (or if interest has already been paid or duly provided for on the Senior Notes, from the most recent Senior Note Interest Payment Date are to which interest has been paid or duly provided for), payable quarterly in arrears, on each Senior Note Interest Payment Date in accordance with Section 2.09 (Payment; Interest Rights Preserved) until the principal thereof is paid or made available for payment. The Senior Notes will be redeemed in cash at their outstanding principal amount together with any other amounts due thereunder on their Stated Maturitytime, if not earlier redeemed pursuant to the provisions of this Indenture. All payments of principal, premium, if any, interest, Additional Amounts, if any, and any other amounts due on Trustee shall select the Senior Notes shall to be made redeemed among the Holders of the Senior Notes in compliance with the Relevant Currency. Any amount requirements of principal, premium, if any, interest and Additional Amountsthe principal national securities exchange, if any, on which the Senior Notes are listed or, if the Senior Notes are not so listed, on a pro rata basis, by lot or in accordance with any Senior Note that is not paid when due shall, to other method the fullest extent lawful, accrue interest at a rate per annum equal to the Default Rate. Interest will be computed on the basis of a 360-day year of twelve 30-day monthsTrustee considers fair and appropriate. In the event that any of partial redemption by lot, the particular Senior Notes to be redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption date by the Trustee from the outstanding Senior Notes not previously called for redemption. The Trustee shall promptly notify the payment Company in writing of principal, premium, if any, interest or Additional Amounts, if any, on the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes and portions of Senior Notes selected shall be in amounts of $1,000 or whole multiples of $1,000; except that if all of the Senior Notes of a Holder are to be redeemed, the entire outstanding amount of Senior Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption. In the event the Issuers are required to make an offer to redeem Senior Notes pursuant to Sections 3.09 and 4.10 hereof and the amount of the Net Proceeds from the Sale of Assets is not a Business Dayevenly divisible by $1,000, such payment may be made on the next succeeding day that is a Business Day, and, other than with respect Trustee shall promptly refund to any payment of principal or premium, if any (the Company at the address set forth in which case interest shall accrue), no interest shall accrue or be payable on any such payment as a result Section 10.02 hereof of any such delayremaining Net Proceeds.

Selection of Senior Notes to be Redeemed. The If less than all of the Outstanding Senior Notes shall be known and designated as the "Guaranteed Senior Secured Notes due 2008" of the Issuer. Their Stated Maturity shall be April 30, 2008, and they shall bear interest on their outstanding principal amount at the rate of 8% per annum, from the Issue Date (or if interest has already been paid or duly provided for on the Senior Notes, from the most recent Senior Note Interest Payment Date are to which interest has been paid or duly provided for), payable quarterly in arrears, on each Senior Note Interest Payment Date in accordance with Section 2.09 (Payment; Interest Rights Preserved) until the principal thereof is paid or made available for payment. The Senior Notes will be redeemed in cash at their outstanding principal amount together with any other amounts due thereunder on their Stated Maturitytime, if not earlier redeemed pursuant to the provisions of this Indenture. All payments of principal, premium, if any, interest, Additional Amounts, if any, and any other amounts due on Trustee shall select the Senior Notes shall to be made redeemed among the Holders of the Senior Notes in compliance with the Relevant Currency. Any amount requirements of principal, premium, if any, interest and Additional Amountsthe principal national securities exchange, if any, on which the Senior Notes are listed or, if the Senior Notes are not so listed, on a PRO RATA basis, by lot or in accordance with any Senior Note that is not paid when due shall, to other method the fullest extent lawful, accrue interest at a rate per annum equal to the Default Rate. Interest will be computed on the basis of a 360-day year of twelve 30-day monthsTrustee considers fair and appropriate. In the event that any of partial redemption by lot, the particular Senior Notes to be redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption date by the Trustee from the outstanding Senior Notes not previously called for redemption. The Trustee shall promptly notify the payment Company in writing of principal, premium, if any, interest or Additional Amounts, if any, on the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes and portions of Senior Notes selected shall be in amounts of $1,000 or whole multiples of $1,000; except that if all of the Senior Notes of a Holder are to be redeemed, the entire outstanding amount of Senior Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption. In the event the Issuers are required to make an offer to redeem Senior Notes pursuant to Sections 3.09 and 4.10 hereof and the amount of the Net Proceeds from the Sale of Assets is not a Business Dayevenly divisible by $1,000, such payment may be made on the next succeeding day that is a Business Day, and, other than with respect Trustee shall promptly refund to any payment of principal or premium, if any (the Company at the address set forth in which case interest shall accrue), no interest shall accrue or be payable on any such payment as a result Section 10.02 hereof of any such delayremaining Net Proceeds.