Common use of Unredeemed Portions of Partially Redeemed Note Clause in Contracts

Unredeemed Portions of Partially Redeemed Note. In the case of an Optional Redemption, upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes in any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided that each new Note will be in a principal amount of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof.

Appears in 2 contracts

Sources: Indenture (Pearson PLC), Indenture (Pearson PLC)

Unredeemed Portions of Partially Redeemed Note. In the case of an Optional Redemption, upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes in any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided that each new Note will be in a principal amount of U.S.$200,000 U.S.$100,000 and integral multiples of U.S.$1,000 in excess thereof.

Appears in 1 contract

Sources: Indenture (Pearson PLC)

Unredeemed Portions of Partially Redeemed Note. In the case of an Optional Redemption, upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes of the same series in any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided that each new Note will be in a principal amount of U.S.$200,000 U.S.$100,000 and integral multiples of U.S.$1,000 in excess thereof.

Appears in 1 contract

Sources: Indenture (Pearson PLC)

Unredeemed Portions of Partially Redeemed Note. In the case of an Optional Redemption, upon Upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall shall, upon receipt of a Company Order, authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes in Notes, of any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided provided, that each new Note will be in a principal amount of U.S.$200,000 and or an integral multiples multiple of U.S.$1,000 in excess thereof.

Appears in 1 contract

Sources: Indenture

Unredeemed Portions of Partially Redeemed Note. In the case of an Optional Redemption, upon Upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall shall, upon receipt of a Company Order, authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes in Notes, of any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided that each new Note will be in a principal amount of U.S.$200,000 and or an integral multiples multiple of U.S.$1,000 in excess thereof.

Appears in 1 contract

Sources: Indenture

Unredeemed Portions of Partially Redeemed Note. | In the case of an Optional Redemption, upon surrender of a Note that is to be redeemed in part, the Company and the Guarantor shall execute, and upon Company Order the Trustee shall authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes of the same series in any authorized denomination as requested by the Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered, provided that each new Note will be in a principal amount of U.S.$200,000 $1,000 and integral multiples of U.S.$1,000 $1,000 in excess thereof.

Appears in 1 contract

Sources: Indenture (Pearson PLC)