Asset Sale Redemption. (a) Upon an Asset Sale Mandatory Redemption Event, the Company shall apply the applicable portion of the Excess Proceeds (as determined in accordance with clauses (1) or (2), as applicable, of Section 4.16(b)), if any, to redeem the Notes (an “Asset Sale Mandatory Redemption”) on or before the 20th Business Day following the Asset Sale Mandatory Redemption Event (the “Asset Sale Mandatory Redemption Date”) or as otherwise required by the applicable procedures of the Depository, at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the Issue Date or the most recent date to which interest has been paid or duly provided for on the Notes, as the case may be, to, but excluding, the Asset Sale Mandatory Redemption Date. (b) Upon a European Asset Sale Mandatory Redemption Event, the Company shall apply the applicable portion of the European Asset Sale Debt Repayment Amount (as determined in accordance with Section 4.16(c)) to redeem the Notes (a “European Asset Sale Mandatory Redemption”) on or before the 15th day (or if such day is not a Business Day on the immediately succeeding Business Day) following the European Asset Sale Mandatory Redemption Event (the “European Asset Sale Mandatory Redemption Date”) or as otherwise required by the applicable procedures of the Depository, at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the Issue Date or the most recent date to which interest has been paid or duly provided for on the Notes, as the case may be, to, but excluding, the European Asset Sale Mandatory Redemption Date. (c) In either of an Asset Sale Mandatory Redemption or a European Asset Sale Mandatory Redemption, if less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee or the Registrar in accordance with the customary procedures of the Depository, as applicable, not more than 5 days prior to the redemption date pro rata, and if the Depository prescribes no method of selection, then by lot or by any other method the Trustee or the Registrar, as applicable, in its sole discretion deems fair and appropriate; provided, however, that Notes will not be redeemed in an amount less than the minimum authorized denomination of $2,000. Notice of an Asset Sale Mandatory Redemption or a European Asset Sale Mandatory Redemption, as applicable, shall be sent to the Holders electronically or by first class mail, with a copy to the Trustee or the Registrar, as applicable, to each Holder of Notes to the address of such Holder appearing in the security register or otherwise in accordance with the procedures of the Depository not less than 5 days prior to the Asset Sale Mandatory Redemption Date or European Asset Sale Mandatory Redemption Date, as applicable, to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. On and after the Asset Sale Mandatory Redemption Date or European Asset Sale Mandatory Redemption Date, as applicable, interest will cease to accrue on Notes or portions thereof called for redemption. The Trustee shall not be liable for selection made by it under this clause (c). (d) Unless otherwise provided herein, any redemption pursuant to this Section 3.08 shall comply with Section 3.01 through Section 3.06 hereof.
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Samples: Indenture (Amc Entertainment Holdings, Inc.), Indenture (Amc Entertainment Holdings, Inc.), Indenture (Amc Entertainment Holdings, Inc.)
Asset Sale Redemption. (a) Upon an Asset Sale Mandatory Redemption Event, the Company shall apply the applicable portion of the Excess Proceeds (as determined in accordance with clauses (1) or (2), as applicable, of Section 4.16(b)), if any, to redeem the Notes (an “Asset Sale Mandatory Redemption”) on or before the 20th Business Day following the Asset Sale Mandatory Redemption Event (the “Asset Sale Mandatory Redemption Date”) or as otherwise required by the applicable procedures of the Depository, at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the Issue Date or the most recent date to which interest has been paid or duly provided for on the Notes, as the case may be, to, but excluding, the Asset Sale Mandatory Redemption Date.
(b) Upon a European Asset Sale Mandatory Redemption Event, the Company shall apply the applicable portion of the European Asset Sale Debt Repayment Amount (as determined in accordance with Section 4.16(c)) to redeem the Notes (a “European Asset Sale Mandatory Redemption”) on or before the 15th day (or if such day is not a Business Day on the immediately succeeding Business Day) following the European Asset Sale Mandatory Redemption Event (the “European Asset Sale Mandatory Redemption Date”) or as otherwise required by the applicable procedures of the Depository, at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the Issue Date or the most recent date to which interest has been paid or duly provided for on the Notes, as the case may be, to, but excluding, the European Asset Sale Mandatory Redemption Date.
(c) In either of an Asset Sale Mandatory Redemption or a European Asset Sale Mandatory Redemption, if less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee or the Registrar in accordance with the customary procedures of the Depository, as applicable, not more than 5 days prior to the redemption date pro rata, and if the Depository prescribes no method of selection, then by lot or by any other method the Trustee or the Registrar, as applicable, in its sole discretion deems fair and appropriate; provided, however, that Notes will not be redeemed in an amount less than the minimum authorized denomination of $2,000. Notice of an Asset Sale Mandatory Redemption or a European Asset Sale Mandatory Redemption, as applicable, shall be sent to the Holders electronically or by first class mail, with a copy to the Trustee or the Registrar, as applicable, to each Holder of Notes to the address of such Holder appearing in the security register or otherwise in accordance with the procedures of the Depository not less than 5 days prior to the Asset Sale Mandatory Redemption Date or European Asset Sale Mandatory Redemption Date, as applicable, to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. On and after the Asset Sale Mandatory Redemption Date or European Asset Sale Mandatory Redemption Date, as applicable, interest will cease to accrue on Notes or portions thereof called for redemption. The Trustee shall not be liable for selection made by it under this clause paragraph (c).
(d) Unless otherwise provided herein, any redemption pursuant to this Section 3.08 shall comply with Section 3.01 through Section 3.06 3.07 hereof.
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