Common use of Debentures Payable on Redemption Date Clause in Contracts

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest) to the Redemption Date, PROVIDED, HOWEVER, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice Notice of redemption has having been given as provided in Section 11.3aforesaid, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (date, unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional InterestPayments)) , such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company (through the Trustee or the Paying Agent) at the applicable Redemption Price, including any together with accrued interest (and including any Additional InterestPayments) to the Redemption Date; provided, PROVIDEDhowever, HOWEVER, that installments any installment of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of or more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, Date for such installment of interest according to their the terms and the provisions of Section 3.7. In Upon surrender of any Debenture redeemed in part only, the event that any date on which any Redemption Price is payable is not a Business DayCompany shall execute and the Trustee shall authenticate and make available for delivery to the Holder thereof, then payment at the expense of the Redemption Price payable on such date will be made on Company, a new Debenture or Debentures, of authorized denominations, in aggregate principal amount equal to the next succeeding day which unredeemed portion of, and otherwise having the same terms as, the Debenture so surrendered. If a Global Debenture is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar yearso surrendered, such payment shall new Debenture will also be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Datenew Global Debenture. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in borne by the Debenture.

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest, if any) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest, if any)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest, if any) to the Redemption Date; provided, PROVIDED, HOWEVERhowever, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest, if any) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest, if any)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest, if any) to the Redemption Date; provided, PROVIDED, HOWEVERhowever, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one 57 of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest) to the Redemption Date, PROVIDEDprovided, HOWEVERhowever, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such -62- 70 payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If the giving of notice of redemption has shall have been given completed as provided in Section 11.31102 or 1104, the Debentures, or portions of Debentures so to be redeemed shall, on the Redemption Date, specified in such notice shall become due and payable on the date and at the Redemption Price therein specifiedplace stated in such notice at the applicable redemption price, including any together with interest accrued interest (and any Additional Interest) thereonto the date fixed for redemption, and from on and after such said date (unless the Company Corporation shall default in the payment of such Debentures at the Redemption Price or redemption price, together with any interest accrued to said date) interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest) to the Redemption Date, PROVIDED, HOWEVER, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture portions of Debentures so called for redemption shall not cease to accrue. On presentation and surrender of such Debentures at said place of payment in said notice specified, said Debentures or the specified portions thereof shall be so paid upon surrender thereof and redeemed by the Corporation at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. Upon presentation of any Debenture redeemed in part only and the Coupons appertaining thereto, the principal Corporation shall execute and any premium shallthe Trustee shall authenticate and deliver to or on the order of the Holder thereof, until paid, bear interest from the Redemption Date at the rate prescribed therefor expense of the Corporation, a new Debenture or Debentures and the Coupons appertaining thereto, of authorized denominations, in principal amount equal to the unredeemed portion of the Debenture so presented, or, in the Debenturecase of Debentures providing appropriate space for such notation, at the option of such holder the Trustee, in lieu of delivering a new Debenture or Debentures as aforesaid, shall make a notation thereon of the payment of the portion of the principal of such Debenture called for redemption.

Debentures Payable on Redemption Date. If any notice of redemption has been given as provided in Section 11.31204, the Debentures so or portion of Debentures with respect to be redeemed shall, on the Redemption Date, which such notice has been given shall become due and payable on the Redemption Date at the place or places stated in such notice and at the Redemption Price therein specified, including any together with accrued interest (and any Additional Interest) thereonto but excluding the Redemption Date, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any and accrued interest on (including any Additional Interest)interest) such Debentures shall cease to bear interest. Upon On presentation and surrender of any such Debenture for redemption Debentures at a place of payment in accordance with said noticenotice specified, such Debenture the said Debentures or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, including any together with accrued interest (and any Additional Interest) to but excluding the Redemption Date; provided, PROVIDED, HOWEVERhowever, that installments of interest on Debentures (including any Additional Interest) whose Stated Maturity corresponding Interest Payment Date is on or prior to the Redemption Date shall will be payable to the Holders of such Debentures, or one of or more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, record dates according to their terms and the provisions of Section 3.7307. In Upon presentation of any Debenture redeemed in part only, the event that any date on which any Redemption Price is payable is not a Business DayCompany shall execute and the Trustee shall authenticate and deliver to the Holder thereof, then payment at the expense of the Redemption Price payable on such Company, a new Debenture or Debentures, of authorized denominations, in aggregate principal amount equal to the unredeemed portion of the Debenture so presented and having the same date will be made on the next succeeding day which of issuance, Stated Maturity and terms. If a Global Security is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar yearso surrendered, such payment shall new Debenture will also be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Datenew Global Security. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium on such Debenture shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice Notice of redemption has having been given as provided in Section 11.3aforesaid, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, specified and from and after such date (unless the Company shall default in the payment of the Redemption Price or any Price, including accrued interest on (including any Additional Interest)interest) such Debentures shall cease to bear interestinterest and the Coupons shall, except to the extent provided below, be void. Upon surrender of any such Debenture for redemption in accordance with said such notice, together with all Coupons, if any, appertaining thereto maturing after the Redemption Date, such Debenture shall be paid by the Company at the Redemption Price, including any together with accrued and unpaid interest (and any Additional Interest) to the Redemption Date; provided, PROVIDED, HOWEVERhowever, that installments of interest on Definitive Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to only upon presentation and surrender of Coupons for such interest (at an office or agency outside the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay)United States, except that, if such Business Day is as otherwise provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment form of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption DateDefinitive Debenture set forth in Section 2.2(a)). If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium amount of such Debenture shall, until paid, bear interest from the Redemption Date at a rate of 8% per annum and each Debenture shall remain convertible into Common Stock until the rate prescribed therefor principal of such Debenture or portion thereof, as the case may be, shall have been paid or duly provided for. If any Definitive Debenture surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing after the Redemption Date, such Debenture may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing Coupons or the surrender of such missing Coupons may be waived by the Company and the Trustee or the Paying Agent or its agent, if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Debenture shall surrender to any Paying Agent any such missing Coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, however, that interest represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an office or agency located outside of the United States (except as otherwise provided in the Debentureform of Definitive Debenture set forth in Section 2.2(a)).

Debentures Payable on Redemption Date. If notice Notice of redemption has having been given as provided in Section 11.3aforesaid, the Debentures so to be redeemed shall, shall on the Redemption Date, Date become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any and accrued interest on (including any Additional Interest)interest) such Debentures shall cease to bear interestinterest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be void. Upon surrender of any such Debenture for redemption in accordance with said noticenotice together with all Coupons, if any, appertaining thereto maturing after the Redemption Date, such Debenture shall be paid by the Company at the Redemption Price, including any Price together with accrued interest (and any including Additional InterestPayments, if any) to the Redemption Date; provided, PROVIDED, HOWEVERhowever, that installments of interest on Bearer Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 10.2) and, unless otherwise specified as contemplated by Section 3.1, only upon presentation and surrender of Coupons for such interest; and provided, further, that, unless otherwise specified as contemplated by Section 3.1, installments of interest on Registered Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, Debentures or one of or more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In If any Bearer Debenture surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing after the event that any date on which any Redemption Price is payable is not a Business DayDate, then payment of such Debenture may be paid after deducting from the Redemption Price payable on an amount equal to the face amount of all such date will missing Coupons, or the surrender of such missing Coupon or Coupons may be made on waived by the next succeeding day which is a Business Day (Company and without the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any interest Paying Agent harmless. If thereafter the Holder of such Debenture shall surrender to the Trustee or other payment any Paying Agent any such missing Coupon in respect of any such delay), except that, if such Business Day is in which a deduction shall have been made from the next succeeding calendar yearRedemption Price, such payment Holder shall be made on entitled to receive the immediately preceding Business Dayamount so deducted; provided, with the same force and effect as if made on such date. Payment of the Redemption Price however, that interest represented by Coupons shall be made to payable only at an office or agency located outside the Holders United States (except as otherwise provided in Section 10.2) and unless otherwise specified as contemplated by Section 3.1 only upon presentation and surrender of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Datethose Coupons. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest) to the Redemption Date, PROVIDEDprovided, HOWEVERhowever, that installments of interest on Debentures whose Stated Maturity Interest Payment Date is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.

Debentures Payable on Redemption Date. If notice of redemption has been given as provided in Section 11.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company shall default in the payment of the Redemption Price or any accrued interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debenture for redemption in accordance with said notice, such Debenture shall be paid by the Company at the Redemption Price, including any accrued interest (and any Additional Interest) to the Redemption Date, PROVIDEDprovided, HOWEVERhowever, that installments of interest on Debentures whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one of more Predecessor Debentures, registered as such at the close of business on the relevant Regular Record Dates or Special Record Dates, as the case may be, according to their terms and the provisions of Section 3.7. In the event that any date on which any Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, with the same force and effect as if made on such date. Payment of the Redemption Price shall be made to the Holders of such Debentures as they appear on the Securities Register for the Debentures on the relevant record date, which shall be the date which is the fifteenth (15th) day (whether or not a Business Day) preceding such Redemption Date. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debenture.