Common use of Debentures Payable on Redemption Date Clause in Contracts

Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest 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 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 together with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer Debentures whose Stated Maturity

Appears in 3 contracts

Samples: Indenture (Sun Healthcare Group Inc), Indenture (Sun Healthcare Group Inc), Indenture (Sun Healthcare Group Inc)

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Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture for redemption in accordance with said notice together with all Coupons, if any, appertaining thereto maturing after the Redemption Datenotice, such Debenture shall be paid by the Company at the Redemption Price together with accrued interest (including Additional Payments, if any) to the Redemption Date; providedsubject to the provisions of Section 3.1(d). If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, howeverthe principal and any premium shall, that installments of until paid, bear interest on Bearer Debentures whose Stated Maturity(including Additional Payments, if any) from the Redemption Date at the rate prescribed therefor in the Debenture.

Appears in 3 contracts

Samples: Exchange Agreement (Insignia Financial Group Inc /De/), Indenture (Qualicomm Financial Trust I), Indenture (Insignia Financing I)

Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture for redemption in accordance with said 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 together with accrued interest to the Redemption Date; provided, however, that that, unless otherwise specified as contemplated by Section 2.1, installments of interest on Bearer Registered Debentures whose Stated MaturityMaturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures or one or more Predecessor Debentures, registered as such at 62

Appears in 1 contract

Samples: Indenture (K N Capital Trust Iii)

Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture for redemption in accordance with said 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 together with accrued interest to the Redemption Date; providedPROVIDED, howeverthat, that unless otherwise specified as contemplated by Section 2.01, installments of interest on Bearer Registered Debentures whose Stated MaturityMaturity is on or prior to the Redemption Date shall be payable to the Holders of such Debentures or one or more Predecessor Debentures, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 2.

Appears in 1 contract

Samples: Indenture (Lodgian Inc)

Debentures Payable on Redemption Date. Notice of redemption ------------------------------------- having been given as aforesaid, the Debentures so to be redeemed shall shall, on the Redemption Date Date, become due and payable at the Redemption Price therein specified, specified and from and after on such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture Debentures for redemption in accordance with said notice together with all Coupons, if any, appertaining thereto maturing after the Redemption Datenotice, such Debenture Debentures shall be paid by the Company at the Redemption Price Price, together with any accrued interest to the Redemption Date; provided. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, howeverthe principal (and premium, that installments of if any) shall, until paid, bear interest on Bearer Debentures whose Stated Maturityfrom the Redemption Date at the rate borne by the Debenture.

Appears in 1 contract

Samples: Debenture Agreement (Cupertino National Bancorp)

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Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall shall, on the Redemption Date Date, become due and payable at the Redemption Price therein specified, together with accrued interest thereon to the Redemption Date and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interestPrice) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture Debentures for redemption in accordance with said notice together with all Coupons, if any, appertaining thereto maturing after the Redemption Datenotice, such Debenture Debentures shall be paid by the Company at the Redemption Price Price, together with accrued interest thereon to the Redemption Date; provided, however, that installments . Installments of interest on Bearer any Debenture called for redemption, the Stated Maturity of which installments is on or prior to the Redemption Date, shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Debentures whose Stated Maturityregistered as such on the relevant Regular Record Dates according to their terms and the provisions of SECTION 3.

Appears in 1 contract

Samples: Indenture (Banctec Inc)

Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Debentures so to be redeemed shall shall, on the Redemption Date Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debentures shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Debentures so to be redeemed except to the extent provided below, shall be voidinterest. Upon surrender of any such Debenture for redemption in accordance with said notice together with all Coupons, if any, appertaining thereto maturing after the Redemption Datenotice, such Debenture shall be paid by the Company at the Redemption Price Price, together with accrued interest to the Redemption Date; provided. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, howeverthe Redemption Price shall, that installments of until paid, bear interest on Bearer Debentures whose Stated Maturityfrom the Redemption Date at the Coupon Rate to the extent permitted by applicable law.

Appears in 1 contract

Samples: 8.54% Junior Subordinated Deferrable Interest Indenture (Renaissancere Holdings LTD)

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