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. 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, together with accrued interest to the Redemption Date; provided, however, that, installments of interest whose Stated Maturity 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 3.

Appears in 2 contracts

Samples: Junior Convertible Subordinated Indenture (American Classic Voyages Co), Junior Convertible Subordinated Indenture (Amcv Capital Trust I)

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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. 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, together with accrued interest to the Redemption Date; provided, however, that, that installments of interest whose Stated -------- ------- Maturity 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 3.

Appears in 1 contract

Samples: Indenture (Alpha Technologies Group 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. Upon surrender of any such Debenture for redemption in accordance with said noticenotice maturing after the Redemption Date, such Debenture shall be paid by the Company at the Redemption Price, Price together with accrued interest to the Redemption Date; provided, howeverthat, thatunless otherwise specified as contemplated by Section 2.01, 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 or more Predecessor Debentures, registered as such at the close of business on the relevant Record Dates record dates according to their terms and the provisions of Section 32.03.

Appears in 1 contract

Samples: Indenture (Federal Mogul Corp)

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. 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, Price together with accrued interest to the Redemption Date; provided, however, that, installments of interest whose Stated Maturity is on or prior subject 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 33.1(d). 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.

Appears in 1 contract

Samples: Indenture (Wabash National Corp /De)

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. 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, together with accrued interest to the Redemption Date; provided, however, that, that installments of interest whose Stated Maturity stated maturity is on or prior to the Redemption Date shall be payable to the Holders holders of such Debentures, or one or more Predecessor Debentures, registered as such at the close of business on the relevant Record Dates record dates according to their terms and the provisions of Section 32.

Appears in 1 contract

Samples: Convertible Subordinated Debenture (Metalclad Corp)

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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, together with Additional Interest, if any, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interestsuch payment) 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, together with accrued interest to the Redemption DateAdditional Interest, if any; provided, however, that, that installments of interest whose Stated Maturity Cash Interest Payment Date is on or prior to the Redemption Date shall be payable to the Holders of such Debentures, or one or more Predecessor Debentures, Debentures registered as such at the close of business on the relevant Regular Record Dates according subject to their terms and the provisions of Section 33.7 of the Indenture and Article 3 of this First Supplemental Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Citizens Utilities Capital L P)

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 come 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. 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, together with accrued interest to the Redemption Date; providedPROVIDED, howeverHOWEVER, that, that installments of interest whose Stated Maturity is on or prior to the a Redemption Date which is a regular Interest Payment 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 3.

Appears in 1 contract

Samples: Indenture (Gentiva Health Services Inc)

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