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 3.7. 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 2 contracts

Samples: Amcv Capital Trust I, American Classic Voyages Co

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Debentures Payable on Redemption Date. Notice of redemption at the election of the Company 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, specified and from and after such date (date, unless the Company shall default in the payment of the Redemption Price and accrued interest) Price, such Debentures shall cease to bear interest. Upon surrender of any such Debenture Debentures for redemption in accordance with said notice, such Debenture Debentures shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, installments . 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 3.7. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and any premium premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in borne by the Debenture.

Appears in 2 contracts

Samples: Indenture (Code Alarm Inc), Indenture (Meridian Bioscience Inc)

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, 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 Debentures for redemption in accordance with said notice, such Debenture Debentures shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, installments . 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, Debentures registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.7. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and any premium premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in borne by the Debenture.

Appears in 1 contract

Samples: Indenture (Lundgren Bros Construction Inc)

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 3.72.02. 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.

Appears in 1 contract

Samples: 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, 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 Regular Record Dates according to their terms and the provisions of Section 3.73.07. If any Debenture called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and any premium premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in borne by the Debenture.

Appears in 1 contract

Samples: Indenture (Systems & Computer Technology 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 3.73.1(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)

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