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) such Debentures shall cease to bear interest. Upon surrender of such Debentures for redemption in accordance with said notice, such Debentures shall be paid by the Company at the Redemption Price. Installments of interest whose due date is on or prior to the Redemption Date shall be payable to the Holders of such Debentures registered as such on the relevant Record Dates according to their terms and the provisions of Section 3.6. If any Debenture called for redemption is received in the office of the Paying Agent on or prior to the Redemption Date, but is not paid, the principal shall, until paid, bear Interest from the Redemption Date at the rate borne by the Debenture.

Appears in 2 contracts

Samples: Indenture (Nibco Inc), Nibco Inc

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Debentures Payable on Redemption Date. Notice If notice of redemption having has been given as aforesaidprovided in Section 3.3, the Debentures so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified specified, including any accrued interest (and any Additional Interest) thereon, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption PricePrice or any accrued interest on (including any Additional Interest)) such Debentures shall cease to bear interest. Upon surrender of any such Debentures Debenture for redemption in accordance with said notice, such Debentures Debenture shall be paid by the Company Issuer at the Redemption Price. Installments of , including any accrued interest whose due date is on or prior (and any Additional Interest) to the Redemption Date shall be payable to the Holders of such Debentures registered as such on the relevant Record Dates according to their terms and the provisions of Section 3.6Date. If any Debenture called for redemption is received in the office of the Paying Agent on or prior to the Redemption Date, but is shall not paidbe so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear Interest interest from the Redemption Date at the rate borne by prescribed therefor in the Debenture.

Appears in 1 contract

Samples: Indenture (CMS Energy Trust Ii)

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, 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) such Debentures shall cease to bear interest. Upon surrender of such Debentures for redemption in accordance with said notice, such Debentures shall be paid by the Company at the Redemption Price, together with accrued interest thereon to the Redemption Date. Installments of interest whose due date on any Debenture called for redemption, the Stated Maturity of which installments is on or prior to the Redemption Date Date, shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Debentures registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 3.6SECTION 3.07. If any Debenture called for redemption is received in the office of the Paying Agent on or prior to the Redemption Date, but is shall not paidbe so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear Interest interest from the Redemption Date at the rate borne by the DebentureDebentures.

Appears in 1 contract

Samples: Banctec 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) such Debentures shall cease to bear interest. Upon upon surrender of such Debentures for redemption in accordance with said notice, such Debentures shall be paid by the Company at the Redemption Price. Installments of interest whose due date the Stated Maturity of which is on or prior to the Redemption Date shall be payable to the Holders of such Debentures registered as such on the relevant Record Dates according to their the terms of such Debentures and the provisions of Section 3.63-9. If any Debenture called for redemption is received in the office of the Paying Agent on or prior to the Redemption Date, but is shall not paidbe so paid upon surrender thereof for redemption, the principal and premium, if any, shall, until paid, bear Interest interest from the Redemption Date at the rate borne by the Debenture.

Appears in 1 contract

Samples: Trust Indenture Agreement (SFG Mortgage & Investment Co Inc)

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Debentures Payable on Redemption Date. Notice of redemption having been given as aforesaidgiven, the Convertible Debentures so to be redeemed shall, on the Redemption Datedate fixed for such redemption, become due and payable at the Redemption Price applicable price therein specified specified, and from and after such date (unless the Company shall default in the payment of the Redemption Pricesuch price and accrued interest) such Convertible Debentures shall cease to bear interest. Upon surrender The amount to be paid in respect of each such Debentures for redemption in accordance with said notice, such Debentures Convertible Debenture shall be paid by the Company at the Redemption Price. Installments such price together with accrued interest to such date; provided, however, that installments of interest whose due date is on or prior to the Redemption Date such date shall be payable to the Holders holders of such Convertible Debentures or portions registered as such at the close of business on the relevant Record Dates record dates according to their terms and the provisions of Section 3.6terms. If the amount payable in respect of any Convertible Debenture called selected for redemption is received in the office of the Paying Agent on shall not be so paid or prior to the Redemption Date, but is not paidmade available for payment, the principal unpaid amount shall, until paid, bear Interest interest from the Redemption Date date fixed for such redemption at the rate borne 7.0% per annum. The Company will promptly cancel all Debentures redeemed by the Debentureit and no Debentures may be issued in substitution or exchange for any such Convertible Debentures.

Appears in 1 contract

Samples: Purchase Agreement (Benesse Corp)

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