Common use of Debt Securities Payable on Redemption Date Clause in Contracts

Debt Securities Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From and after such date (unless the Issuer shall default in the payment of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest. Upon surrender of any such Debt Security for redemption in accordance with the notice, such Debt Security shall be paid by the Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

Appears in 2 contracts

Samples: Senior Indenture (Nortel Networks Corp), Nortel Networks Corp

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Debt Securities Payable on Redemption Date. (a) Notice Subject to the fulfillment of redemption having been given as aforesaidthe notice requirements set forth in Section 3.5 above, the Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From therein specified, and from and after such date (unless the Issuer Company shall default in the payment of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest. Upon surrender of any such Debt Security for redemption in accordance with the said notice, such Debt Security shall be paid by the Issuer Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Debt Securities, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 307terms.

Appears in 1 contract

Samples: Countrywide Home Loans Inc

Debt Securities Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Subordinated Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From and after such date (unless the Issuer shall default in the payment of the Redemption Price and accrued interest) such Subordinated Debt Securities shall cease to bear interest. Upon surrender of any such Subordinated Debt Security for redemption in accordance with the notice, such Subordinated Debt Security shall be paid by the Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Subordinated Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Subordinated Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

Appears in 1 contract

Samples: Indenture (Nortel Networks Corp)

Debt Securities Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From and after such date (unless the applicable Issuer shall default in the payment of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest. Upon surrender of any such Debt Security for redemption in accordance with the notice, such Debt Security shall be paid by the such Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, provided however, that installments of interest on Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

Appears in 1 contract

Samples: Nortel Networks Capital Corp

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Debt Securities Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Subordinated Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From and after such date (unless the Issuer shall default in the payment of the Redemption Price and accrued interest) such Subordinated Debt Securities shall cease to bear interest. Upon surrender of any such Subordinated Debt Security for redemption in accordance with the notice, such Subordinated Debt Security shall be paid by the Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, provided however, that installments of interest on Subordinated Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Subordinated Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

Appears in 1 contract

Samples: Indenture (Nortel Networks Corp)

Debt Securities Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Debt Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price specified in such notice. From and after such date (unless the Issuer and the Guarantors shall default in the payment of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest. Upon surrender of any such Debt Security for redemption in accordance with the notice, such Debt Security shall be paid by the Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, provided that installments of interest on Debt Securities whose Stated Maturity Date is on or prior to the Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to their terms and the provisions of Section 307312.

Appears in 1 contract

Samples: Indenture (Nortel Networks LTD)

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