Common use of Debt Securities Redeemed in Part Clause in Contracts

Debt Securities Redeemed in Part. Any Debt Security which is to be redeemed only in part will be surrendered at any office or agency for such Debt Security (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company will execute and the Trustee will authenticate and deliver to the Holder of such Debt Security without service charge, a new Debt Security or Debt Securities, containing identical terms and provisions, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debt Security so surrendered. If a Global Debt Security is so surrendered, the Company will execute, and the Trustee will authenticate and deliver to the Depositary for such Global Debt Security as will be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Global Debt Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Debt Security so surrendered. Upon surrender of a Debt Security that is redeemed in part, the Company will issue and the Trustee will authenticate for the Holder at the expense of the Company a new Debt Security equal in principal amount to the unredeemed portion of the Debt Security surrendered, representing the same indebtedness to the extent not redeemed. Notwithstanding anything herein to the contrary, only a Company Order and not an Opinion of Counsel or an Officers’ Certificate of the Company is required for the Trustee to authenticate such new Debt Security.

Appears in 4 contracts

Samples: Indenture (City Holding Co), Indenture (City Holding Co), Indenture (City Holding Co)

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Debt Securities Redeemed in Part. Any Debt Registered Security which that is to be redeemed only in part will shall be surrendered at any office or agency for such Debt Security a Place of Payment therefor (with, if the Company Company, the Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company Company, the Registrar and the Trustee Trustee, duly executed by, the Holder thereof or his attorney duly authorized in writing) ), and the Company will execute shall execute, and the Trustee will or Authenticating Agent shall authenticate and deliver to the Holder of such Debt Security the Registered Security, without service charge, a new Debt Registered Security or Debt Securities, containing identical terms and provisionsRegistered Securities of the same series, of any authorized denomination as requested by such Holder like tenor and in an aggregate principal amount (or, in the case of any Principal Indexed Security, face amount) equal to and in exchange for the unredeemed portion of the principal of the Debt Registered Security so surrendered. If surrendered in such authorized denomination or denominations as are requested by such Holder; and any Bearer Security that is to be redeemed only in part shall be surrendered at an office or agency of the Company located outside the United States, except as otherwise provided in Section 10.02, and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Bearer Security outside the United States, without service charge, a new Bearer Security or Bearer Securities of the same series (or a new Registered Security or Registered Securities of the same series if the Debt Securities of such series are also issuable as Registered Securities), of like tenor and in an aggregate principal amount (or, in the case of any Principal Indexed Security, face amount) equal to and in exchange for the unredeemed portion of the principal of the Bearer Security so surrendered in such authorized denomination or denominations as are requested by such Holder; except if a Global Debt Security is so surrendered, the Company will shall execute, and the Trustee will shall authenticate and deliver to the Depositary for such Global Debt Security as will be specified in the Company Order with respect thereto to the TrusteeSecurity, without service charge, a new Global Debt Security of like tenor in a denomination equal to and in exchange for the unredeemed portion of the principal amount (or, in the case of any Principal Indexed Security, face amount) of the Global Debt Security so surrendered. Upon surrender of a Debt Security that is redeemed in part, the Company will issue and the Trustee will authenticate for the Holder at the expense of the Company a new Debt Security equal in principal amount to the unredeemed portion of the Debt Security surrendered, representing the same indebtedness to the extent not redeemed. Notwithstanding anything herein to the contrary, only a Company Order and not an Opinion of Counsel or an Officers’ Certificate of the Company is required for the Trustee to authenticate such new Debt Security.

Appears in 1 contract

Samples: Indenture (HSBC Holdings PLC)

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