Common use of Deposit of Redemption or Purchase Price Clause in Contracts

Deposit of Redemption or Purchase Price. On the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 5 contracts

Samples: Indenture (BRMK Management, Corp.), Indenture (BRMK Management, Corp.), Indenture (Ventas Realty Limited Partnership)

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Deposit of Redemption or Purchase Price. On or prior to the redemption or purchase date, the Issuer Company will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and of, accrued interest and Additional Amountsinterest, if any, on all Securities of such Series to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer Company, no later than five days after any redemption date, any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amountsinterest, if any, on, on all Securities of such Series to be redeemed or purchased. If the Issuer Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities of such Series or the portions of Securities thereof called for redemption or purchase, any Guarantees endorsed thereon or attached thereto shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities or Guarantees except the right to receive the redemption price and unpaid interest to the date fixed for redemption. If a Security is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities of such Series and in Section 4.014.01 hereof.

Appears in 4 contracts

Samples: Indenture (Gray Television Licensee, LLC), Indenture (WVLT-TV, Inc.), Indenture (WVLT-TV, Inc.)

Deposit of Redemption or Purchase Price. On the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.014.01 hereof.

Appears in 4 contracts

Samples: Indenture (Ventas Inc), Indenture (Ventas Inc), Indenture (Ventas Realty Limited Partnership)

Deposit of Redemption or Purchase Price. On (a) By no later than 12:00 noon (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof, and accrued and unpaid interest on such Notes, if any. The Trustee or Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent Agents by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amountsunpaid interest, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 3 contracts

Samples: Indenture (Forestar Group Inc.), Indenture (Forestar Group Inc.), Indenture (Forestar Group Inc.)

Deposit of Redemption or Purchase Price. On No later than 10:00 a.m. London Time one Business Day prior to the redemption or purchase price date, the Issuer will shall deposit with the Trustee or with the Principal Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Principal Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Principal Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 3 contracts

Samples: Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase datedate (or such later time on such date as consistent with the Applicable Procedures to which the Trustee may reasonably agree), the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. If funds for such purpose are on deposit, the Paying Agent shall promptly send or mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer Company any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer Company complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Security was Note is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 3 contracts

Samples: Senior Notes Indenture (TTM Technologies Inc), Senior Notes Indenture (TTM Technologies Inc), Senior Notes Indenture (Wolverine World Wide Inc /De/)

Deposit of Redemption or Purchase Price. On No later than 10:00 a.m. London time one Business Day prior to the redemption or purchase price date, the Issuer will shall deposit with the Trustee or with the Principal Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Principal Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Principal Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 3 contracts

Samples: Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase datedate (or such later time as such date to which the Trustee may reasonably agree), the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. (b) If the Company complies with the provisions of Section 3.05(a), on and after the redemption or purchase date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Security was Note is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 3 contracts

Samples: Indenture (Centennial Resource Development, Inc.), Indenture (Centennial Resource Development, Inc.), Indenture (Centennial Resource Development, Inc.)

Deposit of Redemption or Purchase Price. On (a) By no later than 12:00 noon (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof, accrued and unpaid interest thereon and Applicable Premium, if any. The Trustee or Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent Agents by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional AmountsApplicable Premium, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall accrue and be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 3 contracts

Samples: Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp)

Deposit of Redemption or Purchase Price. On or before 10:00 a.m. (New York City time) on each redemption date or the redemption date on which Notes must be accepted for purchase pursuant to Section 4.10 or purchase date4.14, the Issuer will Company shall deposit with the Trustee or with the Paying Agent in immediately available funds money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Company upon its written request any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, of (including any applicable premium) and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on, on all Securities Notes to be redeemed or purchased. If Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Issuer complies Company has deposited with the provisions Trustee or Paying Agent money sufficient to pay the redemption or purchase price of the preceding paragraphand unpaid and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased, on and after the redemption or purchase datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principalprincipal and Liquidated Damages, if any, from the redemption or purchase date until such principal and Liquidated Damages, if any, is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case case, at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 2 contracts

Samples: Indenture (Musicland Group Inc /De), Indenture (Musicland Stores Corp)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (London time) on the redemption or purchase datedate (or such later time as such date to which the Trustee may reasonably agree), the Issuer will shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The Paying Agent shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Security was Note is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 2 contracts

Samples: First Supplemental Indenture (DIEBOLD NIXDORF, Inc), Senior Secured Notes Indenture (DIEBOLD NIXDORF, Inc)

Deposit of Redemption or Purchase Price. On (a) By no later than 11:00 a.m. (New York City time) on the redemption or purchase date, the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer Company any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer Company complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Company. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 2 contracts

Samples: Indenture (New Gold Inc. /FI), Indenture (New Gold Inc. /FI)

Deposit of Redemption or Purchase Price. On the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into exchangeable for Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.014.01 hereof.

Appears in 2 contracts

Samples: Indenture (Care Capital Properties, LP), Indenture (Care Capital Properties, LP)

Deposit of Redemption or Purchase Price. On Prior to noon (New York City time) on the redemption Redemption Date or purchase date, the Issuer will Issuers shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption Redemption Price or purchase price of and accrued and unpaid interest and (including Additional Amounts, if any, ) on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Issuers any money deposited with the Trustee or the Paying Agent by the Issuer Issuers in excess of the amounts necessary to pay the redemption or purchase price Redemption Price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies Issuers comply with the provisions of the preceding paragraph, on and after the redemption Redemption Date or purchase date, interest will shall cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the Redemption Date or purchase date shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Issuers to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption Redemption Date or purchase date until such principal is paid, and to the extent lawful on any interest accrued to the Redemption Date or purchase date not paid on such unpaid principal, in each case at the rate provided in the such series of Securities and in Section 4.01.

Appears in 2 contracts

Samples: Base Indenture (Dell Technologies Inc.), Base Indenture (Dell International L.L.C.)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date, subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date falling on or prior to the redemption or purchase date. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 2 contracts

Samples: Indenture (Universal Health Services Inc), Indenture (Universal Health Services Inc)

Deposit of Redemption or Purchase Price. On By 10:00 a.m. (Toronto time) on the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amountsadditional amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly will, upon receipt of written request for repayment and as soon as practicable, return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amountsadditional amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stockother securities, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.023.01. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.0112.01 hereof.

Appears in 1 contract

Samples: Indenture (Welltower Inc.)

Deposit of Redemption or Purchase Price. On or before 10:00 a.m. (New York City time) on each redemption date or the redemption date on which Notes must be accepted for purchase pursuant to Section 4.10 or purchase date4.13, the Issuer will Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or any of its Subsidiaries is Paying Agent, shall segregate and hold in trust) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Company upon its written request any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest and Additional AmountsLiquidated Damages, if any, on, on all Securities Notes to be redeemed or purchased. If Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Issuer complies Company has deposited with the provisions Trustee or Paying Agent (or, if the Company or any of its Subsidiaries is Paying Agent, shall segregate and hold in trust) money sufficient to pay the preceding paragraphredemption or purchase price of, unpaid and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased, on and after the redemption or purchase datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principalprincipal and Liquidated Damages, if any, from the redemption or purchase date until such principal and Liquidated Damages, if any, is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case case, at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Laralev Inc)

Deposit of Redemption or Purchase Price. On or before 12:00 p.m. (New York City time) on each redemption date or the redemption date on which Notes must be accepted for purchase pursuant to Section 3.09 or purchase date4.14, the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Company upon its written request any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest on and Additional AmountsLiquidated Damages, if any, on, all Securities Notes to be redeemed or purchased. If Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Issuer complies Company has deposited with the provisions of Trustee or Paying Agent money sufficient to pay the preceding paragraphredemption or purchase price of, unpaid and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on and after the redemption or purchase date, interest will and Liquidated Damages, if any, shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If Notwithstanding Sections 3.09 and Sections 3.14, if a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, and Liquidated Damages, if any, from the redemption or purchase date until such principal is paid, and to the extent lawful lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Graham Field Health Products Inc)

Deposit of Redemption or Purchase Price. On (a) By no later than 12:00 noon (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof, accrued and unpaid interest thereon and Applicable Premium, if any. The Trustee or Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent Agents by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional AmountsApplicable Premium, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 1 contract

Samples: Indenture (Howard Hughes Corp)

Deposit of Redemption or Purchase Price. On Prior to 10:00 a.m., London Time, on the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Senior Secured Notes to be redeemed or purchased on that datedate other than Senior Secured Notes or portions of Senior Secured Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Senior Secured Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Senior Secured Notes or the portions of Securities Senior Secured Notes called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on purchase unless the relevant Record Dates according Paying Agent is prohibited from making such redemption payment pursuant to the terms and provisions of Section 2.02this Indenture. If any Security Senior Secured Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Senior Secured Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase datedate (or such later time as such date to which the Trustee may reasonably agree), the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The Paying Agent shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. (b) If the Company complies with the provisions of Section 3.05(a), on and after the redemption or purchase date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption or purchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Security was Note is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Company. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 1 contract

Samples: First Supplemental Indenture (DIEBOLD NIXDORF, Inc)

Deposit of Redemption or Purchase Price. On or before 10:00 a.m. (New York City time) on each redemption date or the redemption date on which Notes must be accepted for purchase pursuant to Section 4.10 or purchase date4.13, the Issuer will shall deposit with the Trustee or with the Paying Agent (other than the Issuer or an Affiliate of the Issuer) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price Redemption Price of and accrued interest and Additional Amountsunpaid interest, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the Redemption Price of (including any Applicable Premium), and accrued interest, if any, on, all Notes to be redeemed or purchased. If Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if Issuer has deposited with the Trustee or Paying Agent money sufficient to pay the redemption or purchase price of, and unpaid and accrued interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will , if any, shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, principal from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest or Additional Interest not paid on such unpaid principal, in each case case, at the rate provided in the Securities Notes and in Section 4.014.1 hereof.

Appears in 1 contract

Samples: Indenture (Schulman a Inc)

Deposit of Redemption or Purchase Price. On or before ---------------------------------------- 10:00 a.m. (New York City time) on each redemption date or the redemption date on which Securities must be accepted for purchase pursuant to Section 4.10 or purchase date4.13, the Issuer will Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or any of its Subsidiaries is Paying Agent, shall segregate and hold in trust) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Company upon its written request any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest and Additional AmountsLiquidated Damages, if any, on, on all Securities to be redeemed or purchased. If Securities called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Issuer complies Company has deposited with the provisions Trustee or Paying Agent (or, if the Company or any of its Subsidiaries is Paying Agent, shall segregate and hold in trust) money sufficient to pay the preceding paragraphredemption or purchase price of, unpaid and accrued interest and Liquidated Damages, if any, on all Securities to be redeemed or purchased, on and after the redemption or purchase datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Securities or the portions of Securities called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If a Security is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principalprincipal and Liquidated Damages, if any, from the redemption or purchase date until such principal and Liquidated Damages, if any, is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case case, at the rate provided in the Securities and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Advance Auto Parts Inc)

Deposit of Redemption or Purchase Price. On the or prior to 10:00 a.m., London time, one Business Day prior to each redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable same day funds sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, on all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. The Issuer shall procure that, before 10:00 a.m. London time on the third Business Day before each redemption or purchase date, as the case may be, the bank effecting payment to the Paying Agent confirms by authenticated SWIFT message to the Paying Agent the irrevocable payment instructions relating to such payment. If a Security Note is redeemed or purchased on or after a an interest Record Date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall will continue to be paid payable on the unpaid principalprincipal and premium, if any, including from the redemption or purchase date until such principal and premium, if any, is paid, and and, to the extent lawful lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Colfax CORP)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase date, the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the holder of record on such Record Date. The Paying Agent shall promptly mail (or wire transfer if applicable) to each holder whose Securities are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer Company any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. . (b) If the Issuer Company complies with the provisions of the preceding paragraphSection 3.06(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall to the redemption or purchase date in respect of such Security will be paid on such redemption or purchase date to the Person in whose name such Security was is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraphSection 3.06(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 1 contract

Samples: Senior Indenture (IHS Markit Ltd.)

Deposit of Redemption or Purchase Price. On Prior to 10:00 a.m. (New York City time) on the redemption or purchase dateChange of Control Payment Date, the Issuer will shall deposit with the Trustee or with the Paying Agent (or, if the Issuer or a Wholly Owned Subsidiary of the Issuer is acting as a Paying Agent, set aside, segregate and hold in trust as provided in Section 2.04) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and (including Additional AmountsInterest, if any, ) or the Change of Control Payment on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price Redemption Price of, and accrued and unpaid interest and Additional Amounts, if any, on, or the Change of Control Payment on all Securities Notes to be redeemed or purchased. Any such excess money segregated and held in trust by the Issuer or a Wholly Owned Subsidiary of the Issuer shall be discharged from such trust. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption date or purchase dateChange of Control Payment Date, interest will shall cease to accrue on the Securities Notes or the portions of Securities called for Notes so redemed or purchased, and, after the close of business on the Business Day immediately preceding such redemption date or purchaseChange of Control Payment Date (unless the Issuer shall default in the payment of such Notes at the Redemption Price, together with interest (including Additional Interest, if any) accrued to, but excluding, the redemption date, or at the Change of Control Payment) such Notes shall cease to be convertible into Common Stock. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption date or Change of Control Payment Date shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption Note to be redeemed or purchase is purchased shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest (including Additional Interest, if any) shall be paid on the unpaid principal, from the redemption date or purchase date Change of Control Payment Date until such principal is paid, and to the extent lawful on any interest accrued but not paid to the redemption date or Change of Control Payment Date on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof, and such Note shall remain convertible into Common Stock until the Redemption Price or Change of Control Payment and such interest (including Additional Interest, if any) shall have been paid or duly provided for.

Appears in 1 contract

Samples: Indenture (Realogy Corp)

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Deposit of Redemption or Purchase Price. On the (a) No later than 10:00 a.m. (London time) on each date of redemption or purchase datepurchase, the Issuer will deposit with the Trustee or with Paying Agent (or, if the Issuer is the Paying Agent Agent, shall segregate and hold in trust) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable immediately available funds sufficient to pay the redemption or purchase price of and of, accrued interest interest, premium, if any, and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, on all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof. For the avoidance of doubt, the Paying Agent shall be held harmless and have no liability with respect to payments or disbursements to be made by the Paying Agent (i) for which payment instructions are not made or that are not otherwise deposited by the respective times set forth in this Section 3.05, and (ii) until the Paying Agent has confirmed receipt of funds sufficient to make the relevant payment. The Paying Agent shall not be obliged to make any payment under this Section 3.05 unless and until such time as it has confirmed receipt of funds sufficient to make the relevant payment.

Appears in 1 contract

Samples: Indenture

Deposit of Redemption or Purchase Price. On Prior to 10:00 a.m. New York time on the redemption or purchase datedate (or pursuant to such other arrangements as may be agreed between the Issuer and the Trustee), the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable same day funds sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, on all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Note is redeemed or purchased on or after a an interest Record Date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall will continue to be paid payable on the unpaid principalprincipal and premium, if any, including from the redemption or purchase date until such principal and premium, if any, is paid, and and, to the extent lawful lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (ESAB Corp)

Deposit of Redemption or Purchase Price. On the ‌ (a) No later than 10:00 a.m. (London time) on each date of redemption or purchase datepurchase, the Issuer will deposit with the Trustee or with Paying Agent (or, if the Issuer is the Paying Agent Agent, shall segregate and hold in trust) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable immediately available funds sufficient to pay the redemption or purchase price of and of, accrued interest interest, premium, if any, and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, on all Securities Notes to be redeemed or purchased. purchased.‌ (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof. For the avoidance of doubt, the Paying Agent shall be held harmless and have no liability with respect to payments or disbursements to be made by the Paying Agent (i) for which payment instructions are not made or that are not otherwise deposited by the respective times set forth in this Section 3.05, and (ii) until the Paying Agent has confirmed receipt of funds sufficient to make the relevant payment. The Paying Agent shall not be obliged to make any payment under this Section 3.05 unless and until such time as it has confirmed receipt of funds sufficient to make the relevant payment.

Appears in 1 contract

Samples: First Lien Notes Indenture

Deposit of Redemption or Purchase Price. On (a) Prior to 11:00 a.m. (New York City time) on the redemption Redemption Date or purchase datethe Purchase Date, the Issuer will Issuers shall deposit with the Trustee or with the Paying Agent (or, if one of the Issuers is the Paying Agent, shall segregate and hold in trust) money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption Redemption Price or purchase price Purchase Price, as the case may be, of and accrued and unpaid interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Issuers any money deposited with the Trustee or the Paying Agent by the Issuer Issuers in excess of the amounts necessary to pay the redemption Redemption Price or purchase price ofPurchase Price of (including any applicable premium), and accrued interest and Additional Amountsunpaid interest, if any, on, all Securities to be redeemed or purchased. . (b) If the Issuer complies Issuers comply with the provisions of the preceding paragraphparagraph (a), on and after the redemption Redemption Date or purchase datePurchase Date, as the case may be, interest will shall cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest interest, if any, to the Redemption Date or Purchase Date shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Issuers to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption Redemption Date or purchase date Purchase Date, as applicable, until such principal is paid, and to the extent lawful on any interest accrued to the Redemption Date or Purchase Date, as applicable, not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01Securities.

Appears in 1 contract

Samples: Indenture (CDW Technologies, Inc.)

Deposit of Redemption or Purchase Price. On ‌ No later than 10:00 a.m. (London time) one Business Day prior to the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Second Lien Notes to be redeemed or purchased on that datedate other than Second Lien Notes or portions of Second Lien Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Second Lien Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Second Lien Notes or the portions of Securities Second Lien Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Second Lien Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Second Lien Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Second Lien Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Second Lien Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Second Lien Notes Indenture

Deposit of Redemption or Purchase Price. On (a) By no later than 11:00 a.m. (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent Agents by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 1 contract

Samples: Indenture (Brookfield Residential Properties Inc.)

Deposit of Redemption or Purchase Price. On the redemption or purchase date, the Issuer Issuer(s) will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer Issuer(s) any money deposited with the Trustee or the Paying Agent by the Issuer Issuer(s) in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies Issuer(s) comply with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer Issuer(s) to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Brookdale Living Communitites of New York-Gb, LLC)

Deposit of Redemption or Purchase Price. On By 10:00 a.m. (Toronto time) on the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly will, as soon as practicable, return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, all Securities to be redeemed or purchased. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Ventas Inc)

Deposit of Redemption or Purchase Price. On No later than 10:00 a.m. London time one Business Day prior to the redemption or purchase price date, the Issuer will shall deposit with the Trustee or with the Principal Paying Agent Agent, in same day immediately available cleared funds, money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Principal Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Principal Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Paying Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 1 contract

Samples: Indenture (Encore Capital Group Inc)

Deposit of Redemption or Purchase Price. On (a) By no later than 10:00 a.m. (New York City time) on the redemption or purchase date, the Issuer will shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof, accrued and unpaid interest thereon and Applicable Premium, if any. The Trustee or Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent Agents by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional AmountsApplicable Premium, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuer. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 1 contract

Samples: Indenture (Howard Hughes Corp)

Deposit of Redemption or Purchase Price. On or before 12:00 p.m. (New York City time) on each redemption date or the redemption date on which Notes must be accepted for purchase pursuant to Section 3.09 or purchase date4.14, the Issuer will Company shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional AmountsLiquidated Damages, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly return to the Issuer Company upon its written request any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest and Additional AmountsLiquidated Damages, if any, on, on all Securities Notes to be redeemed or purchased. If Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Issuer complies Company has deposited with the provisions of Trustee or Paying Agent money sufficient to pay the preceding paragraphredemption or purchase price of, unpaid and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on and after the redemption or purchase date, interest will and Liquidated Damages, if any, shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasetendered and not withdrawn in an Asset Sale Offer or Change of Control Offer (regardless of whether certificates for such securities are actually surrendered). If Notwithstanding Sections 3.09 and Sections 3.14, if a Security Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, and Liquidated Damages, if any, from the redemption or purchase date until such principal is paid, and to the extent lawful lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Conmed Corp)

Deposit of Redemption or Purchase Price. On the or prior to 10:00 a.m., Luxembourg time, one Business Day prior to each redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable same day funds sufficient to pay the redemption or purchase price of and accrued interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that datedate other than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Amounts, if any, on, on all Securities Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. The Issuer shall procure that, before 10:00 a.m. Luxembourg Time on the third Business Day before each redemption or purchase date, as the case may be, the bank effecting payment to the Paying Agent confirms by authenticated SWIFT message to the Paying Agent the irrevocable payment instructions relating to such payment. If a Security Note is redeemed or purchased on or after a an interest Record Date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall will continue to be paid payable on the unpaid principalprincipal and premium, if any, including from the redemption or purchase date until such principal and premium, if any, is paid, and and, to the extent lawful lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Indenture (Esterline Technologies Corp)

Deposit of Redemption or Purchase Price. On Prior to 10:00 a.m. Eastern Time on the redemption or purchase date, the Issuer Company will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable immediately available funds sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities of a Series to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer Company any money deposited with the Trustee or the Paying Agent by the Issuer Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities of a Series to be redeemed or purchased. If the Issuer Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest to the redemption or purchase date shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.014.1 hereof.

Appears in 1 contract

Samples: Indenture (Tetralogic Pharmaceuticals Corp)

Deposit of Redemption or Purchase Price. On No later than 10:00 a.m., London Time, one Business Day prior to the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on all Securities Senior Secured Notes to be redeemed or purchased on that datedate other than Senior Secured Notes or portions of Senior Secured Notes called for redemption that have been delivered by the Issuer to the Trustee for cancellation. The Trustee or the Paying Agent will promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest, if any, and Additional Amounts, if any, on, all Securities Senior Secured Notes to be redeemed or purchased. Neither the Trustee nor any Agent shall be required to pay out any money without first having been placed in funds. If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Securities Senior Secured Notes or the portions of Securities Senior Secured Notes called for redemption or purchasepurchase unless the relevant Paying Agent is prohibited from making such redemption payment pursuant to the terms of this Indenture. If a Security Senior Secured Note is redeemed or purchased on or after a Record Date an interest record date but on or prior to the related Interest Payment Dateinterest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security Senior Secured Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02record date. If any Security Senior Secured Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities Senior Secured Notes and in Section 4.014.01 hereof.

Appears in 1 contract

Samples: Senior Secured Notes Indenture

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase datedate (or such later time as such date to which the Trustee may reasonably agree), the Issuer will shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. If a Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder of record on such Record Date. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a) of this Indenture, on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall to the redemption or purchase date in respect of such Note will be paid on such redemption or purchase date to the Person in whose name such Security was Note is registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a) of this Indenture, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any interest accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.014.01 of this Indenture.

Appears in 1 contract

Samples: Senior Notes Indenture (ModivCare Inc)

Deposit of Redemption or Purchase Price. On (a) By no later than 12:00 noon (New York City time) on the redemption or purchase date, the Issuer will Issuers shall deposit with the Trustee Trustee, or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will shall promptly distribute to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon upon presentment of the Notes or pursuant to Applicable Procedures with respect to Global Notes. The Trustee or Paying Agent shall promptly return to the Issuer Issuers any money deposited with the Trustee or the Paying Agent Agents by the Issuer Issuers in excess of the amounts necessary to pay the redemption or purchase price of, of and accrued and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies Issuers comply with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue on the Securities Notes or the portions of Securities Notes called for redemption or purchasepurchase whether or not such Notes are presented for payment, and the Holders of such Notes shall have no further rights with respect to such Notes except the right to receive such payment of the redemption price and accrued and unpaid interest, if any, on such Notes upon surrender of such Notes. If a Security Note is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Security Note was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of and no additional interest on Securities whose maturity is on or prior to the redemption date shall be payable to Holders whose Notes shall be subject to redemption by the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02Issuers. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01.

Appears in 1 contract

Samples: Indenture (Five Point Holdings, LLC)

Deposit of Redemption or Purchase Price. On (a) No later than 11:00 a.m. (New York City time) on the redemption or purchase datedate (or such later time as such date to which the Trustee may reasonably agree), the Issuer will shall deposit with the Trustee or with the Paying Agent money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities are payable sufficient to pay the redemption or purchase price of and accrued (or, in the case of Additional Interest, payable) and unpaid interest and Additional Amounts, if any, on all Securities Notes to be redeemed or purchased on that date. If a Note is redeemed or purchased on or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such Record Date; provided that no Additional Interest shall be payable with respect to the interest period in which the redemption or purchase date occurs if the redemption or purchase date occurs before the Interest Payment Date at the end of such interest period. The Trustee or the Paying Agent will shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued (or, in the case of Additional Interest, payable) and unpaid interest and Additional Amounts, if any, on, all Securities Notes to be redeemed or purchased. . (b) If the Issuer complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will shall cease to accrue or be payable on the Securities Notes or the portions of Securities Notes called for redemption or purchase. If a Security is redeemed or purchased on or after a Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such Record Date; provided, however, that except as otherwise provided with respect to Securities convertible into Common Stock, installments of interest on Securities whose maturity is on or prior to the redemption date shall be payable to the Holders of such Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant Record Dates according to the terms and provisions of Section 2.02. If any Security Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraphSection 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and and, to the extent lawful lawful, on any Additional Interest that is payable and any other interest not paid that is accrued and unpaid to the redemption or purchase date on such unpaid principal, in each case at the rate provided in the Securities Notes and in Section 4.01.

Appears in 1 contract

Samples: Senior Secured Notes Indenture (Spanish Broadcasting System Inc)

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