Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation). The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, 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 interest on, all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 3 contracts
Samples: Indenture, Indenture (Arazi S.a r.l.), Indenture (Arazi S.a r.l.)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Liquidated Damages, 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 the Company complies 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.upon
Appears in 3 contracts
Samples: Indenture (Standard Parking Ii LLC), Supplemental Indenture (Century Parking Inc), Supplemental Indenture (Apcoa Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one (1) Business Day prior to the redemption or purchase date, the Company will deposit with the Trustee or with the applicable Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation). The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, 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 interest on, all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 3 contracts
Deposit of Redemption or Purchase Price. At On or before the close of business one Business Day prior to 1:00 p.m., New York City time (or such later time as the redemption Trustee may agree), on each Redemption Date or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money U.S. Dollars sufficient to pay the redemption price or purchase price of of, including premium, if any, and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest, if any, on any and all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes thereof called for redemption or purchase on that date which have been delivered by the Company Issuer to the Trustee for cancellation). The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption price or purchase price of, including premium, if any, and accrued interest onand unpaid interest, if any, on any and all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on On and after the redemption any Redemption Date or purchase date, interest will cease as the case may be, if money sufficient to accrue pay the redemption price or purchase price of, including premium, if any, and accrued and unpaid interest, if any, on the Notes or the portions of all Notes called for redemption or purchase. If a Note is redeemed purchase shall have been made available in accordance with the immediately preceding paragraph, the Notes called for redemption or purchased purchase will cease to accrue interest and the only right of the Holders of such Notes will be to receive payment of the redemption price or purchase price of and, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date falling on or after an interest record date but on the Redemption Date or prior to the related interest payment purchase date, then any as the case may be, accrued and unpaid interest (including PIK Interest) shall be paid on such Notes to the Person in whose name such Note was registered at the close of business on such record Redemption Date or purchase date. If any Note called surrendered for redemption or purchase is shall not be so paid upon surrender for paid, interest will be paid, from the Redemption Date or purchase date, as the case may be, until such redemption or purchase because of the failure of the Company to comply with the preceding paragraphpayment is made, interest shall be paid on the unpaid principal, from principal of the redemption or purchase date until such principal is paid, Note and (to the extent lawful on permitted by applicable law) any interest not paid on such unpaid principal, in each case case, at the rate and in the manner provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelledNotes.
Appears in 3 contracts
Samples: Indenture (Cooper-Standard Holdings Inc.), Indenture (Cooper-Standard Holdings Inc.), Indenture (Cooper-Standard Holdings Inc.)
Deposit of Redemption or Purchase Price. At On or before the close of business one Business Day prior to 11 a.m., New York City time (or such later time as the redemption Trustee may agree), on each Redemption Date or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money U.S. Dollars sufficient to pay the redemption price or purchase price of of, including premium, if any, and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest, if any, on any and all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes thereof called for redemption or purchase on that date which have been delivered by the Company Issuer to the Trustee for cancellation). The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption price or purchase price of, including premium, if any, and accrued interest onand unpaid interest, if any, on any and all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on On and after the redemption any Redemption Date or purchase date, interest will cease as the case may be, if money sufficient to accrue pay the redemption price or purchase price of, including premium, if any, and accrued and unpaid interest, if any, on the Notes or the portions of all Notes called for redemption or purchase. If a Note is redeemed purchase shall have been made available in accordance with the immediately preceding paragraph, the Notes called for redemption or purchased purchase will cease to accrue interest and the only right of the Holders of such Notes will be to receive payment of the redemption price or purchase price of and, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date falling on or after an interest record date but on the Redemption Date or prior to the related interest payment purchase date, then any as the case may be, accrued and unpaid interest (including PIK Interest) shall be paid on such Notes to the Person in whose name such Note was registered at the close of business on such record Redemption Date or purchase date. If any Note called surrendered for redemption or purchase is shall not be so paid upon surrender for paid, interest will be paid, from the Redemption Date or purchase date, as the case may be, until such redemption or purchase because of the failure of the Company to comply with the preceding paragraphpayment is made, interest shall be paid on the unpaid principal, from principal of the redemption or purchase date until such principal is paid, Note and (to the extent lawful on permitted by applicable law) any interest not paid on such unpaid principal, in each case at the rate and in the manner provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelledNotes.
Appears in 3 contracts
Samples: Indenture (Mueller Water Products, Inc.), Indenture (Mueller Water Products, Inc.), Indenture (Mueller Water Products, Inc.)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.13, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Liquidated Damages, 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 the Company complies 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 2 contracts
Samples: Indenture (National Equipment Services Inc), Indenture (MST Enterprises Inc)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Liquidated Damages, 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 the Company complies 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 2 contracts
Samples: Indenture (Jitney Jungle Stores of America Inc /Mi/), Indenture (Supermarket Cigarette Sales Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will Partnership shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes of any series to be redeemed or purchased on that date (including any PIK Notes date. If a Note of such series is redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes purchased on or portions of Notes called for redemption that have been delivered by the Company after a Record Date but on or prior to the Trustee for cancellation)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 Note is registered at the close of business on such Record Date. The Paying Agent shall promptly send to each Holder whose Notes of such series 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 Company, after the applicable redemption or purchase date, Partnership any money deposited with the Trustee or the Paying Agent by the Company Partnership in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes of such series to be redeemed or purchased. .
(b) If the Company Partnership 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 Notes of any series or the portions of Notes called for redemption or purchase. If a Note of such series is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK 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 Note was is registered at the close of business on such record dateRecord Date. If any Note of any series called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Partnership 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 2 contracts
Samples: Senior Notes Indenture (Equitrans Midstream Corp), Senior Notes Indenture (Equitrans Midstream Corp)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes date. If a Note is redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes purchased on or portions of Notes called for redemption that have been delivered by the Company after a Record Date but on or prior to the Trustee for cancellation)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 Company, after the applicable redemption or purchase date, 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 the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will 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 an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK 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 Note was is registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 2 contracts
Samples: Senior Notes Indenture (Hanesbrands Inc.), Senior Notes Indenture (Hanesbrands Inc.)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.13, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Liquidated Damages, 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 the Company complies 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Dames, 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 2 contracts
Samples: Indenture (Crew J Operating Corp), Indenture (J Crew Group Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will Issuers shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes date. If a Note is redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes purchased on or portions of Notes called for redemption that have been delivered by the Company after a Record Date but on or prior to the Trustee for cancellation)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 send 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 Company, after the applicable redemption or purchase date, Issuers any money deposited with the Trustee or the Paying Agent by the Company Issuers 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 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 Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK 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 Note was is registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Issuers 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 2 contracts
Samples: Senior Secured Second Lien Notes Indenture (Talos Energy Inc.), Senior Secured Second Lien Notes Indenture (EnVen Energy Corp)
Deposit of Redemption or Purchase Price. At (a) Prior to 10:00 a.m. Eastern Time (in the case of the Dollar Notes) or before 11:00 a.m. London Time (in the close case of business one Business Day prior to the Euro Notes) on the redemption or purchase date, the Company Issuer will deposit with the Trustee or with the applicable Paying Agent money in U.S. Dollars (in the case of Dollar Notes) and euros (in the case of Euro Notes) sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) on Additional Interest, if any, on, all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Interest, if any, on, all Notes to be redeemed or purchased. .
(b) If the Company Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest and Additional Interest, if any, will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company 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 Notes and in Section 4.01 3.1 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 2 contracts
Samples: Indenture (Infor, Inc.), Indenture (Trisyn Group, Inc.)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) on all Notes Securities to be redeemed or purchased on that date (including any PIK Notes Securities or any increased principal amount of Notes Securities sufficient to pay PIK Interest other than Notes Securities or portions of Notes Securities called for redemption that have been delivered by the Company to the Trustee for cancellation). The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, 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 interest on, all Notes Securities to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Notes Securities or the portions of Notes Securities called for redemption or purchase. If a Note Security is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note Security was registered at the close of business on such record date. If any Note Security called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 Notes Securities and in Section 4.01 hereof. Upon redemption or purchase of any Notes Securities by the Company, such redeemed or purchased Notes Securities will be cancelled.
Appears in 2 contracts
Samples: Indenture (Arazi S.a r.l.), Indenture (Arazi S.a r.l.)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Third Lien Exchangeable Notes to be redeemed or purchased on that date (including any PIK date. The Paying Agent shall promptly mail to each Holder whose Third Lien Exchangeable Notes are to be redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes repurchased the applicable redemption or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, 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 Third Lien Exchangeable Notes to be redeemed or purchased. .
(b) If the 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 Third Lien Exchangeable Notes or the portions of Third Lien Exchangeable Notes called for redemption or purchase. If a Third Lien Exchangeable Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) shall to the redemption or purchase date in respect of such Third Lien Exchangeable Note will be paid on such redemption or purchase date to the Person in whose name such Third Lien Exchangeable Note was is registered at the close of business on such record dateRecord Date. If any Third Lien Exchangeable Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Third Lien Exchangeable Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Samples: Third Lien Exchangeable Senior Secured Pik Notes Indenture (WeWork Inc.)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Senior Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Senior Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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, of (including any applicable premium) and accrued interest on, on all Senior Notes to be redeemed or purchased. If Senior Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Company complies 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 on all Senior Notes to be redeemed or purchased, on and after the redemption or purchase date, interest will shall cease to accrue on the Senior Notes or the portions of Senior 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 Senior Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Senior Note was registered at the close of business on such record date. If any Senior Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company 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 lawful, on any interest not paid on such unpaid principal, in each case case, at the rate provided in the Senior Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Goodman Conveyor Co)
Deposit of Redemption or Purchase Price. At or before the close of business Except in connection with an Escrow Redemption as described in Section 3.08 hereof, one Business Day prior to the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date date. Initially, unless the Trustee or the Paying Agent are directed otherwise in writing by the Company, these funds will be deposited into the LaSalle Enhanced Liquidity Management (including any PIK XXXX) account until such funds are used for the redemption or purchase of the Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company are returned to the Trustee for cancellation)Company. The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, 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 interest and Liquidated Damages, if any, on, all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 such Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Owens Corning)
Deposit of Redemption or Purchase Price. At or before the close of business least one Business Day prior to the redemption or purchase price date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) Liquidated Damages, if any, and Additional Amounts, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, 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 interest and Liquidated Damages, if any, and Additional Amounts, if any, on, all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon In addition, immediately prior to any redemption or purchase repayment of Notes, or any repurchase of Notes by pursuant to a Change of Control Offer, an Asset Sale Offer or an Excess Cash Flow Offer, the Company, Company and the Guarantors will pay any accrued but unpaid Liquidated Damages which have accrued to such redeemed date of redemption or purchased Notes will be cancelleddate of repurchase as the case may be.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (a) No later than 12:00 noon (London time) on the redemption or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company date, subject to the Trustee for cancellation)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 pay 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 Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer 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 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 Notes or the portions of Notes called for redemption or purchase, whether or not such Notes are presented for payment. If a Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) to the redemption or purchase date shall be paid on the optional redemption date or purchase date to the Person in whose name such Note was registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to On the redemption or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cashSpecial Interest, if any) on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest (including Special Interest, if any) on, all Notes to be redeemed or purchased. If the Company Issuer complies with the provisions of the preceding paragraphparagraph and the Trustee or the Paying Agent, as applicable, is not prohibited from paying the money so deposited to the Holders of the Notes pursuant to the terms of Article 13 of this Indenture, on and after the redemption or purchase date, interest will 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 an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) to the redemption or purchase date shall be paid to the Person in whose name such Note was registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company 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 accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At On or before the close of business one Business Day prior to the relevant redemption or purchase date, the Company Issuers will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) Additional Interest, if any, on all Senior Discount Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, Issuers any money deposited with the Trustee or the Paying Agent by the Company Issuers in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Interest, if any, on, all Senior Discount Notes to be redeemed or purchased. If the Company complies Issuers comply with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Senior Discount Notes or the portions of Senior Discount Notes called for redemption or purchase. If a Senior Discount Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Senior Discount Note was registered at the close of business on such record date. If any Senior Discount Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company Issuers 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 Senior Discount Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (VHS of Anaheim Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior Prior to 10:00 a.m. (New York City time) on the redemption or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and premium, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and premium, if any, on, all Notes to be redeemed or purchased. In the event of a redemption pursuant to Section 3.07(a) or 3.08, the Issuer shall make such arrangements as are appropriate to deliver the redemption price on the redemption date or, in the case of a Change of Control Transaction in which consideration will be payable to Persons other than Holders of Notes, as promptly as practicable thereafter consistent with deliveries made to such other Persons. If the Company Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then redemption consideration payable in respect of any accrued and unpaid interest (including PIK Interest) and premium, if any, to the redemption or purchase date shall be paid to the Person in whose name such Note was registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company 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 accrued to the redemption or purchase date and not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled5.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (a) By no later than 12:00 noon (New York City time) on the redemption or purchase date, the Company will Issuers shall deposit with the Trustee Trustee, or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return distribute to the Company, after each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase dateprice thereof, accrued and unpaid interest thereon and Applicable Premium, if any, 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 Issuers any money deposited with the Trustee or the Paying Agent Agents by the Company Issuers in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest and Applicable Premium, if any, on, all Notes to be redeemed or purchased. .
(b) If the Company 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 Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) to the redemption or purchase date shall be paid on the relevant Interest Payment Date to the Person in whose name such Note was registered at the close of business on such record dateRecord Date, and no additional interest shall be payable to Holders whose Notes shall be subject to redemption by the Issuers. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Five Point Holdings, LLC)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (a) No later than 11:00 a.m. (New York City time) on the redemption date, purchase date or purchase dateExcess Amount Payment Date (or such later time as such date to which the Trustee may reasonably agree), as applicable, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the (x) redemption or purchase price of and accrued interest (including any accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date or (including y) Excess Amount (plus any PIK Notes or any increased principal amount of Notes sufficient to pay applicable accrued and unpaid PIK Interest other than on such Excess Amount to, but excluding, the Excess Amount Payment Date), as applicable. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or portions of Notes called for repurchased, including in connection with an Excess Amount Payment, as applicable, the (i) applicable redemption that have been delivered by or purchase price thereof and accrued and unpaid interest thereon or (ii) Excess Amount (plus any applicable accrued and unpaid PIK Interest on such Excess Amount to, but excluding, the Company to the Trustee for cancellationExcess Amount Payment Date), as applicable. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the (I) redemption or purchase price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. purchased or (II) Excess Amount (plus any applicable accrued and unpaid PIK Interest on such Excess Amount to, but excluding, the Excess Amount Payment Date) to be paid, as applicable.
(b) If the Company complies with the provisions of the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, purchase date or Excess Amount Payment Date, as applicable, interest will shall cease to accrue on the Notes or the portions of Notes called for redemption or purchase, including in connection with an Excess Amount Payment, on such date. If a Note is redeemed or purchased purchased, including in connection with an Excess Amount Payment, on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) shall to the redemption date, purchase date or Excess Amount Payment Date, as applicable, in respect of such Note will be paid on such redemption date, purchase date or Excess Amount Payment Date, as applicable, to the Person in whose name such Note was is registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is (other than in connection with an Excess Amount Payment) shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Notes such Note and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At On or before the close of business one Business Day prior to 1 p.m., New York City time (or such later time as the redemption Trustee may agree), on each Redemption Date or purchase date, the Company will Issuer shall deposit with the Trustee or with the Paying Agent money U.S. Dollars sufficient to pay the redemption price or purchase price of of, including premium, if any, and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest, if any, on any and all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes thereof called for redemption or purchase on that date which have been delivered by the Company Issuer to the Trustee for cancellation). The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption price or purchase price of, including premium, if any, and accrued interest onand unpaid interest, if any, on any and all Notes to be redeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on On and after the redemption any Redemption Date or purchase date, interest will cease as the case may be, if money sufficient to accrue pay the redemption price or purchase price of, including premium, if any, and accrued and unpaid interest, if any, on the Notes or the portions of all Notes called for redemption or purchase. If a Note is redeemed purchase shall have been made available in accordance with the immediately preceding paragraph, the Notes called for redemption or purchased purchase will cease to accrue interest and the only right of the Holders of such Notes will be to receive payment of the redemption price or purchase price of and, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date falling on or after an interest record date but on the Redemption Date or prior to the related interest payment purchase date, then any as the case may be, accrued and unpaid interest (including PIK Interest) shall be paid on such Notes to the Person in whose name such Note was registered at the close of business on such record Redemption Date or purchase date. If any Note called surrendered for redemption or purchase is shall not be so paid upon surrender for paid, interest will be paid, from the Redemption Date or purchase date, as the case may be, until such redemption or purchase because of the failure of the Company to comply with the preceding paragraphpayment is made, interest shall be paid on the unpaid principal, from principal of the redemption or purchase date until such principal is paid, Note and (to the extent lawful on permitted by applicable law) any interest not paid on such unpaid principal, in each case at the rate and in the manner provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelledNotes.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will Partnership shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes date. If a Note is redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes purchased on or portions of Notes called for redemption that have been delivered by the Company after a Record Date but on or prior to the Trustee for cancellation)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 Note is registered at the close of business on such Record Date. The Paying Agent shall promptly send 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 Company, after the applicable redemption or purchase date, Partnership any money deposited with the Trustee or the Paying Agent by the Company Partnership 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 Partnership 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 Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK 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 Note was is registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Partnership 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Second Lien Exchangeable Notes to be redeemed or purchased on that date (including any PIK date. The Paying Agent shall promptly mail to each Holder whose Second Lien Exchangeable Notes are to be redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes repurchased the applicable redemption or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, 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 Second Lien Exchangeable Notes to be redeemed or purchased. .
(b) If the 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 Second Lien Exchangeable Notes or the portions of Second Lien Exchangeable Notes called for redemption or purchase. If a Second Lien Exchangeable Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) shall to the redemption or purchase date in respect of such Second Lien Exchangeable Note will be paid on such redemption or purchase date to the Person in whose name such Second Lien Exchangeable Note was is registered at the close of business on such record dateRecord Date. If any Second Lien Exchangeable Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company to comply with the preceding paragraph, Section 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 Second Lien Exchangeable Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Samples: Second Lien Exchangeable Senior Secured Pik Notes Indenture (WeWork Inc.)
Deposit of Redemption or Purchase Price. At On or before the close of business prior to 10:00 a.m., London time, one Business Day prior to the each redemption or purchase date, the Company Issuer will deposit with the Trustee or with the Paying Agent money in same day funds sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company Issuer to the Trustee for cancellation). The Trustee or the Paying Agent will promptly return to the Company, after the applicable redemption or purchase date, Issuer any money deposited with the Trustee or the Paying Agent by the Company Issuer in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, on all 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 Company Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date Record Date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Greif Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will Partnership shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes of any series to be redeemed or purchased on that date (including any PIK Notes date. If a Note of such series is redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes purchased on or portions of Notes called for redemption that have been delivered by the Company after a Record Date but on or prior to the Trustee for cancellation)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 Note is registered at the close of business on such Record Date. The Paying Agent shall promptly mail to each Holder whose Notes of such series 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 Company, after the applicable redemption or purchase date, Partnership any money deposited with the Trustee or the Paying Agent by the Company Partnership in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Notes of such series to be redeemed or purchased. .
(b) If the Company Partnership 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 Notes of any series or the portions of Notes called for redemption or purchase. If a Note of such series is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK 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 Note was is registered at the close of business on such record dateRecord Date. If any Note of any series called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Partnership 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will Holdings shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Holdings upon its written request any money deposited with the Trustee or the Paying Agent by the Company Holdings in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest onand Liquidated Damages, if any, on all Notes to be redeemed or purchased. If the Company complies Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if Holdings 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Holdings 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 Notes and in Section 4.01 4.1 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Ap Holdings Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (a) No later than 10:00 a.m. (New York City time) on the redemption or purchase date, the Company will Issuers shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all 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, if any, shall be paid on the applicable redemption or purchase date (including any PIK to the Holder of record at the close of business on such Record Date, and no additional interest will be payable to Holders whose Notes or any increased principal amount of Notes sufficient are subject to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company Issuers. The Paying Agent shall promptly mail to each Holder whose Notes are to be redeemed or repurchased the Trustee for cancellation)applicable redemption or purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuers any money deposited with the Trustee or the Paying Agent by the Company Issuers 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 Issuers comply with the provisions of Section 3.05(a), unless the preceding paragraphIssuers default in the payment of the redemption or purchase price, on and after the redemption or purchase date, interest will 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 an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Issuers 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one One Business Day prior to 10:00 a.m., Eastern Time, on the redemption date or purchase date, as applicable, the Company will shall deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, 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 any unpaid and accrued interest on, all Notes to be redeemed or purchased. If Notes called for redemption or tendered in a Change of Control Offer are paid or if the Company complies has deposited with the provisions of Trustee or Paying Agent money sufficient to pay the preceding paragraphredemption or purchase price of, and unpaid and accrued interest, if any, on all Notes to be redeemed or purchased, on and after the applicable redemption or purchase date, interest will interest, if any, shall cease to accrue on the Notes or the portions of Notes called for redemption or purchasetendered and not withdrawn in a Change of Control Offer (regardless whether certificates for such Notes are actually surrendered). If a Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) interest, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is subject to a Change of Control Offer shall not be so paid upon surrender for redemption or purchase because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date or purchase date date, as applicable, until such principal 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 Notes and in Section 4.01 4.1 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day (a) With respect to any Dollar Notes, prior to 10:00 a.m. (New York City time) on the redemption or purchase date, the Company will Issuers shall deposit with the Trustee or with the Dollar Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cashAdditional Interest, if any) on all Dollar Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Dollar Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Issuers any money deposited with the Trustee or the Dollar Paying Agent by the Company Issuers in excess of the amounts necessary to pay the redemption or purchase price of, and accrued and unpaid interest on, all Dollar Notes to be redeemed or purchased.
(b) With respect to the Euro Notes, prior to 10:00 a.m. (London time) on the redemption or purchase date, the Issuers shall deposit with the Euro Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest (including Additional Interest, if any) on all Euro Notes to be redeemed or purchased on that date. The Euro Paying Agent shall promptly return to the Issuers any money deposited with the Euro Paying Agent by the Issuers in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest on, all Euro Notes to be redeemed or purchased. If the Company complies Issuers comply with the provisions of the preceding paragraphparagraphs (a) or (b) as applicable, on and after the redemption or purchase date, interest will shall cease to accrue on the Dollar Notes or Euro Notes, as applicable, or the portions of Dollar Notes or Euro Notes, as applicable, called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) to the redemption or purchase date shall be paid to the Person in whose name such Note was registered at the close of business on such record dateRecord Date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company Issuers 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 accrued to the redemption or purchase date not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Global Media USA, LLC)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Senior Notes must be accepted for purchase pursuant to the redemption Section 4.09 or purchase date4.15, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Additional Interest, if any, on all Senior Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Additional Interest, if any, on all Senior Notes to be redeemed or purchased. If Senior Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if the Company complies 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 Additional Interest, if any, on all Senior Notes to be redeemed or purchased, on and after the redemption or purchase datedate interest and Additional Interest, interest will if any, shall cease to accrue on the Senior Notes or the portions of Senior 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 Senior Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK and Additional Interest) , if any, shall be paid to the Person in whose name such Senior Note was registered at the close of business on such record date. If any Senior Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principalprincipal and Additional Interest, if any, from the redemption or purchase date until such principal and Additional Interest, 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 Senior Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Talton Invision Inc)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (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 Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all First Lien Notes to be redeemed or purchased on that date (including any PIK date. The Paying Agent shall promptly mail to each Holder whose First Lien Notes are to be redeemed or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes repurchased the applicable redemption or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, 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 First Lien Notes to be redeemed or purchased. .
(b) If the 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 First Lien Notes or the portions of First Lien Notes called for redemption or purchase. If a First Lien Note is redeemed or purchased on or after an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) shall to the redemption or purchase date in respect of such First Lien Note will be paid on such redemption or purchase date to the Person in whose name such First Lien Note was is registered at the close of business on such record dateRecord Date. If any First Lien Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 First Lien Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Samples: First Lien Senior Secured Pik Notes Indenture (WeWork Inc.)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior to (a) By no later than 10:00 a.m. (New York City time) on the redemption or purchase date, the Company will shall deposit with the U.S. Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The U.S. Trustee or the Paying Agent will Agent, as applicable, shall promptly return distribute to the Company, after each Holder whose Notes are to be redeemed or repurchased the applicable redemption or purchase dateprice thereof and accrued and unpaid interest thereon. The U.S. Trustee or the Paying Agent, as applicable, shall promptly return to the Company any money deposited with the U.S. 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 the preceding paragraphSection 3.05(a), on and after the redemption or purchase date, interest will 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 an interest record date a Record Date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest (including PIK Interest) to the redemption or purchase date shall be paid to the Person in whose name such Note was registered at the close of business on such record dateRecord Date, and no additional interest shall be payable to Holders whose Notes shall be subject to redemption by the Company. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Eldorado Gold Corp /Fi)
Deposit of Redemption or Purchase Price. At or before the close of business one Business Day prior (a) Prior to 11:00 a.m. New York City Time on the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including any accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) thereupon), if any, on all Notes (including any PIK Notes) to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will promptly return to the Companyreturn, after on or following the applicable redemption or purchase repurchase date, 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 interest oninterest, in any, on all Notes (including any PIK Notes) to be redeemed or purchased. .
(b) If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will 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 an interest record date a Regular Record Date but on or prior to the related interest payment datecorresponding Interest Payment Date, then any accrued and unpaid interest (including PIK Interest) up to, but excluding, the Redemption Date or purchase date shall be paid on the Redemption Date or purchase date to the Person in whose name such Note was registered at the close of business on such record dateRegular Record Date in accordance with the applicable procedures of DTC. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled4.01.
Appears in 1 contract
Samples: Indenture (Selina Hospitality PLC)
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, Company upon its written request 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 ofof (including any applicable premium), and accrued interest onand Liquidated Damages, 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 the Company complies 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the 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 Dames, 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Deposit of Redemption or Purchase Price. At On or before 10:00 a.m. (New York City time) on each redemption date or the close of business one Business Day prior date on which Notes must be accepted for purchase pursuant to the redemption Section 4.10 or purchase date4.14, the Company will NEHC shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest (including accrued and unpaid PIK Interest which for the avoidance of doubt shall be paid in cash) interest and Liquidated Damages, if any, on all Notes to be redeemed or purchased on that date (including any PIK Notes or any increased principal amount of Notes sufficient to pay PIK Interest other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation)date. The Trustee or the Paying Agent will shall promptly return to the Company, after the applicable redemption or purchase date, NEHC upon its written request any money deposited with the Trustee or the Paying Agent by the Company NEHC in excess of the amounts necessary to pay the redemption or purchase price ofof (including any applicable premium), and accrued interest onand Liquidated Damages, if any, on all Notes to be redeemed or purchased. If the Company complies Notes called for redemption or tendered in an Asset Sale Offer or Change of Control Offer are paid or if NEHC 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 datedate interest and Liquidated Damages, interest will if any, shall cease to accrue on the Notes or the portions of 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 Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest (including PIK Interest) and Liquidated Damages, if any, shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is shall not be so paid upon surrender for redemption or purchase because of the failure of the Company NEHC 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 Dames, 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 Notes and in Section 4.01 hereof. Upon redemption or purchase of any Notes by the Company, such redeemed or purchased Notes will be cancelled.
Appears in 1 contract
Samples: Indenture (Nebco Evans Holding Co)