Common use of Deposit of Redemption Clause in Contracts

Deposit of Redemption. Prior to 10:00 a.m. New York City time on the Redemption Date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption of, and accrued and unpaid interest on, all Notes to be redeemed. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date 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 is not so paid upon surrender for redemption 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 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 11.01 hereof.

Appears in 2 contracts

Samples: Indenture (Wellcare Health Plans, Inc.), Indenture (Wellcare Health Plans, Inc.)

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Deposit of Redemption. Prior One Business Day prior to 10:00 a.m. New York City time on the Redemption Date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of and accrued interest and Additional Interest, if any, on all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest and unpaid interest Additional Interest, if any, on, all Notes to be redeemed. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record date. If any Note called for redemption is not so paid upon surrender for redemption 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 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 11.01 4.01 hereof.

Appears in 2 contracts

Samples: Indenture (Residential Capital, LLC), Residential Capital, LLC

Deposit of Redemption. Prior At least one Business Day prior to 10:00 a.m. New York City time on the Redemption Dateredemption date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the applicable redemption price of and accrued interest and unpaid Liquidated Damages, if any, on all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest and Liquidated Damages, if any, on, all Notes to be redeemed. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record date. If any Note called for redemption is not so paid upon surrender for redemption 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 redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Indenture (Wca Waste Corp)

Deposit of Redemption. Prior to 10:00 No later than 11:00 a.m. New York City time Eastern Time on the Redemption Dateredemption date, the Company Issuers will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of of, and accrued interest, if any, on, all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company 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 price of, and accrued and unpaid interest interest, if any, on, all Notes to be redeemed. If the Company complies Issuers comply with the provisions of the preceding paragraph, on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date interest, if any, shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record date. If any Note called for redemption 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 Date redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Indenture (Comstock Resources Inc)

Deposit of Redemption. Prior to 10:00 a.m. New York City time on On or before the Redemption Dateredemption or purchase price date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of and accrued interest and Liquidated Damages, if any, on all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and unpaid interest Liquidated Damages, if any, on, all Notes to be redeemedredeemed or purchased. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Dateredemption, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record date. If any Note called for redemption 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 Date redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Von Hoffmann Holdings Inc)

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Deposit of Redemption. Prior to 10:00 No later than 11:00 a.m. New York City time Eastern Time on the Redemption Dateredemption date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of of, and accrued interest, if any, on, all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest interest, if any, on, all Notes to be redeemed. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest to the Redemption Date interest, if any, shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record date. If any Note called for redemption 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 Date redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Indenture (A.W. Realty Company, LLC)

Deposit of Redemption. Prior to 10:00 By 11:00 a.m. New York City time Eastern Time on the Redemption Dateredemption date, the Company will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of and accrued interest (which amount, for the avoidance of doubt, shall be deposited in cash) on all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest on, all Notes to be redeemed. If the Company complies with the provisions of the preceding paragraph, on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment dateInterest Payment Date, then any accrued and unpaid interest to the Redemption Date shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record datedate (which amount, for the avoidance of doubt, shall be deposited in cash). If any Note called for redemption is not so paid upon surrender for redemption 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 redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Brokerage, Inc.)

Deposit of Redemption. Prior to 10:00 No later than 11:00 a.m. New York City time Eastern Time on the Redemption Dateredemption date, the Company Issuer will deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption price of of, and accrued interest, if any, on, all Notes to be redeemed on that date, together with interest accrued to the Redemption Date. The Trustee or the Paying Agent will promptly return to the Company 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 of, and accrued and unpaid interest interest, if any, on, all Notes to be redeemed. If the Company Issuer complies with the provisions of the preceding paragraph, on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest to the Redemption Date interest, if any, shall be paid to the Person in whose name such Note was registered at the Close close of Business business on such record datedate and in accordance with Applicable Procedures. If any Note called for redemption 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 Date redemption 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 11.01 4.01 hereof.

Appears in 1 contract

Samples: Indenture (Berry Petroleum Corp)

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