Effect of Redemption Notice. Once a Redemption Notice is given, Securities called for redemption become due and payable on the Redemption Date and at the Redemption Price stated in the Redemption Notice except for Securities that are converted in accordance with the terms of this Indenture. Upon surrender to the Paying Agent, such Securities shall be paid at the Redemption Price stated in the Redemption Notice. A Holder’s conversion rights on Securities called for redemption will expire at the Close of Business on the Business Day immediately preceding the Redemption Date, unless the Company defaults in payment of the Redemption Price.
Appears in 7 contracts
Samples: First Supplemental Indenture (Evergreen Solar Inc), Indenture (Evergreen Solar Inc), First Supplemental Indenture (Evergreen Solar Inc)
