Common use of Effectiveness of Redemption Clause in Contracts

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only to the Issuer for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro rata benefit of the holders of the shares units called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of DirectorsManagers, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share unit so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends distributions shall cease to accrue on all shares units so called for redemption, all shares units so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares units shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares units so called for redemption shall look only to the Issuer for payment of the redemption price of such sharesunits.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three (3) years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only to the Issuer for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of DirectorsBoard, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 50 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption a Redemption Notice has been duly given and if if, on or before the redemption date Redemption Date specified in the notice Redemption Notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other assets, in trust or escrow for the pro rata benefit of the holders of shares of Series B Preferred Stock called for redemption, so as to be and continue to be available therefor (subject to applicable escheat laws), or deposited by the Issuer, Corporation with a bank or trust company in trust or escrow for the pro rata benefit of the holders of the shares of Series B Preferred Stock called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the Redemption Date, all shares of Series B Preferred Stock so called for redemption date shall be cancelled and shall cease to be outstanding, all dividends with respect to such shares shall cease to accrue on all shares so called for redemptionsuch Redemption Date, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date Redemption Date cease and terminateterminate without further liability to, or obligation of, the Corporation, except only the right of the holders thereof to receive the amount payable on such redemption from such bank Optional Redemption Price or trust companyMandatory Redemption Price, as applicable, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only to the Issuer for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption a Redemption Notice has been duly given and if if, on or before the redemption date Redemption Date specified in the notice Redemption Notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other assets, in trust or escrow for the pro rata benefit of the holders of shares of Series A Preferred Stock called for redemption, so as to be and continue to be available therefor (subject to applicable escheat laws), or deposited by the Issuer, Corporation with a bank or trust company in trust or escrow for the pro rata benefit of the holders of the shares of Series A Preferred Stock called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the Redemption Date, all shares of Series A Preferred Stock so called for redemption date shall be cancelled and shall cease to be outstanding, all dividends with respect to such shares shall cease to accrue on all shares so called for redemptionsuch Redemption Date, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date Redemption Date cease and terminateterminate without further liability to, or obligation of, the Corporation, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, Redemption Price without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only to the Issuer for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given given, and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the IssuerCompany, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellationcancellation in the case that the shares of this Series are issued in certificated form, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust companyredemption, without interest. Any funds unclaimed at the end of three two years from the redemption date shalldate, to the extent permitted by law, shall be released to from the Issuertrust so established and may be commingled with the Company’s other funds, after which time and thereafter the holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date Redemption Date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders Holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefortherefore, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date Redemption Date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three years from the redemption date Redemption Date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders Holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares. Notwithstanding the foregoing, until the Redemption Date, Holders may continue to exercise their conversion rights provided in Section 7 hereof following the issuance of a notice of redemption by the Corporation.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice Redemption Date all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends Redemption Date interest shall cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Subordinated Notes shall forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three (3) years from the redemption date Redemption Date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall look only to the Issuer Company for payment of the redemption price of such sharesSubordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New YorkIndianapolis, Indiana, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice Redemption Date all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends Redemption Date interest shall cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Subordinated Notes shall forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three (3) years from the redemption date Redemption Date shall, to the extent permitted by lawLaw, be released to the IssuerCompany, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall look only to the Issuer Company for payment of the redemption price of such sharesSubordinated Notes (subject to abandoned property, escheat, or other similar Laws).

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million 5.0 billion and selected by the Board of DirectorsBoard, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interestinterest (it being understood that notwithstanding the foregoing, any share so called for redemption may be converted pursuant to Section 7 prior to the redemption date). Any funds unclaimed at the end of three (3) years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price Redemption Amount of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least US $500 million 1 billion and selected by the Board of DirectorsBoard, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three (3) years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the IssuerCorporation, separate and apart from its other funds, in trust for the pro rata benefit of the holders Holders of the any shares of Series C so called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares of Series C so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyredemption, without interest. Any funds unclaimed at the end of three two years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders Holders of the shares of Series C so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice Redemption Date all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends Redemption Date interest shall cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Subordinated Notes shall forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three years from the redemption date Redemption Date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall look only to the Issuer Company for payment of the redemption price of such sharesSubordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the Issuer, Company in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends shall Redemption Date interest will cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall will no longer be deemed outstanding and all rights with respect to such shares shall Subordinated Notes will forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three two years from the redemption date shallRedemption Date will, to the extent permitted by law, be released to the IssuerCompany, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall will look only to the Issuer Company for payment of the redemption price of such sharesSubordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate (if the shares of Series F Preferred Stock are not in book-entry form) for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate (if the shares of Series E Preferred Stock are not in book-entry form) for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption a Redemption Notice has been duly given and if if, on or before the redemption date Redemption Date specified in the notice Redemption Notice, all funds necessary for the redemption have been set aside by the Corporation, separate and apart from its other assets, in trust or escrow for the pro rata benefit of the holders of shares of Series B‑3 Preferred Stock called for redemption, so as to be and continue to be available therefor (subject to applicable escheat laws), or deposited by the Issuer, Corporation with a bank or trust company in trust or escrow for the pro rata benefit of the holders of the shares of Series B‑3 Preferred Stock called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the Redemption Date, all shares of Series B‑3 Preferred Stock so called for redemption date shall be cancelled and shall cease to be outstanding, all dividends with respect to such shares shall cease to accrue on all shares so called for redemptionsuch Redemption Date, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date Redemption Date cease and terminateterminate without further liability to, or obligation of, the Corporation, except only the right of the holders thereof to receive the amount payable on such redemption from such bank Optional Redemption Price or trust companyMandatory Redemption Price, as applicable, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only to the Issuer for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given given, and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the IssuerCorporation, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer cease to be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares. Any funds so set aside by the Corporation that are not required for such redemption because of the subsequent exercise of any right of conversion shall be released or repaid to the Corporation forthwith.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro rata benefit of the holders of the shares units called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of DirectorsManagers, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share unit so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends distributions shall cease to accrue on all shares units so called for redemption, all shares units so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares units shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption redemp- tion from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Issuer, after which time the holders of the shares units so called for redemption shall look only to the Issuer for payment of the redemption price of such sharesunits.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice Redemption Date all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends Redemption Date interest shall cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Subordinated Notes shall forthwith on such redemption date Redemption Date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three (3) years from the redemption date Redemption Date shall, to the extent permitted by lawLaw, be released to the Issuer, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall look only to the Issuer for payment of the redemption price of such sharesSubordinated Notes (subject to abandoned property, escheat, or other similar Laws).

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders Holders of the shares Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends interest shall cease to accrue on all shares Notes so called for redemption, all shares Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Notes shall forthwith on such redemption date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders Holders of the shares so called for redemption shall look only to the Issuer Company for payment of the redemption price of such shares. Notwithstanding the foregoing, until the redemption date, the Holders may continue to exercise their conversion rights provided in Section 10 hereof following the issuance of a notice of redemption by the Company.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders Holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders Holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCompany, in trust for the pro rata benefit of the holders Holders of the shares Subordinated Notes called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share Subordinated Notes so called for redemption has have not been surrendered for cancellation, on and after the redemption date dividends interest shall cease to accrue on all shares Subordinated Notes so called for redemption, all shares Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares Subordinated Notes shall forthwith on such redemption date cease and terminate, except only the right of the holders Holders thereof to receive the amount payable on such redemption from such bank or trust companyheld in trust, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCompany, after which time the holders Holders of the shares Subordinated Notes so called for redemption shall look only to the Issuer Company for payment of the redemption price of such sharesSubordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of DirectorsDirectors or a duly authorized committee thereof, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate (if the shares of Series A Preferred Stock are not in book-entry form) for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such sharesamounts.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the IssuerCorporation, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such bank or trust companyredemption, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.

Effectiveness of Redemption. If notice of redemption has been duly given under Section 8(d) and if on or before the redemption date specified in the notice all funds necessary for the redemption have been deposited by the IssuerCorporation, in trust for the pro rata benefit of the holders of the shares called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The City of New York, and having a capital and surplus of at least $500 million and selected by the Board of DirectorsBoard, so as to be and continue to be available solely therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date specified in the notice dividends shall cease to accrue on all shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such shares (including voting and consent rights) shall forthwith on such redemption date specified in the notice cease and terminate, except only that the right of the holders thereof to receive the amount payable on such redemption from such bank or trust company, without interestinterest shall survive such cessation and termination. Any funds unclaimed at the end of three years from the redemption date specified in the notice shall, to the extent permitted by law, be released to the IssuerCorporation, after which time the holders of the shares so called for redemption shall look only to the Issuer Corporation for payment of the redemption price of such shares.