Common use of Effectiveness of Redemption Clause in Contracts

Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption, interest shall cease to accrue on this Note, this Note shall no longer be deemed outstanding and all rights with respect to this Note shall forthwith on such date fixed for redemption cease and terminate unless Company shall default in the payment of the redemption price, except only the right of the Holder hereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption, redemption interest shall cease to accrue on this Subordinated Note, this Subordinated Note shall no longer be deemed outstanding and all rights with respect to this Subordinated Note shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Holder holder hereof to receive the amount payable on with respect to such redemption, without interest.

Effectiveness of Redemption. If notice of redemption has been duly given given, and notwithstanding that this Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption, interest shall cease to accrue on this Note, this Note shall no longer be deemed outstanding and all rights with respect to this Note shall forthwith on such date fixed for redemption cease and terminate unless Company the Issuer shall default in the payment of the redemption price, except only the right of the Holder hereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption, redemption interest shall cease to accrue on this Note, this Note shall no longer be deemed outstanding and all rights with respect to this Note shall forthwith on such date fixed for redemption cease and terminate unless Company the Issuer shall default in the payment of the redemption price, except only the right of the Holder hereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Note has been any Notes so called for redemption but has have not yet been surrendered for cancellation, on and after the date fixed for redemption, Redemption Date interest shall cease to accrue on this Noteall Notes so called for redemption, this Note all Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to this Note such Notes shall forthwith on such date fixed for redemption Redemption Date cease and terminate (unless the Company shall default in the payment of the redemption price), except only the right of the Holder hereof thereof to receive the amount payable on such redemption, without interest.