Election by Company to Redeem Notes. The Notes shall be redeemable prior to the Stated Maturity thereof on any Interest Reset Date, upon notice as provided in this Article 5, as a whole, at the option of the Company; provided, however, that the Company may not redeem any Notes pursuant to such option prior to December 15, 2001. Any such redemption shall be at the redemption price of 100% of the principal amount of the Notes redeemed, together with accrued and unpaid interest on the principal amount to be redeemed to the redemption date. The election of the Company to redeem any Notes shall be evidenced by a Certified Resolution. Whenever any of the Notes Outstanding are to be redeemed pursuant to this Section 5.1, the Company shall give the Trustee at least sixty (60) days' written notice (or such shorter period of time as is acceptable to the Trustee) prior to the Interest Reset Date fixed for redemption.
Appears in 2 contracts
Samples: Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp)
Election by Company to Redeem Notes. The Notes shall be redeemable at any time prior to the Stated Maturity thereof on any Interest Reset Datethereof, upon notice as provided in this Article 5, as a wholewhole at any time, or in part from time to time (but only in principal amounts of $1,000 or any integral multiple thereof), at the option of the Company; provided, however, that the Company may not redeem any Notes pursuant to such option prior to December 15November 1, 20011999. Any such redemption shall be at the applicable redemption price of 100% prices (expressed in percentages of the principal amount of amount) set forth in the Notes redeemed, together with accrued and unpaid interest on the principal amount to be redeemed to the redemption dateRedemption Date. The election of the Company to redeem any Notes shall be evidenced by a Certified Resolution. Whenever any of the Notes Outstanding are to be redeemed pursuant to this Section 5.1, the Company shall give the Trustee at least sixty (60) days' written notice (or such shorter period of time as is acceptable to the Trustee) prior to the Interest Reset Redemption Date fixed for redemptionof such Redemption Date and of the principal amount of Notes to be redeemed.
Appears in 1 contract
Election by Company to Redeem Notes. The Notes shall be redeemable at any time prior to the Stated Maturity thereof on any Interest Reset Datethereof, upon notice as provided in this Article 5, as a wholewhole at any time, or in part from time to time (but only in principal amounts of $1,000 or any integral multiple thereof), at the option of the Company; provided, however, that the Company may not redeem any Notes pursuant to such option prior to December 15November 1, 2001____. Any such redemption shall be at the applicable redemption price of 100% prices (expressed in percentages of the principal amount of amount) set forth in the Notes redeemed, together with accrued and unpaid interest on the principal amount to be redeemed to the redemption dateRedemption Date. The election of the Company to redeem any Notes shall be evidenced by a Certified Resolution. Whenever any of the Notes Outstanding are to be redeemed pursuant to this Section 5.1, the Company shall give the Trustee at least sixty (60) days' written notice (or such shorter period of time as is acceptable to the Trustee) prior to the Interest Reset Redemption Date fixed for redemptionof such Redemption Date and of the principal amount of Notes to be redeemed.
Appears in 1 contract