Common use of Election by Company to Redeem Notes Clause in Contracts

Election by Company to Redeem Notes. The Notes of any series shall be redeemable at any time prior to the Stated Maturity thereof, upon notice as provided in this Article 6, as a whole 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, commencing on the date or dates set forth in the applicable supplemental indenture for each series of Notes, on not less than 30 nor more than 60 days' notice given as provided in the Indenture or any applicable supplemental indenture upon payment of the then applicable redemption price (expressed in percentages of the principal amount) set forth in the applicable supplemental indenture, together in each case with accrued and unpaid interest to the date fixed for redemption, all subject to the conditions more fully set forth in the applicable supplemental indenture. The election of the Company to redeem any Notes shall be evidenced by an Officer's Certificate. Whenever any of the Notes outstanding are to be redeemed pursuant to this Section 6.1, 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 Redemption Date of such Redemption Date and of the principal amount of Notes to be redeemed.

Appears in 2 contracts

Samples: Sholodge Inc, Sholodge Inc

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Election by Company to Redeem Notes. The Notes of any series shall be redeemable at any time prior to the Stated Maturity thereof, upon notice as provided in this Article 6, as a whole 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, prior to maturity, commencing on the date or dates set forth in the applicable supplemental indenture for each series of NotesNotes , on not less than 30 nor more than 60 days' notice given as provided in the Indenture or any applicable supplemental indenture upon payment of the then applicable redemption price (expressed in percentages of the principal amount) set forth in the applicable supplemental indenture, indenture under the heading "General Redemption Prices," together in each case with accrued and unpaid interest to the date fixed for redemption, all subject to the conditions more fully set forth in the applicable supplemental indenture. The election of the Company to redeem any Notes shall be evidenced by an Officer's Certificate. Whenever any of the Notes outstanding are to be redeemed pursuant to this Section 6.1, 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 Redemption Date of such Redemption Date and of the principal amount of Notes to be redeemed.

Appears in 1 contract

Samples: Sholodge Inc

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Election by Company to Redeem Notes. The Notes of any series shall be redeemable at any time prior to the Stated Maturity thereof, upon notice as provided in this Article 6ARTICLE 5, as a whole 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, commencing on the date or dates set forth in the applicable supplemental indenture for each series of Notes, on not less than 30 nor more than 60 days' notice given as provided in the Indenture or any applicable supplemental indenture upon payment of the then applicable redemption price (expressed in percentages of the principal amount) set forth in the applicable supplemental indenture, together in each case with accrued and unpaid interest to the date fixed for redemption, all subject to the conditions more fully set forth in the applicable supplemental indenture. The election of the Company to redeem any Notes shall be evidenced by an Officer's Certificatea Certified Resolution. Whenever any of the Notes outstanding are to be redeemed pursuant to this Section 6.1SECTION 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 Redemption Date of such Redemption Date and of the principal amount of Notes to be redeemed.

Appears in 1 contract

Samples: Litchfield Financial Corp /Ma

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