Common use of Form of Optional Redemption Notice Clause in Contracts

Form of Optional Redemption Notice. Unless otherwise specified in the Issuance Certificate or Series Supplement relating to a Series of Notes, notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the applicable Optional Redemption Date to each Holder of Notes to be redeemed, as of the close of business on the Record Date preceding the applicable Optional Redemption Date at such Holder's address appearing in the Note Register. All notices of redemption shall state: (1) the Optional Redemption Date; (2) the Optional Redemption Price; (3) if less than all the Notes which remain Outstanding of any Series are to be redeemed, the identification (and in the case of partial redemption of any Notes, the principal amounts) of the particular Notes to be redeemed; (4) the place where such Notes are to be surrendered for payment of the Optional Redemption Price (which shall be the office or agency of the Note Issuer to be maintained as provided in Section 3.02); (5) the CUSIP number, if applicable; and (6) the principal amount of Notes to be redeemed. Notice of redemption of the Notes to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Note Issuer. For so long as any Notes are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Indenture Trustee shall arrange that such notice will also be given by publication pursuant to such rules at least ten (10) days prior to the Optional Redemption Date. Failure to give notice of redemption, or any defect therein, to any Holder of any Note selected for redemption shall not impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Samples: Indenture (CPL Transition Funding LLC), Indenture (CPL Transition Funding LLC)

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Form of Optional Redemption Notice. Unless otherwise specified in the Issuance Certificate or Series Supplement relating to a Series of NotesBonds, notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 45 days prior to the applicable Optional Redemption Date to each Holder of Notes Bonds to be redeemed, as of the close of business on the Record Date preceding the applicable Optional Redemption Date at such Holder's address appearing in the Note Securities Register. All notices of redemption shall state: (1) the Optional Redemption Date; (2) the Optional Redemption Price; (3) if less than all the Notes Bonds which remain Outstanding of any Series are to be redeemed, the identification (and in the case of partial redemption of any NotesBonds, the principal amounts) of the particular Notes Bonds to be redeemed; (4) the place where such Notes Bonds are to be surrendered for payment of the Optional Redemption Price (which shall be the office or agency of the Note Issuer to be maintained as provided in Section 3.02); (5) the CUSIP number, if applicable; and (6) the principal amount of Notes Bonds to be redeemed. Notice of redemption of the Notes Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Note Issuer. For so long as any Notes Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Indenture Trustee Issuer's listing agent shall arrange that such notice will also be given by publication pursuant to such rules at least ten (10) days prior to the Optional Redemption Date. Failure to give notice of redemption, or any defect therein, to any Holder of any Note Bond selected for redemption shall not impair or affect the validity of the redemption of any other NoteBond.

Appears in 2 contracts

Samples: Indenture (Oncor Electric Delivery Transition Bond Co LLC), Indenture (Oncor Electric Delivery Transition Bond Co LLC)

Form of Optional Redemption Notice. Unless otherwise specified in the Issuance Certificate or Series Supplement relating to a Series of NotesBonds, notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the applicable Optional Redemption Date to each Holder of Notes Bonds to be redeemed, as of the close of business on the Record Date preceding the applicable Optional Redemption Date at such Holder's address appearing in the Note Securities Register. All notices of redemption shall state: (1) the Optional Redemption Date; (2) the Optional Redemption Price; (3) if less than all the Notes Bonds which remain Outstanding of any Series are to be redeemed, the identification (and in the case of partial redemption of any NotesBonds, the principal amounts) of the particular Notes Bonds to be redeemed; (4) the place where such Notes Bonds are to be surrendered for payment of the Optional Redemption Price (which shall be the office or agency of the Note Issuer to be maintained as provided in Section 3.02); (5) the CUSIP number, if applicable; and (6) the principal amount of Notes Bonds to be redeemed. Notice of redemption of the Notes Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Note Issuer. For so long as any Notes Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Indenture Trustee shall arrange that such notice will also be given by publication pursuant to such rules at least ten (10) days prior to the Optional Redemption Date. Failure to give notice of redemption, or any defect therein, to any Holder of any Note Bond selected for redemption shall not impair or affect the validity of the redemption of any other NoteBond.

Appears in 1 contract

Samples: Indenture (Oncor Electric Delivery Transition Bond Co LLC)

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Form of Optional Redemption Notice. Unless Notice of redemption under Optional Redemption by Issuer. The Issuer may, at its option, redeem all, but not less than all, of the Bonds on any Payment Date if, after giving effect to payments that would otherwise specified be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Bonds to be redeemed plus accrued and unpaid interest thereon at the Bond Interest Rate to the Optional Redemption Date (such price being called the "Optional Redemption Price"). If the Issuer shall elect to redeem the Bonds pursuant to this , it shall furnish written notice (which notice shall state all items listed in the Issuance Certificate or Series Supplement relating to a Series Form of Notes, notice Optional Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the applicable Optional Redemption Date to each Holder of Notes Bonds to be redeemed, as of the close of business on the Record Date preceding the applicable Optional Redemption Date at such Holder's address appearing in the Note Register.) of such election to the Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Form of Optional Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the Optional Redemption Date to each Holder of Bonds to be redeemed, as of the close of business on the Record Date preceding the Optional Redemption Date at such Holder's address appearing in the Register. to each Holder of the Bonds pursuant to this . shall be given by the Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the Optional Redemption Date to each Holder of Bonds to be redeemed, as of the close of business on the Record Date preceding the Optional Redemption Date at such Holder's address appearing in the Register. All notices of redemption shall state: (1i) the Optional Redemption Date; (2ii) the Optional Redemption Price;; and (3) if less than all the Notes which remain Outstanding of any Series are to be redeemed, the identification (and in the case of partial redemption of any Notes, the principal amounts) of the particular Notes to be redeemed; (4iii) the place where such Notes Bonds are to be surrendered for payment of the Optional Redemption Price (which shall be the office or agency of the Note Issuer to be maintained as provided in Section 3.02Maintenance of Office or Agency. The Issuer will maintain in the Borough of Manhattan, The City of New York, an office or agency where Bonds may be surrendered for registration of transfer or exchange. The Issuer hereby initially appoints the Trustee to serve as its agent for the foregoing purposes. The Issuer will give prompt written notice to the Trustee of the location, and of any change in the location, of any such office or agency. If at any time the Issuer shall fail to maintain any such office or agency or shall fail to furnish the Trustee with the address thereof, such surrenders may be made at the Corporate Trust Office, and the Issuer hereby appoints the Trustee as its agent to receive all such surrenders.); (5) the CUSIP number, if applicable; and (6) the principal amount of Notes to be redeemed. Notice of redemption of the Notes Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Note Issuer. For so long as any Notes are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Indenture Trustee shall arrange that such notice will also be given by publication pursuant to such rules at least ten (10) days prior to the Optional Redemption Date. Failure to give notice of redemption, or any defect therein, to any Holder of any Note selected Bonds elected for redemption shall not impair or affect the validity of the redemption of any other NoteBond.

Appears in 1 contract

Samples: Indenture (PSNH Funding LLC)

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