Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state: (i) the redemption date; (ii) the redemption price; (iii) the amount of interest accrued to the redemption date; (iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and (v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 13 contracts
Samples: Indenture (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-D), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-C), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2006-G)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder holder of Principal Amount Senior Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, applicable Redemption Date at the Holdersuch holder's address or facsimile number appearing in the Senior Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Senior Notes, pursuant to the Issuer Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Senior Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Senior Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Senior Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Senior Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Senior Note.
Appears in 3 contracts
Samples: Indenture (BMW Vehicle Lease Trust 2000-A), Indenture (Ryder Truck Rental I Lp), Indenture (Ryder Truck Rental I Lp)
Form of Redemption Notice. Notice (a) Unless otherwise specified in the Series Supplement relating to a Series of Securitization Bonds, notice of redemption under Section Sections 10.01 or 10.02 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means mailed not less than five days nor more than forty-five (promptly confirmed by mail45) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and Securitization Bonds to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption date, applicable Redemption Date at the such Holder's address or facsimile number appearing in the Note Securitization Bond Register. .
(b) All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceamount of such Securitization Bonds to be redeemed;
(iii) the amount of interest accrued to the redemption date;Redemption Price; and
(iv) the place where Principal Amount Notes such Securitization Bonds are to be surrendered for payment of the redemption price Redemption Price and accrued interest (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and.
(vc) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes Securitization Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Issuer. For so long as any Securitiza tion Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Trustee shall arrange that such notice will also be given by publication in an Authorized Newspaper at least ten (10) days prior to the Redemption Date. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Securitization Bond selected for redemption shall not impair or affect the validity of the redemption of any other Principal Amount NoteSecuritization Bond. Notice of optional redemption shall be irrevocable once given.
Appears in 3 contracts
Samples: Indenture (Consumers Energy Co Financing V), Indenture (Consumers Funding LLC), Indenture (Consumers Funding LLC)
Form of Redemption Notice. (a) Notice of redemption under Section 10.01 10.01(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed not less than 20 days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and to the Credit Enhancer Notes, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify the Rating Agencies upon the redemption of any Class of Notes, pursuant to Section 1(a)(i) of the Administration Agreement. All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(iv) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(viv) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note shall not impair or affect the validity of the redemption of any other Principal Amount Note.
(b) Prior notice of redemption under Section 10.01(b) is not required to be given to Noteholders.
Appears in 3 contracts
Samples: Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial Auto Loans Inc)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. In addition, the Issuer shall notify the Owner Trustee upon redemption of the Notes. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.. 49 (NAROT 2016-B Indenture)
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2016-B Owner Trust), Indenture (Nissan Auto Receivables 2016-B Owner Trust)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. In addition, the Issuer shall notify the Owner Trustee upon redemption of the Notes. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.. 50 (NAROT 2018-C Indenture)
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2018-C Owner Trust), Indenture (Nissan Auto Receivables 2018-C Owner Trust)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's ’s address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption date;
(ii) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. In addition, the Issuer shall notify the Owner Trustee upon redemption of the Notes. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.. 51 (NAROT 2020-B Indenture)
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables Corp Ii), Indenture (Nissan Auto Receivables Corp Ii)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Administration Agreement. 48 (NAROT 2022-B Indenture) All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. In addition, the Issuer shall notify the Owner Trustee upon redemption of the Notes. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2022-B Owner Trust), Indenture (NISSAN AUTO RECEIVABLES Co II LLC)
Form of Redemption Notice. Notice Following receipt by the Indenture Trustee of the Issuer’s notice of redemption under in accordance with Section 10.01 10.1, such notice of redemption shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or other reliable electronic means transmitted not later than ten (promptly confirmed by mail10) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes affected thereby and to the Credit Enhancer each Hedge Counterparty, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's ’s address or facsimile number appearing in the Note Register. The Indenture Trustee shall provide a copy of such notice to each Rating Agency. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption price;Redemption Price or Change of Control Redemption Price, as applicable; and
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price or Change of Control Redemption Price, as applicable (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.024.2); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (Diversified Energy Co PLC), Indenture (Diversified Energy Co PLC)
Form of Redemption Notice. Notice (a) Unless otherwise specified in the Series Supplement relating to a Series, notice of redemption under Section 10.01 or 10.02 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed not less than five days nor more than forty-five days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption date, applicable Redemption Date at the such Holder's ’s address or facsimile number appearing in the Note Transition Bond Register. .
(b) All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceamount of such Transition Bonds to be redeemed;
(iii) the amount of interest accrued to the redemption date;Redemption Price; and
(iv) the place where Principal Amount Notes such Transition Bonds are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and.
(vc) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes Transition Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Transition Bond selected for redemption shall not impair or affect the validity of the redemption of any other Principal Amount NoteTransition Bond. Notice of optional redemption shall be irrevocable once given. For so long as any Transition Bonds are listed on the Luxembourg Stock Exchange and the rules of that exchange so require, notice of redemption also will be given by publication in a daily newspaper in Luxembourg not less than 10 days prior to the date of redemption.
(d) With respect to any notice of redemption of Transition Bonds at the election of the Issuer, unless, upon the giving of such notice, such Transition Bonds shall be deemed to have been paid in accordance with Section 10.01, such notice may state that such redemption shall be conditioned upon the receipt by the Paying Agent, on or prior to the Redemption Date, of money sufficient to pay the Redemption Price and that if such money shall not have been so received, such notice shall be of no force or effect and the Issuer shall not be required to redeem such Transition Bonds. In the event that such notice of redemption contains such a condition and the Redemption Price is not so received, the redemption shall not be made and within a reasonable time thereafter notice shall be given, in the manner in which the notice of redemption was given, that such Redemption Price was not so received and such redemption was not required to be made, and the Paying Agent shall promptly return to the surrendering Holders all Transition Bonds that had been surrendered for payment upon such redemption.
Appears in 2 contracts
Samples: Indenture (JCP&L Transition Funding II LLC), Indenture (JCP&L Transition Funding II LLC)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. In addition, the Issuer shall notify the Owner Trustee upon redemption of the Notes. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.. 49 (NAROT 2016-C Indenture)
Appears in 2 contracts
Samples: Indenture (Nissan Auto Receivables 2016-C Owner Trust), Indenture (Nissan Auto Receivables 2016-C Owner Trust)
Form of Redemption Notice. Notice Following receipt by the Indenture Trustee of the Issuer’s notice of redemption under in accordance with Section 10.01 10.1, such notice of redemption shall be posted to the Indenture Trustee’s website for distributing information to the Noteholders and given by the Indenture Trustee by first-class mail, overnight mail or postage prepaid, or by facsimile or other reliable electronic means prepaid not later than thirty (promptly confirmed by mail30) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes Noteholder affected thereby and to the Credit Enhancer each Hedge Counterparty, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the Holder's such Noteholder’s address or facsimile number appearing in the Note Register. The Indenture Trustee shall provide a copy of such notice to each Rating Agency. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption price;Redemption Price or Change of Control Redemption Price, as applicable; and
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price or Change of Control Redemption Price, as applicable (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.024.2); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (Diversified Energy Co PLC), Indenture (Diversified Energy Co PLC)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption date;
; (ii) the redemption price;
; (iii) the amount of interest accrued to the redemption date;
; (iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
and (v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (Cwabs Inc Revolving Hm Equ Ln Asst Back NTS Ser 2003-B), Indenture (Cwabs Inc)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption date;
(ii) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 2 contracts
Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2006-A), Indenture (CWHEQ, Inc.)
Form of Redemption Notice. Notice Following receipt by the Indenture Trustee of the Issuer’s notice of redemption under in accordance with Section 10.01 10.1, such notice of redemption shall be posted to the Indenture Trustee’s website for distributing information to the Noteholders and given by the Indenture Trustee by first-class mail, overnight mail, postage prepaid, or by facsimile or other reliable electronic means prepaid not later than thirty (promptly confirmed by mail30) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes affected thereby and to the Credit Enhancer each Hedge Counterparty, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's ’s address or facsimile number appearing in the Note Register. The Indenture Trustee shall provide a copy of such notice to each Rating Agency. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption price;Redemption Price or Change of Control Redemption Price, as applicable; and
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price or Change of Control Redemption Price, as applicable (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.024.2); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Form of Redemption Notice. Notice (a) Unless otherwise specified in the Series Supplement relating to a Series of Securitization Bonds, notice of redemption under Section Sections 10.01 or 10.02 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means mailed not less than five days nor more than forty-five (promptly confirmed by mail45) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and Securitization Bonds to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption date, applicable Redemption Date at the such Holder's address or facsimile number appearing in the Note Securitization Bond Register. .
(b) All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceSeries and amount of such Securitization Bonds to be redeemed;
(iii) the amount of interest accrued to the redemption date;Redemption Price; and
(iv) the place where Principal Amount Notes such Securitization Bonds are to be surrendered for payment of the redemption price Redemption Price and accrued interest (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and.
(vc) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes Securitization Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Issuer. For so long as any Securitization Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the Trustee shall arrange that such notice will also be given by publication in an Authorized Newspaper at least ten (10) days prior to the Redemption Date. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Securitization Bond selected for redemption shall not impair or affect the validity of the redemption of any other Principal Amount NoteSecuritization Bond. Notice of optional redemption shall be irrevocable once given.
Appears in 1 contract
Samples: Indenture (Detroit Edison Securitization Funding LLC)
Form of Redemption Notice. Notice of redemption under Section 10.01 11.1 hereof shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or other reliable electronic means (promptly confirmed by mail) transmitted not later than ten days prior to the applicable Redemption Date to each Holder of Principal Amount the Notes and to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(a) the Redemption Date;
(b) the Redemption Price;
(c) that on a Redemption Date, if the Notes are not to be paid in full, (i) the redemption dateRedemption Price will become due and payble only with respect to the Notes as shall be specified in such notice and that the amount payable in respect of the redeemed Notes shall be limited to the Redemption Price therefor and (ii) that interest thereon shall cease to accrue on the date specified on the notice for, and that payment of the Redemption Price will be made to, the Persons whose names appear as the registered holders thereof on the Note Register as of the Record Date applicable to such Redemption Date and identified in such notice of redemption;
(d) that on a Redemption Date, if the Notes are to be paid in full, (i) the fact of such payment in full and that interest thereon shall cease to accrue on the date specified on the notice and (ii) that the redemption price;payment of all other amounts described in Section 7.01(a)(ii) of the Servicing Agreement will be made; and
(iii) the amount of interest accrued to the redemption date;
(ive) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.023.02 hereof); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Form of Redemption Notice. Notice Notices of redemption under Section 10.01 redemptions of Notes shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder in the name and at the expense of Principal Amount Notes the Issuer and shall be mailed no later than 10 days prior to the Credit Enhancer as Redemption Date to the Persons who were Holders of the close of business such Notes on the Record Date preceding that would otherwise be applicable to the redemption date, at the Holder's address or facsimile number appearing in the Note RegisterDistribution Date on which such notes are to be redeemed. All notices of redemption shall state:
(i1) the redemption date;Redemption Date,
(ii2) the redemption price;Redemption Price and
(iii) the amount of interest accrued to the redemption date;
(iv3) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that no interest shall accrue on such Note for any period after the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuerdate fixed for redemption. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note selected for redemption shall not impair or affect the validity of the redemption of any other Principal Amount Note. Notice of redemption having been given as provided in section 10. 02, the Notes so to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date. Upon surrender of such Notes for redemption in accordance with said notice such Notes shall be paid by or on behalf of the Issuer at the Redemption Price.
Appears in 1 contract
Form of Redemption Notice. Notice of redemption under Section 10.01 14.1 shall be given by the Indenture Trustee by facsimile or by first-class mail, postage prepaid, transmitted or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed no later than one day prior to the applicable Redemption Date to each Holder of Principal Amount Notes and (other than the Class R Notes) of the Series to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's ’s address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceRedemption Price (and the amounts payable out of the Reserve Account, the Collection Account and the Payment Account pursuant to clauses (a) through (d) of the definition of “Redemption Price” to the Secured Parties, including such amounts payable to the Noteholders of each Class of Series 2018-A Notes);
(iii) that the amount Record Date otherwise applicable to such Redemption Date is not applicable and that payments shall be made only upon presentation and surrender of interest accrued to the redemption date;
(iv) such Notes and the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.028.2); and
(viv) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note to be redeemed shall not impair or affect the validity of the redemption of any other Principal Amount Note. The Trustee shall be entitled to conclusively rely on the notice of redemption delivered to it pursuant to Section 14.2 in making any redemption payments or distributions pursuant to this Indenture.
Appears in 1 contract
Samples: Base Indenture (Conns Inc)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
: (i) the redemption date;
; (ii) ii )the redemption price;
; (iii) the amount of interest accrued to the redemption date;
; (iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
and (v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Samples: Indenture (Cwabs Inc)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date of the month preceding the redemption date, month of the applicable Redemption Date at the Holder's such Xxxxxx’s address or facsimile number appearing in the Note Register. In addition, the Administrative Agent shall notify each Rating Agency upon the redemption of the Notes, pursuant to the Trust Administration Agreement. All notices of redemption shall state:
(ia) the redemption dateRedemption Date; 67 (NALT 20[●]-[●] Indenture)
(b) the Redemption Price;
(ii) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount the Notes to be redeemed are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer Issuing Entity to be maintained pursuant to as provided in Section 3.02); and
(vd) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount such Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the IssuerIssuing Entity. Failure to give notice of redemption, redemption (or any defect in it, therein) to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Samples: Indenture (Nissan-Infiniti Lt)
Form of Redemption Notice. Notice (a) Notices of redemption under Section 10.01 Redemption of Bonds shall be prepared by the Issuer and given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption date;
(ii) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Issuer at the following times and to the following Persons: Notice of any Redemption of the Bonds shall be mailed by registered mail no later than sixty (60) days prior to such Redemption Date to the Persons who were Holders of the Bonds to be redeemed on the related Record Date;
(b) All notices of Redemption shall state:
(i) the Record Date and the Redemption Date,
(ii) the Redemption Price,
(iii) the name and address of the Paying Agent (which may be the Trustee), and
(iv) that on such Redemption Date the Redemption Price will become due and payable with respect to the principal amount of each Bond as shall be specified in such notice, that the amount payable in respect of the principal amount of each such Bond so redeemed shall be limited to the Redemption Price therefor, that no interest shall accrue on such principal amount of Bonds to be redeemed for any period after the Redemption Date.
(c) Failure to give notice of redemptionRedemption, or any defect in ittherein, to any Holder of any Principal Amount Note Bond selected for Redemption shall not impair or affect the validity of the redemption Redemption of any other Principal Amount NoteBond.
Appears in 1 contract
Samples: Indenture (Warren Resources Inc)
Form of Redemption Notice. (a) Notice of redemption under Section 10.01 10.01(a) shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed not less than 20 days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and to the Credit Enhancer Notes, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's address or facsimile number appearing in the Note Register. In addition, the Administrator shall notify the Rating Agencies upon the redemption of any Class of Notes, pursuant to Section 1(a)(i) of the Administration Agreement. All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceRedemption Price;
(iii) the amount of interest accrued to the redemption dateRepurchase Premium, if any;
(iv) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.02); and
(v) that on the redemption dateRedemption Date, the redemption price Redemption Price will become due and payable on upon each Principal Amount Note and that interest on the Principal Amount Notes thereon shall cease to accrue beginning on from and after the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give any required notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note shall not impair or affect the validity of the redemption of any other Principal Amount Note.
(b) Notwithstanding the foregoing, prior notice of redemption under Section 10.01(b) is not required to be given to Noteholders.
Appears in 1 contract
Samples: Indenture (WFS Receivables Corp 3)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register. All notices of redemption shall state:
: (i) the redemption date;
; (ii) the redemption price;
; (iii) the amount of interest accrued to the redemption date;
; (iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
and (v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Samples: Indenture (Cwabs Inc)
Form of Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer Noteholder as of the close of business on the Record Date preceding the redemption date, at the Holder's ’s address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption date;
(ii) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(iv) the place where Principal Amount Notes are to be surrendered for payment of the redemption price (which shall be the office or agency of the Issuer maintained pursuant to Section 3.02); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in it, to any Holder of any Principal Amount Note shall not affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G)
Form of Redemption Notice. Notice of redemption under Section 10.01 14.1 shall be given by the Indenture Trustee by facsimile or by first-class mail, postage prepaid, transmitted or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed no later than one day prior to the applicable Redemption Date to each Holder of Principal Amount Notes and (other than the Class R Notes) of the Series to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's ’s address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(i) the redemption dateRedemption Date;
(ii) the redemption priceRedemption Price (and the amounts payable out of the Reserve Account, the Collection Account and the Payment Account pursuant to clauses (a) through (d) of the definition of “Redemption Price” to the Secured Parties, including such amounts payable to the Noteholders of each Class of Series 2019-B Notes);
(iii) that the amount Record Date otherwise applicable to such Redemption Date is not applicable and that payments shall be made only upon presentation and surrender of interest accrued to the redemption date;
(iv) such Notes and the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.028.2); and
(viv) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption dateRedemption Date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note to be redeemed shall not impair or affect the validity of the redemption of any other Principal Amount Note. The Trustee shall be entitled to conclusively rely on the notice of redemption delivered to it pursuant to Section 14.2 in making any redemption payments or distributions pursuant to this Indenture.
Appears in 1 contract
Samples: Base Indenture (Conns Inc)
Form of Redemption Notice. Notice Following receipt by the Indenture Trustee of the Issuer’s notice of redemption under in accordance with Section 10.01 10.1, such notice of redemption shall be posted to the Indenture Trustee’s website for distributing information to the Noteholders and given by the Indenture Trustee by first-class mail, overnight mail or postage prepaid, or by facsimile or other reliable electronic means prepaid not later than thirty (promptly confirmed by mail30) days prior to the applicable Redemption Date to each Holder of Principal Amount Notes Noteholder affected thereby and to the Credit Enhancer each Hedge Counterparty, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the Holder's such Noteholder’s address or facsimile number appearing in the Note Register. The Indenture Trustee shall provide a copy of such notice to each Rating Agency. All notices of redemption shall state:
(ia) the redemption dateRedemption Date;
(iib) the redemption price;Redemption Price or Change of Control Redemption Price, as applicable; and
(iii) the amount of interest accrued to the redemption date;
(ivc) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price or Change of Control Redemption Price, as applicable (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.024.2); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Noteholder shall not impair or affect the validity of the redemption of any other Principal Amount Note. Notwithstanding the foregoing, the foregoing satisfaction and discharge of the Indenture only applies to the Notes and the Noteholders subject to the terms in this Article X. The Indenture shall not terminate and cease to be of further effect with respect to any of the Hedge Counterparties or any of the Hedge Agreements until and unless all of the Hedge Agreements have terminated and all payments thereunder, including the termination value, have been paid in full.
Appears in 1 contract
Form of Redemption Notice. Notice Unless otherwise specified in the Series Supplement relating to a Series of Transition Bonds, notice of redemption under Section 10.01 hereof shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) mailed not less than five days nor more than 45 days prior to the applicable Redemption Date to each Holder of Principal Amount Notes and Transition Bonds to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption date, applicable Redemption Date at the such Holder's address or facsimile number appearing in the Note Transition Bond Register. All notices of redemption shall state:
(i1) the redemption dateRedemption Date;
(ii2) if less than all Outstanding Transition Bonds of any Series are to be redeemed, the identification (and in the case of partial redemption of any Transition Bonds, the principal amounts) of the particular Transition Bonds to be redeemed;
(3) the redemption price;
(iii) the amount of interest accrued to the redemption date;
(iv4) the place where Principal Amount Notes such Transition Bonds are to be surrendered for payment of the redemption price and accrued interest (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in the first paragraph of Section 3.023.02 hereof);
(5) the CUSIP number, if applicable; and
(v6) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease principal amount of Transition Bonds to accrue beginning on the redemption datebe redeemed. Notice of redemption of the Principal Amount Notes Transition Bonds to be redeemed shall be given by the Indenture Trustee in the name and at the expense of the Issuer. For so long as any Transition Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so require, the 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 Redemption Date. Failure to give notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note Transition Bond selected for redemption shall not impair or affect the validity of the redemption of any other Principal Amount NoteTransition Bond. Notice of optional redemption shall be irrevocable once given.
Appears in 1 contract
Samples: Indenture (CenterPoint Energy Transition Bond CO II, LLC)
Form of Redemption Notice. Notice of redemption under Section 10.01 hereof shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or other reliable electronic means (promptly confirmed by mail) transmitted not later than 10 days prior to the applicable Redemption Date to each Holder of Principal Amount each Class of Notes and to the Credit Enhancer be redeemed, as of the close of business on the Record Date preceding the redemption dateapplicable Redemption Date, at the such Holder's ’s address or facsimile number appearing in the Note Register. All notices of redemption shall state:
(a) the Redemption Date;
(b) the Redemption Price;
(c) that on a Redemption Date, if all Classes of Notes are not to be paid in full, (i) the redemption dateRedemption Price will become due and payble only with respect to the Classes of Notes as shall be specified in such notice and that the amount payable in respect of the redeemed Classes of Notes shall be limited to the Redemption Price therefor and (ii) that interest thereon shall cease to accrue on the date specified on the notice for, and that payment of the Redemption Price will be made to, the Persons whose names appear as the registered holders thereof on the Note Register as of the Record Date applicable to such Redemption Date and identified in such notice of redemption;
(d) that on a Redemption Date, if all Classes of Notes are to be paid in full, (i) the fact of such payment in full and that interest thereon shall cease to accrue on the date specified on the notice and (ii) that the redemption price;payment of all other amounts described in Section 7.01(a)(ii) of the Sale and Servicing Agreement will be made; and
(iii) the amount of interest accrued to the redemption date;
(ive) the place where Principal Amount such Notes are to be surrendered for payment of the redemption price Redemption Price (which shall be the office or agency of the Issuer to be maintained pursuant to as provided in Section 3.023.02 hereof); and
(v) that on the redemption date, the redemption price will become payable on each Principal Amount Note and that interest on the Principal Amount Notes shall cease to accrue beginning on the redemption date. Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name of the Issuer and at the expense of the Issuerholder of the Residual Interest Certificate. Failure to give to any Holder of any Note notice of redemption, or any defect in ittherein, to any Holder of any Principal Amount Note shall not impair or affect the validity of the redemption of any other Principal Amount Note.
Appears in 1 contract
Samples: Indenture (Structured Asset Securities Corp Mort Back Notes Ser 2002 9)