Common use of Mandatory Redemption Notice Clause in Contracts

Mandatory Redemption Notice. The Company shall give notice of the Mandatory Redemption (the “Mandatory Redemption Notice”) not later than the second Business Day following satisfaction or waiver of the conditions to the Mandatory Redemption set forth in Section 3.11(b) to each Holder of the Notes. The Mandatory Redemption Notice, if given in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such Mandatory Redemption Notice or any defect in the notice to the Holder of any Note shall not affect the validity of the proceedings for the redemption of any other Notes. The Mandatory Redemption Notice shall state: (i) the date of the Mandatory Redemption (the “Mandatory Redemption Date”), which shall be not less than 5 days after the date of such notice or more than 10 days after the date of such Mandatory Redemption Notice, (ii) the Mandatory Redemption Price, (iii) that on the Mandatory Redemption Date the Mandatory Redemption Price will become due and payable upon each Note, and (iv) the place or places where the Notes are to be surrendered for payment of the Mandatory Redemption Price. The Mandatory Redemption Notice shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company.