Common use of Mandatory Redemption on a Permitted Asset Sale Clause in Contracts

Mandatory Redemption on a Permitted Asset Sale. Subject to the terms of the Subordination Agreement (Senior) and the Subordination Agreement (Junior) until the principal amount of the Securities and all other amounts due under this Indenture are paid in full, Issuer shall pay to the Trustee for the benefit of Holders an amount equal to the amount of all Net Sale Proceeds from a Permitted Asset Sale upon receipt, but no later than thirty days after such sale (the date of such payment to the Trustee for the benefit of Holders, the "Permitted Asset Sale Purchase Date"). Such redemption shall be conducted in accordance with Article III hereof. INDENTURE (16% Junior Subordinated)