Common use of Method and Effect of Redemption Clause in Contracts

Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iii) the place or places where Notes are to be surrendered for redemption; (iv) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vi) if any Note contains a ISIN or Common Code number, no representation is being made as to the correctness of the ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall cease to accrue on the Notes or portions of them called for redemption.

Appears in 6 contracts

Samples: Indenture (Xinyuan Real Estate Co., Ltd.), Indenture (Xinyuan Real Estate Co., Ltd.), Indenture (Xinyuan Real Estate Co., Ltd.)

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Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued and unpaid interest; (iii) the place or places where Notes are to be surrendered for redemption; (iv) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and; (vi) if any Note contains a an ISIN or Common Code number, no representation is being made as to the correctness of the ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes; (vii) any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, with respect to any Certificated Note, after the redemption date upon surrender of such Note, a new Note in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; (viii) the paragraph or subparagraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption being redeemed; and (ix) any condition to such redemption. (b) At the Company’s request, the Paying Agent shall give the notice of redemption in the Company’s name and at its expense; provided that the Company shall have delivered to the Trustee and the Paying Agent, at least five (5) Business Days before notice of redemption is required to be delivered, mailed or caused to be delivered or mailed to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed to by the Trustee and the Paying Agent), an Officers’ Certificate requesting that the Paying Agent give such notice and setting forth the information to be stated in such notice as provided in Section 3.03(a). (c) The Company may provide in such notice that payment of the redemption price may be made by another Person, provided that such notice shall not relieve the Company of any of its obligations under this Indenture. (d) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemptionredemption to the Paying Agent, the Company shall redeem such Notes at the redemption price. If a redemption date (including, for the avoidance of doubt, any Debt Proceeds Redemption Date) is not a Business Day, payment may be made on the next succeeding day that is a Business day, and no interest shall accrue on any amount that would have been otherwise payable on such redemption date if it were a Business Day for the intervening period. On and after the redemption date, interest shall will cease to accrue on the Notes or portions of them called for redemption. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

Appears in 5 contracts

Samples: Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD)

Method and Effect of Redemption. (a) The notice of redemption for any redemption of Notes pursuant to Section 3.01 or Section 3.02 will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iii) the place or places where Notes are to be surrendered for redemption; (iv) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and, unless the Company and the Subsidiary Guarantors default in paying the redemption price on the redemption date, interest on Notes called for redemption will cease to accrue on and after the redemption date; (vi) if the Company is redeeming only part of a Note, the notice that relates to that Note shall state that on and after the redemption date, upon surrender of that Note, the Holder will receive, without charge, a new Note or Notes of authorized denominations for the principal amount of the Note remaining unredeemed; and (vivii) if any Note contains a CUSIP or ISIN or Common Code number, no representation is being made as to the correctness of the CUSIP or ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after Commencing on the redemption date, interest shall Notes redeemed will cease to accrue on the Notes or portions of them called for redemptioninterest.

Appears in 4 contracts

Samples: Indenture, Indenture, Indenture (Emerald Plantation Holdings LTD)

Method and Effect of Redemption. (a) Notice of any redemption will be mailed by first-class mail, postage prepaid, at least 45 days before the redemption date to the Trustee and at least 30 but not more than 60 days before the redemption date to Holders of Notes to be redeemed at their respective registered addresses. For so long as the Notes are listed on the Irish Stock Exchange for trading on the Global Exchange Market and the rules of the exchange require, the Company will cause notices of redemption to also be published as described in Section 12.02. (b) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iii) the place or places where Notes are to be surrendered for redemption; (iv) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and; (vi) if any Note is redeemed in part, on and after the redemption date, upon surrender of such Note, new Notes equal in principal amount to the unredeemed portion will be issued; and (vii) if any Note contains a ISIN CUSIP or Common Code CINS number, no representation is being made as to the correctness of the ISIN CUSIP or Common Code CINS number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (bc) Notes called for redemption will become due on the date fixed for redemption. The Company will pay the redemption price for the Notes together with accrued and unpaid interest thereon (including Additional Amounts, if any) through the date of redemption. On and after the redemption date, interest will cease to accrue on the Notes as long as the Company has deposited with the paying agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of the Notes by the Company, the redeemed Notes will be cancelled. (d) If fewer than all of the Notes are being redeemed, the Trustee or Registrar will select the Notes to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems fair and appropriate or in accordance with DTC procedures, in denominations of US$200,000 principal amount and higher integral multiples of US$1,000. In the case of Certificated Notes, upon surrender of any Note redeemed in part, the Holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered Note. Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemptionand, the Company shall redeem such Notes at the redemption price. On and after commencing on the redemption date, interest shall Notes redeemed will cease to accrue on interest. (e) The Company may acquire Notes by means of the Notes redemption provisions above or portions by means other than a redemption, whether by tender offer, open market purchases, negotiated transactions or otherwise, in accordance with the applicable securities laws, so long as such acquisition does not otherwise breach the terms of them called for redemptionthe Indenture.

Appears in 2 contracts

Samples: Indenture (GeoPark LTD), Indenture (GeoPark Holdings LTD)

Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the clause of this Indenture pursuant to which the redemption shall occur; (ii) the redemption date; (iiiii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iiiiv) the place or places where Notes are to be surrendered for redemption; (ivv) Notes called for redemption must be so surrendered in order to collect the redemption price; (vvi) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vivii) if any Note contains a an ISIN or Common Code number, no representation is being made as to the correctness of the ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall will cease to accrue on the Notes or portions of them called for redemption. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

Appears in 1 contract

Samples: Indenture (eHi Car Services LTD)

Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iii) (if the Notes are in certificated form) the place or places where Notes are to be surrendered for redemption; (iv) (if the Notes are in certificated form) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vi) if any Note contains a ISIN or Common Code number, no representation is being made as to the correctness of the ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall cease to accrue on the Notes or portions of them called for redemption.

Appears in 1 contract

Samples: Indenture (Xinyuan Real Estate Co., Ltd.)

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Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the clause of this Indenture pursuant to which the redemption shall occur; (ii) the redemption date; (iiiii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iiiiv) the place or places where Notes are to be surrendered for redemption; (ivv) Notes called for redemption must be so surrendered in order to collect the redemption price; (vvi) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vivii) if any Note contains a CUSIP, ISIN or Common Code number, no representation is being made as to the correctness of the CUSIP, ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall will cease to accrue on the Notes or portions of them called for redemption. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

Appears in 1 contract

Samples: Indenture (eHi Car Services LTD)

Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the clause of this Indenture pursuant to which the redemption shall occur; (ii) the redemption date; (iiiii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iiiiv) the place or places where Notes are to be surrendered for redemption; (ivv) Notes called for redemption must be so surrendered in order to collect the redemption price; (vvi) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vivii) if any Note contains a ISIN or Common Code number, no representation is being made as to the correctness of the ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall will cease to accrue on the Notes or portions of them called for redemption. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

Appears in 1 contract

Samples: Indenture (Bright Scholar Education Holdings LTD)

Method and Effect of Redemption. (a) The notice of redemption will identify the Notes to be redeemed and will include or state the following: (i) the redemption date; (ii) appropriate calculation of the redemption price, including the portion thereof representing any accrued interest; (iii) the place or places where Notes are to be surrendered for redemption; (iv) Notes called for redemption must be so surrendered in order to collect the redemption price; (v) on the redemption date the redemption price will become due and payable on Notes called for redemption, and interest on Notes called for redemption will cease to accrue on and after the redemption date; and (vi) if any Note contains a CUSIP, ISIN or Common Code number, no representation is being made as to the correctness of the CUSIP, ISIN or Common Code number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. (b) Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for redemptionredemption to the Paying Agent, the Company shall redeem such Notes at the redemption price. On and after the redemption date, interest shall will cease to accrue on the Notes or portions of them called for redemption. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

Appears in 1 contract

Samples: Indenture (China XD Plastics Co LTD)

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