Common use of Method and Effect of Redemption Clause in Contracts

Method and Effect of Redemption. (a) If the Company elects to redeem the Notes, it must notify the Trustee of the Redemption Date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than 15 days nor more than 90 days before the Redemption Date. If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Notes shall be selected for redemption by lot or otherwise in accordance with the applicable procedures of the Depositary, in each case in denominations of $1,000 principal amount; provided that no Note in a principal amount of $2,000 shall be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in part. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request, by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 days but not more than 90 days before the applicable Redemption Date, except where DTC requires a longer period.

Appears in 2 contracts

Samples: Second Supplemental Indenture (E TRADE FINANCIAL Corp), E TRADE FINANCIAL Corp

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Method and Effect of Redemption. (a) If the Company elects to redeem the Notesany Notes of any series, it must notify the Trustee of the Redemption Date redemption date, the series and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than at least 15 days nor more than 90 days before prior to the Redemption Datedate of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes shall of such series to be selected for redemption redeemed pro rata, by lot or otherwise by any other method the Trustee in accordance with the applicable procedures of the Depositaryits sole discretion deems appropriate, in each case in denominations of $1,000 principal amount; amount and multiples thereof, provided that no Note in a principal amount Notes of less than $2,000 shall may be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s requestrequest (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 30 days but not more than 90 60 days before the applicable Redemption Date, except where DTC requires a longer periodredemption date.

Appears in 2 contracts

Samples: Indenture (DPL Inc), Indenture (Aes Corp)

Method and Effect of Redemption. (a) If the Company elects to redeem the any Notes, it must notify the Trustee of the Redemption Date redemption date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than to the Trustee at least 15 days nor more than 90 days before prior to the Redemption Datedate of the mailing of the notice (unless a shorter period is satisfactory to the Trustee in the sole determination of the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes shall to be selected for redemption redeemed pro rata, by lot or otherwise by any other method the Trustee in accordance with the applicable procedures of the Depositaryits sole discretion deems appropriate, in each case in denominations of $1,000 principal amount; amount and multiples thereof, provided that no Note in a principal amount of $2,000 shall be redeemed in part and no new Notes in a principal amount of $2,000 or less shall will be issued in connection with any redemption redeemed in part. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s requestrequest (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee, in the sole determination of the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 30 days but not more than 90 60 days before the applicable Redemption Date, except where DTC requires a longer periodredemption date.

Appears in 2 contracts

Samples: Indenture (Ipalco Enterprises, Inc.), Indenture (Ipalco Enterprises, Inc.)

Method and Effect of Redemption. (a) If the Company elects to redeem the any Notes, it must notify the Trustee of the Redemption Date redemption date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than to the Trustee at least 15 days nor more than 90 days before prior to the Redemption Datedate of the mailing of the notice (unless a shorter period is satisfactory to the Trustee in the sole determination of the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes shall to be selected for redemption redeemed pro rata, by lot or otherwise by any other method the Trustee in accordance with the applicable procedures of the Depositaryits sole discretion deems appropriate, in each case in denominations of $1,000 principal amount; provided that no Note in a principal amount of $2,000 shall be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in partmultiples thereof. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s requestrequest (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee, in the sole determination of the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 30 days but not more than 90 60 days before the applicable Redemption Date, except where DTC requires a longer periodredemption date.

Appears in 1 contract

Samples: Indenture (Ipalco Enterprises, Inc.)

Method and Effect of Redemption. (a) If the Company elects to redeem the any Notes, it must notify the Trustee of the Redemption Date redemption date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than at least 15 days nor more than 90 days before prior to the Redemption Datedate of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes shall to be selected for redemption redeemed pro rata, by lot or otherwise by any other method the Trustee in accordance with the applicable procedures of the Depositaryits sole discretion deems appropriate, in each case in denominations of $1,000 principal amount; amount and multiples thereof, provided that no Note in a principal amount Notes of less than $2,000 shall may be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in part. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s requestrequest (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 30 days but not more than 90 60 days before the applicable redemption date. The Company shall notify the Trustee of the Redemption Date, except where DTC requires a longer periodPrice once determined in accordance with this Article 3 on or before two Business Days prior to the redemption date.

Appears in 1 contract

Samples: Indenture (DPL Inc)

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Method and Effect of Redemption. (a) If the Company elects to redeem the Notes, it must notify the Trustee in writing of the Redemption Date redemption date and the principal amount of such Notes to be redeemed by delivering an Officers’ Officer’s Certificate not less than 15 days nor more than 90 at least 45 days before the Redemption Dateredemption date (unless a shorter period is satisfactory to the Trustee). If fewer less than all of the Notes are being redeemedto be redeemed at any time, the Officers’ Officer’s Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes shall to be selected for redemption redeemed as follows: (1) if the Notes are listed, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not so listed, on a pro rata basis, by lot or otherwise in accordance with by such method as the applicable procedures Trustee shall deem fair and appropriate. No Notes of the Depositary, in each case in denominations of $1,000 principal amount; provided that no Note in a principal amount of less than $2,000 shall be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in part. The Trustee will notify the Company promptly of the Notes or portions of Notes to be called for redemption. Notice Notices of redemption must shall be sent mailed by first class mail, or delivered electronically if held by DTC, at least 30 but not more than 60 days before the Company or at the Company’s request, by the Trustee in the name and at the expense redemption date to each Holder of the Company, to Holders whose Notes are to be redeemed at least 10 days but not its registered address, except that redemption notices may be delivered more than 90 60 days before prior to the applicable Redemption Date, except where DTC requires redemption date if the notice is issued in connection with the defeasance of the Notes or a longer periodsatisfaction and discharge of the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (SB/RH Holdings, LLC)

Method and Effect of Redemption. (a) If the Company Issuer elects to redeem the Notes, it must notify the Trustee of the Redemption Date redemption date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate not less than 15 days nor more than 90 at least 45 days before the Redemption Dateredemption date (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and Trustee will select the Notes shall to be selected for redemption redeemed pro rata, by lot or otherwise by any other method the Trustee in accordance with the applicable procedures of the Depositary, in each case in denominations of $1,000 principal amountits sole discretion deems fair and appropriate; provided that no Note in a principal amount of $2,000 shall be redeemed in part and no new Notes in with a principal amount of $2,000 or less shall be issued in connection with any redemption redeemed in part. The Trustee will notify the Company Issuer promptly of the Notes or portions of Notes to be called for redemption. Notice of redemption must will be sent mailed by first-class mail by the Company Issuer or at the CompanyIssuer’s request, by the Trustee in the name and at the expense of the CompanyIssuer, to Holders whose Notes are to be redeemed at least 10 days but 30 and not more than 90 60 days before the applicable Redemption Datedate of redemption to each Holder’s registered address, except where DTC requires that redemption notices may be mailed more than 60 days prior to a longer periodredemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (DineEquity, Inc)

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