Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer shall fail to pay any Note called-for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 19 contracts
Samples: Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 18 contracts
Samples: Indenture (Homex Development Corp.), Indenture (Grupo Iusacell Sa De Cv), Indenture (Homex Development Corp.)
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 6 contracts
Samples: Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment deposit of the redemption price and accrued interestinterest pursuant to Section 5.5) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 4 contracts
Samples: Indenture (Coleman Cable, Inc.), Indenture (CCI International, Inc.), Indenture (Movie Gallery Inc)
Notes Payable on Redemption Date. If the IssuerIssuers, or the Trustee on behalf of the IssuerIssuers, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Issuers shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Issuers shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Issuers shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 4 contracts
Samples: Indenture (Elan Corp PLC), Indenture (Elan Corp PLC), Indenture (Elan Corp PLC)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, redemption shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, up to but not including the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to but excluding the Redemption Date (subject to the rights of Holders of record on the relevant record date Record Date to receive installments of principal and interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 3 contracts
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article VIV, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes called for redemption shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 3 contracts
Samples: Indenture (Covanta Energy Corp), Indenture (Covanta Energy Corp), Indenture (Danielson Holding Corp)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 3 contracts
Samples: Indenture (Grupo Financiero Galicia Sa), Indenture (Arcos Dorados Holdings Inc.), Indenture (Alestra)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued and unpaid interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued and unpaid interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 3 contracts
Samples: Indenture (Stagwell Inc), Indenture (MDC Partners Inc), Indenture (MDC Partners Inc)
Notes Payable on Redemption Date. (a) If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
(b) If the Notes are to be redeemed in part only, the portion of the principal amount thereof to be redeemed shall be applied to the quarterly installments of principal payable under the Notes in inverse order of maturity.
Appears in 2 contracts
Samples: Indenture (Iusacell S a De C V), Indenture (Mexican Cellular Investments Inc)
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice Notice of redemption in accordance with this Article Vhaving been given as aforesaid, the Notes, Notes or the portions of Notes, called-for redemption, Notes so to be redeemed shall, on the Redemption Date, subject to the satisfaction of any applicable conditions precedent in accordance with Section 5.5, become due and payable at the redemption price therein specified in the notice (together with accrued and unpaid interest, if any, to to, but not including, the Redemption Date), and from and after the Redemption Date such date (unless the Issuer Issuers shall default in the payment of the redemption price and accrued and unpaid interest) the Notes or the portions of such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with the said notice, such Note shall be paid by the Issuer shall pay the Notes Issuers at the redemption price, together with accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Dateinterest payment date). If the Issuer shall fail to pay any Note called-called for redemption shall not be so paid upon its surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 2 contracts
Samples: Indenture (Quiksilver Inc), Indenture (Quiksilver Inc)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued and unpaid interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 2 contracts
Samples: Indenture (Flag Telecom Holdings LTD), Senior Euro Notes Agreement (Flag Telecom Holdings LTD)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date Record Date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 2 contracts
Samples: Indenture (Southwestern Energy Co), Indenture (Southwestern Energy Co)
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice Notice of redemption in accordance with this Article Vhaving been given as aforesaid, the Notes, or the portions of Notes, called-for redemption, Notes so to be redeemed shall, on the Redemption Date, become due and payable at the redemption price Redemption Price therein specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date such date (unless the Issuer Company shall default in the payment of the redemption price Redemption Price and accrued interest) the Notes or the portions of such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with the said notice, such Note shall be paid by the Issuer shall pay the Notes Company at the redemption priceRedemption Price, together with accrued interest, if any, to the Redemption Date (Date. On and after any Redemption Date, if money sufficient to pay the Redemption Price of any accrued and unpaid interest on Notes called for redemption shall have been made available in accordance with Section 1106, the Notes called for redemption will cease to accrue interest and the only right of the Holders of such Notes will be to receive payment of the Redemption Price of and, subject to the rights of Holders of record provision in the preceding paragraph, any accrued and unpaid interest on such Notes to the relevant record date to receive interest due on the relevant Interest Payment Redemption Date). If the Issuer shall fail to pay any Note called-called for redemption shall not be so paid upon its surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Samples: Indenture (MDC Partners Inc)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article VIII, the Notes, or the portions of Notes, called-the Notes called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the such Notes or the such portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the such Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Samples: Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Notes Payable on Redemption Date. If the IssuerBank, or the Trustee on behalf of the IssuerBank, gives notice of redemption in accordance with this Article ARTICLE V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Bank shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Bank shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Bank shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Notes Payable on Redemption Date. (a) If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
(b) If the Notes are to be redeemed in part only, the portion of the principal amount thereof to be redeemed shall be applied to the semi-annual installments of principal payable under the Notes in inverse order of maturity.
Appears in 1 contract
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions portion of Notes, called-called for redemption, redemption shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), ) and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes Notes, or the portions portion of Notes Notes, shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. Upon redemption of any Notes by the Company, the redeemed Notes shall be cancelled and cannot be reissued.
Appears in 1 contract
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to and the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date)Trustee shall cancel such redeemed Note. If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice of redemption in accordance with this Article Article V, the Notes, or the portions of Notes, called-for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer shall fail to pay any Note called-for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes.
Appears in 1 contract
Samples: Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-for redemption, shall, on the Redemption Date, become due and payable at the redemption price Redemption Price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer shall default in the payment of the redemption price Redemption Price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note the Notes for redemption in accordance with the notice, the Issuer shall pay the Notes at the redemption priceRedemption Price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer shall fail to pay any Note the Notes called-for redemption upon its their surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the applicable rate borne by the NotesNotes in accordance with Section 2.13.
Appears in 1 contract
Samples: Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the Issuer, or the Trustee on behalf of the Issuer, gives notice of redemption in accordance with this Article V, the Notes, or the portions of Notes, called-for redemption, Notes shall, on the Redemption Date, become due and payable at the redemption price Redemption Price specified in the notice (together with accrued interest, if any, to the Redemption Date), and from and after the Redemption Date (unless the Issuer shall default in the payment of the redemption price Redemption Price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note the Notes for redemption in accordance with the notice, the Issuer shall pay the Notes at the redemption priceRedemption Price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer shall fail to pay any Note called-the Notes called for redemption upon its their surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the applicable rate borne by the NotesNotes in accordance with Section 2.13.
Appears in 1 contract
Samples: Indenture (Cemex Sab De Cv)
Notes Payable on Redemption Date. If the IssuerCompany, or the Trustee on behalf of the IssuerCompany, gives notice of redemption in accordance with this Article VV, the Notes, or the portions portion of Notes, called-called for redemption, redemption shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to the Redemption Date), ) and from and after the Redemption Date (unless the Issuer Company shall default in the payment of the redemption price and accrued interest) the Notes Notes, or the portions portion of Notes Notes, shall cease to bear interest. Upon surrender of any Note for redemption in accordance with the notice, the Issuer Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date). If the Issuer Company shall fail to pay any Note called-called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. Upon redemption of any Notes by the Company, the redeemed Notes shall be cancelled and cannot be reissued.
Appears in 1 contract