Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 (Wheeler Real Estate Investment Trust, Inc.), Indenture (Wheeler Real Estate Investment Trust, Inc.)
Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, except as provided in Section 6.5(b), become due and payable at the designated corporate trust office of the Paying Agent at the Redemption Price therein specified, and from and after such date (unless the Company there shall be a default in the payment of the Redemption Price) ), such Notes shall cease to bear interest. Upon surrender of any such Note Notes for redemption in accordance with said such notice, such Note Notes shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; providedexclusive, however, that of installments of interest whose Stated Maturity is maturing on or prior to the Redemption Date payment of which shall be payable have been made or duly provided for to the Holders of such Notes or one or more predecessor Notes Noteholders registered as such at the close of business on the relevant Regular Record Date Dates, or otherwise, according to their the terms and the provisions of Section 3.072.8. If Except as provided in Section 6.5(b), if any Note called for redemption shall not be so paid upon surrender thereof for redemptionredemption because the Indenture Trustee shall not have received pursuant to Section 6.5 an amount of money sufficient to pay the Redemption Price for such Note, the principal (and premiumPremium, if any, and (to the extent permitted by Applicable Law) interest shall, until paid, continue to bear interest from the Redemption Date at the rate borne by the NotesNote in respect of overdue payments (and in the absence thereof, at the contract rate therefor).
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement (Royal Ahold), Trust Indenture and Security Agreement (Royal Ahold)
Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes that are Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in accordance with said noticethe absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such Note final payment shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments made without presentation or surrender. Payments of interest whose Stated Maturity is on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes2.7(e).
Appears in 2 contracts
Samples: Indenture (Golub Capital Investment Corp), Indenture (Golub Capital BDC, Inc.)
Notes Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption PricePrice and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by together with any accrued interest to the TrusteeRedemption Date; provided, however, that installments of interest on Notes whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date Dates therefor according to their terms and the provisions of Section 3.07. 307.
(b) If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shallprincipal, until paid, shall bear interest from the Redemption Date at the rate borne by prescribed therefor in the NotesNote.
Appears in 1 contract
Samples: Indenture (Commercial Federal Corp)
Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, and the conditions, if any, set forth in such notice having been satisfied, the Notes or portions thereof so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless unless, in the case of an unconditional notice of redemption, the Company shall default in the payment of the Redemption PricePrice and accrued interest, if any) such Notes or portions thereof, if interest-bearing, shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said such notice, such Note or portion thereof shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by together with accrued interest, if any, to the TrusteeRedemption Date; provided, however, that installments no such surrender shall be a condition to such payment if so specified as contemplated by Section 301 with respect to such Note; and provided, further, that except as otherwise specified as contemplated by Section 301 with respect to such Note, any installment of interest whose on any Note the Stated Maturity of which installment is on or prior to the Redemption Date shall be payable to the Holders Holder of such Notes Note, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant related Regular Record Date according to their the terms of such Note and subject to the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes307.
Appears in 1 contract
Samples: Indenture (For Senior Notes) (Carolina Power & Light Co)
Notes Payable on Redemption Date. (1) Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption PricePrice and any applicable accrued interest) such Notes shall cease to not bear interest. Upon surrender of any such Note for redemption in accordance with said noticenotice to the Trustee or a Paying Agent, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by together with any applicable accrued interest to the TrusteeRedemption Date; provided, however, that installments of interest whose Stated Maturity is on or prior to before the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date Dates according to their terms and the provisions of Section 3.07. 307.
(2) If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne provided by the NotesNote.
Appears in 1 contract
Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in accordance with said noticethe absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such Note final payment shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments made without presentation or surrender. Payments of interest whose Stated Maturity is on Notes to be so redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes2.8(e).
Appears in 1 contract
Samples: Indenture and Security Agreement (Owl Rock Capital Corp)
Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, specified and from on and after such date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to bear interest, if any. Upon surrender of any such Note for redemption in accordance with said such notice, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments instalments of interest interest, if any, on Notes whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of Section 3.074.11. If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from Interest accruing on or prior to the Redemption Date at on Notes to be redeemed shall continue to be payable (to the rate borne by extent not previously paid) (but without interest thereon, unless the NotesCompany shall default in the due payment or provision for payment thereof) to the Holders thereof according to their terms in the customary manner.
Appears in 1 contract
Samples: Trust Indenture (Bce Inc)
Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(f) and the Co-Issuers’ right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes that are Secured Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed in full, the Holder shall present and surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the place specified in the notice of redemption on or prior to such Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments Date. Payments of interest whose Stated Maturity is on Secured Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Secured Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. 2.7(e).
(b) If any Note Secured Notes called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) thereof shall, until paid, bear interest from the Redemption Date at the rate borne by applicable Interest Rate for each successive Interest Accrual Period such Secured Notes remains Outstanding; provided that the Notesreason for such non-payment is not the fault of such Holder.
Appears in 1 contract
Notes Payable on Redemption Date. Less than All Notes to be Redeemed
(a) Notice of redemption having been given as aforesaidprovided in Section 10.2, the Notes so to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price therein specified, and from and after on such date (unless the Company shall default in the payment of the Redemption Price) Date such Notes shall cease to bear interestinterest on the portion of the Notes actually redeemed. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at On the Redemption PriceDate, and the Holders of such Notes shall be cancelled paid the Redemption Price by the TrusteeTrustee from funds available to the Trustee pursuant to Section 10.3, Section 13.2 or otherwise; provided, however, that installments of principal and interest whose Stated Maturity is which are due on or prior to the Redemption Date shall be payable to the Holders of such Notes or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date Dates according to their terms and the provisions of Section 3.07. 3.7.
(b) If the Holders of any Note called in whole or in part for redemption shall not be so paid upon surrender thereof for redemptionpaid, the principal (and premium, if any) amount thereof shall, until paid, continue to bear interest from the Redemption Date at the rate borne by related Note Interest Rate until payment of principal is made.
(c) If less than the Notesprincipal amount of all Notes Outstanding is to be redeemed on any Redemption Date, Notes shall be redeemed pro rata from available funds as nearly as practicable in the judgment of the Trustee, observing in the process authorized denominations in accordance with Section 3.2 of this Indenture and shall be applied in installments of principal payable on the Notes in the reverse order of their maturity.
Appears in 1 contract
Samples: Indenture (Candies Inc)
Notes Payable on Redemption Date. Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right or obligation to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes that are Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in accordance with said noticethe absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such Note final payment shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments made without presentation or surrender. Payments of interest whose Stated Maturity is on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes2.7(e).
Appears in 1 contract
Samples: Indenture (NewStar Financial, Inc.)
Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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
Samples: Indenture (Wheeler Real Estate Investment Trust, Inc.)
Notes Payable on Redemption Date. Notice of redemption Redemption having been given as aforesaidrequired pursuant to Sections 9.3 and 9.4, unless such notice is deemed to be withdrawn as provided in Section 9.2(c), the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default Default in the payment of the Redemption Price) such Notes shall cease to bear interest. Upon final payment on a Note to be repaid or redeemed in full, the Holder shall present and surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the place specified in the notice of repayment or Redemption Price, and on or prior to such Notes shall be cancelled by the TrusteeRedemption Date; provided, however, that installments of interest whose Stated Maturity if there is on or prior delivered to the Redemption Date Co-Issuers or, as the case may be, the Issuer and the Trustee such security or indemnity as may be required by them to save each of them harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Co-Issuers or the Trustee that the applicable Note has been acquired by a bona fide purchaser, such final payment shall be payable to the Holders of such Notes made without presentation or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of Section 3.07surrender. If any Note to be called for redemption Redemption shall not be so paid upon surrender thereof for redemptionRedemption, the principal (and premium, if any) thereof shall, until paid, bear interest from the Redemption Date at the rate borne by applicable Note Interest Rate for each successive Interest Accrual Period the NotesNote remains Outstanding.
Appears in 1 contract
Samples: Indenture (CBRE Realty Finance Inc)
Notes Payable on Redemption Date. (a) Notice of redemption having been given as aforesaidprovided in Section 11.3, the Notes so to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price therein specified, and from and after on such date (unless the Company shall default in the payment of the Redemption Price) Date such Notes shall cease to bear interestinterest on the portion of the Notes actually redeemed. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at On the Redemption PriceDate, and the Holders of such Notes shall be cancelled by paid the TrusteeRedemption Price pursuant to Section 11.4 or otherwise; provided, however, that installments of principal and interest whose Stated Maturity is which are due on or prior to the Redemption Date shall be payable to the Holders of such Notes or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of Section 3.07. If any Note 3.7.
(b) Installments of interest and principal due on or prior to a Redemption Date shall continue to be payable to the Holders of Notes called for redemption shall not be so paid upon surrender thereof for redemptionaccording to their terms and the provisions of Section 3.7. Except as otherwise specifically provided herein, the principal (and premium, if any) shall, until paid, bear interest from election of the related Note Co-Issuers to redeem their Note pursuant to this Section shall be evidenced by an Issuer Order authorizing payment of the Redemption Date at Price on the rate borne by Note to be redeemed from monies deposited into the related Co-Issuer Collection Account pursuant to Section 11.4 or otherwise available in accordance with this Security Agreement for the purpose of redeeming Notes.
Appears in 1 contract
Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(c) and the Co-Issuers' right to withdraw any notice of redemption pursuant to Section 9.4(b), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for at the place specified in the notice of redemption on or prior to such Redemption Date; provided that in accordance with said noticethe absence of notice to the Applicable Issuers or the Trustee that the applicable Note has been acquired by a protected purchaser, such Note final payment shall be paid made without presentation or surrender, if the Trustee and the Applicable Issuers shall have been furnished such security or indemnity as may be required by the Company at the Redemption Price, them to save each of them harmless and an undertaking thereafter to surrender such Notes shall be cancelled by the Trustee; provided, however, that installments certificate. Payments of interest whose Stated Maturity is on Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes2.7(f).
Appears in 1 contract
Samples: Indenture (JMP Group Inc.)
Notes Payable on Redemption Date. Notice of redemption (a) A written request having been given made as aforesaid, the Note or Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specifiedPrice, and from and after such date (unless the Company shall default in the payment of the Redemption PricePrice and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said noticerequest, such Note shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by together with any accrued interest to the TrusteeRedemption Date; provided, however, that installments of interest on Notes whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date Dates therefor according to their terms and the provisions of Section 3.07. 307.
(b) If any Note called for redemption to be redeemed shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shallprincipal, until paid, shall bear interest from the Redemption Date at the rate borne by prescribed therefor in the NotesNote.
Appears in 1 contract
Samples: Indenture (Commercial Federal Corp)
Notes Payable on Redemption Date. (a) Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(f) and the Co-Issuers' right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes that are Secured Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the place specified in the notice of redemption on or prior to such Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments Date. Payments of interest whose Stated Maturity is on Secured Notes so to be redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Secured Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. 2.7(e).
(b) If any Secured Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) thereof shall, until paid, bear interest from the Redemption Date at the rate borne by applicable Interest Rate for each successive Interest Accrual Period such Secured Note remains Outstanding; provided that the Notesreason for such non-payment is not the fault of such Noteholder.
Appears in 1 contract
Notes Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption DateDate and assuming the satisfaction of any conditions precedent, become due and payable at the redemption price therein specified (together with accrued and unpaid interest to, but excluding, the Redemption Price therein specifiedDate), and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Priceredemption price and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company Issuer at the redemption price, together with accrued and unpaid interest, if any, to, but excluding, the Redemption PriceDate, and such Notes shall be cancelled canceled by the Trustee; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date record dates according to their terms and the provisions of Section 3.07. 3.6.
(b) If any Note called for redemption shall not be so paid upon 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
Samples: Indenture (Great Ajax Corp.)
Notes Payable on Redemption Date. Notice of redemption pursuant to Section 9.4 having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, subject to Section 9.4(e) and the Issuer’s right to withdraw any notice of redemption pursuant to Section 9.4(c), become due and payable at the Redemption Price Prices therein specified, and from and after such date the Redemption Date (unless the Company Issuer shall default in the payment of the Redemption PricePrices and accrued interest) all such Notes shall cease to bear interestinterest on the Redemption Date. Upon final payment on a Note to be so redeemed, the Holder shall present and surrender of any such Note for at the place specified in the notice of redemption on or prior to such Redemption Date; provided that if there is delivered to the Issuer and the Trustee such security or indemnity as may be required by them to save such party harmless and an undertaking thereafter to surrender such Note, then, in accordance with said noticethe absence of notice to the Issuer or the Trustee that the applicable Note has been acquired by a protected purchaser, such Note final payment shall be paid by the Company at the Redemption Price, and such Notes shall be cancelled by the Trustee; provided, however, that installments made without presentation or surrender. Payments of interest whose Stated Maturity is on Notes to be so redeemed which are payable on or prior to the Redemption Date shall be payable to the Holders of such Notes Notes, or one or more predecessor Notes Notes, registered as such at the close of business on the relevant Regular Record Date according to their the terms and the provisions of Section 3.07. If any Note called for redemption shall not be so paid upon 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 Notes2.8(e).
Appears in 1 contract
Samples: First Supplemental Indenture (Owl Rock Capital Corp)
Notes Payable on Redemption Date. Notice of redemption having After notice has been given under Section 3.13(d) hereof as aforesaidto the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Notes so to be redeemed shall, on such Redemption Date in the Redemption Date, amount identified in such notice shall become due and payable on the Redemption Date at the Redemption Price therein specified(net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after such date Redemption Date (unless the Company there shall be a default in the payment of the Redemption Priceapplicable amount to be redeemed) such Notes principal amount shall cease to bear interest. Upon surrender of any such Note Notes for redemption in accordance with said such notice, such Note shall be paid by the Company at the Redemption Price, and Price of such Notes shall be cancelled by the Trustee; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes or one or more predecessor Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of paid in accordance with Section 3.073.11(d). If any Note called for redemption Notes to be redeemed shall not be so paid, or shall only be paid upon surrender thereof for redemptionin part in accordance with the terms of such notice, the principal (and premium, if any) shall, until paid, remaining Outstanding Principal Balance of such Notes shall continue to bear interest from the Redemption Date until it is paid at the interest rate borne by the applicable to such Notes.
Appears in 1 contract