Common use of Notice of Extension Clause in Contracts

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection of such Extension Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Securities issued by the Trust, but in any event at least five Business Days before such record date. (b) If the Institutional Trustee is not the only Holder at the time the Company selects an Extension Period, the Company shall give the Holders and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holders. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods permitted in the maximum Extension Period permitted under Section 4.1.

Appears in 3 contracts

Samples: First Supplemental Indenture (Suntrust Capital Ii), Supplemental Indenture (Suntrust Banks Inc), Supplemental Indenture (Suntrust Capital Iv)

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Notice of Extension. (a) If the Institutional Trustee or the Collateral Agent is the only registered Holder of the Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee Trustee, the Collateral Agent, and the Debt Trustee of its selection of such Extension Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Trustee or the Collateral Agent is not the only Holder of the Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give the Holders of the Debentures and the Debt Trustee written notice of its selection of such Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holders. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 3.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Extended Interest Payment Period permitted under Section 4.13.1.

Appears in 2 contracts

Samples: Third Supplemental Indenture (MCN Corp), Third Supplemental Indenture (MCN Financing Iv)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder at the time the Company selects an Extension Period, the Company shall give the Holders and the Debt Trustee written notice of its selection of such Extension Period at least 10 one Business Days Day before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holders. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods permitted in the maximum Extension Period permitted under Section 4.1.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Mbna Corp), First Supplemental Indenture (Mbna Corp)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder holder of the Debentures at the time the Company selects opts to initiate an Extension Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection initiation of such Extension Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions distributions are payable, to any national securities exchange or interdealer quotation system other organization on which the Capital Securities are then listed or other applicable self- regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least five Business Days before such record dateeach case with respect to distributions on the Trust Securities the payment of which is being deferred. (b) If the Institutional Trustee is not the only Holder holder of the Debentures at the time the Company selects opts to initiate an Extension Extended Interest Payment Period, the Company shall give the Holders holders of the Debentures and the Debt Trustee written notice of its selection initiation of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Extended Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holders.Period at (c) The quarterly semiannual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly 10 semiannual periods permitted in the maximum Extension Extended Interest Payment Period permitted under Section 4.1.

Appears in 1 contract

Samples: First Supplemental Indenture (Countrywide Capital Ii)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder at the time the Company selects elects to commence an Extension Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection election of such Extension Extended Interest Payment Period five one Business Days before Day prior to the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of to the record date, New York Stock Exchange or the date such Distributions are payable, to any national securities exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by of the Trustrecord or distribution date, but in any event at least five one Business Days before Day prior to such record date. (b) If the Institutional Trustee is not the only Holder at the time the Company selects elects to commence an Extension Extended Interest Payment Period, the Company shall give the Holders and the Debt Trustee written notice of its selection election of such Extension Extended Interest Payment Period at least 10 ten Business Days before prior to the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice to the New York Stock Exchange or other applicable self-regulatory organization or to the Holders of the record date or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the HoldersInterest Payment Date. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods permitted in computing the maximum Extension duration of the Extended Interest Payment Period permitted under Section 4.1.. SECTION

Appears in 1 contract

Samples: Supplemental Indenture (Potomac Electric Power Co)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Notes at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the payment date for such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Notes at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Notes and the Debt Trustee written notice of its selection of such Extension Period at least 10 ten (10) Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the HoldersNotes. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods twenty (20) quarters permitted in the maximum Extension Period permitted under Section 4.1.

Appears in 1 contract

Samples: Supplemental Indenture (Commonwealth Edison Co)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give written notice to both the Regular Trustees, the Institutional Trustee Trustees and the Debt Property Trustee of its selection of such Extension Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, date or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or payable to holders of the Preferred Capital Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder of the Notes at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give the Holders and of the Debt Trustee Notes written notice of its selection of such Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to Holders of the Notes, but in any national securities exchange or interdealer quotation system or to the Holdersevent at least two Business Days before such record date. (c) The quarterly semiannual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods 10 semiannual period permitted in the maximum Extension Extended Interest Payment Period permitted under Section 4.1.

Appears in 1 contract

Samples: Supplemental Indenture (Household International Inc)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder of the Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection of such Extension Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which interest is payable on the Debentures (which shall also be the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable), or (ii) the date the Trust is required to give notice of the record datedate for the Preferred Securities, or the date such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Trustee is not the only Holder of the Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give the Holders of the Debentures and the Debt Trustee written notice of its selection of such Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to the Holders. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one Holders of the 20 quarterly periods permitted in the maximum Extension Period permitted under Section 4.1Debentures.

Appears in 1 contract

Samples: Supplemental Indenture (Cendant Corp)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five at least 5 Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by the Orion Capital Trust II are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least five 5 Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.02 shall be counted as one of the 20 quarterly 10 semi-annual periods permitted in the maximum Extension Period permitted under Section 4.116.01. There is no limitation on the number of times that the Company may elect to begin an Extension Period. The Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.

Appears in 1 contract

Samples: Indenture (Orion Capital Corp)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder at the time the Company Corporation selects an Extension a Series __ Extended Interest Payment Period, the Company Corporation shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection of such Extension Series __ Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Series __ Trust Securities issued by the Series __ Trust are payable, or (ii) the date the Series __ Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Series __ Preferred Securities issued by the Series __ Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Trustee is not the only Holder at the time the Company Corporation selects an Extension a Series __ Extended Interest Payment Period, the Company Corporation shall give the Holders of the Series __ Debentures and the Debt Trustee written notice of its selection of such Extension Series __ Extended Interest Payment Period at least 10 ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Corporation is required to give notice of the record or payment date of such interest payment to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to Holders of the HoldersSeries __ Debentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Series __ Extended Interest Payment Period permitted under Section 4.1.

Appears in 1 contract

Samples: Supplemental Indenture (General Motors Capital Trust D)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Debentures at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five at least two Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, ; or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Debentures at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Debentures and the Debt Trustee written notice of its selection of such Extension Period at least 10 two Business Days before the earlier of (i) the next succeeding Interest Payment Date, ; or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities applicable exchange or interdealer quotation system self-regulatory organization or to holders of the HoldersDebentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 5.2 shall be counted as one of the 20 quarterly periods twenty (20) quarters permitted in the maximum Extension Period permitted under Section 4.15.1.

Appears in 1 contract

Samples: Indenture (Tompkins Financial Corp)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Notes at the time the Company selects commences an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection commencement of such Extension Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the payment date for such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Notes at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Notes and the Debt Trustee written notice of its selection commencement of such Extension Period at least 10 ten (10) Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the HoldersNotes. (c) The quarterly semiannual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly ten (10) semiannual periods permitted in the maximum Extension Period permitted under Section 4.1.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Commonwealth Edison Co)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Xerox Trust are payable, or (ii) the date the Xerox Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the Xerox Trust, but in any event at least five Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.02 shall be counted as one of the 20 quarterly 10 semi-annual periods permitted in the maximum Extension Period permitted under Section 4.116.01. The First National Bank of Chicago hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.

Appears in 1 contract

Samples: Indenture (Xerox Capital Trust I)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five at least 5 Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by the Trenwick Capital Trust I are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least five 5 Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.02 shall be counted as one of the 20 quarterly 10 semi-annual periods permitted in the maximum Extension Period permitted under Section 4.116.01. There is no limitation on the number of times that the Company may elect to begin an Extension Period. The Chase Manhattan Bank hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.

Appears in 1 contract

Samples: Indenture (Trenwick Group Inc)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five at least 5 Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by the Orion Capital Trust I are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least five 5 Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.02 shall be counted as one of the 20 quarterly 10 semi-annual periods permitted in the maximum Extension Period permitted under Section 4.116.01. There is no limitation on the number of times that the Company may elect to begin an Extension Period. The Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.

Appears in 1 contract

Samples: Indenture (Orion Capital Trust I)

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Notice of Extension. (a) If the Institutional Trustee is the only registered Holder at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection of such Extension Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Securities issued by the Trust, but in any event at least five Business Days before such record date. (b) If the Institutional Trustee is not the only Holder at the time the Company selects an Extension Period, the Company shall give the Holders and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holders. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly 10 semi-annual periods permitted in the maximum Extension Period permitted under Section 4.1.

Appears in 1 contract

Samples: Supplemental Indenture (Suntrust Capital Iv)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Junior Subordinated Debentures at the time the Company selects an Extension Period, the Company shall give written notice to the Regular TrusteesAdministrators, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period at least five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system applicable self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least not less than five Business Days before such record date. An Administrator shall give notice of the Company's election to begin or extend a new Extension Period to the holders of the Capital Securities. (b) If the Institutional Property Trustee is not the only Holder holder of the Junior Subordinated Debentures at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Junior Subordinated Debentures and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, Date or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system applicable self-regulatory organization or to holders of the HoldersJunior Subordinated Debentures. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 4.02 shall be counted as one of the 20 quarterly 10 consecutive semi-annual periods permitted in the maximum Extension Period permitted under Section 4.14.01.

Appears in 1 contract

Samples: Supplemental Indenture (Crestar Financial Corp)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular TrusteesAdministrators, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the LFC Trust are payable, or (ii) the date the LFC Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the LFC Trust, but in any event at least five Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Period permitted under Section 4.116.1.

Appears in 1 contract

Samples: Indenture (Life Financial Capital Trust)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder at the time the Company Corporation selects an Extension a Series G Extended Interest Payment Period, the Company Corporation shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee of its selection of such Extension Series G Extended Interest Payment Period five one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Series G Trust Securities issued by the Series G Trust are payable, or (ii) the date the Series G Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to holders of the Series G Preferred Securities issued by the Series G Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Trustee is not the only Holder at the time the Company Corporation selects an Extension a Series G Extended Interest Payment Period, the Company Corporation shall give the Holders of the Series G Debentures and the Debt Trustee written notice of its selection of such Extension Series G Extended Interest Payment Period at least 10 ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Corporation is required to give notice of the record or payment date of such interest payment to any national securities exchange the New York Stock Exchange or interdealer quotation system other applicable self-regulatory organization or to Holders of the HoldersSeries G Debentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Series G Extended Interest Payment Period permitted under Section 4.1.

Appears in 1 contract

Samples: Second Supplemental Indenture (General Motors Corp)

Notice of Extension. (a1) If the Institutional Property Trustee is the only registered Holder of the Debentures at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Trustees, the Institutional Trustee and the Debt Property Trustee of its selection of such Extension Period five one Business Days before Day prior to the earlier of (ia) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or payable and (iib) the date the Trust is Regular Trustees are required to give notice of the record date, date or the date such Distributions are payablepayable to the New York Stock Exchange, to any national securities exchange Inc. (or interdealer quotation system other applicable self-regulatory organization) or to holders of the Preferred Securities issued by the TrustSecurities, but in any event at least five one Business Days Day before such record date. (b2) If the Institutional Property Trustee is not the only Holder of the Debentures at the time the Company selects an Extension Period, the Company shall give the Holders of the Debentures and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before prior to the earlier of (i) the next succeeding Interest Payment Date, or Date and (ii) the date the Company is required to give notice of the record or payment date such Interest Payment Date of such interest payment to any national securities exchange the New York Stock Exchange, Inc. (or interdealer quotation system other applicable self-regulatory organization) or to the Holders. (c3) The quarterly period quarter in which any notice is given pursuant to paragraphs (a1) or (b2) of this Section 4.2 207 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Period permitted under Section 4.1206.

Appears in 1 contract

Samples: Indenture (NVP Capital Iii)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give written notice to the Regular TrusteesAdministrators, the Institutional Property Trustee and the Debt Trustee of its selection of such Extension Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the NYB Trust are payable, or (ii) the date the NYB Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Preferred Capital Securities issued by the NYB Trust, but in any event at least five Business Days before such record date. (b) If the Institutional Property Trustee is not the only Holder holder of the Securities at the time the Company selects an Extension Period, the Company shall give the Holders holders of the Securities and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to the Holdersexchange. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Period permitted under Section 4.1.16.1. 66

Appears in 1 contract

Samples: Indenture (New York Bancorp Capital Trust)

Notice of Extension. (a) If the Institutional Trustee is the only registered Holder of the Convertible Debentures at the time the Company selects an Extension Period, the Company shall give written notice to the Regular Trustees, Administrators and the Institutional Trustee and the Debt Trustee of its selection of such Extension Period five one Business Days before Day prior to the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (ii) if applicable, the date the Trust is Administrators are required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Convertible Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Trustee is not the only Holder of the Convertible Debentures at the time the Company selects an Extension Period, the Company shall give the Holders of the Convertible Debentures and the Debt Trustee written notice of its selection of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, Date or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system or to Holders of the HoldersConvertible Debentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarterly periods consecutive quarters permitted in the maximum Extension Period permitted under Section 4.14.01.

Appears in 1 contract

Samples: First Supplemental Indenture (Federal Mogul Corp)

Notice of Extension. (a) If the Institutional Property ------------------- Trustee is the only registered Holder holder of the Debentures at the time the Company selects (or extends) an Extension Period, the Company shall give written notice to the Regular TrusteesAdministrators, the Institutional Property Trustee and the Debt Trustee of its selection (or extension) of such Extension Period at least five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Capital Securities issued by the Trust are payable, or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or interdealer quotation system applicable self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least not less than five Business Days before such record date. The Property Trustee shall give notice of the Company's election to begin or extend a new Extension Period to the holders of the Capital Securities. (b) If the Institutional Property Trustee is not the only Holder holder of the Debentures at the time the Company selects (or extends) an Extension Period, the Company shall give the Holders holders of the Debentures and the Debt Trustee written notice of its selection (or extension) of such Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, Date or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange or interdealer quotation system applicable self-regulatory organization or to holders of the HoldersDebentures. (c) The quarterly semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 4.02 shall be counted as one of the 20 quarterly 10 consecutive semi-annual periods permitted in the maximum Extension Period permitted under Section 4.14.01.

Appears in 1 contract

Samples: First Supplemental Indenture (Bear Stearns Capital Trust I)

Notice of Extension. (a) If the Institutional Property Trustee is the only registered Holder holder of the Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give written notice to the Regular Administrative Trustees, the Institutional Property Trustee and the Debt Indenture Trustee of its selection of such Extension Extended Interest Payment Period five two Business Days before the earlier of (i) the next succeeding date on which Distributions (as defined in the Trust Agreement) on the Trust Securities issued by the Trust are payable, ; or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange The Nasdaq Global Select Market or interdealer quotation system other applicable self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least five one Business Days Day before such record date. (b) If the Institutional Property Trustee is not the only Holder registered holder of Debentures at the time the Company selects an Extension Extended Interest Payment Period, the Company shall give the Holders holders of the Debentures and the Debt Indenture Trustee written notice of its selection of such Extension Extended Interest Payment Period at least 10 two Business Days before the earlier of (i) the next succeeding Interest Payment Date, ; or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange The Nasdaq Global Select Market or interdealer quotation system other applicable self-regulatory organization or to holders of the HoldersDebentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 5.2 shall be counted as one of the 20 quarterly periods quarters permitted in the maximum Extension Extended Interest Payment Period permitted under Section 4.15.1.

Appears in 1 contract

Samples: Indenture (Bridge Bancorp Inc)

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