Common use of Notice of Mandatory Redemption Clause in Contracts

Notice of Mandatory Redemption. Notice of a Mandatory Redemption ("Notice of Mandatory Redemption") of the New Limestone Notes pursuant to Section 15.01 shall be given by the New Indenture Trustee at such time or times when the New Indenture Trustee has any Amount Available in the New Notes Account (including amounts received as a result of a Take-Out Deposit) to apply to the payment of the New Limestone Notes in accordance with Section 5.04(c). Any Notice of Mandatory Redemption shall be given to each New Noteholder by first class mail or airmail, postage prepaid, at their last addresses as they shall appear upon the Note Register. Any such Notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the New Holder receives the notice. Each Notice of Mandatory Redemption shall be given the number of days prior to each Mandatory Redemption Date as the New Indenture Trustee may fix and shall specify, among other things, (a) the Mandatory Redemption Date; (b) the Mandatory Redemption Price, specifying the Limestone Interest Amount and any Default Interest; (c) that on the Mandatory Redemption Date, the Mandatory Redemption Price will become due and payable upon each such New Limestone Note to be redeemed and that interest shall cease to accrue on such New Limestone Note on and after such date; (d) the name and address of the Paying Agent; (e) that New Limestone Notes must be surrendered to the Paying Agents to collect the Mandatory Redemption Price; (f) the paragraph of the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes are being redeemed; and (g) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the New Limestone Notes.

Appears in 1 contract

Samples: Indenture (El Paso Corp/De)

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Notice of Mandatory Redemption. During the Mandatory Redemption Period, the Company shall deliver a notice (the "MANDATORY REDEMPTION NOTICE"), which Notice shall contain all instruments and materials necessary to enable any Holder of the Notes to tender their Notes pursuant to this Article 12. The Mandatory Redemption Notice, which shall govern the terms of the Mandatory Redemption, shall state: (1) that a Prepayment Event has occurred, that the Company is obligated to effect a Mandatory Redemption ("Notice of Mandatory Redemption") of the New Limestone Notes pursuant to Section 15.01 shall this Article 12 and that Notes validly tendered and not withdrawn will be given by the New Indenture Trustee at such time or times when the New Indenture Trustee has any Amount Available in the New Notes Account redeemed; (including amounts received as a result of a Take-Out Deposit) to apply to the payment of the New Limestone Notes in accordance with Section 5.04(c). Any Notice of Mandatory Redemption shall be given to each New Noteholder by first class mail or airmail, postage prepaid, at their last addresses as they shall appear upon the Note Register. Any such Notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the New Holder receives the notice. Each Notice of Mandatory Redemption shall be given the number of days prior to each Mandatory Redemption Date as the New Indenture Trustee may fix and shall specify, among other things, (a2) the Mandatory Redemption Date; Price and the date fixed for the Mandatory Redemption (bthe "MANDATORY REDEMPTION DATE"), which shall be no earlier than the 46th day and no later than the 90th day after the Prepayment Event and shall be not less than five days after the date of the Mandatory Redemption Notice; (3) that the Notes, if redeemed pursuant to the Mandatory Redemption, shall cease to accrue interest after the Mandatory Redemption Date (unless the Company shall default in the payment of the Mandatory Redemption Price, specifying in which case the Limestone Interest Amount and any Default InterestNotes shall not cease to accrue interest after such date); and (c4) that on such other information respecting the procedures for effecting the Mandatory Redemption Date, as the Mandatory Redemption Price will become due Company shall include and payable upon each such New Limestone Note to other information as may be redeemed and that interest shall cease to accrue on such New Limestone Note on and after such date; (d) the name and address of the Paying Agent; (e) that New Limestone Notes must be surrendered to the Paying Agents to collect the Mandatory Redemption Price; (f) the paragraph of the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes are being redeemed; and (g) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the New Limestone Notesrequired by law.

Appears in 1 contract

Samples: Investment Agreement (Cincinnati Bell Inc /Oh/)

Notice of Mandatory Redemption. Notice of a Mandatory Redemption ("Notice of Mandatory Redemption") of the New Limestone Notes pursuant to Section 15.01 shall be given by the New Indenture Trustee at such time or times when the New Indenture Trustee has any Amount Available in the New Notes Account (including amounts received as a result of a Take-Out Deposit) to apply to the payment of the New Limestone Notes in accordance with Section 5.04(c5.05(d). Any Notice of Mandatory Redemption shall be given to each New Noteholder by first class mail or airmail, postage prepaid, at their last addresses as they shall appear upon the Note Register. Any such Notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the New Holder receives the notice. Each Notice of Mandatory Redemption shall be given the number of days prior to each Mandatory Redemption Date as the New Indenture Trustee may fix and shall specify, among other things, (a) the Mandatory Redemption Date; (b) the Mandatory Redemption Price, specifying the Limestone applicable Interest Amount and any Default InterestAmount; (c) that that, on the Mandatory Redemption Date, the Mandatory Redemption Price will become due and payable upon each such New Limestone Note to be redeemed and that interest shall cease to accrue on such New Limestone Note on and after such date; (d) the name and address of the Paying Agent; (e) that New Limestone Notes must be surrendered to the Paying Agents Agent to collect the Mandatory Redemption Price; (f) the paragraph of the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes are being redeemed; and (g) that no representation is made as to the correctness or accuracy of the CUSIP CUSIP, CINS or ISIN number, if any, listed in such notice or printed on the New Limestone Notes.

Appears in 1 contract

Samples: Indenture (El Paso Corp/De)

Notice of Mandatory Redemption. Notice of a Mandatory Redemption ("Notice of Mandatory Redemption") of the New Limestone Senior Notes pursuant to Section 15.01 shall be given by the New Indenture Trustee at such time or times when the New Indenture Trustee has any Amount Available in the New Notes Account (including amounts received as a result of a Take-Out Deposit) Indenture Accounts to apply to the payment of the New Limestone Senior Notes in accordance with Section 5.04(c15.01 and Section 5.05(d); provided, that, with respect to any such amounts, the Indenture Trustee shall have received a certificate of Williams certifying that the amount of such funds in respect of the Mxxxxxxxx Redemption Price represents cash from Permitted Redemption Sources. Any Notice of Mandatory Redemption shall be given to each New Noteholder by first class mail or airmail, postage prepaid, at their last addresses as they shall appear upon the Note Register. Any such Notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the New Holder receives the notice. Each Notice of Mandatory Redemption shall be given the number of days prior to each Mandatory Redemption Date as the New Indenture Trustee may fix and shall specify, among other things, (a) the Mandatory Redemption Date; (b) the applicable Mandatory Redemption Price, specifying the Limestone Interest Amount and any Default Interest; (c) that that, on the Mandatory Redemption Date, the applicable Mandatory Redemption Price will become due and payable upon each such New Limestone Senior Note to be redeemed and that interest shall cease to accrue on such New Limestone Senior Note on and after such date; (d) the name and address of the Paying Agent; (e) that New Limestone Senior Notes must be surrendered to the Paying Agents to collect the applicable Mandatory Redemption Price; (f) the paragraph of the New Limestone Senior Notes and/or the paragraph of Section 15.01 of this New Indenture pursuant to which the New Limestone Senior Notes are being redeemed; and (g) that no representation is made as to the correctness or accuracy of the CUSIP CUSIP, CINS, Common Code or ISIN number, if any, listed in such notice or printed on the New Limestone Senior Notes.

Appears in 1 contract

Samples: Indenture (Williams Companies Inc)

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Notice of Mandatory Redemption. Notice of Within ten Business Days following a Mandatory Redemption Trigger Event, the Company shall mail ("Notice of Mandatory Redemption") of or, at the New Limestone Notes pursuant to Section 15.01 shall be given by the New Indenture Trustee at such time or times when the New Indenture Trustee has any Amount Available Company’s option in the New case of Notes Account (including amounts received as held in book-entry form, send by electronic transmission) a result notice of a Takemandatory redemption by first-Out Deposit) to apply to the payment of the New Limestone Notes in accordance with Section 5.04(c). Any Notice of Mandatory Redemption shall be given class mail to each New Noteholder by first class mail or airmail, postage prepaid, Holder of Notes to be redeemed at their last addresses as they its registered address. The notice shall appear upon identify the Note Register. Any such Notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the New Holder receives the notice. Each Notice of Mandatory Redemption shall be given the number of days prior to each Mandatory Redemption Date as the New Indenture Trustee may fix and shall specify, among other things, (a) the Mandatory Redemption Date; (b) the Mandatory Redemption Price, specifying the Limestone Interest Amount and any Default Interest; (c) that on the Mandatory Redemption Date, the Mandatory Redemption Price will become due and payable upon each such New Limestone Note Notes to be redeemed and that shall state: (1) the aggregate amount of Notes to be redeemed; (2) the date of mandatory redemption, which date shall be not more than 30 days from the mailing of the notice of mandatory redemption, or if such date is not a Business Day, the next Business Day thereafter (the “Mandatory Redemption Date”); (3) the redemption price (or the method of calculating such price) and the amount of accrued interest shall cease to accrue on such New Limestone Note on and after such date; be paid, if any; (d4) the name and address of the Paying Agent; ; (e5) that New Limestone Notes called for redemption must be surrendered to the Paying Agents Agent to collect the Mandatory redemption price plus accrued and unpaid interest, if any; (6) that, unless the Company defaults in making such redemption payment, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the Redemption Price; Date; (f7) the paragraph of CUSIP number, or any similar number, if any, printed on the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes are being redeemed; and and (g) 8) that no representation is made as to the correctness or accuracy of the CUSIP number, or ISIN any similar number, if any, listed in such notice or printed on the New Limestone Notes. At the Company’s written request (which may be rescinded or revoked at any time prior to the time at which the Trustee shall have given such notice to the Holders), the Trustee shall give the notice of mandatory redemption in the name of the Company and at the Company’s expense (which notice shall be sent by electronic transmission in the case of Notes held in book-entry form). In such event, the Company shall provide the Trustee with the information required by this Section 4.3 at least 5 Business Days prior to the date on which such notice must be sent to the Holders (unless the Trustee shall agree to a shorter period). The notice, if mailed in the manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Notes.

Appears in 1 contract

Samples: First Supplemental Indenture (Reliance Steel & Aluminum Co)

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