Common use of Notice of Redemption by the Servicer Clause in Contracts

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating Agency. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 5 contracts

Samples: Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc)

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Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the each Rating Agency. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 4 contracts

Samples: Indenture (BBX Capital Corp), Indenture (BFC Financial Corp), Indenture (BBX Capital Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) for 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyRegister. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 4 contracts

Samples: Indenture (Bluegreen Corp), Third Amended and Restated Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than for fifteen (15) days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyAgencies. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 3 contracts

Samples: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating Agency. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Samples: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) for 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyAgencies. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Samples: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyRegister. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 2 contracts

Samples: Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc)

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Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) for 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyAgencies, to the extent rated. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 1 contract

Samples: Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) for 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating AgencyRegister. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 1 contract

Samples: Indenture (Bluegreen Corp)

Notice of Redemption by the Servicer. Notices of redemption shall be given by the Servicer by first class mail, postage prepaid, mailed not less than fifteen (15) for 15 days prior to the Redemption Date to each Noteholder, at the address listed in the Note Register and to the Rating Agency. All notices of redemption shall state (a) the Redemption Date, (b) the Redemption Price, (c) that on the Redemption Date, the Redemption Price will become due and payable in respect of each Note, and that interest thereon shall cease to accrue if payment is made on the Redemption Date and (d) the office of the Indenture Trustee where the Notes are to be surrendered for payment of the Redemption Price. Failure to give notice of redemption, or any defect therein, to any Noteholder shall not impair or affect the validity of the redemption of any other Note.

Appears in 1 contract

Samples: Indenture (Bluegreen Corp)

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