Common use of Notice of Redemption; Conditional Notice Clause in Contracts

Notice of Redemption; Conditional Notice. At least 30 days but not more than 90 days before a Redemption Date, the Company shall mail or cause to be mailed a notice of redemption by first-class mail, postage prepaid, to each Holder of Securities to be redeemed at the Holder's last address, as it appears on the Register. A copy of such notice shall be mailed to the Trustee when the notice is mailed to Holders of Securities. At the Company's written request, the Trustee shall give the notice of redemption in the Company's name and at its expense. The notice shall identify the Securities (by series and by certificate number) to be redeemed, the provision of the Securities or this Indenture pursuant to which the Securities called for redemption are being redeemed and shall state: (1) the Redemption Date; (2) the Redemption Price; (3) the CUSIP number (subject to Section 2.12 hereof); (4) the name and address of the Paying Agent; (5) that Securities called for redemption must be surrendered to the Paying Agent to collect the Redemption Price; (6) if fewer than all the outstanding Securities of any series are to be redeemed, the identification and principal amounts of the particular Securities to be redeemed and that, on and after the Redemption Date, upon surrender of such Securities, a new Security or Securities of the same series in principal amount equal to the unredeemed portion thereof will be issued; and (7) that, unless the Company defaults in making such redemption payment, interest will cease to accrue on Securities called for redemption on and after the Redemption Date. If, when a notice of optional redemption is mailed, the Company shall not have irrevocably directed the Trustee to apply towards such redemption funds deposited with the Trustee or held by it for the redemption of the Securities called for redemption, such notice may state that it is subject to the receipt of the redemption monies by the Trustee on or before the Redemption Date, and in such case, the notice of redemption shall be of no effect unless such monies are so received on or before the Redemption Date.