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

Notice of Redemption; Conditional Notice. Notice of redemption will be mailed at least 30 days but not more than 90 days before the Redemption Date to each Holder of Series A Securities to be redeemed at the Holder's registered address. Interest on the Securities to be redeemed by the Company will cease to accrue after the Redemption Date. Series A Securities in denominations larger than $ of principal amount may be redeemed in part but only in integral multiples of $ of principal amount. In connection with an optional redemption, such notice may state that it is subject to the receipt by the Trustee of funds from the Company on or before the Redemption Date, in which event such notice shall be ineffective unless such funds are so received.

Appears in 2 contracts

Samples: Indenture (Met Ed Capital Trust), Indenture (Penelec Capital Trust)

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Notice of Redemption; Conditional Notice. Notice of redemption will be mailed at least 30 days but not more than 90 days before the Redemption Date to each Holder of Series A Securities to be redeemed at the Holder's registered address. Interest on the Securities to be redeemed by the Company will cease to accrue after the Redemption Date. Series A Securities in denominations larger than $ $----- of principal amount may be redeemed in part but only in integral multiples of $ $------ of principal amount. In connection with an optional redemption, such notice may state that it is subject to the receipt by the Trustee of funds from the Company on or before the Redemption Date, in which event such notice shall be ineffective unless such funds are so received.

Appears in 1 contract

Samples: Indenture (Metropolitan Edison Co)

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Notice of Redemption; Conditional Notice. Notice of redemption will be mailed at least 30 days but not more than 90 days before the Redemption Date to each Holder of Series A Securities to be redeemed at the Holder's registered address. Interest on the Securities to be redeemed by the Company will cease to accrue after the Redemption Date. Series A Securities in denominations larger than $ $25 of principal amount may be redeemed in part but only in integral multiples of $ $25 of principal amount. In connection with an optional redemption, such notice may state that it is subject to the receipt by the Trustee of funds from the Company on or before the Redemption Date, in which event such notice shall be ineffective unless such funds are so received.

Appears in 1 contract

Samples: Indenture (Pennsylvania Electric Co)

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