Notice of redemption of Securities to be redeemed at the election. of the Company shall be given by the Company or, at the Company's request, by the Trustee in the name and at the expense of the Company and, subject to paragraph (c) of this Section, shall be irrevocable. The notice if mailed in the manner provided above shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, a failure to give such notice by mail or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security.
Appears in 2 contracts
Samples: MRM Capital Trust Iii, Vib Corp
Notice of redemption of Securities to be redeemed at the election. of the Company shall be given by the Company or, at the Company's request, by the Trustee in the name and at the expense of the Company andCompany, subject to paragraph (c) of this Section, and shall be irrevocable. The notice if mailed in the manner provided above shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, a failure to give such notice by mail or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security.
Appears in 2 contracts
Samples: MRM Capital Trust Iii, MRM Capital Trust Iii
Notice of redemption of Securities to be redeemed at the election. of the Company shall be given by the Company or, at the Company's request, by the Trustee in the name and at the expense of the Company and, subject to paragraph (c) of this Section, and shall be irrevocable. The notice notice, if mailed in the manner provided above above, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, a failure to give such notice by mail or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security.
Appears in 1 contract
Samples: American Bancshares Inc \Fl\