Common use of Notice of Right to Require Redemption Clause in Contracts

Notice of Right to Require Redemption. At least 30 days but not more than 60 days before the Redemption Date, the Company shall mail a notice (the "NOTICE OF REDEMPTION RIGHT") of a Holder's right to require redemption by first-class mail, postage prepaid, to each Holder of Securities. The Notice of Redemption Right shall state: (a) the Redemption Date; (b) the Redemption Price; (c) the aggregate Minimum Redemption Amounts of all Holders; (d) the Conversion Price; (e) the name and address of the Paying Agent and Conversion Agent; (f) that Securities presented for redemption may be converted at any time before the close of business on the Business Day immediately preceding the Redemption Date; (g) that Holders who want to convert Securities must satisfy the requirements set forth therein and in this Indenture; (h) that Securities presented for redemption must be surrendered to the Paying Agent for cancellation to collect the Redemption Price; (i) that, unless the Company defaults in making payment of such Redemption Price, interest and Registration Default Payments, if any, will cease to accrue on and after the Redemption Date with respect to the Securities to be redeemed; (j) that if the Holder does not comply with the procedures specified and present Securities to be redeemed to the Paying Agent not later than the Redemption Date, the right to require redemption in excess of such Holder's Minimum Redemption Amount will terminate; and (k) the CUSIP number of the Securities. At the Company's written request delivered at least 15 days prior to the date such notice is to be given to the Holders (unless a shorter time period shall be acceptable to the Trustee), the Trustee shall give the Notice of Redemption Right in the Company's name and at the Company's expense. For purposes of clarification, the redemption of the Minimum Redemption Amount shall occur notwithstanding any failure by any Holder to comply with the procedures specified in this Section 11.02 and present Securities to be redeemed to the Paying Agent.

Appears in 2 contracts

Samples: Indenture (Vector Group LTD), Indenture (Vector Group LTD)

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Notice of Right to Require Redemption. At least 30 days but not more than 60 days before the Redemption Date, the Company shall mail a notice (the "NOTICE OF REDEMPTION RIGHT"“Notice of Redemption Right”) of a Holder's ’s right to require redemption by first-class mail, postage prepaid, to each Holder of Securities. The Notice of Redemption Right shall state: (a) the Redemption Date; (b) the Redemption Price; (c) the aggregate Minimum Redemption Amounts of all Holders; (d) the Conversion Price; (e) the name and address of the Paying Agent and Conversion Agent; (f) that Securities presented for redemption may be converted at any time before the close of business on the Business Day immediately preceding the Redemption Date; (g) that Holders who want to convert Securities must satisfy the requirements set forth therein and in this Indenture; (h) that Securities presented for redemption must be surrendered to the Paying Agent for cancellation to collect the Redemption Price; (i) that, unless the Company defaults in making payment of such Redemption Price, interest and Registration Default Payments, if any, will cease to accrue on and after the Redemption Date with respect to the Securities to be redeemed; (j) that if the Holder does not comply with the procedures specified and present Securities to be redeemed to the Paying Agent not later than the Redemption Date, the right to require redemption in excess of such Holder's ’s Minimum Redemption Amount will terminate; and (k) the CUSIP number of the Securities. At the Company's ’s written request delivered at least 15 days prior to the date such notice is to be given to the Holders (unless a shorter time period shall be acceptable to the Trustee), the Trustee shall give the Notice of Redemption Right in the Company's ’s name and at the Company's ’s expense. For purposes of clarification, the redemption of the Minimum Redemption Amount shall occur notwithstanding any failure by any Holder to comply with the procedures specified in this Section 11.02 and present Securities to be redeemed to the Paying Agent.

Appears in 1 contract

Samples: Indenture (Vector Group LTD)

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Notice of Right to Require Redemption. At least 30 days but not more than 60 days before the each applicable Holder Redemption Date, the Company shall mail a notice (the "NOTICE OF REDEMPTION RIGHT") of a Holder's right to require redemption by first-class mail, postage prepaid, to each Holder of Securities. The Notice of Redemption Right shall state: (a) the applicable Holder Redemption Date; (b) the Redemption Price; (c) the aggregate Minimum Redemption Amounts of all Holders; (d) the Conversion Price; (ed) the name and address of the Paying Agent and Conversion Agent; (fe) that Securities presented for redemption may be converted at any time before the close of business on the Business Day immediately preceding the applicable Holder Redemption Date; (gf) that Holders who want to convert Securities must satisfy the requirements set forth therein and in this Indenture; (hg) that Securities presented for redemption must be surrendered to the Paying Agent for cancellation to collect the Redemption Price; (ih) that, unless the Company defaults in making payment of such Redemption Price, Securities covered by any Notice of Redemption will cease to be outstanding and interest and Registration Default Payments, if any, will cease to accrue on and after the applicable Holder Redemption Date with respect to the Securities to be redeemed; (ji) that if the Holder does not comply with the procedures specified and present Securities to be redeemed to the Paying Agent not later than the applicable Holder Redemption Date, the right to require redemption in excess of on such Holder's Minimum Holder Redemption Amount Date will terminate; and (kj) the CUSIP number of the Securities. At the Company's written request delivered at least 15 10 days prior to the date such notice is to be given to the Holders (unless a shorter time period shall be acceptable to the Trustee), the Trustee shall give the Notice of Redemption Right in the Company's name and at the Company's expense. For purposes of clarification, the redemption of the Minimum Redemption Amount shall occur notwithstanding any failure by any Holder to comply with the procedures specified in this Section 11.02 and present Securities to be redeemed to the Paying Agent.

Appears in 1 contract

Samples: Indenture (Smith & Wesson Holding Corp)

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