Common use of Notice to Trustee of Securities to be Redeemed Clause in Contracts

Notice to Trustee of Securities to be Redeemed. If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’ notice in advance of the date fixed for redemption (unless the Trustee shall agree to a shorter period) as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part, and so long as any securities are represented by Global Notes, in accordance with the procedures of the Depository. So long as the securities are represented by Global Notes registered in the name of The Depository Trust Company or its nominee, neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by the Depository. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Authorized Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to the Trustee notice of redemption information at least 5 days prior to the giving of such notice (unless the Trustee shall agree to a shorter period).

Appears in 4 contracts

Samples: Indenture (Telephone & Data Systems Inc /De/), Indenture (United States Cellular Corp), Indenture (United States Cellular Corp)

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Notice to Trustee of Securities to be Redeemed. If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days' notice in advance of the date fixed for redemption (unless the Trustee shall agree to a shorter period) as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and which may provide for the selection of a portion or portions (equal to the smallest denomination of one whole Security of such series or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than the smallest denomination of one whole Security of such series, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part, and so long as any securities are represented by Global Notes, in accordance with the procedures of the Depository. So long as the securities are represented by Global Notes registered in the name of The Depository Trust Company or its nominee, neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by the Depository. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Authorized Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee notice of redemption information at least 5 days prior or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to the giving of such notice (unless enable the Trustee shall agree or such paying agent to a shorter period)give any notice by mail that may be required under the provisions of this Section.

Appears in 2 contracts

Samples: Telephone & Data Systems Inc /De/, United States Cellular Corp

Notice to Trustee of Securities to be Redeemed. If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’ notice in advance of the date fixed for redemption (unless the Trustee shall agree to a shorter period) as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and which may provide for the selection of a portion or portions (equal to the smallest denomination of one whole Security of such series or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than the smallest denomination of one whole Security of such series, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part, and so long as any securities are represented by Global Notes, in accordance with the procedures of the Depository. So long as the securities are represented by Global Notes registered in the name of The Depository Trust Company or its nominee, neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by the Depository. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Authorized Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee notice of redemption information at least 5 days prior or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to the giving of such notice (unless enable the Trustee shall agree or such paying agent to a shorter period)give any notice by mail that may be required under the provisions of this Section.

Appears in 1 contract

Samples: Indenture (United States Cellular Corp)

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Notice to Trustee of Securities to be Redeemed. If less than ---------------------------------------------- all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days' notice in advance of the date fixed for redemption (unless the Trustee shall agree to a shorter period) as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and which may provide for the selection of a portion or portions (equal to the smallest denomination of one whole Security of such series or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than the smallest denomination of one whole Security of such series, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part, and so long as any securities are represented by Global Notes, in accordance with the procedures of the Depository. So long as the securities are represented by Global Notes registered in the name of The Depository Trust Company or its nominee, neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by the Depository. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Authorized Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee notice of redemption information at least 5 days prior or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to the giving of such notice (unless enable the Trustee shall agree or such paying agent to a shorter period)give any notice by mail that may be required under the provisions of this Section.

Appears in 1 contract

Samples: Telephone & Data Systems Inc /De/

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