Common use of Optional Interest Reset Clause in Contracts

Optional Interest Reset. If so specified on the face hereof, the Spread or the Spread multiplier on this Note may be reset by the Company on the date or dates specified on the face hereof (each an "Optional Interest Reset Date"). The Company may exercise such option by notifying the Trustee of such exercise at least 45 but not more than 60 calendar days prior to an Optional Interest Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) to the Holder of this Note a notice (the "Reset Notice") indicating (i) that the Company has elected to reset the Spread or the Spread Multiplier, (ii) such new Spread or Spread Multiplier and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date or, if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Note. Such notice shall be irrevocable. All Notes with respect to which the Spread and/or the Spread Multiplier is reset on an Optional Interest Reset Date will bear such Spread and/or Spread Multiplier resulting in a higher interest rate, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier of this Note, the Holder of this Note will have the option to elect repayment of this Note by the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus interest accrued and unpaid thereon to such Optional Interest Reset Date. In order to obtain repayment on an Optional Interest Reset Date, the Holder must follow the procedures set forth under Section 12 for optional repayment except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City time, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or the Spread multiplier interest rate on this Note may be reset by the Company on the date or dates specified on the face hereof (each an "Optional Interest Reset Date"). The Company may exercise such option by notifying the Trustee of such exercise at least 45 but not more than 60 calendar days prior to an Optional Interest Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) to the Holder of this Note a notice (the "Reset Notice") indicating (i) that the Company has elected to reset the Spread or the Spread Multiplierinterest rate, (ii) such new Spread or Spread Multiplier interest rate and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date or, if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier interest rate provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Note. Such notice shall be irrevocable. All Notes with respect to which the Spread and/or the Spread Multiplier interest rate is reset on an Optional Interest Reset Date will bear such Spread and/or Spread Multiplier resulting in a higher interest rate, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier interest rate of this Note, the Holder of this Note will have the option to elect repayment of this Note by the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus interest accrued and unpaid thereon to such Optional Interest Reset Date. In order to obtain repayment on an Optional Interest Reset Date, the Holder must follow the procedures set forth under Section 12 13 for optional repayment except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City time, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or Company may reset the Spread multiplier on this Note may be reset by the Company on the date or dates interest rate specified on the face hereof (each an "Optional Interest on the Reset Date")Date or Dates specified on the face hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 days but not more than 60 calendar days prior to an Optional Interest a Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest such Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter the Trustee will mail (first class, postage prepaid) to the Holder of this Senior Note a notice (the "Reset Notice") indicating setting forth (i) that the Company has elected Company's election to reset the Spread or the Spread Multiplierinterest rate, (ii) such the new Spread or Spread Multiplier interest rate and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date orDate, or if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Senior Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest a Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier interest rate provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by mailing or causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter mail (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Senior Note. Such notice shall will be irrevocable. All Senior Notes with respect to which the Spread and/or the Spread Multiplier interest rate is reset on an Optional Interest a Reset Date to a higher interest rate will bear such Spread and/or Spread Multiplier resulting in a higher interest rate, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier interest rate of this Senior Note, the Holder of this Senior Note will have the option to elect repayment of this Note by Senior Note, in whole but not in part, on the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus accrued interest accrued and unpaid thereon to such Optional Interest Reset Date. In order for this Senior Note to obtain repayment be so repaid on an Optional Interest a Reset Date, the Holder must follow the procedures set forth specified under Section 12 Paragraph 4 for optional repayment repayment, except that the period for delivery of this Senior Note or notification to the Trustee shall will be at least 25 days but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Senior Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or Company may reset the Spread multiplier on this Note may be reset by the Company on the date or dates and/or Spread Multiplier specified on the face hereof (each an "Optional Interest on the Reset Date")Date or Dates specified on the face hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 days but not more than 60 calendar days prior to an Optional Interest a Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest such Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter the Trustee will mail (first class, postage prepaid) to the Holder of this Subordinated Note a notice (the "Reset Notice") indicating setting forth (i) that the Company has elected Company's election to reset the Spread or the and/or Spread Multiplier, (ii) such the new Spread or and/or Spread Multiplier and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date orDate, or if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Subordinated Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest a Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier provided for in the Reset Notice and establish a higher Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by mailing or causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter mail (first class, postage prepaid) notice of such higher Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Subordinated Note. Such notice shall will be irrevocable. All Subordinated Notes with respect to which the Spread and/or the Spread Multiplier is reset on an Optional Interest a Reset Date will bear such to a higher Spread and/or Spread Multiplier resulting in a will bear such higher interest rateSpread and/or Spread Multiplier, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier of this Subordinated Note, the Holder of this Subordinated Note will have the option to elect repayment of this Note by Subordinated Note, in whole but not in part, on the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus accrued interest accrued and unpaid thereon to such Optional Interest Reset Date. In order for this Subordinated Note to obtain repayment be so repaid on an Optional Interest a Reset Date, the Holder must follow the procedures set forth specified under Section 12 4 for optional repayment repayment, except that the period for delivery of this Subordinated Note or notification to the Trustee shall will be at least 25 days but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Subordinated Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or interest rate, the Spread, if any, and/or the Spread multiplier Multiplier, specified on this Note the face hereof may be reset by the Company on the date Optional Reset Date or dates Dates specified on the face hereof (each an "Optional Interest Reset Date")hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 but not more than 60 calendar days prior to an Optional Interest Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each such Optional Interest Reset Date, the Trustee will send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) to the Holder of this Note a notice (the "Reset Notice") indicating (iI) that the Company has elected to reset the Spread or interest rate, the Spread, if any, and/or the Spread Multiplier, (ii) such new interest rate, the Spread, if any, and/or the Spread or Spread Multiplier Multiplier, and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date or, if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest Reset Date, the Company may, at its option, revoke the Spread interest rate, the Spread, if any, and/or the Spread Multiplier Multiplier, provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate rate, the Spread, if any, and/or the Spread Multiplier, for the Subsequent Interest Period commencing on such Optional Interest Reset Date by causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Note. Such notice shall will be irrevocable. All Notes with respect to which the Spread interest rate, the Spread, if any, and/or the Spread Multiplier Multiplier, is reset on an Optional Interest Reset Date will bear such Spread and/or Spread Multiplier resulting in to a higher interest rate, the Spread, if any, and/or the Spread Multiplier, will bear such higher interest rate, the Spread, if any, and/or the Spread Multiplier, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the interest rate, the Spread, if any, and/or the Spread and/or Spread Multiplier Multiplier, of this Note, the Holder of this Note will have the option to elect repayment of this Note Note, in whole but not in part, by the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus interest accrued and unpaid thereon interest to but excluding such Optional Interest Reset Date. In order for this Note to obtain repayment be so repaid on an Optional Interest Reset Date, the Holder must follow the procedures set forth specified under Section 12 4 for optional repayment repayment, except that the period for delivery deliver of this Note or notification to the Trustee shall will be at least 25 but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this his Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or interest rate specified on the Spread multiplier on this Note face hereof may be reset by the Company on the date Optional Reset Date or dates Dates specified on the face hereof (each an "Optional Interest Reset Date")hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 but not more than 60 calendar days prior to an Optional Interest Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each such Optional Interest Reset Date, the Trustee will send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) to the Holder of this Note a notice (the "Reset Notice") indicating (iI) that the Company has elected to reset the Spread or the Spread Multiplierinterest rate, (ii) such new Spread or Spread Multiplier interest rate and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date or, if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier interest rate provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Note. Such notice shall will be irrevocable. All Notes with respect to which the Spread and/or the Spread Multiplier interest rate is reset on an Optional Interest Reset Date to a higher interest rate will bear such Spread and/or Spread Multiplier resulting in a higher interest rate, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier interest rate of this Note, the Holder of this Note will have the option to elect repayment of this Note Note, in whole but not in part, by the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus interest accrued and unpaid thereon interest to but excluding such Optional Interest Reset Date. In order for this Note to obtain repayment be so repaid on an Optional Interest Reset Date, the Holder must follow the procedures set forth specified under Section 12 4 for optional repayment repayment, except that the period for delivery deliver of this Note or notification to the Trustee shall will be at least 25 but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this his Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or Company may reset the Spread multiplier on this Note may be reset by the Company on the date or dates interest rate specified on the face hereof (each an "Optional Interest on the Reset Date")Date or Dates specified on the face hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 days but not more than 60 calendar days prior to an Optional Interest a Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest such Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter the Trustee will mail (first class, postage prepaid) to the Holder of this Subordinated Note a notice (the "Reset Notice") indicating setting forth (i) that the Company has elected Company's election to reset the Spread or the Spread Multiplierinterest rate, (ii) such the new Spread or Spread Multiplier interest rate and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date orDate, or if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Subordinated Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest a Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier interest rate provided for in the Reset Notice and establish a Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by mailing or causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter mail (first class, postage prepaid) notice of such Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Subordinated Note. Such notice shall will be irrevocable. All Subordinated Notes with respect to which the Spread and/or the Spread Multiplier interest rate is reset on an Optional Interest a Reset Date to a higher interest rate will bear such Spread and/or Spread Multiplier resulting in a higher interest rate, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier interest rate of this Subordinated Note, the Holder of this Subordinated Note will have the option to elect repayment of this Note by Subordinated Note, in whole but not in part, on the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus accrued interest accrued and unpaid thereon to such Optional Interest Reset Date. In order for this Subordinated Note to obtain repayment be so repaid on an Optional Interest a Reset Date, the Holder must follow the procedures set forth specified under Section 12 Paragraph 4 for optional repayment repayment, except that the period for delivery of this Subordinated Note or notification to the Trustee shall will be at least 25 days but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Subordinated Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.

Optional Interest Reset. If so specified on the face hereof, the Spread or Company may reset the Spread multiplier on this Note may be reset by the Company on the date or dates and/or Spread Multiplier specified on the face hereof (each an "Optional Interest on the Reset Date")Date or Dates specified on the face hereof. The Company may exercise such option by notifying the Trustee of such exercise at least 45 days but not more than 60 calendar days prior to an Optional Interest a Reset Date. If the Company so notifies the Trustee of such exercise, the Trustee will send, not later than 40 calendar days prior to each Optional Interest such Reset Date, by telegram, telex, facsimile transmission, hand delivery or letter the Trustee will mail (first class, postage prepaid) to the Holder of this Senior Note a notice (the "Reset Notice") indicating setting forth (i) that the Company has elected Company's election to reset the Spread or the and/or Spread Multiplier, (ii) such the new Spread or and/or Spread Multiplier and (iii) the provisions, if any, for redemption during the period from such Optional Interest Reset Date to the next Optional Interest Reset Date orDate, or if there is no such next Optional Interest Reset Date, to the Stated Maturity of this Senior Note (each such period a "Subsequent Interest Period"), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. Notwithstanding the foregoing, not later than 20 calendar days prior to an Optional Interest a Reset Date, the Company may, at its option, revoke the Spread and/or the Spread Multiplier provided for in the Reset Notice and establish a higher Spread and/or Spread Multiplier resulting in a higher interest rate for the Subsequent Interest Period commencing on such Optional Interest Reset Date by mailing or causing the Trustee to send by telegram, telex, facsimile transmission, hand delivery or letter mail (first class, postage prepaid) notice of such higher Spread and/or Spread Multiplier resulting in a higher interest rate to the Holder of this Senior Note. Such notice shall will be irrevocable. All Senior Notes with respect to which the Spread and/or the Spread Multiplier is reset on an Optional Interest a Reset Date will bear such to a higher Spread and/or Spread Multiplier resulting in a will bear such higher interest rateSpread and/or Spread Multiplier, whether or not tendered for repayment as provided in the next paragraph. If the Company elects prior to an Optional Interest Reset Date to reset the Spread and/or Spread Multiplier of this Senior Note, the Holder of this Senior Note will have the option to elect repayment of this Note by Senior Note, in whole but not in part, on the Company on such Optional Interest Reset Date at a price equal to the principal amount hereof plus accrued interest accrued and unpaid thereon to such Optional Interest Reset Date. In order for this Senior Note to obtain repayment be so repaid on an Optional Interest a Reset Date, the Holder must follow the procedures set forth specified under Section 12 4 for optional repayment repayment, except that the period for delivery of this Senior Note or notification to the Trustee shall will be at least 25 days but not more than 35 calendar days prior to such Optional Interest Reset Date. If the Holder has tendered this Senior Note for repayment following receipt of a Reset Notice, the Holder may revoke such tender for repayment by written notice to the Trustee received prior to 5:00 P.M., New York City timethe close of business, on the tenth calendar day prior to such Optional Interest Reset Date.