Common use of Optional Redemption by Company Clause in Contracts

Optional Redemption by Company. Subject to the provisions of Article XI of the Indenture, except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penalty, in whole or in part (an "Optional Redemption"), beginning on or after July 8, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes, at the Optional Redemption Price. If the Notes are only partially redeemed pursuant to this Section 3.01(a), the Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 2 contracts

Samples: International Paper Co /New/, International Paper Co /New/

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Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8, 2001, and the eighth day of each month thereafter, Initial Optional Redemption Date at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant ) equal to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder outstanding principal amount of the NotesSecurities, at plus accrued and unpaid interest thereon to the Optional Redemption Pricedate of redemption, if any. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes Securities will be redeemed pro rata or by lot or by any other method --- ---- utilized by the Trustee; provided, that if at the time of redemption the Notes -------- Securities are registered as a Global NotesSecurity, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Securities held by each Holder for the account of Notes its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the -------- Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 2 contracts

Samples: Indenture (Agl Capital Trust Iii), Agl Capital Trust Ii

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI XIV of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8, 2001, and the eighth day of each month thereafter______ __,___, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.Price

Appears in 2 contracts

Samples: Allstate Corp, Allstate Financing Vi

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8____________, 2001, and the eighth day of each month thereafter____, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder beneficial owner of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 2 contracts

Samples: Oge Energy Capital Trust Ii, Oge Energy Capital Trust Ii

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI of the Indenture, except as otherwise may be specified in this _______ Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penalty7 11 Debentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8July, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: MCN Financing Iv

Optional Redemption by Company. Subject to the provisions of Article XI of the Indenture, except (a) Except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySubordinated Debentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8June 18, 2001, and the eighth day of each month thereafter2004, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph Section 3.03 will be made upon not less than 30 days' nor more than 60 days' prior notice before to the Redemption Date to each Holder Holders of the NotesSubordinated Debentures, at the Optional Redemption Price. If the Notes Subordinated Debentures are only partially redeemed pursuant to this Section 3.01(a)3.03, the Notes Subordinated Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Subordinated Debentures are registered as a Global NotesSubordinated Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Subordinated Debentures held by each Holder of Notes Subordinated Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon1:00 p.m., New York Little Rock, Arkansas time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 11:00 a.m., New York Little Rock, Arkansas time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Bank of the Ozarks Inc

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_______ __, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes2004, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; Trustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, provided, however, that if at any -------- ------- such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $25 or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount -------- sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Sandy Spring Capital Trust I

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________, 2001____, and upon not less than 30 days nor more than 60 days notice to the eighth day Holder of each month thereafter, the Debentures at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon, including Compounded Interest and Additional Interest, if any, to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary Depository shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Debenture Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Baltimore Gas & Electric Co

Optional Redemption by Company. Subject to the provisions of Article XI of the Indenture, except (a) Except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8___________ __, 2001, and the eighth day of each month thereafter2004, at a redemption price Redemption Price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (to be redeemed plus any accrued and unpaid interest thereon to the "Optional Redemption Price")date of such redemption. Any redemption pursuant to this paragraph will Section 3.3(a) shall be made upon not less than 30 days' nor more than 60 days' prior notice before to the Redemption Date to each Holder holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.3, the Notes will Debentures shall be redeemed pro rata or by lot or by any in such other method utilized by manner as the Trustee; provided, that if at the time of redemption the Notes are registered as Global Notes, the Depositary Trustee shall determine, deem appropriate and fair in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemeddiscretion. The Optional Redemption Price shall be paid prior to 12:00 noon, New York [City/State ] time, on the date of such redemption or at such earlier time ------------ as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York [City/State ] time, on the date such Optional Redemption Price is to be paid.. -----------

Appears in 1 contract

Samples: Sal Trust Preferred Fund I

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI XII of the Indenture, except as otherwise other-wise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning at any time or from time to time, on or after July 8September 24, 2001, and the eighth day of each month thereafter2003, at a redemption price equal to the accrued and unpaid interest on the Notes Debentures so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior notice before the Redemption Date redemption date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: International Paper Co /New/

Optional Redemption by Company. (a) Subject to the provisions of Article XI of the IndentureSection 3.3(b), except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8March 31, 2001, and the eighth day of each month thereafter2027, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.3, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by manner the TrusteeTrustee shall deem appropriate in its discretion; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Pikeville National Corp

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________, 2001, and the eighth day of each month thereafter____, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon, including Compounded Interest and Additional Interest, if any, to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary Depository shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Debenture Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Public Service Co of Colorado

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8October 15, 2001, and the eighth day of each month thereafter2004, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder beneficial owner of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Oge Energy Capital Trust I)

Optional Redemption by Company. (a) Subject to the provisions of Section 302(b) and to the provisions of Article XI Eleven of the Original Indenture, except as otherwise may be specified in this ________ Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyNotes, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________, 2001____, and upon not less than 30 days nor more than 60 days notice to the eighth day Holder of each month thereafter, the Notes at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon, including Compounded Interest and Additional Interest, if any, to the date of such redemption (the "Optional Redemption PriceOPTIONAL REDEMPTION PRICE"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes, at the Optional Redemption Price. If the Notes are only partially redeemed pursuant to this Section 3.01(a)302, the Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes are registered as a Global NotesNote, the Depositary Depository shall determine, in accordance with its procedures, the principal amount of such Notes held by each Note Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines redemption, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Teco Capital Trust Iii)

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_______ __, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes2004, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; providedTrustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, PROVIDED, HOWEVER, that if at any such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $10 or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided determines, PROVIDED that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Independent Capital Trust Ii)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Fourteen of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8______, 2001, and the eighth day of each month thereafter20__, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a3.2(a), the Notes Debentures will be redeemed pro rata or by lot or by --- ---- any other method utilized by the Trustee; provided, that if at the time of -------- redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder holder of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Countrywide Capital Ii)

Optional Redemption by Company. Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have may at its option (i) on and after the right to Initial Optional Redemption Date, redeem this Note at the option of the Company, without premium or penalty, Securities in whole or in part (an "Optional Redemption"), beginning on or after July 8, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notespart, at the applicable Special Redemption Price and (ii) if a Special Event shall occur and be continuing, redeem the Securities in whole (but not in part) at any time prior to the Initial Optional Redemption Date and within 90 days of the occurrence of such Special Event, at the Regular Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.01, the Notes Securities will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Securities are registered as a Global NotesSecurity, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Securities held by each Holder for the account of Notes its participants to be redeemedprepaid. The Optional applicable Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional applicable Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Xerox Corp

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8________ __, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes2007, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; providedTrustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, PROVIDED, HOWEVER, that if at any such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $25 or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided determines, PROVIDED that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Coastal Capital Trust I

Optional Redemption by Company. Subject to the provisions of Article XI of the Indenture, except (a) Except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySubordinated Debentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8____________, 2001, and the eighth day of each month thereafter2004, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph Section 3.03 will be made upon not less than 30 days' nor more than 60 days' prior notice before to the Redemption Date to each Holder Holders of the NotesSubordinated Debentures, at the Optional Redemption Price. If the Notes Subordinated Debentures are only partially redeemed pursuant to this Section 3.01(a)3.03, the Notes Subordinated Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Subordinated Debentures are registered as a Global NotesSubordinated Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Subordinated Debentures held by each Holder of Notes Subordinated Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon1:00 p.m., New York Little Rock, Arkansas time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 11:00 a.m., New York Little Rock, Arkansas time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Ozark Capital Trust

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8____________, 2001, and the eighth day of each month thereafter____, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (NSP Financing Ii)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.02(b) and to the provisions of Article XI XIV of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________, 2001, and the eighth day of each month thereafter___, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.02, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Comcast Cable Trust Iii)

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Optional Redemption by Company. (a) Subject to the provisions of Section 3.02(b) and to the provisions of Article XI III of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company Com pany shall have the right to redeem this Note at the option of the Company, without premium or penaltySubordinated Debentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8January 31, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder holder of the NotesSubordinated Debentures, at the Optional Redemption Price. If the Notes Subordinated Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Subordinated Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Subordinated Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Subordinated Debentures held by each Holder holder of Notes Subordinated Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: First Supplemental Indenture (Illinova Corp)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b), 3.2(c) and to the provisions of Article XI Fourteen of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8, 2001, and the eighth day of each month thereafter_____________, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder Holders of the Notes, at the Optional Redemption PriceDebentures. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: First Supplemental Indenture (Citicorp)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI of the Indenture, except as otherwise may be specified in this Fourth Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole whole, at any time, or in part (an "Optional Redemption")from time to time, beginning on or after July 8November 15, 2001, and the eighth day of each month thereafter2003, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon, including Additional Interest, if any, to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines deter mines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (MCN Energy Group Inc)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8May 11, 20012003, and upon not less than 30 days nor more than 60 days notice to the eighth day Holder of each month thereafter, the Debentures at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon, including Compounded Interest and Additional Interest, if any, to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary Depository shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Debenture Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Public Service Co of Colorado

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Fourteen of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, Debentures without premium or penalty, in whole or in part (an "Optional Redemption")part, beginning at any time and from time to time, on or after July 8December 15, 2001, and the eighth day of each month thereafter2006, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a3.2(a), the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder holder of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Supplemental Indenture (Countrywide Financial Corp)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyNotes, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8December 31, 2001, and the eighth day of each month thereafter2000, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before to the Redemption Date to each Holder of the Notes, at the Optional Redemption Price. If the Notes are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; providedprovided that, that if at the time of redemption the Notes are registered as a Global NotesNote, the Depositary shall determine, in accordance with its procedures, determine by lot the principal amount of such Notes held by each Holder of Notes to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: First Supplemental Indenture (Southwest Gas Corp)

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________ __, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes20__, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; Trustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, provided, however, that if at any such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $_________or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon___:00 __.m., New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m.___:00 __.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: R&g Financial Corp

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Fourteen of the Indenture, except as otherwise may be specified in this Supplemental Indenture, the Company shall have the right to redeem this Note at prepay the option of the Company, without premium or penaltyNotes, in whole or in part (an "Optional Redemption")part, beginning at any time and from time to time, on or after July 8_____________, 2001, and the eighth day of each month thereafter______, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Prepayment Price"). Any redemption prepayment pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the Notes, at the Optional Redemption Prepayment Price. If the Notes are only partially redeemed prepaid pursuant to this Section 3.01(a)3.2, the Notes will be redeemed prepaid pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption prepayment the Notes are registered as a Global NotesNote, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes Note to be redeemedprepaid. The Optional Redemption Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption prepayment or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Prepayment Price by 10:00 a.m., New York time, on the date such Optional Redemption Prepayment Price is to be paid.

Appears in 1 contract

Samples: Supplemental Indenture (Nb Capital Trust V)

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________ __, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes2005, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; Trustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, provided, however, that if at any -------- ------- such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $__or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount -------- sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (East West Bancorp Capital Trust I)

Optional Redemption by Company. (a) Subject to the provisions of this Article XI of the Indenture, except as otherwise may be specified in this Supplemental IndentureXIV, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltySecurities, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8__________, 2001, and the eighth day of each month thereafter, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days' prior notice before the Redemption Date to each Holder of the Notes2002, at the Optional Redemption Price. If the Notes Securities are only partially redeemed pursuant to this Section 3.01(a)14.02, the Notes will Securities to be redeemed shall be selected on a pro rata or basis, by lot or by any such other method utilized by that the Trustee; Property Trustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, provided, however, that if at any such method of selection may be made on the time basis of redemption the Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the aggregate principal amount of such Notes Securities held by each Holder Securityholder and may be made by making such adjustments as the Company deems fair and appropriate in order that only Securities in denominations of Notes to $25 or integral multiples thereof shall be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Independent Capital Trust I)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8____________, 2001, and the eighth day of each month thereafter____, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary Depository shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder beneficial owner of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (Og&e Financing I)

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI _____ of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8_________, 2001, and the eighth day of each month thereafter2000, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debenture to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Textron Inc

Optional Redemption by Company. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI Eleven of the Indenture, except as otherwise may be specified in this First Supplemental Indenture, the Company shall have the right to redeem this Note at the option of the Company, without premium or penaltyDebentures, in whole or in part (an "Optional Redemption")part, beginning from time to time, on or after July 8January 31, 2001, and the eighth day of each month thereafter2002, at a redemption price equal to the accrued and unpaid interest on the Notes so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the "Optional Redemption Price"). Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days' prior days notice before to the Redemption Date to each Holder of the NotesDebentures, at the Optional Redemption Price. If the Notes Debentures are only partially redeemed pursuant to this Section 3.01(a)3.2, the Notes Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Notes Debentures are registered as a Global NotesDebenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes Debentures held by each Holder of Notes Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Appears in 1 contract

Samples: Indenture (NSP Financing Ii)

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