Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed. (b) Prior to the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to the greater of: (i) 100% of the principal amount of the Notes to be redeemed; and (ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price. (c) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstanding. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay. (d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less will be redeemed in part. (e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note: (i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or (ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Eighteenth Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 30 days’ but no more than 45 60 days’ prior written notice sent mailed to the registered Holders of the Notes to be redeemed.
(b) Prior If the Company elects to redeem the Notes before the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at pay a redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date Date, (exclusive of interest accrued to the Redemption Date), ) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 50 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On .
(c) If the Company elects to redeem the Notes on or after the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price pay an amount equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(cd) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(de) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lotlot or by such method as the Trustee deems fair and appropriate. No Notes of $1,000 or less will be redeemed in part.
(ef) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending mailing of the relevant notice of redemption and ending on the close of business on that day of sendingmailing; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 30 days’ but no more than 45 60 days’ prior written notice sent mailed to the registered Holders of the Notes to be redeemed.
(b) Prior If the Company elects to redeem the Notes before the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at pay a redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date Date, (exclusive of interest accrued to the Redemption Date), ) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 35 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On .
(c) If the Company elects to redeem the Notes on or after the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price pay an amount equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(cd) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(de) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lotlot or by such method as the Trustee deems fair and appropriate. No Notes of $1,000 or less will be redeemed in part.
(ef) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending mailing of the relevant notice of redemption and ending on the close of business on that day of sendingmailing; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Third Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 10 days’ but no more than 45 60 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) as calculated by the Company equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if discounted to the Redemption Date (assuming the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date ) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, less interest accrued to the Redemption Date; and
(ii) 100% of the principal amount of the Notes to be redeemed; plus, in each either case, accrued and unpaid interestinterest thereon, if any, on the amount being redeemed to, but excludingnot including, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole or in part at any time or in part and from time to time, at the Company’s option, at a redemption price Redemption Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if anyinterest thereon, to, but excludingnot including, the Redemption Date. The Company will calculate the redemption priceRedemption Price.
(c) If money sufficient to pay the redemption price Redemption Price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstanding. If any Redemption Date is not a Business Day, the Company will pay the redemption price Redemption Price on the next Business Day without any interest or other payment due to the delay.
(d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 60 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 2,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 10 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
(f) The Company’s determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Company will notify the Trustee of the Redemption Price promptly after the calculation thereof and the Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price.
Appears in 1 contract
Samples: Twentieth Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s optionThe Notes shall be redeemable, the Notes may be redeemed, in whole at any time in whole or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable time in whole at any time or in part from time to timepart, at the Company’s option, at a redemption price Redemption Price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if on the Notes matured on to be redeemed from the Par Call Redemption Date to the Stated Maturity of the Notes to be redeemed (exclusive of any interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) , at the Treasury Rate plus 25 15 basis pointspoints in the case of the 2013 Notes, 15 basis points in the case of the 2015 Notes and 30 basis points in the case of the 2040 Notes (the “Applicable Premium”); plus, in each case, any interest accrued and unpaid interest, if any, but not paid on the amount being Notes to be redeemed to, but excluding, to the Redemption Date. On Notwithstanding the foregoing, installments of interest on applicable Notes that are due and payable on Interest Payment Dates falling on or after the Par Call Date, the Notes prior to a Redemption Date will be redeemable in whole at any time or in part from time payable on the Interest Payment Date to time, at the Company’s option, at a redemption price equal to 100% registered holders as of the principal amount close of business on the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption relevant Regular Record Date. The Company will calculate the redemption price.
(cb) If money sufficient to pay Unless the redemption price Company defaults in payment of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfiedPrice, then on and after the Redemption Date, interest will shall cease to accrue on the Notes (or such portion thereof) portions thereof called for redemption. Notice of any redemption and such Notes will cease may, at the Company’s discretion, be subject to be outstandingone or more conditions precedent. If any A notice of redemption need not set forth the exact Redemption Date is not a Business DayPrice, but only the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delaymanner of calculation thereof.
(dc) If fewer than all The Applicable Premium shall be calculated by an independent investment banking institution of national standing appointed by the Notes are Company; provided, however, if the Company fails to be redeemed make such appointment at any time, not more than least 45 days Business Days prior to the Redemption Date, or if the particular Notes institution so appointed is unwilling or portions thereof for redemption from the outstanding Notes not previously called unable to make such calculation, such calculation shall be selected in accordance with made by an independent investment banking institution of national standing appointed by the procedures of DTC or by lot. No Notes of $1,000 or less will be redeemed in partTrustee.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Optional Redemption of the Notes. (a) At The Notes will be redeemable -------------------------------- at any time, at the option of the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to timetime in part, on at least 15 days’ 30 days but no more than 45 days’ 60 days prior written notice sent mailed to the Holders registered holders of the Notes to be redeemed.
(b) Prior . In addition, notice of any such optional redemption will be published as described in Section 5 below no later than 30 days prior to the Par Call Date, redemption date. The respective redemption prices of the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to the greater of:
of (i1) 100% of the principal amount of the Notes to be redeemed; and
redeemed and (ii2) the sum, as determined by the Company based on the Reference Treasury Dealer QuotationsQuotation Agent (as defined below), of the present value values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of principal and interest thereon that would be due if from the Notes matured on the Par Call Date (exclusive of interest accrued redemption date to the Redemption Date), respective maturity date (the "Remaining Life") discounted from their respective scheduled payment dates to the Redemption Date redemption date on a semi-annual semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 25 10 basis pointspoints (in the case of the 2004 notes), 15 basis points (in the case of the 2009 Notes) or 20 basis points (in the case of the 2029 Notes), plus, in each case, accrued and unpaid interest, if any, interest on the principal amount being redeemed to, but excluding, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(c) date. If money sufficient to pay the redemption price of of, and accrued interest on on, the Notes (or portions thereof) to be redeemed on the Redemption Date redemption date is deposited with the Trustee or Paying Agent on or before the Redemption Date redemption date and the certain other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Dateredemption date, interest will cease to accrue on the such Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date redemption date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(d) . If fewer less than all of the Notes of a series are to be redeemed at any time, not more than 45 days prior to the Redemption Dateredeemed, the particular Trustee will select the Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC on a pro rata basis, by lot or by lotsuch other method as the Trustee deems appropriate and fair. No Notes of $1,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: First Supplemental Indenture (Electronic Data Systems Corp /De/)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 30 days’ but no more than 45 60 days’ prior written notice sent mailed to the registered Holders of the Notes to be redeemed.
(b) Prior If the Company elects to redeem the Notes before the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at pay a redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date Date, (exclusive of interest accrued to the Redemption Date), ) discounted to the Redemption Date on a semi-semi- annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 45 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On .
(c) If the Company elects to redeem the Notes on or after the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price pay an amount equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(cd) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(de) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lotlot or by such method as the Trustee deems fair and appropriate. No Notes of $1,000 or less will be redeemed in part.
(ef) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending mailing of the relevant notice of redemption and ending on the close of business on that day of sendingmailing; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Fifth Supplemental Indenture
Optional Redemption of the Notes. (a) At the Company’s optionThe Notes shall be redeemable, the Notes may be redeemed, in whole at any time in whole or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable time in whole at any time or in part from time to timepart, at the Company’s option, at a redemption price Redemption Price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if on the Notes matured on to be redeemed from the Par Call Redemption Date to the Stated Maturity of the Notes to be redeemed (exclusive of any interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) , at the Treasury Rate plus 25 basis points, points in the case of the 2012 Notes and 30 basis points in the case of the 2019 Notes (the “Applicable Premium”); plus, in each case, any interest accrued and unpaid interest, if any, but not paid on the amount being Notes to be redeemed to, but excluding, to the Redemption Date. On Notwithstanding the foregoing, installments of interest on applicable Notes that are due and payable on Interest Payment Dates falling on or after the Par Call Date, the Notes prior to a Redemption Date will be redeemable in whole at any time or in part from time payable on the Interest Payment Date to time, at the Company’s option, at a redemption price equal to 100% registered holders as of the principal amount close of business on the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption relevant Regular Record Date. The Company will calculate the redemption price.
(cb) If money sufficient to pay Unless the redemption price Company defaults in payment of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfiedPrice, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) portions thereof called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(d) If fewer less than all of the applicable Notes are to be redeemed at any time, the Trustee will select the Notes for redemption on a pro rata basis. Notes in denominations of $2,000 or less may not be redeemed in part. Notes in denominations larger than $2,000 principal amount may be redeemed in part but only in whole multiples of $1,000. Notice of any redemption may, at the Company’s discretion, be subject to one or more than conditions precedent. A notice of redemption need not set forth the exact Redemption Price but only the manner of calculation thereof.
(c) The Applicable Premium shall be calculated by an independent investment banking institution of national standing appointed by the Company; provided, however, if the Company fails to make such appointment at least 45 days Business Days prior to the Redemption Date, or if the particular Notes institution so appointed is unwilling or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less unable to make such calculation, such calculation will be redeemed in partmade by an independent investment banking institution of national standing appointed by the Trustee.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Supplemental Indenture (Dell Inc)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the registered Holders of the Notes to be redeemed.
(b) Prior If the Company elects to redeem the Par Call DateNotes, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at pay a redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if to the Notes matured on the Par Call Date maturity date (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 12.5 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(c) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Tenth Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s optionThe Notes shall be redeemable, the Notes may be redeemed, in whole at any time in whole or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable time in whole at any time or in part from time to timepart, at the Company’s option, at a redemption price Redemption Price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if on the Notes matured on to be redeemed from the Par Call Redemption Date to the Stated Maturity of the Notes to be redeemed (exclusive of any interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) , at the Treasury Rate plus 25 50 basis pointspoints (the “Applicable Premium”), plus, in each case, any interest accrued and unpaid interest, if any, but not paid on the amount being Notes to be redeemed to, but excluding, to the Redemption Date. On Notwithstanding the foregoing, installments of interest on Notes that are due and payable on Interest Payment Dates falling on or after the Par Call Date, the Notes prior to a Redemption Date will be redeemable in whole at any time or in part from time payable on the Interest Payment Date to time, at the Company’s option, at a redemption price equal to 100% registered holders as of the principal amount close of business on the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption relevant Regular Record Date. The Company will calculate the redemption price.
(cb) If money sufficient to pay Unless the redemption price Company defaults in payment of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfiedPrice, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) portions thereof called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(d) If fewer less than all of the Notes are to be redeemed at any time, the Trustee will select the Notes for redemption on a pro rata basis. Notes in denominations of $2,000 or less may not be redeemed in part. Notes in denominations larger than $2,000 principal amount may be redeemed in part but only in whole multiples of $1,000. Notice of any redemption may, at the Company’s discretion, be subject to one or more than conditions precedent. A notice of redemption need not set forth the exact Redemption Price but only the manner of calculation thereof.
(c) The Applicable Premium shall be calculated by an independent investment banking institution of national standing appointed by the Company; provided, however, if the Company fails to make such appointment at least 45 days Business Days prior to the Redemption Date, or if the particular Notes institution so appointed is unwilling or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less unable to make such calculation, such calculation will be redeemed in partmade by an independent investment banking institution of national standing appointed by the Trustee.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Supplemental Indenture (Dell Inc)
Optional Redemption of the Notes. (a) At the Company’s optionany time on and after February 24, 2018 and prior to July 24, 2022, the Notes Company may be redeemed, in whole at any time redeem all or in a part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s optionNotes, at a redemption price Redemption Price (as calculated by the Company) equal to the greater of:
(i) 100% of the principal amount of the such Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due but for the redemption if the such Notes matured on the Par Call Date July 24, 2022 (exclusive of excluding accrued but unpaid interest accrued to to, but excluding, the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate as of such Redemption Date plus 25 20 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, ; plus accrued and unpaid interestinterest thereon, if any, to, but excluding, the Redemption Date. The , subject to the rights of Holders of record of such Notes on the Regular Record Date to receive interest due on the Interest Payment Date pursuant to Section 4.03(d).
(b) At any time on and after July 24, 2022, the Company will calculate may redeem the redemption priceNotes, in whole or in part at the price of 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date, subject to the rights of Holders of record of such Notes on the Regular Record Date to receive interest due on the Interest Payment Date pursuant to Section 4.03(d).
(c) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the a Redemption Date is deposited with the Trustee or Paying Agent falls on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstanding. If any Redemption Date a day that is not a Business Day, the Company will pay postpone the redemption price payment of the Redemption Price payable on such Redemption Date to the next succeeding Business Day, but the payment made on such Redemption Date will be treated as being made on the next Business Day without date that the payment was first due and the Holders will not be entitled to any further interest or other payment due payments with respect to the delaysuch postponement.
(d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: First Supplemental Indenture (E Trade Financial Corp)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Company may redeem the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s its option, on at least 10 but not more than 60 days’ prior notice, at a redemption price equal to the greater of:
of (i) 100% of the principal amount of the Notes to be redeemed; and
being redeemed and (ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if Remaining Scheduled Payments on the Notes matured being redeemed on the Par Call Date (exclusive of interest accrued to the Redemption Date)redemption date, discounted to the Redemption Date date of redemption, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) semiannual basis, at the Treasury Rate plus 25 45 basis points, plus, in each case, plus accrued and unpaid interest, if any, interest on the amount such Notes being redeemed to, but excludingnot including, the Redemption Dateredemption date. On or after the Par Call Date, the Notes will be redeemable in whole at Company may on any time one or in more occasions redeem all or a part from time to timeof the Notes, at the Company’s its option, at a redemption price equal to 100% of the principal amount of the Notes to be being redeemed, plus accrued and unpaid interest, if any, interest on such Notes being redeemed to, but excludingnot including, the Redemption Date. The Company will calculate the redemption pricedate.
(cb) If money sufficient to pay the an optional redemption price of date is on or after a Regular Record Date and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date related Interest Payment Date, any accrued and unpaid interest will be paid to the other conditions set forth Person in Article 11 whose name the Note is registered at the close of business on such Regular Record Date. In determining the redemption price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Unless the Company defaults in payment of the Base Indenture are satisfiedredemption price, then on and after the Redemption Dateredemption date, interest will cease to accrue on the Notes (or such portion thereof) portions of the Notes called for redemption and such those Notes will cease to be outstanding. If any Redemption Date is not a Business Day.
(c) The Trustee shall have no obligation to calculate or verify the calculation of the present values of the Remaining Scheduled Payments, the Company will pay the redemption price on the next Business Day without Treasury Rate or any interest or other payment due to the delayaspect of such calculations.
(d) If fewer less than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, Trustee will select the particular Notes or portions thereof for redemption from in compliance with the outstanding requirements of the Depository, or if the Notes are not previously called shall be selected held through a Depository or the Depository prescribes no method of selection, by lot, in accordance with the procedures of DTC Depository’s customary procedures, subject to adjustments so that no Note in an unauthorized denomination remains outstanding after such redemption or by lot. No Notes purchase; provided, however, that no Note of $1,000 or 2,000 in aggregate principal amount of less will shall be redeemed in part.
(e) In the case Notices of any redemption, the Security Registrar optional redemption will be sent by electronic submission (for Notes held in book-entry form) or first class mail at least 10 but not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 more than 60 days before the day redemption date to each Holder of sending Notes to be redeemed at its registered address, except that redemption notices may be sent more than 60 days prior to a redemption date if the notice is issued in connection with Article 4 of the relevant Base Indenture.
(f) If any Note is to be redeemed in part only, the notice of redemption and ending on that relates to that Note will state the close portion of business on the principal amount of that day of sending; or
(ii) if the Company has called the Notes that is to be redeemed. A new Note for redemption in whole or in part, except principal amount equal to the unredeemed portion of the original Note will be issued in the name of the Holder of the Note upon cancellation of the original Note if such Notes are held in physical form.
(g) The Company and its affiliates may at any Note being redeemed time and from time to time purchase Notes in partthe open market, by tender offer, negotiated transactions or otherwise.
Appears in 1 contract
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 10 days’ but no more than 45 60 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Maturity Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) as calculated by the Company equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due if discounted to the Redemption Date (assuming the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Maturity Date), discounted to the Redemption Date ) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 15 basis points, plus, in each case, less interest accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, to the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to ; and
(ii) 100% of the principal amount of the Notes to be redeemed; plus, plus in either case, accrued and unpaid interest, if anyinterest thereon, to, but excludingnot including, the Redemption Date. The Company will calculate the redemption priceRedemption Price.
(c) If money sufficient to pay the redemption price Redemption Price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstanding. If any Redemption Date is not a Business Day, the Company will pay the redemption price Redemption Price on the next Business Day without any interest or other payment due to the delay.
(d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 60 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 2,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 10 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
(f) The Company’s determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Company will notify the Trustee of the Redemption Price promptly after the calculation thereof and the Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price.
Appears in 1 contract
Samples: Nineteenth Supplemental Indenture (Hewlett Packard Enterprise Co)
Optional Redemption of the Notes. (a) At the Company’s optionSubject to Section 6.05, the provisions of Article Eleven of the Base Indenture, as supplemented by the provisions of this Second Supplemental Indenture, shall apply to the Notes.
(1) The Notes may shall be redeemed, in whole redeemable at any time or in part and from time to time, on at least 15 days’ but no more than 45 days’ time prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to timepart, at the Company’s option, at a redemption price Redemption Price equal to the greater of:
of (i) 100% of the aggregate principal amount of the such Notes to be redeemed; and
and (ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments Remaining Scheduled Payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at using a discount rate equal to the Treasury Rate plus 25 20 basis points, less interest accrued to the date of redemption, plus, in the case of each caseof clause (i) and (ii), accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date for such Notes (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date. On ).
(c) At any time on or after the Par Call Date, the Notes will shall be redeemable redeemable, in whole at any time or in part from time to timepart, at the Company’s optionelection, at a redemption price Redemption Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date for such Notes (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date. The Company will calculate the redemption price).
(cd) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on On and after the Redemption Date, interest will cease to accrue on the such Notes (or such any portion thereof) thereof called for redemption redemption, unless the Company defaults in the payment of the Redemption Price and such Notes will cease to be outstandingaccrued interest, if any. If any On or before the Redemption Date is not a Business DayDate, the Company will shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the redemption price Redemption Price to be redeemed on such Redemption Date, and (except if the next Business Day without any interest or other payment due to the delay.
(dRedemption Date shall be an Interest Payment Date) accrued interest, if any. If fewer less than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Dateredeemed, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called to be redeemed shall be selected in accordance with the procedures of DTC or by lot. No the Depositary; provided, however, that in no event shall Notes of a principal amount of $1,000 2,000 or less will be redeemed in part.
(e) In the case Notice of any redemption, the Security Registrar will redemption shall be electronically delivered or mailed at least 10 days but not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 more than 60 days before the day of sending Redemption Date to each Holder of the Notes to be redeemed. Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above in clause (b) or (c) of this Section 4.01, as applicable, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the relevant Redemption Date and at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.
(f) Any redemption or notice of any redemption may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of an equity offering or Change of Control, issuance of indebtedness or other transaction or event. Notice of any redemption in respect thereof shall be given prior to the completion thereof, may be partial as a result of only some of the conditions being satisfied, may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion) and ending on the close of business on that day of sending; or
(ii) may be rescinded at any time if the Company has called determines in its sole discretion that any or all of such conditions shall not be satisfied (or waived) by the Note for Redemption Date as stated in such notice, or by the Redemption Date as so delayed. The Company may provide in such notice that payment of the applicable Redemption Price and the performance of the Company’s obligations with respect to such redemption in whole or in part, except the unredeemed portion of any Note being redeemed in partmay be performed by another Person.
Appears in 1 contract
Samples: Second Supplemental Indenture (GE HealthCare Technologies Inc.)
Optional Redemption of the Notes. (a) At the Company’s optionany time on and after December 20, 2018 and prior to March 20, 2028, the Notes Company may be redeemed, in whole at any time redeem all or in a part from time to time, on at least 15 days’ but no more than 45 days’ prior written notice sent to the Holders of the Notes to be redeemed.
(b) Prior to the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s optionNotes, at a redemption price Redemption Price (as calculated by the Company) equal to the greater of:
(i) 100% of the principal amount of the such Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, sum of the present value values of the remaining scheduled payments of principal and interest thereon that would be due but for the redemption if the such Notes matured on the Par Call Date March 20, 2028 (exclusive of excluding accrued but unpaid interest accrued to to, but excluding, the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate as of such Redemption Date plus 25 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On or after the Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, ; plus accrued and unpaid interestinterest thereon, if any, to, but excluding, the Redemption Date. The , subject to the rights of Holders of record of such Notes on the Regular Record Date to receive interest due on the Interest Payment Date pursuant to Section 4.03(d).
(b) At any time on and after March 20, 2028, the Company will calculate may redeem the redemption priceNotes, in whole or in part at the price of 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date, subject to the rights of Holders of record of such Notes on the Regular Record Date to receive interest due on the Interest Payment Date pursuant to Section 4.03(d).
(c) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the a Redemption Date is deposited with the Trustee or Paying Agent falls on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstanding. If any Redemption Date a day that is not a Business Day, the Company will pay postpone the redemption price payment of the Redemption Price payable on such Redemption Date to the next succeeding Business Day, but the payment made on such Redemption Date will be treated as being made on the next Business Day without date that the payment was first due and the Holders will not be entitled to any further interest or other payment due payments with respect to the delaysuch postponement.
(d) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lot. No Notes of $1,000 or less will be redeemed in part.
(e) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending of the relevant notice of redemption and ending on the close of business on that day of sending; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Third Supplemental Indenture (E Trade Financial Corp)
Optional Redemption of the Notes. (a) At the Company’s option, the Notes may be redeemed, in whole at any time or in part from time to time, on at least 15 30 days’ but no more than 45 60 days’ prior written notice sent mailed to the registered Holders of the Notes to be redeemed.
(b) Prior If the Company elects to redeem the Notes before the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at pay a redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; and
(ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present value of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date Date, (exclusive of interest accrued to the Redemption Date), ) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 55 basis points, plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date. On .
(c) If the Company elects to redeem the Notes on or after the Par Call Date, the Notes Company will be redeemable in whole at any time or in part from time to time, at the Company’s option, at a redemption price pay an amount equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Company will calculate the redemption price.
(cd) If money sufficient to pay the redemption price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article 11 of the Base Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such portion thereof) called for redemption and such Notes will cease to be outstandingredemption. If any Redemption Date is not a Business Day, the Company will pay the redemption price on the next Business Day without any interest or other payment due to the delay.
(de) If fewer than all of the Notes are to be redeemed at any time, not more than 45 days prior to the Redemption Date, the particular Notes or portions thereof for redemption from the outstanding Notes not previously called shall be selected in accordance with the procedures of DTC or by lotlot or by such method as the Trustee deems fair and appropriate. No Notes of $1,000 or less will be redeemed in part.
(ef) In the case of any redemption, the Security Registrar will not be required to register the transfer or exchange of any Note:
(i) during a period beginning 15 days before the day of sending mailing of the relevant notice of redemption and ending on the close of business on that day of sendingmailing; or
(ii) if the Company has called the Note for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.
Appears in 1 contract
Samples: Seventh Supplemental Indenture (Hewlett Packard Enterprise Co)