Common use of Optional Redemption Procedures Clause in Contracts

Optional Redemption Procedures. In the event that less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibited. No Notes of a principal amount of US$1,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 may be redeemed in part in multiples of US$1,000 only. Notice of any redemption will be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address. If Notes are to be redeemed in part only, the notice of redemption will state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock Exchange, the Company will cause notices of redemption also to be published as provided under Section 11.2. A new Note in a principal amount equal to the unredeemed portion thereof (if any) will be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made, as appropriate). The Company will pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 3 contracts

Samples: Indenture (Homex Development Corp.), Indenture (Beta Northeastern Building Corp.), Indenture (Real Estate Projects of Culiacan Corp.)

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Optional Redemption Procedures. In the event that less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will shall be made by the Trustee in compliance with the requirements governing redemptions of the principal national securities exchange, if any, on which Notes are listed or, or if such securities exchange has no requirement governing redemption or the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibitedappropriate. No Notes of a principal amount of US$1,000 U.S.$100,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 U.S.$100,000 may be redeemed in part in multiples of US$1,000 U.S.$1,000 only. Notice of any redemption will shall be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 days before the redemption date to each Holder Holders of Notes to be redeemed at its their respective registered addressaddresses. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock ExchangeExchange for trading on the Euro MTF Market, and the rules of such Exchange require, the Company will shall cause notices of redemption to also to be published as provided under Section 11.210.1 of the Indenture. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will shall pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 1 contract

Samples: Indenture (Alestra)

Optional Redemption Procedures. In the event that less If fewer than all of the Notes are being redeemed, the Notes to be redeemed at any time, selection shall be selected by lot by DTC in the case of Notes for redemption will be made represented by a Global Note or by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basisrata, by lot or by any other method as the Trustee shall deem it its sole discretion deems fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibitedappropriate. No Notes of a principal amount of US$1,000 U.S.$100,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 U.S.$100,000 may be redeemed in part in multiples of US$1,000 U.S.$1,000 only. Upon surrender of any Note redeemed in part, the holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered note. Once notice of redemption is sent to the holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and, commencing on the redemption date, Notes redeemed will cease to accrue interest. Notice of any redemption will shall be mailed by first-class mail, postage prepaid, at least 30 35 but not more than 60 days before the redemption date to each Holder Holders of Notes to be redeemed at its their respective registered addressaddresses. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock ExchangeExchange for trading on the Euro MTF Market, and the rules of such Exchange require, the Company will shall cause notices of redemption to also to be published as provided under Section 11.210.1 of the Indenture. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will shall pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 1 contract

Samples: Indenture (Arcos Dorados Holdings Inc.)

Optional Redemption Procedures. In the event that less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibited. No Notes of a principal amount of US$1,000 U.S.$2,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 U.S.$2,000 may be redeemed in part in multiples of US$1,000 U.S.$1,000 only. Notice of any redemption will be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 days before the redemption date Redemption Date to each Holder of Notes to be redeemed at its registered addressaddress (subject to the procedures of DTC); provided, however, that the Company shall give written notice of the redemption to the Trustee at least 10 days prior to the date on which such notice is to be given to the Holders, unless the Trustee consents to a shorter period. If Notes are to be redeemed in part only, the notice of redemption will state the portion of the outstanding principal amount thereof to be redeemed. For so long as the Notes are listed admitted to listing on Euro MTF, the alternative market Official List of the Luxembourg Stock ExchangeExchange and to trading on the EuroMTF, the Company will cause notices of redemption also to be published as provided under Section 11.211.1 of the Indenture. A new Note note in a principal amount equal to the unredeemed portion thereof (if any) will be issued in the name of the Holder thereof upon cancellation of the original Note note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made, as appropriate). The Company will pay the redemption price for any Note note together with accrued and unpaid interest thereon through up to but not including the date of redemptionredemption (subject to the rights of Holders of record on the relevant Record Date to receive installments of principal and interest due on the relevant Payment Date). On and after the redemption dateRedemption Date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. On or before the Redemption Date, the Company shall deposit with the trustee money sufficient to pay the redemption price of and (unless the redemption date shall be an interest payment date) accrued interest to the redemption date on the notes to be redeemed on such date. Upon redemption of any Notes by the Company, such redeemed Notes will be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after Notwithstanding the redemption dateprovisions of this “Optional Redemption” section, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with and its Subsidiaries may acquire Notes by means other than a redemption, including pursuant to a tender offer, open market purchases or otherwise, provided that at the Paying Agent funds in satisfaction time of such transaction the Notes are not “restricted securities” as defined under Rule 144 of the applicable redemption price pursuant to the IndentureSecurities Act of 1933, as amended.

Appears in 1 contract

Samples: sec.report

Optional Redemption Procedures. In the event that less If fewer than all of the Notes are being redeemed, the Notes to be redeemed at any time, selection shall be selected pro rata by DTC in the case of Notes for redemption will be made represented by a Global Note or by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibitedrata. No Notes of a principal amount of US$1,000 U.S.$150,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 U.S.$150,000 may be redeemed in part in multiples of US$1,000 U.S.$1,000 only. Once notice of redemption is sent to the holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and, commencing on the redemption date, Notes redeemed will cease to accrue interest if the redemption price is paid in full. Notice of any redemption will shall be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 90 days before the redemption date to each Holder Holders of Notes to be redeemed at its their respective registered addressaddresses. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock ExchangeExchange for trading on the Euro MTF Market, and the rules of such exchange require, the Company will Bank shall cause notices of redemption to also to be published as provided under Section 11.210.1 of the Indenture. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will Bank shall pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company Bank has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the CompanyBank, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 1 contract

Samples: Indenture (Grupo Financiero Galicia Sa)

Optional Redemption Procedures. In the event that less If fewer than all of the Notes are being redeemed, the Notes to be redeemed at any timeshall be selected as follows: (1) if the Notes are listed on an exchange, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities such exchange, if any, on which Notes are listed or, (2) if the Notes are not so listed but are Global Notes, then by lot or otherwise in accordance with the procedures of DTC or the applicable depositary or (3) if the Notes are not so listed on a national securities exchangeand are not in global form, on a pro rata basisbasis to the extent practicable, or, if the pro rata basis is not practicable for any reason, by lot or by any such other method as the Trustee in its sole discretion shall deem fair and appropriate (subject appropriate. In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the procedures of DTC)redemption date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. If a partial redemption is made with The Trustee shall promptly notify the proceeds of an Equity Offering, selection Company in writing of the Notes or portions thereof selected for redemption willor purchase. Notes and portions of Notes selected shall be in amounts of $100,000 and integral multiples of $1,000 in excess thereof; no Notes of $100,000 or less shall be redeemed in part, subject except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not $100,000 or a multiple of $1,000 in excess thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, be made by provisions of the Trustee only on a pro rata basis Indenture that apply to Notes called for redemption or on as nearly a pro rata basis as is practicable (subject purchase also apply to portions of Notes called for redemption or purchase. After the procedures of DTC)redemption date, unless the method is otherwise prohibited. No Notes upon surrender of a principal amount of US$1,000 or less may Note to be redeemed in part and only, a new Note or Notes of a in principal amount equal to the unredeemed portion of the original Note, representing the same Indebtedness to the extent not redeemed, shall be issued in excess the name of US$1,000 may the Holder of the Notes upon cancellation of the original Note (or appropriate book entries shall be made to reflect such partial redemption). Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and, commencing on the redemption date, Notes redeemed will cease to accrue interest (unless the company defaults in part in multiples the payment of US$1,000 onlythe redemption price). Notice of any redemption will shall be mailed by first-class mail, postage prepaid, sent in the manner provided for in Section 11.1 of the Indenture at least 30 but not more than 60 days before the redemption date to each Holder Holders of Notes to be redeemed at its registered addressredeemed. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock Exchange, the Company will cause notices of redemption also to be published as provided under Section 11.2. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will shall pay the redemption price for any Note together with accrued and unpaid interest thereon through but not including the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will cancelled and cannot be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenturereissued.

Appears in 1 contract

Samples: Indenture (Arcos Dorados Holdings Inc.)

Optional Redemption Procedures. In the event that less If fewer than all of the Notes are being redeemed, the Notes to be redeemed at any timeshall be selected as follows: (1) if the Notes are listed on an exchange, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities such exchange, if any, on which Notes are listed or, (2) if the Notes are not so listed but are Global Notes, then by lot or otherwise in accordance with the procedures of DTC or the applicable depositary or (3) if the Notes are not so listed on a national securities exchangeand are not in global form, on a pro rata basisbasis to the extent practicable, or, if the pro rata basis is not practicable for any reason, by lot or by any such other method as the Trustee in its sole discretion shall deem fair and appropriate (subject appropriate. In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the procedures of DTC)redemption date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. If a partial redemption is made with The Trustee shall promptly notify the proceeds of an Equity Offering, selection Company in writing of the Notes or portions thereof selected for redemption willor purchase. Notes and portions of Notes selected shall be in amounts of U.S.$100,000 and integral multiples of U.S.$1,000 in excess thereof; no Notes of U.S.$100,000 or less shall be redeemed in part, subject except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not U.S.$100,000 or a multiple of U.S.$1,000 in excess thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, be made by provisions of the Trustee only on a pro rata basis Indenture that apply to Notes called for redemption or on as nearly a pro rata basis as is practicable (subject purchase also apply to portions of Notes called for redemption or purchase. After the procedures of DTC)redemption date, unless the method is otherwise prohibited. No Notes upon surrender of a principal amount of US$1,000 or less may Note to be redeemed in part and only, a new Note or Notes of a in principal amount equal to the unredeemed portion of the original Note, representing the same Indebtedness to the extent not redeemed, shall be issued in excess the name of US$1,000 may the Holder of the Notes upon cancellation of the original Note (or appropriate book entries shall be made to reflect such partial redemption). Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and, commencing on the redemption date, Notes redeemed will cease to accrue interest (unless the company defaults in part in multiples the payment of US$1,000 onlythe redemption price). Notice of any redemption will shall be mailed by first-class mail, postage prepaid, sent in the manner provided for in Section 11.1 of the Indenture at least 30 but not more than 60 days before the redemption date to each Holder Holders of Notes to be redeemed at its registered addressredeemed. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock Exchange, the Company will cause notices of redemption also to be published as provided under Section 11.2. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will shall pay the redemption price for any Note together with accrued and unpaid interest thereon through but not including the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will cancelled and cannot be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenturereissued.

Appears in 1 contract

Samples: Indenture (Arcos Dorados Holdings Inc.)

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Optional Redemption Procedures. In the event that less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibited. No Notes of a principal amount of US$1,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 may be redeemed in part in multiples of US$1,000 only. Notice of any redemption will shall be mailed by first-class mail, postage prepaid, given at least 30 ten (10) but not more than 60 sixty (60) days before the redemption date Redemption Date to each Holder Holders of Notes to be redeemed at its registered address. If Notes are to be redeemed in part only, the notice of redemption will state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock Exchange, the Company will cause notices of redemption also to be published as provided under Section 11.2. A new Note in a principal amount equal to the unredeemed portion thereof (if any) will be issued in the name 10.1 of the Holder thereof upon cancellation of Indenture. Notes called for redemption will become due on the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made, as appropriate)Redemption Date. The Company will pay the redemption price for any Note the Notes together with accrued and unpaid interest thereon through to, but excluding, the date Redemption Date (subject to the rights of redemptionthe relevant Holders as of the Record Date to receive payments of interest on the related Interest Payment Date). On and after the redemption dateRedemption Date, interest will cease to accrue on the Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price together with accrued and unpaid interest thereon pursuant to the Indenture. Upon redemption of any the Notes by the Company, such the redeemed Notes will be cancelledcancelled and cannot be reissued. In the case of any partial redemption, selection If fewer than all of the Notes are being redeemed, the Notes to be redeemed shall be selected as follows: (1) if the Notes are listed on an exchange, in compliance with the requirements of such exchange or (2) on a pro rata basis to the extent practicable, or, if the pro rata basis is not practicable for any reason, by lot or by such other method as most nearly approximates a pro rata basis, in each case as long as the Notes are in global form, subject to the Depositary’s customary procedures (in integral multiples of U.S.$1,000; provided that the remaining principal amount of such Holder’s Note will not be less than U.S.$200,000). Upon surrender of any Note redeemed in part, the Holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered Note. Once notice of redemption is sent to the Holders, Notes called for redemption will be made in accordance with Article V of the Indenture. On become due and after payable at the redemption dateprice on the Redemption Date, interest and, commencing on the Redemption Date, Notes redeemed will cease to accrue on Notes or portions thereof called for redemption as long as interest (unless the Company has deposited with defaults in the Paying Agent funds in satisfaction payment of the applicable redemption price pursuant price). In addition to the IndentureCompany’s right to redeem the Notes as set forth above, the Company may purchase the Notes in open-market transactions, tender offers or otherwise at any price, in compliance with applicable securities laws. Any Note so purchased by the Company may be surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Intercorp Financial Services Inc.)

Optional Redemption Procedures. In the event that less If fewer than all of the Notes are being redeemed, the Notes to be redeemed at any time, selection shall be selected pro rata by DTC in the case of Notes for redemption will be made represented by a Global Note or by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibitedrata. No Notes of a principal amount of US$1,000 U.S.$2,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 U.S.$2,000 may be redeemed in part in multiples of US$1,000 U.S.$1,000 only. Once notice of redemption is sent to the holders, Notes called for redemption become due and payable at the redemption price on the redemption date, and, commencing on the redemption date, Notes redeemed will cease to accrue interest if the redemption price is paid in full. Notice of any redemption will shall be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 90 days before the redemption date to each Holder Holders of Notes to be redeemed at its their respective registered addressaddresses. If Notes are to be redeemed in part only, the notice of redemption will shall state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock ExchangeExchange for trading on the Euro MTF Market, and the rules of such Exchange require, the Company will shall cause notices of redemption to also to be published as provided under Section 11.210.1 of the Indenture. A new Note in a principal amount equal to the unredeemed portion thereof (thereof, if any) will , shall be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will shall be made, as appropriate). Notes called for redemption shall become due on the date fixed for redemption. The Company will shall pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will shall cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will shall be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 1 contract

Samples: Grupo Financiero Galicia Sa

Optional Redemption Procedures. In the event that less than all of the Notes are to be redeemed at any time, selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which Notes are listed or, if the Notes are not then listed on a national securities exchange, on a pro rata basis, by lot or by any other method as the Trustee shall deem fair and appropriate (subject to the procedures of DTC). If a partial redemption is made with the proceeds of an Equity Offering, selection of the Notes or portions thereof for redemption will, subject to the preceding sentence, be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of DTC), unless the method is otherwise prohibited. No Notes of a principal amount of US$1,000 or less may be redeemed in part and Notes of a principal amount in excess of US$1,000 may be redeemed in part in multiples of US$1,000 only. Notice of any redemption will be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at its registered address. If Notes are to be redeemed in part only, the notice of redemption will state the portion of the principal amount thereof to be redeemed. For so long as the Notes are listed on Euro MTF, the alternative market of the Luxembourg Stock Exchange, the Company will cause notices of redemption also to be published as provided under Section 11.211.1. A new Note in a principal amount equal to the unredeemed portion thereof (if any) will be issued in the name of the Holder thereof upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interests in a Global Note will be made, as appropriate). The Company will pay the redemption price for any Note together with accrued and unpaid interest thereon through the date of redemption. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture. Upon redemption of any Notes by the Company, such redeemed Notes will be cancelled. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Indenture. On and after the redemption date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.

Appears in 1 contract

Samples: Homex Development Corp.

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