Common use of Optional Redemption Procedures Clause in Contracts

Optional Redemption Procedures. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Base 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 2 contracts

Samples: Seventh Supplemental Indenture (MDC Partners Inc), Third Supplemental Indenture (MDC Partners Inc)

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Optional Redemption Procedures. In the case of any partial redemption, selection of the Notes for redemption will be made in accordance with Article V of the Base 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 2 contracts

Samples: Indenture (MDC Partners Inc), First Supplemental Indenture (MDC Partners Inc)

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