Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 8 contracts
Samples: Indenture (Transamerica Capital Iii), Indenture (Marshall & Ilsley Corp/Wi/), Indenture (Summit Capital Trust I)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date Redemption Date or the Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date Redemption Date or the Special Redemption Date (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with unpaid interest accrued thereon to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with unpaid interest accrued thereon to the date fixed for redemptionRedemption Date or the Special Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 4 contracts
Samples: Indenture (Tib Financial Corp.), Indenture (Flagstar Bancorp Inc), Indenture (Service 1st Bancorp)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.3, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date Redemption Date or Special Redemption Date, as applicable, and at the place or places stated in such notice at the applicable redemption priceRedemption Price or Special Redemption Price, together with interest accrued to the date fixed for redemptionRedemption Date or Special Redemption Date, as applicable, and on and after said date (unless the Company shall default in the payment of such Debt Securities at the redemption priceRedemption Price or Special Redemption Price, as applicable, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption priceRedemption Price or Special Redemption Price, together with interest accrued thereon to the date fixed for redemptionRedemption Date or Special Redemption Date, as applicable. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 3 contracts
Samples: Indenture (Tib Financial Corp.), Indenture (First Community Bancorp /Ca/), Indenture (Home Bancshares Inc)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date related Optional Redemption Date or Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be), and on and after said date Optional Redemption Date or the Special Redemption Date (as the case may be) (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with unpaid interest accrued thereon to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 2 contracts
Samples: Indenture (Kingsway Financial Services Inc), Indenture (American Safety Insurance Group LTD)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0414.02, the Debt Securities or portions of Debt Securities of the any series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption priceRedemption Price, together with interest accrued to the date fixed for redemptionredemption (subject to the rights of Holders at the close of business on a regular record date in respect of an Interest Payment Date occurring on or prior to the redemption date), and on and after said date (unless the Company shall default in the payment of such Debt Securities at the redemption priceRedemption Price, together with interest accrued to said date) interest on the such Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.be
Appears in 2 contracts
Samples: Indenture (Suntrust Capital Ii), Indenture (Suntrust Capital Iv)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.043.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place Place or places Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities at the applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at a place the Place or Places of payment specified Payment in said noticenotice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. Upon presentation of any Any Debt Security of any series that is to be redeemed only in part only, shall be surrendered at the corporate trust office or such other office or agency of the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.as is specified pursuant to
Appears in 1 contract
Samples: Indenture (Swift Energy Co)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04above provided, the Debt Securities or portions of Debt Securities of the series with respect to which specified in such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company Issuer shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrueaccrue and, except as provided in Sections 6.05 and 10.04, such Debt Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Debt Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.to
Appears in 1 contract
Samples: Trust Indenture (Financial Security Assurance Holdings LTD/Ny/)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date Redemption Date or the Special Redemption Date, as the case may be, and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date Redemption Date or Special Redemption Date (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemptionRedemption Date or the Special Redemption Date, as the case may be. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.043.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place Place or places Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Company Issuers shall default in the payment of such Debt Securities at the applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at a place the Place or Places of payment specified Payment in said noticenotice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company Issuers at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. Upon presentation of any Any Debt Security of any series that is to be redeemed only in part onlyshall be surrendered at the corporate trust office or such other office or agency of the Issuers as is specified pursuant to Section 2.03, if the Issuers, the Company shall execute and Registrar or the Trustee shall authenticate and make available for delivery to the holder thereofso requires, at the expense of the Companydue endorsement by, or a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.written
Appears in 1 contract
Samples: Indenture (Eott Energy Canada Lp)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04herein provided, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities or portions thereof at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue, and such Debt Securities and portions of Debt Securities shall be deemed not to be Outstanding hereunder and shall not be entitled to any benefit under this Indenture except to receive payment of the redemption price, together with accrued interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at a the place of payment specified in said noticenotice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation ; provided, however, that any installments of any Debt Security of any series redeemed in part only, interest becoming due on the Company date fixed for redemption shall execute and the Trustee shall authenticate and make available for delivery be payable to the holder thereofHolders of such Debt Securities, at the expense of the Company, a new Debt Security or one or more previous Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed evidencing all or a portion of the same debt as that evidenced by such particular Debt Security so presentedSecurities, registered as such on the relevant record dates according to their terms and the provisions of Section 3.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0414.02, the Debt Securities or portions of Debt Securities of the any series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption priceRedemption Price, together with interest accrued to the date fixed for redemptionredemption (subject to the rights of Holders at the close of business on a regular record date in respect of an Interest Payment Date occurring on or prior to the redemption date), and on and after said date (unless the Company shall default in the payment of such Debt Securities at the redemption priceRedemption Price, together with interest accrued to said date) interest on the such Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption priceRedemption Price, together with interest accrued thereon to the date fixed for redemptionredemption (subject to the rights of Holders on the close of business on a regular record date in respect of an Interest Payment Date occurring on or prior to the redemption date). Upon presentation of any Debt Security of any a series redeemed in part only, the Company shall execute and the Debt Trustee shall authenticate and make available for delivery to the holder Holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presentedpresented that has not been redeemed.
Appears in 1 contract
Samples: Indenture (Suntrust Banks Inc)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 3.02 or Section 14.043.05, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities at the redemption priceor portions of such Debt Securities, together with any interest accrued to said date) any interest on the Debt Securities of such series or portions of Debt Securities of any such series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said noticenotice specified, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption; provided, however, that any installment of interest becoming due on or prior to the date fixed for redemption shall be payable to Holders of such Debt Securities registered as such on the relevant record date according to their terms. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute a new Debt Security or Debt Securities and the Trustee or the Authenticating Agent shall authenticate and make available for delivery deliver to the holder Holder thereof, at the expense of the Company, a such new Debt Security or Debt Securities of such series the same series, of authorized denominations, in an aggregate principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Samples: Indenture (McDonalds Corp)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04above provided, the Debt Securities or portions of Debt Securities of the series with respect to which specified in such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company Issuer shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrueaccrue and, except as provided in Sections 6.05 and 10.04, such Debt Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Debt Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation ; provided that any semiannual payment of any Debt Security of any series redeemed in part only, interest becoming due on the Company date fixed for redemption shall execute and the Trustee shall authenticate and make available for delivery be payable to the holder thereof, at the expense Holders of the Company, a new Debt Security or such Debt Securities of registered as such series of authorized denominations, in principal amount equal on the relevant record date subject to the unredeemed portion terms and provisions of the Debt Security so presented.Section 2.04
Appears in 1 contract
Samples: Subordinated Indenture (Financial Security Assurance Holdings LTD/Ny/)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date related Optional Redemption Date or Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be), and on and after said date Optional Redemption Date or the Special Redemption. Date (as the case may be) (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with unpaid interest accrued thereon to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.043.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place Place or places Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities at the applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at a place the Place or Places of payment specified Payment in said noticenotice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date related Optional Redemption Date or Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be), and on and after said date Optional Redemption Date or the Special Redemption Date (as the case may be) (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with unpaid interest accrued thereon to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption priceprice therefor, together with unpaid interest accrued thereon to said Optional Redemption Date or the date fixed for redemptionSpecial Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Indenture Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04herein provided, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Debt Securities or portions thereof at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue, and such Debt Securities and portions of Debt Securities shall be deemed not to be Outstanding hereunder and shall not be entitled to any benefit under this Indenture except to receive payment of the redemption price, together with accrued interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at a the place of payment specified in said noticenotice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.be
Appears in 1 contract
Samples: Indenture (Johnson Controls Inc)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.3, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date Redemption Date or the Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date Redemption Date or the Special Redemption Date (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemptionRedemption Date or the Special Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.04above provided, the Debt Securities or portions of Debt Securities of the series with respect to which specified in such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company Issuer shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrueaccrue and, except as provided in Sections 6.05 and 10.04, such Debt Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Debt Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Company Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption. Upon presentation ; provided that any semiannual payment of any Debt Security of any series redeemed in part only, interest becoming due on the Company date fixed for redemption shall execute and the Trustee shall authenticate and make available for delivery be payable to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities Holders of such series of authorized denominations, in principal amount equal to the unredeemed portion of the Debt Security so presented.Debt
Appears in 1 contract
Samples: Trust Indenture (Financial Security Assurance Holdings LTD/Ny/)
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 14.02 or Section 14.0410.03, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date Redemption Date or the Special Redemption Date (as the case may be) and at the place or places stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date Redemption Date or the Special Redemption Date (unless the Company shall default in the payment of such Debt Securities at the redemption price, together with interest accrued to said date) interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue. On presentation and surrender of such Debt Securities at a place of payment specified in said notice, the said such Debt Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemptionRedemption Date or the Special Redemption Date (as the case may be). Upon presentation of any Debt Security of any series redeemed in part only, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of such series of authorized denominations, denominations in principal amount equal to the unredeemed portion of the Debt Security so presented.
Appears in 1 contract