Common use of Payment of Notes Called for Redemption by the Company Clause in Contracts

Payment of Notes Called for Redemption by the Company. If notice of redemption has been given as provided in Section 4.2, the Notes or portion of Notes with respect to which such notice has been given shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Company defaults in the payment of the Redemption Price, (i) interest will cease to accrue on any Notes called for redemption at the Redemption Date, (ii) on and after the Redemption Date (unless the Company defaults in the payment of the Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture and (iii) the Holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On presentation and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excluding, the Redemption Date.

Appears in 1 contract

Samples: First Supplemental Indenture (Spirit Realty Capital, Inc.)

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Payment of Notes Called for Redemption by the Company. If notice of redemption a Redemption Notice has been given as provided in Section 4.23.03, the Notes or portion of Notes with respect to which such notice Redemption Notice has been given (and not revoked in accordance with Section 3.03(d)) shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Priceapplicable redemption price, and on and after said date (unless the Company defaults shall default in the payment of such Notes at the Redemption Price, (iapplicable redemption price) interest will Interest on the Notes or portion of Notes so called for redemption shall cease to accrue on any Notes called for redemption at and, except as provided in Section 13.04, the Redemption Date, (ii) on and after the Redemption Date (unless the Company defaults in the payment Holders of the Redemption Price) such Notes shall cease to not be entitled to any benefit or security under the Indenture this Indenture, and (iii) the Holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price applicable redemption price thereof. On presentation and surrender of such Notes at a place of payment specified in said notice specifiedthe Redemption Notice, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excludingapplicable redemption price. Upon presentation and surrender of any Note redeemed in part only, the Redemption DateCompany shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented and surrendered.

Appears in 1 contract

Samples: Indenture (Dynegy Inc /Il/)

Payment of Notes Called for Redemption by the Company. If notice of redemption has been given as provided in Section 4.23.02, the Notes or portion of Notes with respect to which such notice has been given shall shall, unless converted pursuant to the terms hereof, become due and payable on the Redemption Date date fixed for redemption and at the place or places stated in such notice at the applicable Redemption Price, and after the close of business on the Business Day immediately preceding the redemption date (unless the Company defaults shall default in the payment of the Redemption Price, (i) interest will cease to accrue on any such Notes called for redemption at the Redemption Date, (ii) on and after the Redemption Date (unless the Company defaults in the payment of the Redemption Price) such Notes shall cease to be convertible and, except as provided in Section 8.05 and Section 13.04, to be entitled to any benefit or security under this Indenture, and the Indenture and (iii) the Holders holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On presentation and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Price, together with interest accrued thereon to, but excluding. Upon presentation of any Note redeemed in part only, the Redemption DateCompany shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented. If any Note called for redemption shall not be so paid upon surrender thereof for redemption, such Note shall remain convertible until the principal shall have been paid or duly provided for.

Appears in 1 contract

Samples: Indenture (On Semiconductor Corp)

Payment of Notes Called for Redemption by the Company. If notice of redemption has been given as provided in Section 4.23.02, the Notes or portion of Notes with respect to which such notice has been given shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Company defaults shall default in the payment of the Redemption Priceamounts owing on the Notes upon such redemption, (i) interest will on the Notes or portion of Notes so called for redemption shall cease to accrue on any Notes called for redemption at the Redemption Date, (ii) on and after such date and the Redemption Date (unless the Company defaults in the payment of the Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture this Supplemental Indenture, and (iii) the Holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On presentation and surrender of such Notes at a place Place of payment Payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excluding. Upon presentation of any Note redeemed in part only, the Redemption DateCompany shall execute and the Authenticating Agent, upon receipt of a Company Request, shall authenticate and make available for delivery to the Holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented.

Appears in 1 contract

Samples: First Supplemental Indenture (Mfa Financial, Inc.)

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Payment of Notes Called for Redemption by the Company. If notice of redemption has been given as provided in Section 4.23.02, the Notes or portion of Notes with respect to which such notice has been given shall shall, unless converted into Common Stock pursuant to the terms hereof, become due and payable on the Redemption Date date fixed for redemption and at the place or places stated in such notice at the Redemption Priceapplicable redemption price, and after the close of business on the Business Day immediately preceding the redemption date (unless the Company defaults shall default in the payment of the Redemption Price, (i) interest will cease to accrue on any such Notes called for redemption at the Redemption Date, (ii) on and after the Redemption Date (unless the Company defaults in the payment of the Redemption Priceredemption price) such Notes shall cease to be convertible into Common Stock and, except as provided in Section 8.05 and Section 13.04, to be entitled to any benefit or security under this Indenture, and the Indenture and (iii) the Holders holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price redemption price thereof. On presentation and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excludingapplicable redemption price. Upon presentation of any Note redeemed in part only, the Redemption DateCompany shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented. If any Note called for redemption shall not be so paid upon surrender thereof for redemption, such Note shall remain convertible into Common Stock until the principal shall have been paid or duly provided for.

Appears in 1 contract

Samples: Indenture (On Semiconductor Corp)

Payment of Notes Called for Redemption by the Company. (1) If notice of redemption has been given as provided in Section 4.2Article 3 of the Base Indenture, the Notes or portion of Notes with respect to which such notice has been given shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Priceredemption price, and unless the Company defaults shall default in the payment of such Notes at the redemption price, so long as the Paying Agent holds funds sufficient to pay the redemption price of the Notes to be redeemed on the Redemption PriceDate, then (ia) interest such Notes will cease to accrue be outstanding on any Notes called for redemption at and after the Redemption Date, (iib) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date (unless the Company defaults in the payment of the Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture Date, and (iiic) the Holders thereof of the Notes shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On presentation and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excluding, the Redemption Date. (2) The Notes will not be convertible or exchangeable for any other security or property.

Appears in 1 contract

Samples: Second Supplemental Indenture (Pilgrims Pride Corp)

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