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

Payment of Notes Called for Redemption by the Company. (a) 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 6 contracts

Samples: Supplemental Indenture (Spirit Realty Capital, Inc.), Seventh Supplemental Indenture (Spirit Realty Capital, Inc.), Supplemental Indenture (Spirit Realty, L.P.)

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Payment of Notes Called for Redemption by the Company. (a) 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 shall default in the payment of such Notes at the Redemption Price, (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 and after the Redemption DateDate and, (ii) on and after the Redemption Date (unless the Company defaults shall default in the payment of the Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture 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 4 contracts

Samples: Digital Realty (Digital Realty Trust, L.P.), Digital Realty Trust, L.P., Digital Realty Trust, L.P.

Payment of Notes Called for Redemption by the Company. (a) 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.. (b) Upon presentation of any Note 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 Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented. ARTICLE V GUARANTEE Section 5.1

Appears in 1 contract

Samples: Spirit Realty Capital, Inc.

Payment of Notes Called for Redemption by the Company. (a) 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. (a) 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)

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Payment of Notes Called for Redemption by the Company. (ae) 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.)

Payment of Notes Called for Redemption by the Company. (a) If notice of redemption has been given as provided in Section 4.2, the Notes or portion of Notes of a Series 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 such Notes at the Redemption Price, (i) interest will on the Notes or portion of Notes of a Series so called for redemption shall cease to accrue on any Notes called for redemption at and after the Redemption DateDate and, (ii) on and after the Redemption Date (unless the Company defaults shall default in the payment of the Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture 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: Digital Realty Trust, L.P.

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