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

Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base Indenture, the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the deposit, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On surrender of such Notes at the place of payment specified in such notice of redemption, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership at the Redemption Price. (2) The Notes will not be convertible or exchangeable for any other security or property.

Appears in 4 contracts

Samples: Eighth Supplemental Indenture (American Homes 4 Rent, L.P.), Seventh Supplemental Indenture (American Homes 4 Rent, L.P.), Fourth Supplemental Indenture (American Homes 4 Rent, L.P.)

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Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base Indenture, the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of such Notes at the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the depositRedemption Date, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed 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 the a place of payment specified in such said notice of redemptionspecified, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership 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 3 contracts

Samples: Supplemental Indenture (Brixmor Operating Partnership LP), Tenth Supplemental Indenture (Brixmor Operating Partnership LP), First Supplemental Indenture (Brixmor Operating Partnership LP)

Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base IndentureIndenture and Section 1.4(d)(3) hereof, the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the deposit, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On surrender of such Notes at the place of payment specified in such notice of redemption, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership at the Redemption Price. (2) The Notes will not be convertible or exchangeable for any other security or property.

Appears in 2 contracts

Samples: Fifth Supplemental Indenture (American Homes 4 Rent, L.P.), Supplemental Indenture (American Homes 4 Rent, L.P.)

Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base IndentureSection 1.4(g), the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of such Notes at the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be being redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the depositRedemption Date, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed 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 the a place of payment specified in such said notice of redemptionspecified, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership at the Redemption PricePrice due on the Redemption Date. (2) The Notes will not be convertible or exchangeable for any other security or property.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Kite Realty Group Trust), First Supplemental Indenture (Kite Realty Group, L.P.)

Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base Indenture, the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the deposit, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On surrender of such Notes at the place of payment specified in such notice of redemption, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership 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: First Supplemental Indenture (American Homes 4 Rent, L.P.)

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Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base IndentureSection 1.4(g), the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of such Notes at the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be being redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the depositRedemption Date, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed 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 the a place of payment specified in such said notice of redemptionspecified, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership at the Redemption PricePrice due on the Redemption Date. (2) The Notes will not be convertible into or exchangeable for any other security or propertyproperty of the Operating Partnership or the Company.

Appears in 1 contract

Samples: Third Supplemental Indenture (Kite Realty Group, L.P.)

Payment of Notes Called for Redemption by the Operating Partnership. (1) If notice of redemption has been given as provided in Article Eleven of the Base Indenture, the Notes or portion of Notes with respect to which such notice has been given shall become irrevocably due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Operating Partnership shall default in the payment of such Notes at the Redemption Price, so long as the Paying Agent holds funds irrevocably deposited with it sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be Outstanding on and after the date of the depositRedemption Date, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, and (c) the Holders of the Notes being redeemed shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On surrender of such Notes at the place of payment specified in such notice of redemption, the said Notes or the specified portions thereof shall be paid and redeemed by the Operating Partnership at the Redemption Price. (2) The Notes will not be convertible or exchangeable for any other security or property.

Appears in 1 contract

Samples: Ninth Supplemental Indenture (Brixmor Operating Partnership LP)

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