Common use of Pro-Rata Redemption Clause in Contracts

Pro-Rata Redemption. In the event that the Company is required to redeem the Notes pursuant to clauses (a) through (d) of this Section 5.2, and the proceeds required to be used to redeem the Notes are not sufficient to redeem all of the Notes then outstanding, the Company shall purchase from each Noteholder an aggregate principal amount of Notes equal to (1) the aggregate principal amount of Notes required to be redeemed pursuant to Section 5.2 hereof, multiplied by (2) the quotient of: (A) the aggregate principal amounts of Notes registered in the name of such Noteholder pursuant to Section 2.1 of the Notes, divided by (B) the aggregate principal amount of Notes then outstanding. For the avoidance of doubt, pursuant to Section 5.2(e) hereof, the Company shall also pay the accrued and unpaid interest to the redemption date on each of the redeemed Notes.

Pro-Rata Redemption. In the event that the Company is required to redeem the Notes pursuant to clauses (a) through (d) of this Section 5.2, and the proceeds required to be used to redeem the Notes are not sufficient to redeem all of the Notes then outstanding, the Company shall purchase repurchase from each Noteholder an aggregate principal amount of Notes equal to (1) the aggregate principal amount of Notes required to be redeemed pursuant to Section 5.2 hereof, multiplied by (2) the quotient of: (A) the aggregate principal amounts of Notes registered in the name of such Noteholder pursuant to Section 2.1 of the Notes, divided by (B) the aggregate principal amount of Notes then outstanding. For the avoidance of doubt, pursuant to Section 5.2(e) hereof, the Company shall also pay the accrued and unpaid interest to the redemption date on each of the redeemed Notes.