Common use of Procedure for Payment upon Redemption Clause in Contracts

Procedure for Payment upon Redemption. If notice of redemption has been given in the manner set forth in Section 9.5, the Notes to be redeemed will become due and payable on the redemption date specified in such notice, and upon presentation and surrender of the Notes at the place or places specified in such notice, the Notes will be paid and redeemed by the Company at the places and in the manner therein specified and at the redemption price therein specified together with accrued interest and Additional Amounts, if any, to the redemption date. From and after the redemption date, if monies for the redemption of Notes called for redemption will have been made available at the Corporate Trust Office of the Trustee for redemption on the redemption date, the Notes called for redemption will cease to bear interest, and the only right of the Holders of such Notes will be to receive payment of the redemption price together with accrued interest and Additional Amounts, if any, to the redemption date as aforesaid.

Procedure for Payment upon Redemption. If notice of redemption has been given in the manner set forth in Section 9.5herein, the Notes to be redeemed will shall become due and payable on the redemption date Optional Redemption Date specified in such notice, notice and upon presentation and surrender of the Notes at the place or places specified in such notice, the Notes will shall be paid and redeemed by the Company Issuer at the places and in the manner and currency therein specified and at the redemption price therein specified together with any accrued interest and Additional Amountsto, if anybut excluding, to the redemption dateOptional Redemption Date. From and after the redemption dateOptional Redemption Date, if monies for the redemption of Notes called for redemption will shall have been made available at the Corporate Trust Specified Office of the Trustee for redemption on the redemption dateOptional Redemption Date, the Notes called for redemption will shall cease to bear interest, and the only right of the Holders of such Notes will shall be to receive payment of the redemption price together with any accrued interest and Additional Amountsto, if anybut excluding, to the Optional Redemption Date as aforesaid. Notwithstanding any other provisions contained herein, any Affiliate of the Issuer may deliver a notice of redemption in the manner set forth herein and/or pay the redemption date as aforesaidprice in connection with any redemption of the Notes.