Common use of Redemption and Repurchase; Discharge Prior to Redemption or Maturity Clause in Contracts

Redemption and Repurchase; Discharge Prior to Redemption or Maturity. The Note are subject to optional redemption pursuant to Sections 3.01 and 3.02 of the Indenture, and may be the subject Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale, in each case, as further described in the Indenture. Payments of accrued interest in the event of a Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale shall be made in cash. The Notes are subject to a mandatory redemption pursuant to Section 3.03 of the Indenture. Other than with respect to Section 3.03 of the Indenture, the Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. If the Company deposits with the Trustee money in U.S. dollars or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of the Company’s obligations under certain provisions of the Indenture.

Appears in 4 contracts

Samples: Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD)

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Redemption and Repurchase; Discharge Prior to Redemption or Maturity. The Note are subject to optional redemption pursuant to Sections 3.01 and 3.02 of the Indenture, and may be the subject to Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale, in each case, as further described in the Indenture. Payments of accrued interest in the event of a Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale shall be made in cash. The Notes are subject to a mandatory redemption pursuant to Section 3.03 of the Indenture. Other than with respect to Section 3.03 of the Indenture, the Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. If the Company deposits with the Trustee money in U.S. dollars or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of the Company’s obligations under certain provisions of the Indenture.

Appears in 3 contracts

Samples: Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD)

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Redemption and Repurchase; Discharge Prior to Redemption or Maturity. The Note Notes are subject to optional redemption pursuant to Sections 3.01 and 3.02 of the Indenture, and may be the subject to Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale, in each case, as further described in the Indenture. Payments of accrued interest in the event of a Change of Control Offer or an Offer to Purchase with the Excess Proceeds from any Asset Sale shall be made in cash. The Notes are subject to a mandatory redemption pursuant to Section 3.03 of the Indenture. Other than with respect to Section 3.03 of the Indenture, the Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. If the Company deposits with the Trustee money in U.S. dollars or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of the Company’s obligations under certain provisions of the Indenture.

Appears in 2 contracts

Samples: Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD)

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