Common use of Redemption in Part Clause in Contracts

Redemption in Part. (a) If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Depositary shall select the Notes to be redeemed in accordance with the Applicable Procedures. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Physical Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by a method that is similar to the Applicable Procedures the Depositary would have applied if the Notes to be redeemed had been Global Notes. If the Trustee selects a portion of any Note for partial redemption and the Holder of such Note converts a portion of the same Note, the converted portion of the Note will be deemed to be from the portion selected for redemption. (b) In the event of any redemption in part, the Company, the Trustee and the Registrar shall not be required to register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion thereof.

Appears in 2 contracts

Samples: Indenture (Cerence Inc.), Indenture (Slack Technologies, Inc.)

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Redemption in Part. (a) If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Depositary shall select the Notes to be redeemed in accordance with the Applicable Procedures. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Physical Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by a method that is similar to the Applicable Procedures the Depositary would have applied if the Notes to be redeemed had been Global NotesNotes and otherwise by such method as the Trustee shall deem appropriate. If the Trustee selects a portion of any Note for partial redemption and the Holder of such Note converts a portion of the same Note, the converted portion of the Note will be deemed to be from the portion selected for redemption. (b) In the event of any redemption in part, the Company, the Trustee and the Registrar shall not be required to register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion thereof.

Appears in 1 contract

Samples: Indenture (Model N, Inc.)

Redemption in Part. (a) If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Depositary shall select the Notes to be redeemed in accordance with the Applicable Procedures. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Physical Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by a method that is similar to the Applicable Procedures the Depositary would have applied if the Notes to be redeemed had been Global Notes, or by such other method as the Trustee shall deem fair and appropriate. If the Trustee selects a portion of any Note for partial redemption and the Holder of such Note converts a portion of the same Note, the converted portion of the Note will be deemed to be from the portion selected for redemption. (b) In the event of any redemption in part, the Company, the Trustee and the Registrar shall not be required to register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion thereof.

Appears in 1 contract

Samples: Indenture (Cerence Inc.)

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Redemption in Part. (a) If fewer than all of the outstanding Notes are to be redeemed, at least $75.0 million aggregate principal amount of Notes must be outstanding and not subject to redemption as of, and after giving effect to, delivery of the relevant Redemption Notice (such requirement, the “Partial Redemption Limitation”). If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Global Notes, the Depositary shall select the Notes to be redeemed in accordance with the Applicable Procedures. If fewer than all of the outstanding Notes are to be redeemed and the Notes to be redeemed are Physical Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $1,000 or multiples thereof) by a method that is similar to the Applicable Procedures the Depositary would have applied if the Notes to be redeemed had been Global NotesNotes and otherwise by such method as the Trustee shall deem appropriate. If the Trustee selects a portion of any Note for partial redemption and the Holder of such Note converts a portion of the same Note, the converted portion of the Note will be deemed to be from the portion selected for redemption. (b) In the event of any redemption in part, the Company, the Trustee and the Registrar shall not be required to register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion thereof.

Appears in 1 contract

Samples: Indenture (Model N, Inc.)

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