Redemption; Notice to Trustee. (a) The Company may redeem the Debentures of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.1.
(b) If any or all of the Debentures are to be redeemed pursuant to this Section, the Company shall deliver to the Trustee no more than 60 and no less than 45 days prior to the Redemption Date a Company Order specifying the series and principal amount of Debentures to be redeemed and the Redemption Date, Redemption Price and any of the other information to be provided pursuant to Section 3.3 for such Debentures. Such Company Order shall be accompanied by a Board Resolution authorizing such redemption. If the Debentures of a series are held by a Trust, the Company shall also deliver a copy of such Company Order to the property trustee for such Trust (the "Property Trustee").
Redemption; Notice to Trustee. 21 SECTION 3.2. Selection of Debentures to Be Redeemed.................................... 22 SECTION 3.3.
Redemption; Notice to Trustee. (a) At any time on or after March 27, 2002, at the option of the Company, the Series 1997 Debentures shall be redeemable in whole or in part. Notwithstanding the foregoing, if a Special Event (as defined in the HECO Junior Indenture) shall occur and be continuing, then, if HECO opts to redeem the HECO Series 1997 Debentures pursuant to the HECO Junior Indenture, the Series 1997 Debentures shall be redeemable in whole (but not in part), on the same terms and at the same time as the HECO Series 1997 Debentures. In the case of any redemption, the Series 1997 Debentures shall be redeemable at 100% of the principal amount thereof plus accrued and unpaid interest to the Redemption Date. The Series 1997 Debentures shall not be subject to any sinking fund. Series 1997 Debentures in denominations larger than $25 may be redeemed in part but only in integral multiples of $25.
(b) The redemption terms for any additional series of Debentures shall be as specified in an indenture supplemental hereto or in an Officer's Certificate authorized by a Board Resolution creating such series of Debentures.
(c) If any or all of the Debentures are to be redeemed pursuant to Section 3.01 (a) or (b) hereof, the Company shall deliver to the Trustee at least 45 days prior to the Redemption Date a Company Order specifying the series and principal amount of Debentures to be redeemed and the Redemption Date and Redemption Price for such Debentures. Such Company Order shall be accompanied by a Board Resolution authorizing such redemption. If the Debentures of a series are held by a Trust, the Company shall also deliver a copy of such Company Order to the Property Trustee for such Trust.
Redemption; Notice to Trustee. (a) The Series B Debentures are subject to redemption prior to maturity as provided in the form thereof attached hereto as Exhibit A.
(b) If any or all of the Series B Debentures are to be redeemed pursuant to paragraph (a) above, in addition to the notices required by the Original Indenture, the Company shall give notice by first class mail, postage prepaid, to the Trustee at least 40 days prior to the date of such redemption. Any such notice of redemption shall state the date and price of redemption.
Redemption; Notice to Trustee. (a) The Series A Debentures are subject to redemption prior to maturity as provided therein.
(b) The redemption terms for any additional series of Debentures shall be as specified in the supplemental indenture creating such series of Debentures.
(c) If any or all of the Debentures are to be redeemed pursuant to Section 3.01 (a) or (b) hereof, the Company shall deliver to the Trustee at least 45 days prior to the Redemption Date a Company Order specifying the series and principal amount of Debentures to be redeemed and the Redemption Date and Redemption Price for such Debentures. Such Company Order shall be accompanied by a Board Resolution authorizing such redemption. If the Debentures of a series are held by a Trust, the Company shall also deliver a copy of such Company Order to the Property Trustee for such Trust.
Redemption; Notice to Trustee. (a) The Series __ Debentures are subject to redemption prior to maturity as provided therein.
(b) Any redemption of the Series __ Debentures shall be made in the manner, upon the terms and with the effect, all as provided in Sections 3.01(c), 3.02, 3.03, 3.04, 3.05 and 3.06 of the Indenture.
Redemption; Notice to Trustee. (a) At the option of the Company, the Series 1997 Debentures shall be redeemable prior to maturity (i) at any time on or after March 27, 2002, in whole or in part, and (ii) if a Special Event shall occur and be continuing, in whole (but not in part), in each case at 100% of the principal amount thereof plus accrued and unpaid interest to the Redemption Date. The Series 1997 Debentures shall not be subject to any sinking fund. Series 1997 Debentures in denominations larger than $25 may be redeemed in part but only in integral multiples of $25. A "Special Event" shall mean either a "Tax Event" or an "Investment Company Event." A "Tax Event" shall mean that the Company or Trust I shall have received an opinion of counsel (which may be regular counsel to the Company or an Affiliate, but not an employee thereof and which must be acceptable to Property Trustee I), rendered by a law firm having a recognized federal and state tax and securities practice, to the effect that, as a result of a Tax Action there is more than an insubstantial risk that (i) Trust I is, or will be within 90 days of the date of said opinion, subject to United States federal income tax with respect to income received or accrued on the Series 1997 Debentures, (ii) interest payable by the Company to Trust I on the Series 1997 Debentures or by MECO or HELCO to Trust I on its Subsidiary Debentures is not, or within 90 days of the date of said opinion will not be, deductible by such company, in whole or in part, for United States federal income tax purposes or (iii) Trust I is, or will be within 90 days of the date of said opinion, subject to more than a de minimis amount of other taxes, duties, or other governmental charges. A "Tax Action" includes (i) any amendment to or change (including any announced prospective change) in the laws (or any regulations thereunder) of the United States, or of any State or the District of Columbia, or of any political subdivision or taxing authority thereof or therein, (ii) any administrative pronouncement or action that represents an official position (including a clarification of an official position) of the governmental authority or regulatory body making such administrative pronouncement or taking such action or (iii) any judicial decision interpreting, clarifying or applying such laws or regulations, in each such case that occurs or becomes effective on or after the date of original issuance of the Trust I Preferred Securities. An "Investment Company Event...
Redemption; Notice to Trustee. If the Company elects to redeem Securities as provided in Section 3.1, 3.8 or 5.3, it shall notify the Trustee of the redemption date, the principal amount of Securities and all other information needed for the notice to be given by the Trustee pursuant to Section 3.4. The Company shall give the notice provided for in this Section at least ten (10) days (unless a shorter notice shall be satisfactory to the Trustee) prior to the date the Trustee must give notice pursuant to Section 3.4.
Redemption; Notice to Trustee. (a) The Company may redeem the Debentures of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01.
(b) If any or all of the Debentures are to be redeemed pursuant to this Section, the Company shall deliver to the Trustee no more than 60 and no less than 45 days prior to the Redemption Date a Company Order specifying the series and principal amount of Debentures to be redeemed and the Redemption Date and Redemption Price for such Debentures. Such Company Order shall be accompanied by a Board Resolution authorizing such redemption. If the Debentures of a series are held by a Trust, the Company shall also deliver a copy of such Company Order to the property trustee for such Trust (the "Property Trustee").
Redemption; Notice to Trustee. (a) The Series D Subordinated Debt Securities are subject to redemption prior to maturity as provided in the form thereof attached hereto as Exhibit A.
(b) If any or all of the Series D Subordinated Debt Securities are to be redeemed pursuant to paragraph (a) above, in addition to the notices required by the Original Indenture, the Company shall give notice by first class mail, postage prepaid, to the Trustee at least 40 days prior to the date of such redemption. Any such notice of redemption shall state the date and price of redemption.
