Common use of REDEMPTION OF DEBENTURES Clause in Contracts

REDEMPTION OF DEBENTURES. The Debentures shall not be redeemable prior to April 30, 1999. Subject to the terms of Article 12 of the Original Indenture, on or after May 1, 1999, upon notice given by mailing the same, first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the date fixed for redemption, any or all of the Debentures may be redeemed by the Issuer, at its option, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Debentures to be redeemed plus accrued and unpaid interest thereon to the date fixed for redemption. With respect to any such redemption, the Trustee shall be given notice as provided in Article Twelve of the Original Indenture.

Appears in 5 contracts

Samples: Source One Mortgage Services Corp, Source One Mortgage Services Corp, Source One Mortgage Services Corp

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