Common use of REDEMPTION OF SECURITIES Clause in Contracts

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 15 contracts

Samples: Trust Agreement (Asbc Capital Ii), Trust Agreement (Us Bancorp \De\), Trust Agreement (USB Capital XII)

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REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption or acceleration as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount Liquidation Amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 20 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 10 contracts

Samples: Trust Agreement (CSX Capital Trust 1), Trust Agreement (Smithfield Foods Inc), Trust Agreement (Dominion Resources Capital Trust Iv)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures ICONs held by the Property Trustee on behalf of the Trust, whether at the stated maturity of the Debentures ICONs or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures ICONs so repaid or redeemed at the Redemption Price. Holders shall be given not less fewer than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 5 contracts

Samples: Trust Agreement (Merrill Lynch & Co Inc), Trust Agreement (Merrill Lynch & Co Inc), Trust Agreement (Merrill Lynch Capital Trust II)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures ICONs held by the Trust, whether at the stated maturity of the Debentures ICONs or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures ICONs so repaid or redeemed at the Redemption Price. Holders shall be given not less fewer than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 3 contracts

Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Us Bancorp \De\), Trust Agreement (Us Bancorp \De\)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption as provided in the Debentures and the Indenture, including pursuant to a Special Event, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 3 contracts

Samples: Trust Agreement (Disney Capital Trust Iii), Trust Agreement (Fonovisa Inc), Trust Agreement (Omnicom Capital Trust Iii)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures Debt Securities held by the Trust, whether at the stated maturity of the Debentures Debt Securities or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures Debt Securities so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 thirty (30) nor more than 60 sixty (60) days notice of such redemption in accordance with Section 7.4.

Appears in 2 contracts

Samples: Trust Agreement (Compass Bancshares Inc), Trust Agreement (Compass Trust Iii)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures Notes held by the Trust, whether at the stated maturity of the Debentures Notes or upon earlier redemption or acceleration as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount Liquidation Amount equal to the aggregate principal amount of the Debentures Notes so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 20 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Energy East Capital Trust Ii)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less fewer than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Us Bancorp \De\)

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REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 20 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Dominion Resources Inc /Va/)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures held by the Trust, whether at the stated maturity of the Debentures or upon earlier redemption as provided in the Debentures and the Indenture, including pursuant to a Special Event, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.. 35

Appears in 1 contract

Samples: Trust Agreement (Disney Capital Trust I)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures ICONs held by the Trust, whether at the stated maturity of the Debentures ICONs or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures ICONs so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Us Bancorp \De\)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures Junior Subordinated Notes held by the Trust, whether at the stated maturity of the Debentures Junior Subordinated Notes or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures Junior Subordinated Notes so repaid or redeemed at the Redemption Price. Holders shall be given not less than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Virginia Electric & Power Co)

REDEMPTION OF SECURITIES. (a) Upon the repayment or redemption, in whole or in part, of the Debentures ICONs held by the Trust, whether at the stated maturity of the Debentures ICONs or upon earlier redemption as provided in the Indenture, the proceeds from such repayment or redemption shall be simultaneously applied Pro Rata (subject to Section 7.1(b)) to redeem Securities having an aggregate liquidation amount equal to the aggregate principal amount of the Debentures ICONs so repaid or redeemed at the Redemption Price. Holders shall be given not less fewer than 30 nor more than 60 days notice of such redemption in accordance with Section 7.4.

Appears in 1 contract

Samples: Trust Agreement (Merrill Lynch Capital Trust I)

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