Repayment Price. On or prior to any repayment date the Company shall deposit with the Trustee an amount of money sufficient to pay the optional repayment price, and accrued interest thereon to (but excluding) such date, of all the Book-Entry Notes or portions thereof which are to be repaid on such date. The Trustee will use such money to repay such Book-Entry Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding Exercise of Extension Option. At least 45 days (but no more than 60 days) prior to the then current maturity of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option with respect to such Book-Entry Note to extend the Maturity of such Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Extension Option. After receipt of notice that the Company is exercising its option to extend the maturity of a Book-Entry Note, the Trustee will, at least 40 days before the then current maturity date for such Book-Entry Note, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of such option with respect to such Book-Entry Note. Procedures upon Company's Exercise of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of such option with respect to such Book-Entry Note.
Appears in 1 contract
Sources: Distribution Agreement (Maytag Corp)
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the such Trustee an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Such Trustee will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding regarding Exercise of Extension OptionExercise of Optional Optional Redemption. At least 45 days (but no more than 60 days) prior to the then current maturity of Redemption: date on which it intends to redeem a Book-Entry Certificated Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Optional Repayment (Except The Certificated Notes to be repaid as Pursuant to Company's set forth in such Notes, the Trustee for Exercise of Optional Rate Reset: Company Notice Reset or such Certificated Notes shall (unless such Optional Extension): notice was received pursuant to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option with respect Optional Repayment Date of such Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Book-Entry NoteOptional Repayment Date.
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the Trustee Citibank an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which each Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Trustee Citibank will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding regarding Exercise of Extension OptionCompany's Exercise Optional Redemption. At least 45 days (but no more than 60 days) prior to the then current maturity of Optional date on which it intends to redeem a Book-Entry Certificated Redemption: Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Payments of Principal and Trustee Notice to Company of Option to be Repaid. Interest Upon Exercise of Upon receipt of notice of exercise of the option Optional Repayment (Except for repayment and the Certificated Notes to be Pursuant to Company's repaid as set forth in such Notes, the Trustee for Exercise of Optional Rate Reset: Company Notice Reset such Certificated Notes shall (unless such notice or Optional Extension): was received pursuant to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Optional Repayment Date. Failure to Settle: If a purchaser fails to accept delivery of and make payment for any Certificated Note, the Agent will notify the Company and the applicable Trustee by telephone and return such Note to the applicable Trustee. Upon receipt of such notice, the Company will immediately wire transfer to the account of the Agent an amount equal to the amount previously credited thereto in respect of such Note. Such wire transfer will be made on the Settlement Date, if possible, and in any event not later than the Business Day following the settlement date. If the failure shall have occurred for any reason other than a default by the Agent in the performance of its obligations hereunder and under the Distribution Agreement with the Company, then the Company will reimburse the Agent or the applicable Trustee, as appropriate, on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of the Company. Immediately upon receipt of the Certificated Note in respect of which such failure occurred, the applicable Trustee will mark such Note "canceled," make appropriate entries in the applicable Trustee's records and send such Note to such Book-Entry the Company. Authenticity of The Agent will not have any obligation Signatures: or liability to the Company or a Trustee in respect of the authenticity of the signature of any officer, employee or agent of the Company or a Trustee on any Certificated Note.
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the such Trustee an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Such Trustee will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company Notice to Trustee regarding Exercise of Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding Exercise of Extension OptionRedemption. At least 45 days (but no more than 60 days) prior Optional Redemption: to the then current maturity of date on which it intends to redeem a Book-Entry Certificated Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity redemption date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Company's Payments of Principal Trustee Notice to Company of Option to be and Interest Upon Repaid. Upon receipt of notice of exercise of Exercise of Optional Rate Reset: Company Notice the option for repayment and the Certificated Repayment (Except Notes to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior be repaid as set forth in such Pursuant to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry NoteNotes, the Trustee will, at least 40 days before the optional reset date, hand deliver for such Certificated Exercise of Optional Notes shall (unless such notice was received Reset or Optional pursuant to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of an Extension): optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Optional Repayment Date. Failure to Settle: If a purchaser fails to accept delivery of and make payment for any Certificated Note, the Agent will notify the Company and the applicable Trustee by telephone and return such Note to the applicable Trustee. Upon receipt of such notice, the Company will immediately wire transfer to the account of the Agent an amount equal to the amount previously credited thereto in respect of such Note. Such wire transfer will be made on the settlement date, if possible, and in any event not later than the Business Day following the settlement date. If the failure shall have occurred for any reason other than a default by the Agent in the performance of its obligations hereunder and under the Agency Agreement with the Company, then the Company will reimburse the Agent or the applicable Trustee, as appropriate, on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of the Company. Immediately upon receipt of the Certificated Note in respect of which such failure occurred, the applicable Trustee will ▇▇▇▇ such Note "canceled", make appropriate entries in the applicable Trustee's records and send such Note to such Book-Entry Notethe Company.
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the such Trustee an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Notes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Such Trustee will use such money to repay such Book-Entry Notes pursuant to the terms set forth in such Notes. Procedures upon Company Notice to Trustee regarding Exercise Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding Exercise of Extension OptionRedemption. At least 45 days (but no more than 60 days) prior of Optional to the then current maturity of date on which it intends to redeem a Book-Book- Redemption: Entry Note, the Company will notify the Trustee whether for such Book-Entry Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Note, the Trustee will, at least 40 30 days before the then current maturity redemption date for such Book-Entry Note, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of such option with respect to such Book-Entry Note. Procedures upon Company's Exercise Deposit of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset OptionRedemption Price. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry NoteOn or before any redemption date, the Company will notify shall deposit with such Trustee an amount of money sufficient to pay the Trustee whether it intends redemption price, plus interest accrued to exercise its option to reset the interest ratesuch redemption date, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to for all the Book-Entry NoteNotes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such redemption date. Such Trustee Notice will use such money to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying repay such Book-Entry Note by CUSIP number Notes pursuant to the terms set forth in such Notes. Payments of Principal Trustee Notice to Company of Option to be and informing DTC Interest Upon Repaid. Upon receipt of notice of exercise of the Exercise of Optional option for repayment and the Global Securities Repayment (Except representing the Book-Entry Notes so to be Pursuant to repaid as set forth in such Notes, the Trustee for Company's Exercise such Book-Entry Notes shall (unless such notice of Optional Reset or was received pursuant to the Company's exercise Optional Extension: of an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above are to be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option with respect to such Optional Repayment Date and of the principal amount of Book-Entry NoteNotes to be repaid on such Optional Repayment Date.
Appears in 1 contract
Sources: Global Selling Agency Agreement (Salomon Smith Barney Holdings Inc)
Repayment Price. On or prior to any repayment date the Company shall deposit with the Trustee an amount of money sufficient to pay the optional repayment price, and accrued interest thereon to (but excluding) such date, of all the Book-Entry Notes or portions thereof which are to be repaid on such date. The Trustee will use such money to repay such Book-Entry Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding Exercise of Extension Option. At least 45 days (but no not more than 60 days) prior to the then current maturity of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option with respect to such Book-Entry Note to extend the Maturity of such Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Extension Option. After receipt of notice that the Company is exercising its option to extend the maturity of a Book-Book- Entry Note, the Trustee will, at least 40 days before the then current maturity date for such Book-Entry Note, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of such option with respect to such Book-Entry Note. Procedures upon Company's Exercise of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option. At least 45 50 days (but no not more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Book- Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of such option with respect to such Book-Entry Note.
Appears in 1 contract
Sources: Distribution Agreement (Maytag Corp)
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date the Company shall deposit with the Trustee Paying Agent an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of all as the Book-Entry case may be, for the Certificated Notes or portions thereof for which such Paying Agent serves as Paying Agent and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Trustee Paying Agent will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company's ’s Exercise of Optional Extension of MaturityRedemption: Company Notice to the Security Registrar and Trustee Regarding regarding Exercise of Extension OptionOptional Redemption. At least 45 days (but no more than 60 days) prior to the then current maturity of date on which it intends to redeem a Book-Entry Certificated Note, the Company will notify the the Security Registrar and Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Security Registrar Notice to DTC Regarding Holders regarding Company's ’s Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee Security Registrar for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC of such Holder the Company's ’s exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Payments of Principal and Interest Upon Repayment (Except Pursuant to Company's ’s Exercise of Optional Rate Reset: Company Reset or Optional Security Registrar Notice to Trustee Regarding Exercise Company of Reset OptionOption to be Repaid. At least 45 days Upon receipt of notice of exercise of the option for repayment and the Certificated Notes to be repaid as set forth in such Notes, the Security Registrar for such Certificated Notes shall (but no more than 60 days) prior unless such notice Extension): was received pursuant to the Company’s exercise of an optional reset date or an optional extension of a Book-Entry Notematurity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company will notify the Trustee whether it intends not less than 20 days prior to exercise its option to reset the interest rate, in the case each Optional Repayment Date of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number Optional Repayment Date and informing DTC of the Company's exercise principal amount of Certificated Notes to be repaid on such option Optional Repayment Date. Settlement Procedures: Settlement Procedures with respect regard to such Book-Entry Note.each Certificated Note purchased through any Agent, as agent, shall be as follows:
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the such Trustee an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Notes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Such Trustee will use such money to repay such Book-Entry Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding regarding Exercise of Extension OptionExercise of Optional Optional Redemption. At least 45 days (but no more than 60 days) prior to Redemption: the then current maturity of date on which it intends to redeem a Book-Entry Note, the Company will notify the Trustee whether for such Book-Entry Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Note, the Trustee for such Book-Entry Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Note. Procedures upon Company's Exercise of Optional Rate ResetFailure to Settle: Company Notice If the Trustee fails to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior enter an SDFS deliver order with respect to an optional reset date of a Book-Entry NoteNote pursuant to Settlement Procedure "F", upon written direction from the Company, the Company will notify Trustee may deliver to DTC, through DTC's Participant Terminal System, as soon as practicable a withdrawal message instructing DTC to debit such Note to the Trustee whether it intends Trustee's participant account, provided that the Trustee's participant account contains a principal amount of the Global Security representing such Note that is at least equal to exercise its option the principal amount to reset the interest rate, in the case of be debited. If a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, withdrawal message is processed with respect to all the Book-Entry NoteNotes represented by a Global Security, the Trustee will mark such Global Security "canceled", make appropriate entries in the Trustee's records and send such canceled Global Security to the Company. Trustee Notice The CUSIP number assigned to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest ratesuch Global Security shall, in the case of accordance with CUSIP Service Bureau procedures, be canceled and not immediately reassigned. If a Fixed Rate Notewithdrawal message is processed with respect to one or more, or Spread and/or Spread Multiplier in the case of a Floating Rate Notebut not all, of a the Book-Entry NoteNotes represented by a Global Security, the Trustee willwill exchange such Global Security for two Global Securities, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying one of which shall represent such Book-Entry Note or Notes and shall be canceled immediately after issuance and the other of which shall represent the remaining Book-Entry Notes previously represented by the surrendered Global Security and shall bear the CUSIP number and informing DTC of the Company's exercise of such option surrendered Global Security. If the purchase price for any Book-Entry Note is not timely paid to the Participants with respect to such Note by the beneficial purchaser thereof (or a person, including an indirect participant in DTC, acting on behalf of such purchaser), such Participants and, in turn, the Agent may enter SDFS deliver orders through DTC's Participant Terminal System reversing the orders entered pursuant to Settlement Procedures "F" and "G", respectively. Thereafter, the Trustee will deliver the withdrawal message and take the related actions described in the preceding paragraph. In the event of a failure to settle with respect to one or more, but not all, of the Book-Entry NoteNotes to have been represented by a Global Security, the Trustee will provide, in accordance with Settlement Procedures "D" and "F", for the authentication and issuance of a Global Security representing the Book-Entry Notes to be represented by such Global Security and will make appropriate entries in its records.
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the such Trustee an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which such Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Such Trustee will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding regarding Exercise of Extension OptionExercise of Optional Optional Redemption. At least 45 days (but no more than 60 days) prior to the then current maturity of Redemption: date on which it intends to redeem a Book-Entry Certificated Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Payments of Principal and Trustee Notice to Company of Option to be Repaid. Interest Upon Exercise Upon receipt of notice of exercise of the option of Optional Repayment (Except for repayment and the Certificated Notes to be Pursuant to Company's repaid as set forth in such Notes, the Trustee for Exercise of Optional Rate Reset: Company Notice Reset such Certificated Notes shall (unless such notice or Optional Extension): was received pursuant to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Optional Repayment Date. Failure to Settle: If a purchaser fails to accept delivery of and make payment for any Certificated Note, the Agent will notify the Company and the applicable Trustee by telephone and return such Note to the applicable Trustee. Upon receipt of such notice, the Company will immediately wire transfer to the account of the Agent an amount equal to the amount previously credited thereto in respect of such Note. Such wire transfer will be made on the Settlement Date, if possible, and in any event not later than the Business Day following the settlement date. If the failure shall have occurred for any reason other than a default by the Agent in the performance of its obligations hereunder and under the Distribution Agreement with the Company, then the Company will reimburse the Agent or the applicable Trustee, as appropriate, on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of the Company. Immediately upon receipt of the Certificated Note in respect of which such failure occurred, the applicable Trustee will mark such Note "canceled," make appropriate entries in the applicable Trustee's records and send such Note to such Book-Entry Notethe Company.
Appears in 1 contract
Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the Trustee Citibank an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which each Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Trustee Citibank will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company Notice to Trustee regarding Exercise Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding Exercise of Extension OptionRedemption. At least 45 days (but no more than 60 days) of Optional prior to the then current maturity of date on which it intends to Redemption: redeem a Book-Entry Certificated Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Payments of Principal and Trustee Notice to Company of Option to be Interest Upon Exercise of Repaid. Upon receipt of notice of exercise Optional Repayment (Except of the option for repayment and the Pursuant to Company's Exercise Certificated Notes to be repaid as set forth of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, or Optional in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Notesuch Notes, the Trustee will, at least 40 days before the optional reset date, hand deliver for such Extension): Certificated Notes shall (unless such notice was received pursuant to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Optional Repayment Date. Failure to Settle: If a purchaser fails to accept delivery of and make payment for any Certificated Note, the Agent will notify the Company and the applicable Trustee by telephone and return such Note to the applicable Trustee. Upon receipt of such notice, the Company will immediately wire transfer to the account of the Agent an amount equal to the amount previously credited thereto in respect of such Note. Such wire transfer will be made on the Settlement Date, if possible, and in any event not later than the Business Day following the settlement date. If the failure shall have occurred for any reason other than a default by the Agent in the performance of its obligations hereunder and under the Distribution Agreement with the Company, then the Company will reimburse the Agent or the applicable Trustee, as appropriate, on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of the Company. Immediately upon receipt of the Certificated Note in respect of which such failure occurred, the applicable Trustee will mark such Note "canceled," make appropriate entries in the applicable Trustee's records and send such Note to such Book-Entry the Company. Authenticity of The Agent will not have any obligation or Signatures: liability to the Company or a Trustee in respect of the authenticity of the signature of any officer, employee or agent of the Company or a Trustee on any Certificated Note.
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Repayment Price. On or prior to before any repayment date old Stated Maturity where the Maturity has been extended, and on or before any Optional Reset Date, the Company shall deposit with the Trustee Citibank an amount of money sufficient to pay the optional repayment priceprincipal amount, and plus interest accrued interest thereon to (but excluding) such dateold Stated Maturity or Optional Reset Date, of as the case may be, for all the Book-Entry Certificated Notes or portions thereof for which each Trustee serves as Trustee and which are to be repaid on such dateold Stated Maturity or Optional Reset Date, as the case may be. The Trustee Citibank will use such money to repay such Book-Entry Certificated Notes pursuant to the terms set forth in such Notes. Procedures upon Company's Exercise of Optional Extension of Maturity: Company Notice to Trustee Regarding regarding Exercise of Extension OptionCompany's Exercise Optional Redemption. At least 45 days (but no more than 60 days) prior to the then current maturity of Optional date on which it intends to redeem a Book-Entry Certificated Redemption: Note, the Company will notify the Trustee whether for such Certificated Note that it intends to exercise its is exercising such option with respect to such Book-Entry Note to extend the Maturity of on such Book-Entry Notedate. Trustee Notice to DTC Regarding Holders regarding Company's Exercise of Extension OptionOptional Redemption. After receipt of notice that the Company is exercising its option to extend the maturity of redeem a Book-Entry Certificated Note, the Trustee for such Certificated Note will, at least 40 30 days before the then current maturity date Redemption Date for such Book-Entry Certificated Note, hand deliver mail a notice, first class, postage prepaid, to DTC a notice identifying the Holder of such Book-Entry Note by CUSIP number and Certificated Note, informing DTC such Holder of the Company's exercise of such option with respect to such Book-Entry Certificated Note. Procedures upon Payments of Principal and Trustee Notice to Company of Option to be Repaid. Interest Upon Exercise of Upon receipt of notice of exercise of the option Optional Repayment for repayment and the Certificated Notes to be (Except Pursuant to repaid as set forth in such Notes, the Trustee for Company's Exercise of such Certificated Notes shall (unless such notice Optional Rate Reset: Company Notice Reset or was received pursuant to Trustee Regarding Exercise of Reset Option. At least 45 days (but no more than 60 days) prior to an optional reset date of a Book-Entry Note, the Company will notify the Trustee whether it intends to exercise its option to reset the interest rate, in the case of a Fixed Rate Note, and/or Spread or Spread Multiplier in the case of a Floating Rate Note, with respect to the Book-Entry Note. Trustee Notice to DTC Regarding Company's Exercise of Reset Option. After receipt of notice that the Company is exercising its option to reset the interest rate, in the case of a Fixed Rate Note, or Spread and/or Spread Multiplier in the case of a Floating Rate Note, of a Book-Entry Note, the Trustee will, at least 40 days before the optional reset date, hand deliver to DTC a notice identifying such Book-Entry Note by CUSIP number and informing DTC of the Company's exercise of Optional Extension): an optional reset or an optional extension of maturity, in each of which cases the relevant procedures set forth above shall be followed) give notice to the Company not less than 20 days prior to each Optional Repayment Date of such option Optional Repayment Date and of the principal amount of Certificated Notes to be repaid on such Optional Repayment Date. Failure to Settle: If a purchaser fails to accept delivery of and make payment for any Certificated Note, the Agent will notify the Company and the applicable Trustee by telephone and return such Note to the applicable Trustee. Upon receipt of such notice, the Company will immediately wire transfer to the account of the Agent an amount equal to the amount previously credited thereto in respect of such Note. Such wire transfer will be made on the Settlement Date, if possible, and in any event not later than the Business Day following the settlement date. If the failure shall have occurred for any reason other than a default by the Agent in the performance of its obligations hereunder and under the Distribution Agreement with the Company, then the Company will reimburse the Agent or the applicable Trustee, as appropriate, on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of the Company. Immediately upon receipt of the Certificated Note in respect of which such failure occurred, the applicable Trustee will mark such Note "canceled," make appropriate entries in the applicable Trustee's records and send such Note to such Book-Entry the Company. Authenticity of The Agent will not have any obligation or liability Signatures: to the Company or a Trustee in respect of the authenticity of the signature of any officer, employee or agent of the Company or a Trustee on any Certificated Note.
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