Common use of Satisfaction of Sinking Fund Payments with Notes Clause in Contracts

Satisfaction of Sinking Fund Payments with Notes. The Company (1) may deliver Outstanding Notes of a series, or any Tranche thereof (other than any previously called for redemption) and (2) may apply as a credit Notes of such series or Tranche, which have been (a) redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes or (b) purchased by the Company in the open market, by tender offer or otherwise, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Notes of such series required to be made pursuant to the terms of such Notes as and to the extent provided for by the terms of such Notes; provided that the Notes to be so credited have not been previously so credited. The Notes to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Notes so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Notes. The Company (1) may deliver Outstanding Notes of a series, or any Tranche thereof series (other than any previously called for redemption) and (2) may apply as a credit Notes of such a series or Tranche, which have been (a) redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes or (b) purchased by the Company in the open market, by tender offer or otherwise, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Notes of such series required to be made pursuant to the terms of such Notes as and to the extent provided for by the terms of such Notes; provided that the Notes to be so credited have not been previously so credited. The Notes to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Notes so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Notes. The Company Subject to Section 12.3, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Notes of such Series in cash, the Issuers may at their option (1) may deliver to the Trustee or Trustees Outstanding Notes of a series, or any Tranche thereof Series (other than any previously called for redemption) and theretofore purchased or otherwise acquired by the Issuers together in the case of any Bearer Notes of such Series with all unmatured coupons appertaining thereto, and/or (2) may apply as a receive credit for the principal amount of Notes of such series or Tranche, Series which have been (a) previously delivered to the Trustee or Trustees by the Issuers or for Notes of such Series which have been redeemed either at the election of the Company Issuers pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes or (b) purchased by the Company in the open market, by tender offer or otherwiseNotes, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to any the Notes of such series the same Series required to be made pursuant to the terms of such Notes as and to the extent provided for by the terms of such NotesSeries; provided provided, however, that the such Notes to be so credited have not been previously so credited. The Such Notes to be so credited shall be received and credited for such purpose by the Trustee or Trustees at the Redemption Price, as Price specified in the such Notes so to be redeemed, for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.