Common use of SECTION 1102. Election to Redeem; Notice to Trustee Clause in Contracts

SECTION 1102. Election to Redeem; Notice to Trustee. The election of the Issuers to redeem any Securities shall be established in or pursuant to a Board Resolution of each Issuer or in another manner specified as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Issuers of less than all the Securities of any series (including any such redemption affecting only a single Security), the Issuers shall, at least five Business Days prior to the Redemption Date fixed by the Issuers (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the Issuers that is subject to a condition specified in the terms of the Securities of the series to be redeemed, the Issuers shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition.

SECTION 1102. Election to Redeem; Notice to Trustee. The election of the Issuers Company to redeem any Securities shall be established in or pursuant to a Board Resolution of each Issuer or in another manner specified as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Issuers Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Issuers Company shall, at least five 5 Business Days prior to the Redemption Date fixed by the Issuers Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the Issuers Company that is subject to a condition specified in the terms of the Securities of the series to be redeemed, the Issuers Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition. Redemptions may be conditioned upon the occurrence of conditions precedent with respect to the redemption.