Common use of Selection by Trustee of Notes to Be Redeemed Clause in Contracts

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed (including for a partial redemption made with the proceeds of an Equity Offering), the Notes shall be selected to be redeemed by lot (subject to applicable DTC procedures) unless such method is otherwise prohibited and, if such Notes are listed on any securities exchange, by a method that complies with the requirements of such exchange. The selection shall be from the Notes outstanding and not previously called for redemption and the Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes in denominations of $2,000 or less may be redeemed only in whole. Notes may be selected for redemption in portions (equal to $1,000 or integral multiples thereof) of the principal amount of Notes that have denominations larger than $2,000. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

Appears in 6 contracts

Samples: Lamar Media Corp/De, Lamar Advertising Co/New, Lamar Media Corp/De

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Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed (including for a partial redemption made with the proceeds of an Equity Offering)redeemed, the Trustee shall select the Notes shall be selected to be redeemed pro rata, by lot (subject to applicable DTC procedures) unless such or by any other method is otherwise prohibited that the Trustee considers fair and appropriate and, if such Notes are listed on any securities exchange, by a method that complies with the requirements of such exchange. The Trustee shall make the selection shall be from the Notes outstanding and not previously called for redemption and the Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes in denominations of $2,000 or less 1,000 may be redeemed only in whole. Notes The Trustee may be selected select for redemption in portions (equal to $1,000 or integral multiples thereof) of the principal amount of Notes that have denominations larger than $2,0001,000. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

Appears in 5 contracts

Samples: Indenture (MWC Acquisition Sub Inc), Covenants (Hayes Wheels International Inc), Covenants (Hayes Lemmerz International Inc)

Selection by Trustee of Notes to Be Redeemed. If fewer than all of the Notes are to be redeemed (including for a partial redemption made with the proceeds of an Equity Offering)redeemed, the Trustee shall select the Notes shall be selected to be redeemed pro rata, by lot (subject to applicable DTC procedures) unless such or by any other method is otherwise prohibited that the Trustee considers fair and appropriate and, if such Notes are listed on any securities exchange, by a method that complies with the requirements of such exchange. The Trustee shall make the selection shall be from the Notes outstanding and not previously called for redemption and the Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes in denominations of $2,000 or less 1,000 may be redeemed only in whole. Notes The Trustee may be selected select for redemption in portions (equal to $1,000 or integral multiples thereof) of the principal amount of Notes that have denominations larger than 41 -34- $2,0001,000. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

Appears in 1 contract

Samples: Indenture (Outdoor Systems Inc)

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Selection by Trustee of Notes to Be Redeemed. If In the event that fewer than all of the Notes are to be redeemed (including for a partial redemption made with the proceeds of an Equity Offering)redeemed, the Trustee shall select the Notes shall be selected to be redeemed on either a pro rata basis or by lot (subject to applicable DTC procedures) unless lot, or such other method is otherwise prohibited and, if such Notes are listed on any securities exchange, by a method that complies with the requirements of such exchangeas it shall deem fair and equitable. The selection shall be from the Notes outstanding and not previously called for redemption and the Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note Notes selected for partial redemption, the principal amount thereof to be redeemed. Notes in denominations of $2,000 or less The Trustee may be redeemed only in whole. Notes may be selected select for redemption in portions (equal to $1,000 or integral multiples thereof) of the principal amount of Notes that have denominations larger than $2,0001,000. Provisions Notes and portions thereof the Trustee selects shall be redeemed in amounts of $1,000 (or, if less, the entire remaining principal amount) or whole multiples of $1,000. For all purposes of this Indenture unless the context otherwise requires, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

Appears in 1 contract

Samples: Indenture (Paxson Communications Corp)

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