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

Selection by Trustee of Securities to Be Redeemed. If fewer than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, which may include provision for the selection for redemption of portions of the principal of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed.

Appears in 38 contracts

Samples: Indenture (PepsiCo Singapore Financing I Pte. Ltd.), Indenture (Nymox Pharmaceutical Corp), Indenture (Barrett Business Services Inc)

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Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed.

Appears in 31 contracts

Samples: Indenture (Avon Products Inc), Indenture (FNB Corp/Fl/), Indenture (International Business Machines Corp)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series are to be redeemed (unless all of the Securities of a specified tenor are to be redeemed), the particular Securities of a specified tenor to be redeemed shall be selected not more than 60 90 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and of the tenor subject to such redemption and not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof), of the principal amount of Securities of such series and specified tenor of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such seriesspecified tenor. The Trustee shall promptly notify the Company and the Security Registrar, if other than the Trustee, in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed.

Appears in 3 contracts

Samples: Indenture (Solutia Inc), Indenture (Solutia Inc), Indenture (Solutia Inc)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all of the Securities of any series with the same interest rate, Stated Maturity and other terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 45 days prior to the Redemption Date by the Trustee, Trustee from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair lot and appropriate, which may include provision provide for the selection for redemption of portions of the principal amount (or in the case of an Original Issue Discount Security, the original issue amount) of Securities of such series of a denomination larger than series; provided, however, that no such partial redemption shall reduce the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions portion of the principal amount (or in the case of Securities so selected for partial redemption shall be equal to an Original Issue Discount Security, the minimum authorized denomination original issue amount) of the Securities a Security of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall series not be redeemed to less than the minimum authorized denomination for Securities a Security of such seriesseries established herein or pursuant hereto. The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal of such Security Securities which has been or is to be redeemed.

Appears in 3 contracts

Samples: Indenture (BBVA International Preferred, S.A. Unipersonal), Indenture (Bbva Subordinated Capital, S.A. Unipersonal), Indenture (BBVA International Preferred, S.A. Unipersonal)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities (including Coupons, if any) of any series with the same terms are to be redeemed, the particular Securities (including Coupons, if any) to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities (including Coupons, if any) of such series not previously called for redemption, by lot or any other such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities (including Coupons, if any) of that series or any integral multiple thereof) of the principal amount of Securities (including Coupons, if any) of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities (including Coupons, if any) selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed.

Appears in 3 contracts

Samples: Senior Debt Indenture (Hasbro Inc), Senior Debt Indenture (Hasbro Inc), Senior Debt Indenture (Hasbro Inc)

Selection by Trustee of Securities to Be Redeemed. If fewer than all In the case of a partial redemption of Securities, selection of such Securities for redemption will be made, in the case of any series are to be redeemedglobal notes, in accordance with the particular Securities to be redeemed shall be selected not more than 60 days prior to policies and procedures of the Redemption Date Depositary, and in the case of certificated notes, by the Trustee, from the Outstanding Securities of such series not previously called for redemptionTrustee pro rata, by lot or such other method as the Trustee in its sole discretion deems appropriate and just. If any Security is redeemed in part, the notice of redemption relating to such Security shall deem fair and appropriate, which may include provision for state the selection for redemption of portions portion of the principal amount thereof to be redeemed; provided that no Security in an aggregate principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption $2,000 or less shall be redeemed in part. A replacement Security in principal amount equal to the minimum authorized denomination unredeemed portion thereof will be issued in the name of the Securities Holder thereof upon cancellation of such seriesthe original Security. In the case of certificated notes, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company Corporation in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed.

Appears in 2 contracts

Samples: Indenture (Ovintiv Inc.), Indenture (Ovintiv Inc.)

Selection by Trustee of Securities to Be Redeemed. If fewer than all the Securities of any maturity of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, which may include provision for the selection for redemption of portions of the principal of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed.

Appears in 2 contracts

Samples: Senior Indenture (ServisFirst Bancshares, Inc.), Subordinated Indenture (ServisFirst Bancshares, Inc.)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series having the same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, Trustee from the Outstanding Securities of such series not previously called for redemption, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are then listed, or, if the Securities are not so listed, on a pro rata basis or by such method lot and in each case in accordance and subject to applicable DTC procedures or regulations as the Trustee shall deem fair appropriate and appropriate, which that may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of such series or any integral multiple thereof that is also an authorized denomination) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company Issuers and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal of such Security which Securities that has been or is to be redeemed.

Appears in 2 contracts

Samples: Indenture (CareTrust REIT, Inc.), Indenture (Renee Avenue Health Holdings LLC)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by lot or in the case of Securities in global form, pursuant to applicable Depositary procedures; provided, however, that no such method as partial redemption shall reduce the Trustee shall deem fair and appropriate, which may include provision for the selection for redemption of portions portion of the principal of Securities of such series amount of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal Security not redeemed to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such seriesseries established pursuant to Section 301. The Trustee shall promptly notify the Company Issuer in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed.

Appears in 2 contracts

Samples: Indenture (Boston Scientific Corp), Indenture Agreement (American Medical Systems Europe B.V.)

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Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities (including Coupons, if any) of any series with the same terms are to be redeemed, the particular Securities (including Coupons, if any) to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities (including Coupons, if any) of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities (including Coupons, if any) of that series or any integral multiple thereof) of 72 the principal amount of Securities (including Coupons, if any) of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company company in writing of the Securities (including Coupons, if any) selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed.

Appears in 1 contract

Samples: Indenture (Questar Gas Co)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all of the Securities of any series with the same issue date, interest rate or formula, Stated Maturity and other terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 sixty (60) days prior to the Redemption Date by the Trustee, Trustee from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Registered Securities of such series; provided, or an integral multiple thereofhowever, and that no such partial redemption shall reduce the portion of the principal amount which remains outstanding shall of a Registered Security of such series not be redeemed to less than the minimum authorized denomination for Securities a Security of such seriesseries established herein or pursuant hereto. The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed.to

Appears in 1 contract

Samples: Indenture (Trenwick America Capital Trust Iii)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision for the selection for redemption of portions of the principal of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding Outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed.

Appears in 1 contract

Samples: Subordinated Indenture (Temple Inland Trust I)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities of any series are to be redeemed (unless all of the Securities of a specified tenor are to be redeemed), the particular Securities of a specified tenor to be redeemed shall be selected not more than 60 90 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and of the tenor subject to such redemption and not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof), of the principal amount of Securities of such series and specified tenor of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such seriesspecified tenor. The Trustee shall promptly notify the Company and the Security Registrar, if other than the Trustee, in writing of the Securities selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed. SECTION 1104.

Appears in 1 contract

Samples: Indenture (Solutia Inc)

Selection by Trustee of Securities to Be Redeemed. If fewer less than all the Securities (including Coupons, if any) of any series with the same terms are to be redeemed, the particular Securities (including Coupons, if any) to be redeemed shall be selected not more than 60 days prior to the Redemption redemption Date by the Trustee, from the Outstanding Securities (including Coupons, if any) of such series not previously called for redemption, by lot or any other such method as the Trustee shall deem fair and appropriate, appropriate and which may include provision provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities (including Coupons, if any) of that series or any integral multiple thereof) of the principal amount of Securities (including Coupons, if any) of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities (including Coupons, if any) selected for redemption and, in the case of any Security Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Security Securities which has been or is to be redeemed.

Appears in 1 contract

Samples: Senior Debt Indenture (Hasbro Inc)

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