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

Selection by Trustee of Subordinated Debt Securities to Be Redeemed. (a) Except as otherwise specified pursuant to Section 301 for Subordinated Debt Securities of any series, if less than all the Subordinated Debt Securities of any series are to be redeemed, the particular Subordinated Debt Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee from the Outstanding Subordinated Debt Securities of such series not previously called for redemption, by a method that complies with the requirements of the principal national securities exchange or quotation system (which shall be provided or caused to be provided by the Issuer to the Trustee), if any, on which the Subordinated Debt Securities are listed or quoted or, if the Subordinated Debt Securities are not so listed or quoted, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Subordinated Debt Securities of such series or any integral multiple thereof that is also an authorized denomination, but in no event shall such portion be less than $1,000) of the principal amount of Subordinated Debt Securities (if issued in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for Subordinated Debt Securities of such series.

Appears in 2 contracts

Samples: Indenture (Nortel Networks Corp), Indenture (Nortel Networks Corp)

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Selection by Trustee of Subordinated Debt Securities to Be Redeemed. (a) Except Unless otherwise provided as otherwise specified pursuant contemplated by Section 3.01 with respect to Section 301 for any series of Subordinated Debt Securities of any seriesSecurities, if less fewer than all the Subordinated Debt Securities of any series are to be redeemed, the particular Subordinated Debt Securities to be redeemed shall be selected not less than 30 calendar days nor more than 45 60 calendar days prior to the Redemption Date by the Trustee Trustee, from the Outstanding Subordinated Debt Securities of such series not previously called for redemption, by a method that complies with the requirements of the principal national securities exchange or quotation system (which shall be provided or caused to be provided by the Issuer to the Trustee), if any, on which the Subordinated Debt Securities are listed or quoted or, if the Subordinated Debt Securities are not so listed or quoted, by such method as the Trustee shall deem fair and appropriate and and, which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for registered Subordinated Debt Securities of such that series or any integral multiple thereof that is also an authorized denomination, but in no event shall such portion be less than $1,000thereof) of the principal amount of Subordinated Debt Securities (if issued in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for Subordinated Debt Securities of that series. The Trustee shall promptly notify the Company in writing of the Subordinated Debt Securities selected for redemption and, in the case of any Subordinated Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Subordinated Debt Securities Indenture, unless the context otherwise requires, all provisions relating to the redemption of Subordinated Debt Securities shall relate in the case of any Subordinated Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such seriesregistered Subordinated Debt Security, which has been or is to be redeemed.

Appears in 1 contract

Samples: First Supplemental Indenture (Royal Bank of Scotland Group PLC)

Selection by Trustee of Subordinated Debt Securities to Be Redeemed. (a) Except as otherwise specified pursuant to Section 301 for Subordinated Debt Securities of any series, if If less than all the Subordinated Debt Securities of any series are to be redeemed, the particular Subordinated Debt Securities to be redeemed shall be selected not more than 45 60 days nor less than 30 days prior to the Redemption Date by the Trustee Trustee, from the Outstanding Subordinated Debt Securities of such series not previously called for redemption, by a method that complies with the requirements of the principal national securities exchange or quotation system (which shall be provided or caused to be provided by the Issuer to the Trustee), if any, on which the Subordinated Debt Securities are listed or quoted or, if the Subordinated Debt Securities are not so listed or quoted, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for registered 66 Subordinated Debt Securities of such that series or any integral multiple thereof that is also an authorized denomination, but in no event shall such portion be less than $1,000thereof) of the principal amount of Subordinated Debt Securities (if issued in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for Subordinated Debt Securities of that series. The Trustee shall promptly notify the Company in writing of the Subordinated Debt Securities selected for redemption and, in the case of any Subordinated Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Subordinated Debt Securities Indenture, unless the context otherwise requires, all provisions relating to the redemption of Subordinated Debt Securities shall relate in the case of any Subordinated Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such seriesregistered Subordinated Debt Security which has been or is to be redeemed.

Appears in 1 contract

Samples: Indenture (Royal Bank of Scotland Group PLC)

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Selection by Trustee of Subordinated Debt Securities to Be Redeemed. (a) Except as otherwise specified pursuant to Section 301 for Subordinated Debt Securities of any series, if less If fewer than all the Subordinated Debt Securities of any series are to be redeemed, the particular Subordinated Debt Securities to be redeemed shall be selected not more than 45 60 days nor less than 30 days prior to the Redemption Date by the Trustee Trustee, from the Outstanding Subordinated Debt Securities of such series not previously called for redemption, by a method that complies with the requirements of the principal national securities exchange or quotation system (which shall be provided or caused to be provided by the Issuer to the Trustee), if any, on which the Subordinated Debt Securities are listed or quoted or, if the Subordinated Debt Securities are not so listed or quoted, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Subordinated Debt Securities of such that series or any integral multiple thereof that is also an authorized denomination, but in no event shall such portion be less than $1,000thereof) of the principal amount of Subordinated Debt Securities (if issued in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for Subordinated Debt Securities of that series, all in accordance with the rules and regulations of the applicable clearing system. The Trustee shall promptly notify the Company in writing of the Subordinated Debt Securities selected for redemption and, in the case of any Subordinated Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Subordinated Debt Securities Indenture, unless the context otherwise requires, all provisions relating to the redemption of Subordinated Debt Securities shall relate in the case of any Subordinated Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such seriesSubordinated Debt Security which has been or is to be redeemed.

Appears in 1 contract

Samples: Lloyds TSB Bank PLC

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