Common use of Selection of Debentures to be Redeemed Clause in Contracts

Selection of Debentures to be Redeemed. If less than all the Debentures are to be redeemed, subject to any conditions at redemption imposed by the FRB, the Trustee shall select the Debentures to be redeemed by a method that complies with the requirements, if any, of any stock exchange on which the Debentures are listed and that the Trustee considers fair and appropriate, which may include selection pro rata or by lot. The Trustee shall make the selection from Debentures outstanding not previously called for redemption. The Trustee may select for redemption portions of the Principal of Debentures that have denominations larger than $10,000.00. Debentures and portions thereof selected by the Trustee shall be in amounts of $10,000.00 or integral multiples of $10,000.00. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 2 contracts

Samples: Indenture (German American Bancorp, Inc.), Indenture (German American Bancorp, Inc.)

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Selection of Debentures to be Redeemed. If less fewer than all the Debentures are to be redeemed, subject to any conditions at redemption imposed by the FRB, the Trustee shall select the Debentures to be redeemed pro rata or by lot or by a method that complies with the applicable legal and securities exchange requirements, if any, of any stock exchange on which the Debentures are listed and that the Trustee considers fair and appropriate, which may include appropriate and in accordance with methods generally used at the time of selection pro rata or by lotfiduciaries in similar circumstances. The Trustee shall make the selection from outstanding Debentures outstanding not previously called for redemption. The Trustee may select for redemption portions of the Principal principal of Debentures that have denominations larger than $10,000.001,000. Debentures and portions thereof selected by of them the Trustee selects shall be in amounts of $10,000.00 1,000 or integral multiples a whole multiple of $10,000.001,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be redeemed.

Appears in 2 contracts

Samples: Indenture (Petroleum Heat & Power Co Inc), Indenture (Petroleum Heat & Power Co Inc)

Selection of Debentures to be Redeemed. If less fewer than all the Debentures are to be redeemed, subject to any conditions at redemption imposed by the FRB, the Trustee shall select the Debentures to be redeemed pro rata or by lot or by a method that complies with the applicable legal and securities exchange requirements, if any, of any stock exchange on which the Debentures are listed and that the Trustee considers fair and appropriate, which may include appropriate and in accordance with methods generally used as the time of selection pro rata or by lotfiduciaries in similar circumstances. The Trustee shall make the selection from outstanding Debentures outstanding not previously called for redemption. The Trustee may select for redemption portions of the Principal principal of Debentures that have denominations larger than $10,000.001,000. Debentures and portions thereof selected by of them the Trustee selects shall be in amounts of $10,000.00 1,000 or integral multiples a whole multiple of $10,000.001,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be redeemed.

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

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Selection of Debentures to be Redeemed. If less than all the Debentures are to be redeemed, subject to any conditions at redemption imposed by the FRB, the Trustee shall select the Debentures to be redeemed by a method that complies in compliance with the requirementsrequirements of the principal national securities exchange, if any, of any stock exchange on which the Debentures are listed and that listed, or, if the Debentures are not so listed, pro rata, by lot or by such method as the Trustee considers deems to be fair and appropriate, which may include selection pro rata or by lotreasonable. The Trustee shall make promptly notify the selection from Company in writing of the Debentures outstanding not previously called for redemption. The Trustee may select selected for redemption portions and, in the case of any Debenture selected for partial redemption, the Principal of Debentures that have denominations larger than $10,000.00principal amount thereof to be redeemed. Debentures and portions thereof of Debentures selected by the Trustee shall be in amounts of $10,000.00 1,000 or integral whole multiples of $10,000.001,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 1 contract

Samples: Indenture (American Restaurant Group Inc)

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