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

Selection of Debentures to be Redeemed. If less than all the outstanding Debentures of a series are to be redeemed at any time, the Trustee shall select the Debentures of such series to be redeemed by lot or by any other method the Trustee considers fair and appropriate. The Trustee shall make the selection at least 30 but not more than 60 days before the Redemption Date from outstanding Debentures of such series not previously called for redemption. The Trustee shall notify the Company promptly in writing of the Debentures or portions of Debentures to be redeemed and, in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemed. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 3 contracts

Samples: Indenture (Prudential Financial Inc), Indenture (Prudential Financial Inc), Indenture (Prudential Financial Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!