Common use of Selection of Senior Notes to be Redeemed Clause in Contracts

Selection of Senior Notes to be Redeemed. If fewer than all of the Senior Notes are to be redeemed, the Trustee shall select the Senior Notes to be redeemed by lot or by such other method as the Trustee shall determine to be fair and appropriate and in such manner as complies with applicable legal and other requirements, if any. The Trustee shall make the selection from the Senior Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes in denominations of $1,000 may be redeemed only in whole. The Trustee may select for redemption portions (equal to $1,000 or any integral multiple thereof) of the principal of Senior Notes that have denominations larger than $1,000. Provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Delta Financial Corp), Delta Financial Corp, Pledge Agreement (Delta Financial Corp)

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Selection of Senior Notes to be Redeemed. If fewer less than all of the Senior Notes are to be redeemed, the Trustee shall select the Senior Notes to be redeemed by lot or by such any other method as that complies with applicable legal and securities exchange requirements, if any, and that the Trustee shall determine to be considers fair and appropriate and in such manner as complies accordance with applicable legal and other requirements, if anymethods generally used at the time of selection by fiduciaries in similar circumstances. The Trustee shall make the selection from the Senior Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes in denominations of $1,000 may be redeemed only in whole. The Trustee may select for redemption portions (equal to $1,000 or any integral multiple thereof) a portion of the principal of Senior Notes that have denominations larger than $1,000. Senior Notes and portions thereof selected by the Trustee will be redeemed in the amount of $1,000 or whole multiples of $1,000. Provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption. The Trustee shall notify the Company promptly of the Senior Notes or portions of Senior Notes to be called for redemption.

Appears in 2 contracts

Samples: Indenture (Telemundo Group Inc), Indenture (Telemundo Group Inc)

Selection of Senior Notes to be Redeemed. If fewer than all of the Senior Notes are to be redeemed, the Trustee shall select the Senior Notes to be redeemed on a pro rata basis (or on as nearly a pro rata basis as is practicable, and in such case, by lot or by such other method as the Trustee shall determine to be fair and appropriate appropriate) and in such manner as complies with applicable legal and other requirements, if any. The Trustee shall make the selection from the Senior Notes outstanding and not previously called for redemption and shall promptly notify the Company Publishing in writing of the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes in denominations of $1,000 or any lesser amount may be redeemed only in whole. The Trustee may select for redemption portions (equal to $1,000 or any integral multiple thereof) of the principal of Senior Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any Senior Note that has a principal amount of less than $1,000. Provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption.

Appears in 1 contract

Samples: Indenture (Golden Books Family Entertainment Inc)

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Selection of Senior Notes to be Redeemed. If fewer than all of the Senior Notes are to be redeemed, the Trustee shall select the Senior Notes to be redeemed by lot or by such other method as the Trustee shall determine to be fair and appropriate and in such manner as complies with applicable legal and other requirements, if any. The Trustee shall make the selection from the Senior Notes outstanding and not previously called for redemption and shall promptly notify the Company Publishing in writing of the Senior Notes selected for redemption and, in the case of any Senior Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Notes in denominations of $1,000 may be redeemed only in whole. The Trustee may select for redemption portions (equal to $1,000 or any integral multiple thereof) of the principal of Senior Notes that have denominations larger than $1,000. Provisions of this Indenture that apply to Senior Notes called for redemption also apply to portions of Senior Notes called for redemption.

Appears in 1 contract

Samples: Golden Books Family Entertainment Inc

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