Common use of SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED Clause in Contracts

SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED. If fewer than all of the Senior Subordinated Notes are to be redeemed, the Trustee shall select the Senior Subordinated 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) and in such manner as complies with applicable legal and other requirements, if any. The Trustee shall make the selection from the Senior Subordinated Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Subordinated Notes selected for redemption and, in the case of any Senior Subordinated Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Subordinated 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 Subordinated Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any Senior Subordinated Note that has a principal amount of less than $1,000. Provisions of this Indenture that apply to Senior Subordinated Notes called for redemption also apply to portions of Senior Subordinated Notes called for redemption.

Appears in 2 contracts

Samples: Indenture (Trism Inc /De/), Indenture (Trism Inc /De/)

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SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED. If fewer less than all of the Senior Subordinated Notes are to be redeemedredeemed at any time, selection of Senior Subordinated Notes for redemption shall be made by the Trustee shall select in compliance with the requirements of the principal national securities exchange, if any, on which the Senior Subordinated Notes to be redeemed are listed, or, if the Senior Subordinated Notes are not so listed, on a pro rata basis (or on as nearly a pro rata basis as is practicable, and in such casebasis, by lot or by such other method as the Trustee shall determine to be deem fair and appropriate) and ; provided that no Senior Subordinated Notes of $1,000 or less shall be redeemed in such manner as complies with applicable legal and other requirements, if anypart. The Trustee shall make the selection from the Senior Subordinated Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Subordinated Notes selected for redemption and, in the case of any Senior Subordinated Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Subordinated 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 Subordinated Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any Senior Subordinated Note that has a principal amount of less than $1,000. Provisions of this Indenture that apply to Senior Subordinated Notes called for redemption also apply to and portions of Senior Subordinated Notes called for redemption.selected shall be in amounts of $1,000 or whole multiples of $1,000; except that if all of the Senior Subordinated Notes of a Holder are to be redeemed, the entire outstanding amount of Senior

Appears in 1 contract

Samples: Key Plastics Inc

SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED. If fewer than all of the Senior Subordinated Notes are to be redeemed, the Senior Subordinated Notes Trustee shall select the Senior Subordinated 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) and in such manner as complies with applicable legal and other requirements, if anylot. The Senior Subordinated Notes Trustee shall make the selection from the outstanding Senior Subordinated Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the redemption. The Senior Subordinated Notes selected for redemption and, in the case of any Senior Subordinated Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Subordinated 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 Subordinated Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any . Senior Subordinated Note that has Notes and portions of them the Senior Subordinated Notes Trustee selects shall be in amounts of $1,000 or a principal amount whole multiple of less than $1,000. Provisions of this Indenture that apply to Senior Subordinated Notes called for redemption also apply to portions of Senior Subordinated Notes called for redemption. The Senior Subordinated Notes Trustee shall notify the Company promptly of the Senior Subordinated Notes or portions of Senior Subordinated Notes to be redeemed.

Appears in 1 contract

Samples: Indenture (Wesco Distribution Inc)

SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED. If fewer than all of the Senior Subordinated Notes are to be redeemed, the Trustee shall select the Senior Subordinated 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) and in such manner as complies with applicable legal and other requirements, if any. The Trustee shall make the selection from the Senior Subordinated Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Subordinated Notes selected for redemption and, in the case of any Senior Subordinated Note selected for partial redemption, the principal amount thereof to be redeemed. Senior Subordinated 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 Subordinated Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any Senior Subordinated Note that has a principal amount of less than $1,000. Provisions of this Indenture that apply to Senior Subordinated Notes called for redemption also apply to portions of Senior Subordinated Notes called for redemption.

Appears in 1 contract

Samples: Indenture (Trism Inc /De/)

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SELECTION OF SENIOR SUBORDINATED NOTES TO BE REDEEMED. If fewer less than all of the Senior Subordinated Notes are to be redeemedredeemed at any time, selection of Senior Subordinated Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which the Senior Subordinated Notes are listed, or, if the Senior Subordinated Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee in its sole discretion shall select deem fair and appropriate; provided that no Senior Subordinated Notes of $1,000 or less shall be redeemed in part. Notices of redemption shall be mailed by first class mail at least 30 but not more than 60 days before the redemption date to each Holder of Senior Subordinated 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) and in such manner as complies with applicable legal and other requirements, if anyat its registered address. The Trustee shall make the selection from the Senior Subordinated Notes outstanding and not previously called for redemption and shall promptly notify the Company in writing of the Senior Subordinated Notes selected for redemption and, in the case of If any Senior Subordinated Note selected for partial redemptionis to be redeemed in part only, the notice of redemption that relates to such Senior Subordinated Note shall state the portion of the principal amount thereof to be redeemed. A new Senior Subordinated Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Senior Subordinated Note. On and after the redemption date, interest and Liquidation Damages, if any, shall cease to accrue on Senior Subordinated 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 Subordinated Notes that have denominations larger than $1,000; provided, however, that the Trustee may select for redemption any Senior Subordinated Note that has a principal amount of less than $1,000. Provisions of this Indenture that apply to Senior Subordinated Notes called for redemption also apply to portions of Senior Subordinated Notes thereof called for redemption.

Appears in 1 contract

Samples: Supplemental Indenture (Plainwell Inc)

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