Common use of Senior Notes Redeemed in Part Clause in Contracts

Senior Notes Redeemed in Part. Any Senior Note which is to be redeemed only in part shall be surrendered at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 (with, if the Issuer, the Senior Note Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer, the Senior Note Registrar or the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing). Upon surrender of a Definitive Senior Note that is redeemed in part, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Definitive Senior Note without service charge, a new Definitive Senior Note or Definitive Senior Notes, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Definitive Senior Note so surrendered. Upon surrender of a Global Note that is redeemed in part, the Paying Agent shall forward the Global Note to the Trustee who shall reduce the principal amount of such Global Note to an amount equal to the unredeemed portion of the Global Note surrendered.

Appears in 2 contracts

Samples: Indenture (Markel Corp), Indenture (Markel Corp)

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Senior Notes Redeemed in Part. Any Senior Note which is to be redeemed only in part shall be surrendered at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 2.05 (with, if the Issuer, the Senior Note Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer, the Senior Note Registrar or the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing). Upon surrender of a Definitive Senior Note that is redeemed in part, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Definitive Senior Note without service charge, a new Definitive Senior Note or Definitive Senior Notes, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Definitive Senior Note so surrendered. Upon surrender of a Global Note that is redeemed in part, the Paying Agent shall forward the Global Note to the Trustee who shall reduce the principal amount of such Global Note to an amount equal to the unredeemed portion of the Global Note surrendered.

Appears in 1 contract

Samples: Terra Nova Bermuda Holding LTD

Senior Notes Redeemed in Part. Any Senior Note which is ----------------------------- to be redeemed only in part shall be surrendered at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 (with, if the Issuer, the Senior Note Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer, the Senior Note Registrar or the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing). Upon surrender of a Definitive Senior Note that is redeemed in part, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Definitive Senior Note without service charge, a new Definitive Senior Note or Definitive Senior Notes, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Definitive Senior Note so surrendered. Upon surrender of a Global Note that is redeemed in part, the Paying Agent shall forward the Global Note to the Trustee who shall reduce the principal amount of such Global Note to an amount equal to the unredeemed portion of the Global Note surrendered.

Appears in 1 contract

Samples: Terra Nova Bermuda Holding LTD

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Senior Notes Redeemed in Part. Any Senior Note which is to be redeemed only in part shall be surrendered at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 2.4 (with, if the Issuer, the Senior Note Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer, the Senior Note Registrar or the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing). Upon surrender of a Definitive Certificated Senior Note that is redeemed in part, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Definitive Certificated Senior Note without service charge, a new Definitive Certificated Senior Note or Definitive Certificated Senior Notes, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Definitive Certificated Senior Note so surrendered. Upon surrender of a Global Senior Note that is redeemed in part, the Paying Agent shall forward the Global Senior Note to the Trustee who shall reduce the principal amount of such Global Senior Note to an amount equal to the unredeemed portion of the Global Senior Note surrendered.

Appears in 1 contract

Samples: Indenture (Aflac Inc)

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