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 a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Senior Note without service charge, a new Senior Note or Senior Notes of like tenor, 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 Senior Note so surrendered.

Appears in 2 contracts

Samples: Indenture (Resource America Inc), Indenture (Resource America Inc)

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Senior Notes Redeemed in Part. Any Senior Note which is to be redeemed only in part shall be surrendered to the Paying Agent at a Place of Payment therefor the office or agency maintained for such purpose pursuant to Section 10.2 (with, if the Company Issuer, the Partnership, the Senior Note Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and Issuer, the Partnership, the Senior Note Registrar or the Trustee duly executed by, the Holder thereof or his such Holder's attorney duly authorized in writing), and the Company Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Senior Note without service charge, a new Senior Note or Senior Notes of like tenorNotes, of any authorized denomination as requested by such Holder, Holder in aggregate principal amount equal to to, and in exchange for for, the unredeemed portion of the principal of the Senior Note so surrenderedsurrendered that is not redeemed.

Appears in 2 contracts

Samples: Trumps Castle Associates Lp, Trumps Castle Associates Lp

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