Special Event Prepayment. If a Special Event has occurred and is continuing, then the Company shall have the right, notwithstanding Section 14.02(a) but subject to Section 14.02(b), upon (i) not less than 45 days written notice to the Trustee and (ii) not less than 30 days nor more than 60 days written notice to the Securityholders, to prepay the Securities, in whole (but not in part), at any time within 90 days following the occurrence of such Special Event, at the Special Event Prepayment Price. Following a Special Event, if the Company elects to effect a prepayment, the Company shall take such action as is necessary promptly to determine the Special Event Prepayment Price, including without limitation the appointment by the Company of a Quotation Agent. The Special Event Prepayment Price shall be paid prior to 12:00 noon, New York City time, on the date of such prepayment or such earlier time as the Company determines, provided, that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Prepayment Price by 10:00 a.m., New York City time, on the date such Special Event Prepayment Price is to be paid.
Appears in 2 contracts
Samples: Indenture (Trenwick Group Inc), Indenture (Trenwick Capital Trust I)
Special Event Prepayment. If a Special Event has occurred and is continuing, then the Company shall have the right, notwithstanding Section 14.02(a) but subject to Section 14.02(b14.02(c), upon (i) not less than 45 days written notice to the Trustee and (ii) not less than 30 days nor more than 60 days written notice to Company shall have the Securityholders, to prepay the Securities, in whole (but not in part)right, at any time within 90 days following the occurrence of such Special Event, upon:
(i) not less than 45 days' written notice to the Trustee; and (ii) not less than 30 days nor more than 60 days' written notice to the Debentureholders, to prepay the Debentures, in whole (but not in part), at the Special Event Prepayment Price. Following a Special Event, if the Company elects to effect a prepayment, the Company shall take such action as is necessary to promptly to determine the Special Event Prepayment Price, including without limitation the appointment by the Company of a Quotation Agent. The Special Event Prepayment Price shall be paid prior to 12:00 noon, New York City time, on the date of such prepayment or such earlier time as the Company determines, provided, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Prepayment Price by 10:00 a.m., New York City time, on the date such Special Event Prepayment Price is to be paid.
Appears in 2 contracts
Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc)
Special Event Prepayment. If a Special Event has occurred and is continuing, then the Company shall have the right, notwithstanding Section 14.02(a) but subject to Section 14.02(b), upon (i) not less than 45 days written notice to the Trustee and (ii) not less than 30 days nor more than 60 days written notice to the Securityholders, to prepay the Securities, in whole (but not in part), at any time within 90 days following the occurrence of such Special Event, at the Special Event Prepayment Price. Following a Special Event, if the Company elects to effect a prepayment, the Company shall take such action as is necessary promptly to determine the Special Event Prepayment Price, including without limitation the appointment by the Company of a Quotation Agent. The Special Event Prepayment Price shall be paid prior to 12:00 noon, New York City time, on the date of such prepayment or such earlier time as the Company determines, provided, provided that the Company shall deposit with the Trustee an -77- 86 amount sufficient to pay the Special Event Prepayment Price by 10:00 a.m., New York City time, on the date such Special Event Prepayment Price is to be paid.
Appears in 1 contract
Samples: Indenture (Orion Capital Trust I)
Special Event Prepayment. If a Special Event has occurred and is continuing, then the Company shall have the right, notwithstanding Section 14.02(a) but subject to Section 14.02(b), upon (i) not less than 45 days written notice to the Trustee and (ii) not less than 30 days nor more than 60 days written notice to the Securityholders, to prepay the Securities, in whole (but not in part), at any time within 90 days following the occurrence of such Special Event, at the Special Event Prepayment Price. Following a Special Event, if the Company elects to effect a prepayment, the Company shall take such action as is necessary to promptly to determine the Special Event Prepayment Price, including without limitation the appointment by the Company of a Quotation Agent. The Special Event Prepayment Price shall be paid prior to 12:00 noon, New York City time, on the date of such prepayment or such earlier time as the Company determines, provided, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Prepayment Price by 10:00 a.m., New York City time, on the date such Special Event Prepayment Price is to be paid.
Appears in 1 contract