to be redeemed Sample Clauses
The "to be redeemed" clause defines the conditions under which certain securities, shares, or financial instruments must be bought back or repaid by the issuer. Typically, this clause specifies the timing, price, and process for redemption, such as a company being required to repurchase preferred shares after a set period or upon the occurrence of specific events. Its core practical function is to provide certainty and structure for both the issuer and the holder regarding when and how the redemption will occur, thereby managing expectations and reducing potential disputes.
to be redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (ii) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition.
to be redeemed. If less than all of the Outstanding Senior Debentures are to be redeemed, Trustee shall redeem a pro rata portion of each Senior Debenture based on the percentage of the principal balance of the Senior Debentures to be redeemed in a manner such that the percentage of principal amount of the face amount of each Senior Debenture Outstanding is the same for each Outstanding Senior Debenture. Notwithstanding the foregoing with respect to the selection of Senior Debentures to be redeemed in the event of a partial redemption, so long as DTC or its nominee is the sole registered Owner of the Senior Debentures, Trustee shall follow the procedure for redemption and notices as set forth in DTC’s operational arrangements, as in effect at the time. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of the Senior Debentures shall relate, in the case of any Senior Debenture redeemed or to be redeemed only in part, to the portion of the principal of such Senior Debenture which has been or is to be redeemed.
to be redeemed. Maturity The Trustee on behalf and at the expense of the Agency shall mail (by first class mail) notice of any redemption to the respective owners of any Bonds designated for redemption, at their respective addresses appearing on the registration books maintained by the Trustee, to the Securities Depositories and to one or more Information Services (as such terms are defined in the Indenture), at least 30 but not more than 60 days prior to the redemption; provided, however, that neither failure to receive any such notice so mailed nor any defect therein shall affect the validity of the proceedings for the redemption of such Bonds or the cessation of the accrual of interest thereon. Such notice shall state the date of the notice, the redemption date, the redemption place and the redemption price and shall designate the CUSIP numbers, the serial numbers of each maturity or maturities (except that if the event of redemption is of all of the Bonds of such maturity or maturities in whole, the Trustee shall designate such maturities or the maturity in whole without referencing each individual number) of the Bonds to be redeemed, and shall require that such Bonds be then surrendered at the Trust Office of the Trustee for redemption at the redemption price, giving notice also that further interest on such Bonds will not accrue from and after the redemption date. The Bonds may be issued in denominations of $5,000 or any integral multiple thereof. Subject to the limitations and upon payment of the charges, if any, provided in the Indenture, this Bond may be exchanged at the Trust Office of the Trustee for a like aggregate principal amount, interest rate and maturity of fully registered Bonds of other authorized denominations. This Bond is transferable by the Registered Owner hereof, in person or by his attorney duly authorized in writing, at the Trust Office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon surrender and cancellation of this Bond. Upon such transfer a new fully registered Bond or Bonds, of authorized denomination or denominations, for the same aggregate principal amount and of the same maturity will be issued to the transferee in exchange herefor. The Agency and the Trustee may treat the Registered Owner hereof as the absolute owner hereof for all purposes, and the Agency and the Trustee shall not be affected by any notice to the contrary. The Trustee shall not be r...
to be redeemed. In case of a redemption at the election of the Issuer prior to the expiration of any restriction on such redemption, the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officers' Certificate stating that such restriction has been complied with.
to be redeemed. Extraordinary Mandatory Redemption. The Bonds are subject to mandatory redemption prior to maturity in whole or in part, among maturities as determined by the Authority, on any date, at a redemption price equal to 100% of the principal amount thereof to be redeemed (plus accrued but unpaid interest to the redemption date), without premium, from Net Proceeds received under from amounts deposited in the Insurance and Condemnation Fund under the Indenture, and any other funds available under the Indenture for purposes of that fund.
to be redeemed. Maturity The School Improvement Bonds maturing on July 1, shall be subject to mandatory redemption prior to maturity at the price of par plus accrued interest to the
to be redeemed. Maturity.
to be redeemed. Maturity
to be redeemed. The notice shall identify the Securities and the principal amount thereof to be redeemed and shall state:
to be redeemed. A new Security in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Security. On and after the redemption date, interest will cease to accrue on Securities or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to the Indenture.