Examples of Redemption Payments in a sentence
The Notes shall be issued pursuant to the Indenture and all Scheduled Payments, Redemption Payments and Repurchase Payments shall be made by automated clearing house (i.e., ACH) remittance from the Trust Account by the Paying Agent in accordance with the Paying Agent Agreement and the Indenture.
Other than set forth in the immediately preceding sentence, the Notes shall in all respects rank pari passu with all current and future senior indebtedness and senior to all existing and future subordinated indebtedness of the Company, and only Other Redemption Payments shall rank senior to the Notes in accordance with the provisions set forth herein.
From and after the date of redemption (the “ Preferred Redemption Date”), all rights of the holders of Preferred Stock will cease and dividends will cease to accrue (except to the extent that the Corporation has failed to pay the Preferred Redemption Payments in full to a holder of Preferred Stock).
This Article 13 defines the relative rights of Holders and Persons to whom Other Redemption Payments are due.
After all Other Redemption Payments are paid in full and until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Series A Preferred Stock to receive distributions applicable to Other Redemption Payments to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Other Redemption Payments.