Common use of Deposit of Redemption Price or Purchase Price Clause in Contracts

Deposit of Redemption Price or Purchase Price. One Business Day prior to the redemption date or the Asset Sale Payment Date, as the case may be, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption price or the purchase price of, and accrued interest on, all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent shall return to the Company any money not required for that purpose. If the Company complies with the preceding paragraph, interest on the Securities or portions thereof to be redeemed or purchased (in the case of a redemption, whether or not such Securities are presented for payment) will cease to accrue on the applicable redemption date or Asset Sale Payment Date, as the case may be. If any Security called for redemption shall not be so paid upon surrender, or if any Security to be purchased shall not be so paid on the Asset Sale Payment Date, because of the failure of the Company to comply with the preceding paragraph, then interest will be paid on the unpaid principal from the redemption date or the Asset Sale Payment Date, as the case may be, until such principal is paid and on any interest not paid on such unpaid principal, in each case, at the rate provided in the Securities and in Section 4.1.

Deposit of Redemption Price or Purchase Price. One Business Day prior to the redemption date or the Asset Sale Payment Date, as the case may bedate, the Company shall deposit with the Subordinated Debenture Trustee or with the Paying Agent money (in same-day funds) sufficient to pay the redemption price or the purchase price of, premium and Liquidated Damages, if any, and accrued interest on, all Securities to be redeemed or purchased on that datedate other than Securities or portions thereof called for redemption on that date which previously have been delivered by the Company to the Subordinated Debenture Trustee for cancellation. The Subordinated Debenture Trustee or the Paying Agent shall return to the Company any such money not required for that purpose. If the Company complies with the preceding paragraph, interest on the Securities or portions thereof to be redeemed or purchased (in the case of a redemptionredeemed, whether or not such Securities are presented for payment) , will cease to accrue on the applicable redemption date or Asset Sale Payment Date, as the case may bedate. If any Security called for redemption shall not be so paid upon surrender, or if any Security to be purchased shall not be so paid on the Asset Sale Payment Date, surrender for redemption because of the failure of the Company to comply with the preceding paragraph, then interest will be paid on the unpaid principal from the redemption date or the Asset Sale Payment Date, as the case may be, until such principal is paid and on any interest not paid on such unpaid principal, in each case, at the rate provided in the Securities and in Section 4.14.01 hereof.

Deposit of Redemption Price or Purchase Price. One Business Day prior to On or before the redemption date Redemption Date or the Asset Sale Payment Purchase Date, as the case may be, the Company or Renco, as the case may be, shall deposit with the Trustee or with the Paying Agent money U.S. Legal Tender sufficient and timely to pay the redemption price Redemption Price or the purchase price ofPurchase Price, and accrued interest onas the case may be, of all Securities to be redeemed or purchased purchased, as the case may be, on that datedate (other than Securities or portions thereof called for redemption or purchased, as the case may be, on that date which have been delivered by the Company to the Trustee for cancellation). The Trustee or the Paying Agent shall promptly return to the Company or Renco, as the case may be, any money U.S. Legal Tender so deposited which is not required for that purposepurpose upon the written request of the Company, except with respect to monies owed as obligations to the Trustee pursuant to Article Seven. If the Company or Renco, as the case may be, complies with the preceding paragraph, then, unless the Company or Renco, as the case may be, defaults in the payment of such Redemption Price or Purchase Price, as the case may be, interest on the Securities or portions thereof to be redeemed or purchased (in purchased, as the case of a redemptionmay be, will cease to accrue on and after the applicable Redemption Date or Purchase Date, as the case may be, whether or not such Securities are presented for payment) will cease to accrue on the applicable redemption date or Asset Sale Payment Date, as the case may be. If any Security called for redemption shall not be so paid upon surrender, or if any Security to be purchased shall not be so paid on the Asset Sale Payment Date, because of the failure of the Company to comply with the preceding paragraph, then interest will be paid on the unpaid principal from the redemption date or the Asset Sale Payment Date, as the case may be, until such principal is paid and on any interest not paid on such unpaid principal, in each case, at the rate provided in the Securities and in Section 4.1.

Deposit of Redemption Price or Purchase Price. One Business Day prior to the redemption date On or the Asset Sale Payment before 10:00 A.M. New York City time on each Redemption Date or Purchase Date, as the case may be, the Company shall irrevocably deposit with the Trustee or with the Paying Agent (or if the Company is acting as its own Paying Agent, segregate and hold in trust) money in U.S. dollars sufficient to pay the redemption price or the purchase price of, and accrued interest on, aggregate amount due on all Securities Notes to be redeemed or purchased repurchased on that date, including without limitation any accrued and unpaid interest and Additional Interest, if any, to the Redemption Date or Purchase Date. The Company, the Trustee or the Paying Agent shall promptly return to the Company any money not required for that purpose. If Unless the Company complies with the preceding paragraphdefaults in making such payment, interest and Additional Interest, if any, on the Securities or portions thereof Notes to be redeemed or purchased (in the case of a redemption, whether or not such Securities are presented for payment) repurchased will cease to accrue on the applicable redemption date Redemption Date or Asset Sale Payment Purchase Date, as the case may bewhether or not such Notes are presented for payment. If any Security Note called for redemption shall not be so paid upon surrender, or if any Security to be purchased shall not be so paid on the Asset Sale Payment Date, surrender because of the failure of the Company to comply with the preceding paragraph, then interest interest, including Additional Interest, if applicable, will be paid on the unpaid principal principal, from the redemption date applicable Redemption Date or the Asset Sale Payment Date, as the case may be, Purchase Date until such principal is paid paid, and on any interest interest, including Additional Interest, if applicable, not paid on such unpaid principal, in each case, case at the rate provided in the Securities Notes and in Section 4.14.01.