Common use of Effectiveness of Redemption Clause in Contracts

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date all funds necessary for the redemption have been deposited by the Company, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date shall, to the extent permitted by law, be released to the Company, after which time the Holders of the Subordinated Notes so called for redemption shall look only to the Company for payment of the redemption price of such Subordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for the redemption have been deposited by the Company, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date redemption date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date redemption date shall, to the extent permitted by law, be released to the Company, after which time the Holders of the Subordinated Notes shares so called for redemption shall look only to the Company for payment of the redemption price of such Subordinated Notesshares. Notwithstanding the foregoing, until the redemption date, the Holders may continue to exercise their conversion rights provided in Section 10 hereof following the issuance of a notice of redemption by the Company.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date all funds necessary for the redemption have been deposited by the Company, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date shall, to the extent permitted by lawLaw, be released to the Company, after which time the Holders of the Subordinated Notes so called for redemption shall look only to the Company for payment of the redemption price of such Subordinated NotesNotes (subject to abandoned property, escheat, or other similar Laws).

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date all funds necessary for the redemption have been deposited by the CompanyIssuer, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date shall, to the extent permitted by lawLaw, be released to the CompanyIssuer, after which time the Holders of the Subordinated Notes so called for redemption shall look only to the Company Issuer for payment of the redemption price of such Subordinated NotesNotes (subject to abandoned property, escheat, or other similar Laws).

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for the redemption have been deposited by the CompanyCorporation, in trust for the pro rata benefit of the Holders of the Subordinated Notes shares called for redemption, with a bank or trust company selected by the Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes certificate for any share so called for redemption have has not been surrendered for cancellation, on and after the Redemption Date interest redemption date dividends shall cease to accrue on all Subordinated Notes shares so called for redemption, all Subordinated Notes shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shares shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the Holders holders thereof to receive the amount payable on such redemption held in trustfrom such bank or trust company, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date redemption date shall, to the extent permitted by law, be released to the CompanyCorporation, after which time the Holders of the Subordinated Notes shares so called for redemption shall look only to the Company Corporation for payment of the redemption price of such Subordinated Notesshares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date all funds necessary for the redemption have been deposited by the Company, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date redemption date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date redemption date shall, to the extent permitted by law, be released to the Company, after which time the Holders of the Subordinated Notes so called for redemption shall look only to the Company for payment of the redemption price of such Subordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the CompanyCorporation, separate and apart from its other funds, in trust for the pro rata benefit of the Holders of the Subordinated Notes any shares of Series C so called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes certificate for any share so called for redemption have has not been surrendered for cancellation, on and after the Redemption Date interest redemption date dividends shall cease to accrue on all Subordinated Notes shares so called for redemption, all Subordinated Notes shares of Series C so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shares shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trustredemption, without interest. Any funds unclaimed at the end of three (3) two years from the Redemption Date redemption date shall, to the extent permitted by law, be released to the CompanyCorporation, after which time the Holders of the Subordinated Notes shares of Series C so called for redemption shall look only to the Company Corporation for payment of the redemption price of such Subordinated Notesshares.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date all funds necessary for the redemption have been deposited by the Company, in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date interest shall cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall forthwith on such Redemption Date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date shall, to the extent permitted by law, be released to the Company, after which time the Holders of the Subordinated Notes so called for redemption shall look only to the Company for payment of the redemption price of such Subordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date all funds necessary for the redemption have been deposited by the Company, Company in trust for the pro rata benefit of the Holders of the Subordinated Notes called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes so called for redemption have not been surrendered for cancellation, on and after the Redemption Date interest shall will cease to accrue on all Subordinated Notes so called for redemption, all Subordinated Notes so called for redemption shall will no longer be deemed outstanding and all rights with respect to such Subordinated Notes shall will forthwith on such Redemption Date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption held in trust, without interest. Any funds unclaimed at the end of three (3) two years from the Redemption Date shallwill, to the extent permitted by law, be released to the Company, after which time the Holders of the Subordinated Notes so called for redemption shall will look only to the Company for payment of the redemption price of such Subordinated Notes.

Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for the redemption have been deposited set aside by the CompanyCorporation, separate and apart from its other funds, in trust for the pro rata benefit of the Holders holders of the Subordinated Notes shares called for redemption, so as to be and continue to be available solely therefor, then, notwithstanding that any Subordinated Notes certificate for any share so called for redemption have has not been surrendered for cancellation, on and after the Redemption Date interest redemption date dividends shall cease to accrue on all Subordinated Notes shares so called for redemption, all Subordinated Notes shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Subordinated Notes shares shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the Holders holders thereof to receive the amount payable on such redemption held in trustredemption, without interest. Any funds unclaimed at the end of three (3) years from the Redemption Date redemption date shall, to the extent permitted by law, be released to the CompanyCorporation, after which time the Holders holders of the Subordinated Notes shares so called for redemption shall look only to the Company Corporation for payment of the redemption price of such Subordinated Notesshares.