Common use of Method and Effect of Redemption Clause in Contracts

Method and Effect of Redemption. (a) If the Company elects to redeem Notes, it must notify the Trustee of the redemption date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate at least 30 days before the redemption date (unless a shorter period is satisfactory to the Trustee). In the event that the Company chooses to redeem less than all of the Notes, the Officers’ Certificate must also specify a record date not less than 15 days after the date the notice of redemption is given to the Trustee, and selection of the Notes for redemption will be made by the Trustee either:

Method and Effect of Redemption. (a) Any redemption at the option of the Company or notice thereof may, at the Company’s discretion, be subject to one or more conditions precedent. If the Company elects to redeem Notes, it must notify the Trustee in writing of the redemption date and the principal amount of Notes to be redeemed by delivering an Officers’ Officer’s Certificate at least 30 45 days before the redemption date (unless a shorter period is satisfactory to the Trustee). In the event that the Company chooses to redeem less than all of the Notes, the Officers’ Certificate must also specify a record date not less than 15 days after the date the notice of redemption is given to the Trustee, and selection of the Notes for redemption will be made by the Trustee either:.