Common use of Method and Effect of Redemption Clause in Contracts

Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any series, it must notify the Trustee of the redemption date, the series and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate at least 15 days prior to the date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems appropriate, in denominations of $1,000 principal amount and multiples thereof, provided that no Notes of less than $2,000 may be redeemed in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption date.

Appears in 2 contracts

Samples: Indenture (Aes Corp), Indenture (DPL Inc)

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Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any seriesthe Notes, it must notify the Trustee of the redemption date, the series Redemption Date and the principal amount of such Notes to be redeemed by delivering an Officers’ Certificate at least not less than 15 days prior to nor more than 90 days before the date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee)Redemption Date. If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to shall be redeemed pro rata, selected for redemption by lot or by any other method otherwise in accordance with the Trustee applicable procedures of the Depositary, in its sole discretion deems appropriate, each case in denominations of $1,000 principal amount and multiples thereof, amount; provided that no Notes Note in a principal amount of less than $2,000 may shall be redeemed in part and no new Notes in a principal amount of $2,000 or less shall be issued in connection with any redemption in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee)request, by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 10 days but not more than 60 90 days before the redemption dateapplicable Redemption Date, except where DTC requires a longer period.

Appears in 2 contracts

Samples: Second Supplemental Indenture (E TRADE FINANCIAL Corp), E TRADE FINANCIAL Corp

Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any seriesNotes, it must notify the Trustee of the redemption date, the series date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate to the Trustee at least 15 days prior to the date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee in the sole determination of the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems appropriate, in denominations of $1,000 principal amount and multiples thereof, provided that no Notes of less than $2,000 may or less will be redeemed in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee, in the sole determination of the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption date.

Appears in 2 contracts

Samples: Indenture (Ipalco Enterprises, Inc.), Indenture (Ipalco Enterprises, Inc.)

Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any seriesNotes, it must notify the Trustee of the redemption date, the series date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate at least 15 days prior to the date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems appropriate, in denominations of $1,000 principal amount and multiples thereof, provided that no Notes of less than $2,000 may be redeemed in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption date. The Company shall notify the Trustee of the Redemption Price once determined in accordance with this Article 3 on or before two Business Days prior to the redemption date.

Appears in 1 contract

Samples: Indenture (DPL Inc)

Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any seriesNotes, it must notify the Trustee in writing of the redemption date, the series date and the principal amount of Notes to be redeemed by delivering an Officers’ Officer’s Certificate at least 15 45 days prior to before the redemption date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer less than all of the Notes of are to be redeemed at any series are being redeemedtime, the Officers’ Officer’s Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed as follows: (1) if the Notes are listed, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not so listed, on a pro ratarata basis, by lot or by any other such method as the Trustee in its sole discretion deems shall deem fair and appropriate, in denominations of $1,000 principal amount and multiples thereof, provided that no . No Notes of less than $2,000 may shall be redeemed in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice Notices of redemption must shall be sent mailed by the Company first class mail, or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holdersdelivered electronically if held by DTC, unless a shorter period is satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption datedate to each Holder of the Notes to be redeemed at its registered address, except that redemption notices may be delivered more than 60 days prior to the redemption date if the notice is issued in connection with the defeasance of the Notes or a satisfaction and discharge of the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (SB/RH Holdings, LLC)

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Method and Effect of Redemption. (a) If the Company Issuer elects to redeem any Notes of any seriesNotes, it must notify the Trustee of the redemption date, the series date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate at least 15 45 days prior to before the redemption date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems fair and appropriate, in denominations of $1,000 principal amount and multiples thereof, ; provided that no Notes with a principal amount of less than $2,000 may or less shall be redeemed in part. The Trustee will notify the Company Issuer promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must will be sent mailed by first-class mail by the Company Issuer or at the CompanyIssuer’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee)request, by the Trustee in the name and at the expense of the CompanyIssuer, to Holders whose Notes are to be redeemed at least 30 days but and not more than 60 days before the date of redemption dateto each Holder’s registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (DineEquity, Inc)

Method and Effect of Redemption. (a) If the Company elects to redeem any Notes of any seriesNotes, it must notify the Trustee of the redemption date, the series date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate to the Trustee at least 15 days prior to the date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee in the sole determination of the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes of such series to be redeemed pro rata, by lot or by any other method the Trustee in its sole discretion deems appropriate, in denominations of $1,000 principal amount and multiples thereof, provided that no Notes of less than $2,000 may be redeemed in part. The Trustee will notify the Company promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee, in the sole determination of the Trustee), by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption date.

Appears in 1 contract

Samples: Indenture (Ipalco Enterprises, Inc.)

Method and Effect of Redemption. (aiv) If the Company elects Issuers elect to redeem any Notes of any seriesNotes, it they must notify the Trustee of the redemption date, the series and the principal amount of Notes to be redeemed and the redemption price by delivering an Officers' Certificate at least 15 days prior and an Opinion of Counsel, to the effect that such redemption shall comply with the conditions set forth in this Article 3, 40 to 60 days before the redemption date of the mailing of the notice (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes of any series are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the The Trustee will shall select the Notes of such series to be redeemed in compliance with the principal national securities exchange, if any, on which the Notes are listed, or if such Notes are not so listed, on a pro ratarata basis, by lot or by any other method the Trustee in its sole discretion deems fair and appropriate, in denominations of $1,000 principal amount and multiples or an integral multiple of $1,000 in excess thereof, provided that no Notes of less than $2,000 may be redeemed in part. The Trustee will shall notify the Company Issuers promptly of the Notes of such series or portions of Notes of such series to be called for redemption. Any such notice may be cancelled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect.(a) Notice of redemption must be sent by the Company Issuers or at the Company’s request (the Company to provide or cause to be provided to the Trustee such information to be included in such notice five (5) days prior to such notice being sent to Holders, unless a shorter period is satisfactory to the Trustee)Issuers' request, by the Trustee in the name and at the expense of the CompanyIssuer, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the redemption date., except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with Section 8.01 or Section 8.02

Appears in 1 contract

Samples: Indenture (Graham Packaging Holdings Co)

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