Common use of Redemption Procedures Clause in Contracts

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Price by 10:00 a.m., New York time, on the date such prepayment price is to be paid.

Appears in 6 contracts

Samples: First Supplemental Indenture (Countrywide Financial Corp), Municipal Mortgage & Equity LLC, Countrywide Home Loans Inc

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Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary Depository Institution shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant Holder to be redeemed. The Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Price by 10:00 a.m., New York time, on the date such prepayment price is to be paid.

Appears in 4 contracts

Samples: Supplemental Indenture (Fleet Financial Group Inc), Indenture (Fleet Financial Group Inc), Indenture (Fleet Capital Trust V)

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary Depository Institution shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary Depository Institution participant to be redeemed. The Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Price by 10:00 a.m., New York time, on the date such prepayment price is to be paid.

Appears in 4 contracts

Samples: Fourth Supplemental Indenture (Fleetboston Financial Corp), Third Supplemental Indenture (Fleet Capital Trust Viii), Indenture (Fleet Capital Trust Ix)

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1301, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; providedprovided that if, that if at the time of redemption redemption, the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York time, on the date such prepayment price Redemption Price is to be paid.

Appears in 3 contracts

Samples: Indenture (Dte Energy Co), Dte Energy Co, Supplemental Indenture (Dte Energy Co)

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, [Prepayment Price,] on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1301, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The [Prepayment Price Price] shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the [Prepayment Price Price] by 10:00 a.m., New York time, on the date such prepayment price [Prepayment Price] is to be paid.

Appears in 3 contracts

Samples: Dte Energy Co, Dte Energy Co, Dte Energy Co

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures Notes to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, [Prepayment Price,] on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures Notes called for redemption. If the Debentures Notes are only partially redeemed pursuant to Section 3.1301, the Debentures Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures Notes are registered as a Global DebentureNote, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures Notes held by each Depositary participant to be redeemed. The [Prepayment Price Price] shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the [Prepayment Price Price] by 10:00 a.m., New York time, on the date such prepayment price [Prepayment Price] is to be paid.

Appears in 3 contracts

Samples: Supplemental Indenture (Dte Energy Co), Indenture (Dte Energy Co), Indenture (Dte Energy Co)

Redemption Procedures. Notice of any redemption will be mailed transmitted at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1301, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; providedprovided that if, that if at the time of redemption redemption, the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York time, on the date such prepayment price Redemption Price is to be paid.

Appears in 3 contracts

Samples: Indenture (Dte Energy Co), Indenture (Dte Energy Co), Supplemental Indenture (Dte Energy Co)

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, provided that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York time, on the date such prepayment price Redemption Price is to be paid.

Appears in 3 contracts

Samples: First Supplemental Indenture (Superior Bancorp), Indenture (Popular Inc), Supplemental Indenture (First Merchants Corp)

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Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Debentures to be prepaid redeemed at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as represented by a Global Debenture, the Depositary Depository Institution shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary Depository Institution participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon10:00 a.m., New York City time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York City time, on the date of such prepayment price is to be paidredemption.

Appears in 2 contracts

Samples: Supplemental Indenture (Colonial Capital Trust Iv), Indenture (Colonial Capital Trust Iii)

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1301, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York time, on the date such prepayment price Redemption Price is to be paid.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Dte Energy Co), Dte Energy Co

Redemption Procedures. Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, on and after the redemption date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1, the Debentures will be redeemed pro rata or by lot or by any other method utilized selected by the Trustee; provided, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Price by 10:00 a.m., New York time, on the date such prepayment price is to be paid.

Appears in 1 contract

Samples: Registration Rights Agreement (Santander Bancorp)

Redemption Procedures. Notice of any redemption will be mailed transmitted at least 30 days but not more than 60 days before the redemption date Redemption Date to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment priceRedemption Price, on and after the redemption date Redemption Date interest shall cease to accrue on such Debentures called for redemption. If the Debentures are only partially redeemed pursuant to Section 3.1301, the Debentures will be redeemed pro rata or by lot or by any other method utilized by the Trustee; providedprovided that if, that if at the time of redemption redemption, the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Depositary participant to be redeemed. The Prepayment Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit with the Trustee an amount sufficient to pay the Prepayment Redemption Price by 10:00 a.m., New York time, on the date such prepayment price Redemption Price is to be paid.

Appears in 1 contract

Samples: Dte Energy Co

Redemption Procedures. Notice of any redemption will be mailed at least 30 days days, but not more than 60 days days, before the redemption date specified therein to each Holder of Debentures to be prepaid at its registered address. Unless the Company defaults in payment of the prepayment price, on and after the redemption date interest shall cease to accrue on such Debentures as are called for redemption. If the Debentures are redeemed only partially redeemed in part pursuant to Section 3.1, the Debentures will be redeemed pro rata or rata, by lot or by any other method utilized selected by the Trustee; providedprovided that, that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary Depository Institution shall determine, in accordance with its customary procedures, the principal amount of such Debentures held by each Depositary Depository Institution participant to be redeemed. The Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment redemption or at such earlier time as the Company determines; provided that the Company shall deposit have deposited with the Trustee an amount sufficient to pay the Prepayment Price by 10:00 a.m., New York prior to such time, on the date such prepayment price is to be paid.

Appears in 1 contract

Samples: Indenture (Potomac Electric Power Co)

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