Common use of Restrictions on Redemption Clause in Contracts

Restrictions on Redemption. The Company may not redeem any Notes if the principal amount of the Notes has been accelerated under Section 6.03, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). Except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes, the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes, or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been canceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Samples: First Supplemental Indenture (Echo Global Logistics, Inc.)

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Restrictions on Redemption. The Company may not redeem any Notes if the principal amount of the Notes has been accelerated under Section 6.035.03, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). Except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes, the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes, or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been canceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Samples: First Supplemental Indenture (Wabash National Corp /De)

Restrictions on Redemption. The Company may not redeem any Notes on any date if the principal amount of the Notes has been accelerated under Section 6.03in accordance with the terms of the Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). Except The Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes, the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes), or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been canceled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Samples: And (Arbor Realty Trust Inc)

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Restrictions on Redemption. The Notwithstanding anything in this Article 12, no Notes may be redeemed by the Company may not redeem on any Notes date if the principal amount of the Notes has been accelerated under Section 6.03accelerated, and such acceleration has not been rescinded, on or prior to the Redemption Date such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes). Except The Paying Agent will promptly return to the respective Holders thereof any Notes evidenced by Individual Securities held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes, the Paying Agent will promptly return to the respective Holders of the Notes thereof any Physical Notes held by it during the acceleration of the Notes), or any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary shall be deemed to have been canceledcancelled, and, upon such return or cancellation, as the case may be, the Redemption Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Samples: First Supplemental Indenture (Stillwater Mining Co /De/)

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