Common use of Selection of Debentures to be Redeemed Clause in Contracts

Selection of Debentures to be Redeemed. If less than all the outstanding Debentures of a series are to be redeemed at any time, the Trustee shall select the Debentures of such series to be redeemed by lot or by any other method the Trustee considers fair and appropriate. Such method of redemption shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Debentures are listed. The Trustee shall make the selection at least 30 but not more than 60 days before the Redemption Date from outstanding Debentures of such series not previously called for redemption. The Trustee shall notify the Company promptly in writing of the Debentures or portions of Debentures to be redeemed and, in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemed. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 5 contracts

Samples: Indenture (Anthem Inc), Indenture (Metlife Capital Trust I), Metlife Capital Trust I

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Selection of Debentures to be Redeemed. If fewer than all the Debentures are to be redeemed, the Company shall select the Debentures to be redeemed by interest rate or maturity, and so inform the Trustee by Officers' Certificate, subject to the remainder of this section. If less than all the outstanding Debentures of a series grouping of Debentures, as specified by Officers' Certificate, are to be redeemed at any timeredeemed, the portion thereof selected for redemption shall be determined ratably or by lot. If fewer than all of such grouping of Debentures as specified by Officers' Certificate are to be redeemed, the Trustee shall select the Debentures of such series to be redeemed by lot or by any other method the Trustee considers fair and appropriate. Such method of redemption shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Debentures are listed. The Trustee shall then make the selection at least 30 but not more than 60 50 days before the Redemption Date redemption date, from Debentures outstanding Debentures of such series not previously called for redemption. The Trustee shall notify the Company promptly in writing may select for redemption portions of the Debentures or portions principal of Debentures to be redeemed and, in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemedthat have denominations greater than $1,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be called for redemption.

Appears in 3 contracts

Samples: Indenture (Enstar Inc), Indenture (Enstar Inc), Enstar Inc

Selection of Debentures to be Redeemed. If less than all the outstanding Debentures of a series are to be redeemed at any timeredeemed, the Trustee shall select the Debentures of such series to be redeemed by lot or by any other method the Trustee considers fair and appropriate. Such method of redemption shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Debentures are quoted or listed or, if the Debentures are not listed, on a pro rata basis, by lot or by such other method that complies with applicable legal requirements and that the Trustee considers fair and appropriate. The Trustee shall make the selection at least 30 but not more than 60 days and not less than 30 days before the Redemption Date redemption date from Debentures outstanding Debentures of such series and not previously called for redemption. The Trustee shall notify the Company promptly in writing of the Debentures or may select for redemption portions of Debentures to be redeemed and, in the case of any Debentures selected for partial redemption, the principal amount thereof to of Debentures that have denominations larger than $1,000. Debentures and portions of them it selects shall be redeemedin amounts of $1,000 or integral multiples of $1,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be called for redemption.

Appears in 1 contract

Samples: Diagnostic Retrieval Systems Inc

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Selection of Debentures to be Redeemed. If less than all of the outstanding Debentures of a series are to be redeemed at any time, the Trustee shall select the Debentures of such series to be redeemed by lot or by any other method the Trustee considers fair and appropriate. Such method of redemption shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Debentures are listedlisted or if the Debentures are not listed on a national securities exchange, by lot or by such other method as the Trustee in its sole discretion shall deem to be fair and appropriate; provided that no Debentures of DM 1,000 in principal amount or less shall be redeemed in part. The Trustee shall make the selection at least 30 but not more than 60 days before from the Redemption Date from Debentures outstanding Debentures of such series and not previously called for redemption. Debentures in denominations of DM 1,000 in principal amount may only be redeemed in whole. The Trustee shall notify the Company promptly may select for redemption portions (equal to DM 1,000 in writing of the Debentures principal amount or portions any integral multiple thereof) of Debentures to be redeemed and, that have denominations larger than DM 1,000 in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemedamount. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company and the Registrar promptly in writing of the Debentures or portions of Debentures to be called for redemption.

Appears in 1 contract

Samples: Viatel Inc

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