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

Selection of Debentures to be Redeemed. If less than all the Debentures of any Maturity are to be redeemed, the Registrar shall select the Debentures to be redeemed by such method as the Registrar shall deem fair and appropriate or if the Debentures are listed on a national securities exchange, in accordance with the rules of such exchange. The Registrar shall make the selection from Debentures outstanding and not previously called for redemption. 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 (Intervest Corporation of New York), Article Eight (Intervest Corporation of New York), Indenture (Intervest Bancshares Corp)

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Selection of Debentures to be Redeemed. If less than all -------------------------------------- the Debentures of any Maturity are to be redeemed, the Registrar shall select the Debentures to be redeemed by such method as the Registrar shall deem fair and appropriate or if the Debentures are listed on a national securities exchange, in accordance with the rules of such exchange. The Registrar shall make the selection from Debentures outstanding and not previously called for redemption. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 2 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Intervest Corporation of New York)

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