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

Selection of Debentures to be Redeemed. If fewer than all the Debentures are to be redeemed, the Trustee shall select the Debentures to be redeemed pro rata or by lot or by a method that complies with applicable legal and securities exchange requirements, if any, and that the Trustee considers fair and appropriate and in accordance with methods generally used at the time of selection by fiduciaries in similar circumstances. The Trustee shall make the selection from outstanding Debentures not previously called for redemption. The Trustee may select for redemption portions of the principal of Debentures that have denominations larger than $1,000. Debentures and portions of them the Trustee selects shall be in amounts of $1,000 or a whole multiple 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 redeemed.

Appears in 2 contracts

Samples: Indenture (Petroleum Heat & Power Co Inc), Indenture (Petroleum Heat & Power Co Inc)

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Selection of Debentures to be Redeemed. If fewer less than all the Debentures are to be redeemed, subject to any conditions at redemption imposed by the FRB, the Trustee shall select the Debentures to be redeemed pro rata or by lot or by a method that complies with applicable legal and securities exchange the requirements, if any, of any stock exchange on which the Debentures are listed and that the Trustee considers fair and appropriate and in accordance with methods generally used at the time of appropriate, which may include selection pro rata or by fiduciaries in similar circumstanceslot. The Trustee shall make the selection from Debentures outstanding Debentures not previously called for redemption. The Trustee may select for redemption portions of the principal Principal of Debentures that have denominations larger than $1,00010,000.00. Debentures and portions of them thereof selected by the Trustee selects shall be in amounts of $1,000 10,000.00 or a whole multiple integral multiples of $1,00010,000.00. 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 redeemed.

Appears in 2 contracts

Samples: Indenture (German American Bancorp, Inc.), Indenture (German American Bancorp, Inc.)

Selection of Debentures to be Redeemed. If fewer than all the Debentures are to be redeemed, the Trustee shall select the Debentures to be redeemed pro rata or by lot or by a method that complies with applicable legal and securities exchange requirements, if any, and that the Trustee considers fair and appropriate and in accordance with methods generally used at as the time of selection by fiduciaries in similar circumstances. The Trustee shall make the selection from outstanding Debentures not previously called for redemption. The Trustee may select for redemption portions of the principal of Debentures that have denominations larger than $1,000. Debentures and portions of them the Trustee selects shall be in amounts of $1,000 or a whole multiple 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 redeemed.

Appears in 1 contract

Samples: Petroleum Heat & Power Co Inc

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Selection of Debentures to be Redeemed. If fewer less than all the Debentures are to be redeemed, the Trustee shall select the Debentures to be redeemed in compliance with the requirements of the principal national securities exchange, if any, on which the Debentures are listed, or, if the Debentures are not so listed, pro rata or rata, by lot or by a such method that complies with applicable legal and securities exchange requirements, if any, and that as the Trustee considers deems to be fair and appropriate and in accordance with methods generally used at the time of selection by fiduciaries in similar circumstancesreasonable. The Trustee shall make promptly notify the selection from outstanding Company in writing of the Debentures not previously called for redemption. The Trustee may select selected for redemption portions and, in the case of any Debenture selected for partial redemption, the principal of Debentures that have denominations larger than $1,000amount thereof to be redeemed. Debentures and portions of them the Trustee selects Debentures selected shall be in amounts of $1,000 or a whole multiple 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 redeemed.

Appears in 1 contract

Samples: American Restaurant Group Inc

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