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 particular Debentures to be redeemed from the Outstanding Debentures by a method that complies with the requirements of any exchange on which the Debentures are listed, or, if the Debentures are not listed on an exchange, on a pro rata basis or by lot or in accordance with any other method the Trustee considers fair and appropriate. The Trustee may select for redemption portions of the principal amount of Debentures that have denominations larger than $1,000. Debentures and portions thereof that the Trustee selects shall be in principal amounts in integral multiples of $1,000. Provisions of this Indenture that apply to Securities 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. The Trustee shall promptly notify the Company and the Registrar in writing of the Debentures selected for redemption and, in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemed. If any Debenture selected for partial redemption is converted or elected to be purchased in part before termination of the conversion right or repurchase right with respect to the portion of the Debenture so selected, the converted or purchased portion of such Debenture shall be deemed to be the portion selected for redemption; provided, however, that the Holder of such Debenture so converted or purchased and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion or purchase of such Debenture subject to Section 2.1(f). Debentures which have been converted or purchased during a selection of Debentures to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selection. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debentures shall relate, in the case of any 57 Debenture redeemed or to be redeemed only in part, to the portion of the principal amount of such Debenture which has been or is to be redeemed.

Appears in 1 contract

Samples: Apogent Technologies Inc

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Selection of Debentures to be Redeemed. If fewer than all of the Debentures are to be redeemed, selection of the Trustee shall select the particular Debentures to be redeemed from will be made by the Outstanding Debentures by a method that complies Trustee in compliance with the requirements of any exchange the principal national securities exchange, if any, on which the Debentures are listed, listed or, if the Debentures are not then listed on an a national securities exchange, on a pro rata basis or basis, by lot or in accordance such other fair and reasonable manner chosen at the discretion of the Trustee; provided, however, that if a partial redemption is made with any other method the proceeds of a Public Equity Offering, selection of the Debentures or portion thereof for redemption shall be made by the Trustee considers fair and appropriateonly on a pro rata basis or on as nearly a pro rata basis as practicable (subject to the Depository's procedures), unless such method is otherwise prohibited. The Company shall promptly notify the Trustee may select for redemption portions and the Paying Agent in writing of the date of listing and the name of the securities exchange if and when the Debentures are listed on a principal amount of Debentures that have denominations larger than $1,000. Debentures and portions thereof that the Trustee selects shall be in principal amounts in integral multiples of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Debentures called for redemptionnational securities exchange. The Trustee shall notify make the Company promptly of selection from the Debentures or portions of Debentures to be redeemed. The Trustee outstanding and not previously called for redemption and shall promptly notify the Company and the Registrar in writing of the Debentures selected for redemption and, in the case of any Debentures Debenture selected for partial redemption, the principal amount thereof to be redeemed. If any Debenture selected for partial redemption is converted Debentures in denominations of $1,000 or elected to be purchased in part before termination of the conversion right or repurchase right with respect to the portion of the Debenture so selected, the converted or purchased portion of such Debenture shall be deemed to be the portion selected for redemption; provided, however, that the Holder of such Debenture so converted or purchased and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion or purchase of such Debenture subject to Section 2.1(f). Debentures which have been converted or purchased during a selection of Debentures to be redeemed less may be treated by the Trustee as Outstanding for the purpose of such selection. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debentures shall relate, in the case of any 57 Debenture redeemed or to be redeemed only in part, whole. The Trustee may select for redemption portions (equal to the portion $1,000 or any integral multiple thereof) of the principal amount of such Debenture which Debentures that have denominations larger than $1,000. Provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. On and after the date of redemption, interest will cease to accrue on the Debentures or portions thereof called for redemption as long as the Company has been or is deposited with the Paying Agent funds in satisfaction of the applicable redemption price pursuant to be redeemedthis Indenture.

Appears in 1 contract

Samples: MTL Inc

Selection of Debentures to be Redeemed. If fewer less than all of the Debentures are to be redeemed, the Trustee shall select the particular Debentures to be redeemed from among the Outstanding Debentures by a method that complies with the requirements Holders of any exchange on which the Debentures are listed, or, if the Debentures are not listed on an exchange, on a pro rata basis or by lot or in accordance with any other a method the Trustee considers fair and appropriateappropriate (and in such manner as complies with applicable legal and stock exchange requirements, if any). The Trustee may select for In the event of partial redemption portions of by lot, the principal amount of particular Debentures that have denominations larger to be redeemed shall be selected, unless otherwise provided herein, not less than $1,000. Debentures and portions thereof that thirty (30) nor more than sixty (60) days prior to the redemption date by the Trustee selects shall be in principal amounts in integral multiples of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of from the outstanding Debentures not previously called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be redeemed. The Trustee shall promptly notify the Company and the Registrar in writing of the Debentures selected for redemption and, in the case of any Debentures Debenture selected for partial redemption, the principal amount thereof to be redeemed. If any Debenture Debentures and portions of them selected for partial redemption is converted shall be in amounts of $1,000 or elected whole multiples of $1,000; except that if all of the Debentures of a Holder are to be purchased redeemed, the entire outstanding amount of Debentures held by such Holder shall be redeemed. Except as provided in part before termination the preceding sentence, provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption. The provisions of the conversion right or repurchase right two preceding paragraphs of this Section 12.4 shall not apply with respect to the portion of the any redemption affecting only a Global Debenture, whether such Global Debenture so selected, the converted or purchased portion of such Debenture shall be deemed to be the portion selected for redemption; provided, however, that the Holder of such Debenture so converted or purchased and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion or purchase of such Debenture subject to Section 2.1(f). Debentures which have been converted or purchased during a selection of Debentures is to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selectionin whole or in part. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debentures shall relate, in the In case of any 57 Debenture redeemed or to be redeemed only such redemption in part, to the unredeemed portion of the principal amount of such the Global Debenture which has been or is to shall be redeemedin an authorized denomination.

Appears in 1 contract

Samples: Indenture (Bankatlantic Bancorp Inc)

Selection of Debentures to be Redeemed. If fewer than all the Debentures are to be redeemed, the Trustee shall select the particular Debentures to be redeemed from the Outstanding Debentures by a method that complies with the requirements of any exchange on which the Debentures are listed, or, if the Debentures are not listed on an exchange, on a pro rata basis or by lot or in accordance with any other method the Trustee considers fair and appropriate. The Trustee may select for redemption portions of the principal amount of Debentures that have denominations larger than $1,000. Debentures and portions thereof that the Trustee selects shall be in principal amounts equal to the minimum authorized denominations for Debentures to be redeemed or any integral multiple thereof. If any Debenture selected for partial redemption is converted in integral multiples part before termination of $1,000. Provisions of this Indenture that apply the conversion right with respect to Securities called for redemption also apply to portions of Debentures called for redemption. The Trustee shall notify the Company promptly portion of the Debentures or portions so selected, the converted portion of such Debenture shall be deemed to be the portion selected for redemption (provided, however, that the Holder of such Debenture so converted and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion of such Debenture). Debentures which have been converted during a selection of Debentures to be redeemedredeemed may be treated by the Trustee as Outstanding for the purpose of such selection. The Trustee shall promptly notify the Company and the Registrar in writing of the Debentures selected for redemption and, in the case of any Debentures selected for partial redemption, the principal amount thereof to be redeemed. If any Debenture selected for partial redemption is converted or elected to be purchased in part before termination of the conversion right or repurchase right with respect to the portion of the Debenture so selected, the converted or purchased portion of such Debenture shall be deemed to be the portion selected for redemption; provided, however, that the Holder of such Debenture so converted or purchased and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion or purchase of such Debenture subject to Section 2.1(f). Debentures which have been converted or purchased during a selection of Debentures to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selection. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debentures shall relate, in the case of any 57 Debenture Debentures redeemed or to be redeemed only in part, to the portion of the principal amount of such Debenture Debentures which has been or is to be redeemed.

Appears in 1 contract

Samples: Resale Registration Rights Agreement (Primus Telecommunications Group Inc)

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Selection of Debentures to be Redeemed. If fewer less than all of the Debentures are to be redeemedredeemed or purchased in an offer to purchase at any time, the Trustee shall select the particular Debentures to be redeemed from or purchased among the Outstanding Holders of the Debentures by a method that complies in compliance with the requirements of any exchange the principal national securities exchange, if any, on which the Debentures are listed, listed or, if the Debentures are not listed on an exchangeso listed, on a pro rata basis or PRO RATA basis, by lot or in accordance with any other method the Trustee considers fair and appropriate. The Trustee may select for In the event of partial redemption portions of by lot, the principal amount of particular Debentures that have denominations larger to be redeemed shall be selected, unless otherwise provided herein, not less than $1,000. Debentures and portions thereof that 30 nor more than 60 days prior to the redemption date by the Trustee selects shall be in principal amounts in integral multiples of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of from the outstanding Debentures not previously called for redemption. The Trustee shall notify the Company promptly of the Debentures or portions of Debentures to be redeemed. The Trustee shall promptly notify the Company and the Registrar Issuers in writing of the Debentures selected for redemption and, in the case of any Debentures Debenture selected for partial redemption, the principal amount thereof to be redeemed. If any Debenture Debentures and portions of Debentures selected for partial redemption is converted shall be in amounts of $1,000 or elected to be purchased in part before termination whole multiples of $1,000; except that if all of the conversion right or repurchase right with respect to the portion Debentures of the Debenture so selected, the converted or purchased portion of such Debenture shall be deemed to be the portion selected for redemption; provided, however, that the a Holder of such Debenture so converted or purchased and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion or purchase of such Debenture subject to Section 2.1(f). Debentures which have been converted or purchased during a selection of Debentures to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selection. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debentures shall relate, in the case of any 57 Debenture redeemed or to be redeemed only in part, to the portion of the principal amount of such Debenture which has been or is are to be redeemed, the entire outstanding amount of Debentures held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Debentures called for redemption also apply to portions of Debentures called for redemption.

Appears in 1 contract

Samples: Grove Investors Capital Inc

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