Common use of Selection of Debt Securities to be Redeemed Clause in Contracts

Selection of Debt Securities to be Redeemed. If less than all the Debt Securities of any series are to be redeemed (unless all of the Debt Securities of such series of a specified tenor are to be redeemed), the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereof) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Securities of such series. The Trustee shall promptly notify the Partnership and the Registrar in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemed.

Appears in 3 contracts

Samples: Energy Transfer LP, Energy Transfer Partners, L.P., Energy Transfer Partners, L.P.

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Selection of Debt Securities to be Redeemed. If less than all of the Debt Securities of any like tenor and terms of a series are to be redeemed (other than pursuant to mandatory sinking fund redemptions) at any time, unless all otherwise permitted by the terms of a resolution of the Board of Directors and set forth in an Officers’ Certificate, or any supplement to the Indenture in respect of such Debt Securities of such series of a specified tenor are to be redeemed)or required by law or applicable stock exchange or Depositary requirements, the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to Trustees will select, on a pro rata basis (or, in the Redemption Date case of Global Securities, based on the method as the Depositary or its nominee or successor may require or, where such nominee or successor is a Trustee, a method that most nearly approximates pro rata selection unless otherwise required by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro ratalaw), by lot or by such other method as the Trustee in its sole discretion it shall deem fair and appropriate and that may provide for fair, the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereofportions thereof (in multiples of $1,000) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Securities of such seriesto be redeemed. The Trustee Trustees shall promptly notify the Partnership and the Registrar Company in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes In the event of partial redemption, the particular Debt Securities to be redeemed will be selected, unless otherwise provided herein, not less than 15 nor more than 60 days prior to the redemption date by the Trustees from the outstanding Debt Securities not previously called for redemption. Provisions of this Indenture, unless the context otherwise requires, all provisions relating Indenture that apply to Debt Securities called for redemption also apply to portions of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemedcalled for redemption.

Appears in 2 contracts

Samples: Indenture (Dirtt Environmental Solutions LTD), Dirtt Environmental Solutions LTD

Selection of Debt Securities to be Redeemed. If less than all the Debt Securities of any series are to be redeemed (unless all of the Debt Securities of such series of a specified tenor are to be redeemed), the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate (when the Debt Securities are in the form of Global Securities, in accordance with the procedures of the Depositary) and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereof) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Securities of such series. The Trustee shall promptly notify the Partnership and the Registrar in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemed.

Appears in 1 contract

Samples: Indenture (Energy Transfer Partners, L.P.)

Selection of Debt Securities to be Redeemed. If less than all the Debt Securities of any series are to be redeemed (unless all of the Debt Securities of such series of a specified tenor are to be redeemed), the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate (but beneficial interests in Global Debt Securities will be selected in accordance with the applicable rules of the Depositary) and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereof) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Debt Securities of such series. The Trustee shall promptly notify the Partnership Issuer and the Registrar in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemed.

Appears in 1 contract

Samples: Kinetik Holdings LP

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Selection of Debt Securities to be Redeemed. If less than all the Debt Securities of any series are to be redeemed (unless all of the Debt Securities of such series of a specified tenor are to be redeemed), the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate appropriate, and, when the Debt Securities are in the form of Global Securities, in accordance with the applicable procedures of the Depository Trust Company, and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereof) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Securities of such series. The Trustee shall promptly notify the Partnership and the Registrar in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemed.

Appears in 1 contract

Samples: Indenture (Energy Transfer LP)

Selection of Debt Securities to be Redeemed. If less than all the Debt Securities of any series are to be redeemed (unless all of the Debt Securities of such series of a specified tenor are to be redeemed), the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the outstanding Debt Securities of such series (and tenor) not previously called for redemption, either pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate (but beneficial interests in Global Debt Securities will be selected in accordance with the applicable rules of the Depositary) and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of that series or any integral multiple thereof) of the principal amount of Debt Securities of such series of a denomination larger than the minimum authorized denomination for Debt Securities of that series or of the principal amount of Global Debt Securities of such series. The Trustee shall promptly notify the Partnership Issuer and the Registrar in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. For purposes of this Indenture, unless the context otherwise requires, all provisions relating to redemption of Debt Securities shall relate, in the case of any of the Debt Securities redeemed or to be redeemed only in part, to the portion of the principal amount thereof which has been or is to be redeemed.

Appears in 1 contract

Samples: Indenture (Targa Resources Corp.)

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