Shortening or Extension of Stated Maturity. If specified as contemplated by Section 2.1 or Section 3.1 with respect to the Securities of a particular series, the Company shall have the right to (i) shorten the Stated Maturity of the principal of the Securities of such series at any time to any date and (ii) extend the Stated Maturity of the principal of the Securities of such series at any time at its election for one or more periods, provided that, if the Company elects to shorten the Stated Maturity of the principal of the Securities of such series, pursuant to clause (i) above, the Company shall give notice to the Holders, the Trustee and, in the case of Securities of a series issued to an Issuer Trust, the Issuer Trust of such shortening no less than 90 days prior to the effectiveness thereof, and provided further that, if the Company elects to exercise its right to extend the Stated Maturity of the principal of the Securities of such series pursuant to clause (ii) above, at the time such election is made and at the time of extension, such conditions as may be specified in such Securities shall have been satisfied.
Appears in 3 contracts
Samples: First Empire Capital Trust Ii, Aici Capital Trust, Aici Capital Trust
