Common use of Xxxxxxxx Xxxxxxxxxx Clause in Contracts

Xxxxxxxx Xxxxxxxxxx. (x) The Company may redeem the Securities at any time on or after ______________, ____, in whole or in part, at the following redemption prices (expressed as a percentage of their principal amount) together with interest accrued and unpaid to the date fixed for redemption: If redeemed during the twelve-month period commencing on ___________ and ending on ___________ in each of the following years Percentage [Insert provisions relating to redemption at option of Holders, if any] Selection of the Securities or portions thereof for redemption pursuant to the foregoing shall be made by the Trustee only on a pro rata basis or on as nearly a pro rate basis as is practicable (subject to the procedures of The Depository Trust Company), unless such method is otherwise prohibited. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address of such Holder. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at the registered address of such Holder. Securities in denominations larger than ---------- (a) If applicable. B-3 $1,000 may be redeemed in part. On and after the redemption dates interest ceases to accrue on the Securities or portions thereof called for redemption, provided that if the Company shall default in the payment of such Security at the redemption price together with accrued interest, interest shall continue to accrue at the rate borne by the Securities.

Appears in 1 contract

Samples: Indenture (Horton D R Inc /De/)

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Xxxxxxxx Xxxxxxxxxx. (x) The Company may redeem the Securities at any time on or after ______________, ____, in whole or in part, at the following redemption prices (expressed as a percentage of their principal amount) together with interest accrued and unpaid to the date fixed for redemption: If redeemed during the twelve-month period commencing on ___________ and ending on ___________ in each of the following years Percentage [Insert provisions relating to redemption at option of Holders, if any] Selection of the Securities or portions thereof for redemption pursuant to the foregoing shall be made by the Trustee only on a pro rata basis or on as nearly a pro rate rata basis as is practicable (subject to the procedures of The Depository Trust Company), unless such method is otherwise prohibited. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address of such Holder. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at the registered address of such Holder. Securities in denominations larger than ---------- (a) If applicable. B-3 $1,000 may be redeemed in part. On and after the redemption dates interest ceases to accrue on the Securities or portions thereof called for redemption, provided that if the Company shall ---------- (a) If applicable. default in the payment of such Security Securities at the redemption price together with accrued interest, interest shall continue to accrue at the rate borne by the Securities.

Appears in 1 contract

Samples: Indenture (Horton D R Inc /De/)

Xxxxxxxx Xxxxxxxxxx. (x) The Securities will be subject to redemption at the option of the Company may redeem on any date prior to the Securities at any time on or after ______________, ____maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the following redemption prices (expressed as a percentage of their principal amount) together with interest accrued and unpaid minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption: If redeemed during redemption in such notice (the twelve-month period commencing on ___________ and ending on ___________ in each "Redemption Date"), at a redemption price equal to the greater of (i) 100% of the following years Percentage [Insert provisions relating to redemption at option of Holders, if any] Selection of the Securities or portions thereof for redemption pursuant to the foregoing shall be made by the Trustee only on a pro rata basis or on as nearly a pro rate basis as is practicable (subject to the procedures of The Depository Trust Company), unless such method is otherwise prohibited. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address principal amount of such Holder. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the registered address Treasury Rate plus 30 basis points (such greater amount is referred to herein as the "Redemption Price"), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest thereon to the Redemption Date. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Holder. Securities in denominations larger than ---------- (a) If applicable. B-3 $1,000 may be redeemed in part. On or portions of Securities shall cease to accrue on and after the redemption dates interest ceases to accrue on the Securities or portions thereof called for redemptionRedemption Date, provided that if unless the Company shall default in the payment of such Security at the redemption price together and accrued interest with accrued interest, interest respect to any such Security or portion thereof. The Company shall continue not be required to accrue at the rate borne by make mandatory redemption or sinking fund payments with respect to the Securities.

Appears in 1 contract

Samples: Computer Sciences Corp

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Xxxxxxxx Xxxxxxxxxx. (x) The Securities will be subject to redemption at the option of the Company may redeem on any date prior to the Securities at any time on or after ______________, ____maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount -------- thereof shall be at least the following redemption prices (expressed as a percentage of their principal amount) together with interest accrued and unpaid minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption: If redeemed during redemption in such notice (the twelve-month period commencing on ___________ and ending on ___________ in each "Redemption Date"), at a redemption price equal to the greater of (i) 100% of the following years Percentage [Insert provisions relating to redemption at option of Holders, if any] Selection of the Securities or portions thereof for redemption pursuant to the foregoing shall be made by the Trustee only on a pro rata basis or on as nearly a pro rate basis as is practicable (subject to the procedures of The Depository Trust Company), unless such method is otherwise prohibited. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address principal amount of such Holder. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the registered address Treasury Rate plus 25 basis points (such greater amount is referred to herein as the "Redemption Price"), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest thereon to the Redemption Date. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Holder. Securities in denominations larger than ---------- (a) If applicable. B-3 $1,000 may be redeemed in part. On or portions of Securities shall cease to accrue on and after the redemption dates interest ceases to accrue on the Securities or portions thereof called for redemptionRedemption Date, provided that if unless the Company shall default in the payment of such Security at the redemption price together and accrued interest with accrued interest, interest respect to any such Security or portion thereof. The Company shall continue not be required to accrue at the rate borne by make mandatory redemption or sinking fund payments with respect to the Securities.

Appears in 1 contract

Samples: Computer Sciences Corp

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