Common use of Deposit of Redemption Amount Clause in Contracts

Deposit of Redemption Amount. Prior to the Redemption Date, the Company shall deposit with the Paying Agent money sufficient to pay the Redemption Price on the Notes on that date. Such moneys shall be segregated by the Paying Agent for the purpose of application to such redemption on the Redemption Date. If such deposit shall be made, the amount payable on the Notes shall be limited to the Redemption Price therefor, without any premium or penalty, and no interest shall accrue on the Notes to be redeemed or the Redemption Price thereof for any period after the Redemption Date. ARTICLE FOUR