Common use of Method of Redemption Clause in Contracts

Method of Redemption. Upon receipt of notice from the Issuer or the Administrative Agent under Section 3.10(a) or 3.10(b) hereof, the Trustee shall give Written Notice in respect of any such redemption of any subclass of Securities under Section 3.10(a) or 3.10(b) hereof (a "Redemption") to each Holder of Securities and the Policy Provider, at least 20 days before the Redemption Date for such Redemption. Except in the case of a Refinancing, the Trustee shall not deliver any notice under this Section 3.10(c) unless and until the Trustee shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required to be deposited pursuant to Section 3.10(d) hereof are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c) shall state (i) the applicable Redemption Date, (ii) the Trustee's arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or the Outstanding Principal Balance of each subclass of Securities to be redeemed and accrued and unpaid interest, (iv) in the case of a Redemption of the Securities of any subclass in whole, that Securities of each subclass to be redeemed must be surrendered to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities and (v) in the case of a Redemption of the Securities of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemed, interest on the subclass of Securities called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 2 contracts

Samples: Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD)

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Method of Redemption. Upon receipt of notice from the Issuer The Trustee (or the Administrative Agent under Section 3.10(aServicer acting as its agent (or any authorized agent of the Servicer)) or 3.10(b) hereof, the Trustee shall give Written Notice written notice in respect of any such redemption Redemption of any subclass class of Securities Notes under Section 3.10(a) or 3.10(b) 3.9 hereof (a "Redemption") to each Holder of Securities and the Policy Provider, such Notes at least 20 thirty (30) days but not more than sixty (60) days before the such Redemption Date for such RedemptionDate. Except in the case of a Refinancing, the The Trustee shall not be permitted to deliver any notice under this Section 3.10(c3.10(a) unless and until the Trustee it shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that amounts sufficient to pay (A) the amounts required Redemption Price for such class of Notes plus the Redemption Premium, if any, (B) all accrued and unpaid interest, including Additional Interest, in respect of each class of Notes ranking pari passu therewith or prior thereto and (C) the Transaction Expenses relating to be deposited pursuant to Section 3.10(d) hereof aresuch Redemption are deposited, or will be deposited on or before the Redemption Date beDate, deposited in the Defeasance/Redemption AccountAccount established in respect of such Redemption. Each notice in respect of a Redemption given pursuant to this Section 3.10(c3.10(a) shall state (i) the applicable Redemption Date, (ii) the Trustee's ’s arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or of the Outstanding Principal Balance of each subclass of Securities Notes to be redeemed and accrued and unpaid interestthe Redemption Premium, if any, (iv) in the case of a Redemption of the Securities Notes of any subclass class in wholepart, the portion of the Outstanding Principal Balance of the Notes that Securities of each subclass will be redeemed; (v) that Notes to be redeemed in a Redemption in whole must be surrendered (which action may be taken by any Holder of the Notes or its authorized agent) to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities Notes, and (vvi) in the case of a Redemption of the Securities of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedPrice, interest on the subclass of Securities Notes called for Redemption in whole shall cease to accrue on and after the Redemption Date. If mailed in the manner herein provided, the notice shall be conclusively presumed to have been given whether or not the Holder receives such notice. Failure to give notice or any defect in the notice shall not affect the validity of the notice.

Appears in 2 contracts

Samples: NPS Pharmaceuticals Inc, NPS Pharmaceuticals Inc

Method of Redemption. Upon receipt of notice from the Issuer The Trustee (or the Administrative Agent under Section 3.10(aacting as its agent (or any authorized agent of the Administrative Agent)) or 3.10(b) hereof, the Trustee shall give Written Notice notice in the manner set forth in Section 2.15(e) in respect of any such redemption of any subclass of Securities AerCo Group A-D Notes under Section 3.10(a) or 3.10(b) hereof (a "Redemption") to each Holder of Securities and AerCo Group A-D Notes and, for so long as the Policy ProviderNotes are listed on the Luxembourg Stock Exchange, the Listing Agent, at least 20 days but not more than 60 days before the such Redemption Date for such RedemptionDate. Except in the case of a Refinancing, the The Trustee shall not be permitted to deliver any notice under this Section 3.10(c) unless and until the Trustee it shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required sufficient to be deposited pursuant to Section 3.10(d(A) hereof redeem such subclass(es) of AerCo Group A-D Notes and (B) pay all accrued and unpaid interest in respect of each subclass of AerCo Group A-D Notes ranking pari passu therewith or prior thereto are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c) shall state (i) the applicable Redemption Date, (ii) the Trustee's arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or of the Outstanding Principal Balance of each subclass of Securities AerCo Group A-D Notes to be redeemed and accrued and unpaid interestredeemed, (iv) in the case of a Redemption of the Securities of any subclass in whole, that Securities AerCo Group A-D Notes of each the subclass to be redeemed must be surrendered to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities AerCo Group A-D Notes and (v) in the case of a Redemption of the Securities of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedthereon, interest on the subclass of Securities AerCo Group A-D Notes called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 1 contract

Samples: Indenture (Aerco LTD)

Method of Redemption. Upon receipt of notice from the Issuer or the Administrative Agent Cash Manager under Section 3.10(a3.11(a) or 3.10(b) hereof3.11(b), the Trustee shall give Written Notice in respect of any such redemption of any subclass of Securities Notes under Section 3.10(a3.11(a) or 3.10(b3.11(b) hereof (a "Redemption") to each Holder of Securities the Depositary, the Initial Liquidity Facility Provider and the Policy Provider, at least 20 ten days before the Redemption Date for such Redemption. The Depositary shall forward such Notice of Redemption to DTC or its nominee with any additional instructions applicable to owners of Beneficial Interests. If a Redemption is of less than all of the Notes of any subclass, Notes of such subclass to be redeemed will be repaid pro rata according to the Outstanding Principal Balance of each such subclass, to the extent moneys are available. Except in the case of a Refinancing, the Trustee shall not deliver any notice under this Section 3.10(c3.11(c) unless and until the Trustee shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required to be deposited pursuant to Section 3.10(d3.11(d) hereof are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c3.11(c) shall state (i) the applicable Redemption Date, (ii) the Trustee's ’s arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or the Outstanding Principal Balance of each subclass of Securities Notes to be redeemed and accrued and unpaid interestredeemed, (iv) in the case of a Redemption of the Securities Notes of any subclass in whole, that Securities the Notes of each such subclass to be redeemed in whole must be surrendered to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities Notes and (v) in the case of a Redemption of the Securities Notes of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedthereon, interest on the subclass of Securities Notes called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 1 contract

Samples: Trust Indenture (Babcock & Brown Air LTD)

Method of Redemption. Upon receipt of notice from the Issuer or the Administrative Agent Cash Manager under Section 3.10(a3.11(a) or 3.10(b) hereof3.11(b), the Trustee shall give Written Notice in respect of any such redemption of any subclass of Securities Notes under Section 3.10(a3.11(a) or 3.10(b3.11(b) hereof (a "Redemption") to each Holder of Securities the Depositary and the Policy Provider, at least 20 ten days before the Redemption Date for such Redemption. The Depositary shall forward such Notice of Redemption to DTC or its nominee with any additional instructions applicable to owners of Beneficial Interests. If a Redemption is of less than all of the Notes of any subclass, Notes of such subclass to be redeemed will be repaid pro rata according to the Outstanding Principal Balance of each such subclass, to the extent moneys are available. Except in the case of a Refinancing, the Trustee shall not deliver any notice under this Section 3.10(c3.11(c) unless and until the Trustee shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required to be deposited pursuant to Section 3.10(d3.11(d) hereof are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c3.11(c) shall state (i) the applicable Redemption Date, (ii) the Trustee's ’s arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or the Outstanding Principal Balance of each subclass of Securities Notes to be redeemed and accrued and unpaid interestredeemed, (iv) in the case of a Redemption of the Securities Notes of any subclass in whole, that Securities the Notes of each such subclass to be redeemed in whole must be surrendered to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities Notes and (v) in the case of a Redemption of the Securities Notes of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedthereon, interest on the subclass of Securities Notes called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 1 contract

Samples: Trust Indenture (Genesis Lease LTD)

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Method of Redemption. Upon receipt of notice from the Issuer The Trustee (or the Administrative Agent under Section 3.10(aServicer acting as its agent) or 3.10(b) hereof, the Trustee shall give Written Notice written notice in respect of any such redemption Redemption of any subclass class of Securities Notes under Section 3.10(a) or 3.10(b) 3.08 hereof (a "Redemption") to each Holder of Securities and the Policy Provider, such Notes at least 20 thirty (30) days but not more than sixty (60) days before the such Redemption Date for such Redemption. Except (and within four months after the Termination Date, in the case of a Refinancing, the Termination Redemption). The Trustee shall not be permitted to deliver any notice under this Section 3.10(c3.09(a) unless and until the Trustee it shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence reasonably satisfactory to it that amounts sufficient to pay (A) the amounts required Redemption Price for such class of Notes plus the Redemption Premium, if any, (B) all accrued and unpaid interest, including Additional Interest, in respect of each class of Notes ranking pari passu therewith or prior thereto and (C) the Transaction Expenses relating to be deposited pursuant to Section 3.10(d) hereof aresuch Redemption are deposited, or will be deposited on or before the Redemption Date beDate, deposited in the Defeasance/Redemption AccountAccount established in respect of such Redemption. Each notice in respect of a Redemption given pursuant to this Section 3.10(c3.09(a) shall state (i) the applicable Redemption Date, (ii) the Trustee's arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or of the Outstanding Principal Balance of each subclass of Securities Notes to be redeemed and accrued and unpaid interestthe Redemption Premium, if any, (iv) in the case of a Redemption of the Securities Notes of any subclass class in wholepart, the portion of the Outstanding Principal Balance of the Notes that Securities of each subclass will be redeemed; (v) that Notes to be redeemed in a Redemption in whole must be surrendered (which action may be taken by any Holder of the Notes or its authorized agent) to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities Notes, and (vvi) in the case of a Redemption of the Securities of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedPrice, interest on the subclass of Securities Notes called for Redemption in whole shall cease to accrue on and after the Redemption Date. If mailed in the manner herein provided, the notice shall be conclusively presumed to have been given whether or not the Holder receives such notice. Failure to give notice or any defect in the notice shall not affect the validity of the notice.

Appears in 1 contract

Samples: Indenture (Alkermes Inc)

Method of Redemption. Upon receipt of notice from the Issuer or the Administrative Agent under Section 3.10(a) or 3.10(b) hereof, the Trustee shall give Written Notice in respect of any such redemption of any subclass of Securities under Section 3.10(a) or 3.10(b) hereof (a "Redemption") to each Holder of Securities and the Policy Provider, at least 20 days before the Redemption Date for such Redemption. Except in the case of a Refinancing, the Trustee shall not deliver any notice under this Section 3.10(c) unless and until the Trustee shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required to be deposited pursuant to Section 3.10(d) hereof are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c) shall state (i) the applicable Redemption Date, (ii) the Trustee's ’s arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or the Outstanding Principal Balance of each subclass of Securities to be redeemed and accrued and unpaid interest, (iv) in the case of a Redemption of the Securities of any subclass in whole, that Securities of each subclass to be redeemed must be surrendered to the Trustee to collect the Redemption Price plus accrued and unpaid interest on such Securities and (v) in the case of a Redemption of the Securities of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemed, interest on the subclass of Securities called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 1 contract

Samples: Trust Indenture (Aircastle LTD)

Method of Redemption. Upon receipt of notice from the Issuer or the Administrative Agent under Section 3.10(a3.11(a) or 3.10(b) hereof3.11(b), the Trustee shall give Written Notice in respect of any such redemption of any subclass of Securities Class G Notes under Section 3.10(a3.11(a) or 3.10(b3.11(b) hereof (a "Redemption") to the Depositary (and each Holder of Securities Class E Notes), to each holder of interests in such subclass of Class G Notes (if such holder is an Institutional Accredited Investor) and the Policy ProviderProvider and, for so long as any Notes are admitted to the Official List of the Irish Stock Exchange and to trading on the Alternative Securities Market, to the Listing Agent for delivery on its behalf to the Companies Announcement Office of the Irish Stock Exchange, at least 20 days three Business Days before the Redemption Date for such Redemption. The Depositary shall forward such notice of Redemption to DTC or its nominee with any additional instructions applicable to owners of book-entry interests. If a Redemption is of less than all of the Class G Notes of any subclass, Class G Notes of such subclass to be redeemed will be repaid pro rata according to the Outstanding Principal Balance of each such subclass, to the extent moneys are available. Except in the case of a RefinancingRefinancing or a Redemption (subject to the conditions specified in clause (e) below), the Trustee shall not deliver any notice under this Section 3.10(c3.11(c) unless and until the Trustee shall have received certification that all conditions precedent to such Redemption have been satisfied and evidence satisfactory to it that the amounts required to be deposited pursuant to Section 3.10(d3.11(d) hereof are, or will on or before the Redemption Date be, deposited in the Defeasance/Redemption Account. Each notice in respect of a Redemption given pursuant to this Section 3.10(c3.11(c) shall state (i) the applicable Redemption DateDate and that such Redemption may be revoked or cancelled as provided in clause (e) below, (ii) the Trustee's ’s arrangements for making payments in respect of such Redemption, (iii) the Redemption Price or the Outstanding Principal Balance of each subclass of Securities Class G Notes to be redeemed and accrued and unpaid interestredeemed, (iv) in the case of a Redemption of the Securities Class G Notes of any subclass in whole, that Securities the Class G Notes of each such subclass to be redeemed in whole must be surrendered to the Trustee to collect the Redemption Price (including LIBOR Break Costs, if any) plus accrued and unpaid interest on such Securities Notes and (v) in the case of a Redemption of the Securities Class G Notes of any subclass in whole, that, unless the Issuer defaults in the payment of the Redemption Price and any accrued and unpaid interest on the Securities to be redeemedthereon is not paid, interest on the subclass of Securities Class G Notes called for Redemption shall cease to accrue on and after the Redemption Date.

Appears in 1 contract

Samples: Trust Indenture (AerCap Holdings N.V.)

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