Common use of Payment of Securities Called for Redemption Clause in Contracts

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption in accordance with this Article V, the Securities, or the portions of the Securities, called for redemption in such notice shall, on the date fixed for redemption, become due and payable at the Redemption Price specified in the notice (together with accrued interest, if any, to the date fixed for redemption), and from and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) the Securities or the portions of Securities so called for redemption shall cease to bear interest. Upon surrender of such Securities for redemption in accordance with the redemption notice, said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest to the date fixed for redemption; provided that any payment of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities registered as such on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereof.

Appears in 6 contracts

Samples: Indenture (Southwestern Energy Co), Indenture (A.W. Realty Company, LLC), Indenture (Southwestern Energy Co)

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Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided provided, however, that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 6 contracts

Samples: Winstar Equipment (Winstar Communications Inc), Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject that is on or prior to the terms and provisions of Section 2.05 hereofRedemption Date.

Appears in 6 contracts

Samples: Impsat Fiber Networks Inc, Impsat Fiber Networks Inc, Indenture (Impsat Corp)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption in accordance with this Article Vhas been given as above provided, the Securities, Securities or the portions of the Securities, called for redemption Securities specified in such notice shallshall become due and payable on the date and at the place stated in such notice at the applicable redemption price, on together with interest accrued to but not including the date fixed for redemption, become due and payable at the Redemption Price specified in the notice (together with accrued interest, if any, to the date fixed for redemption), and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and redemption price, together with interest accrued interestto such date) interest on the Securities or the portions of Securities so called for redemption shall cease to bear interestaccrue, except as provided in Section 8.14 and 10.02, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. Upon On presentation and surrender of such Securities for redemption at a place of payment specified in accordance with the redemption said notice, said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Priceredemption price, together with accrued interest to the date fixed for redemption; provided that any payment of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities registered as such on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereof.interest

Appears in 2 contracts

Samples: Grede LLC, Grede LLC

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 2 contracts

Samples: Indenture (Nutritional Sourcing Corp), Security Pledge and Intercreditor Agreement (Nutritional Sourcing Corp)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear interestaccrue interest (or original issue discount). Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company Issuer at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided PROVIDED that any payment installments of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject that is on or prior to the terms and provisions of Section 2.05 hereofRedemption Date.

Appears in 1 contract

Samples: GST Telecommunications Inc

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 1 contract

Samples: Indenture (Kansas City Southern)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereof.Date. 87 82

Appears in 1 contract

Samples: Indenture (Pueblo Xtra International Inc)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal and Accumulated Interest Amount, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject that is on or prior to the terms and provisions of Section 2.05 hereof.Redemption Date. 37

Appears in 1 contract

Samples: GST Telecommunications Inc

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company Holdings shall default in the payment of such Securities at the Redemption Price and accrued interest) , if any, to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company Holdings at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal until paid shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company Issuer at the applicable Redemption Price, together with accrued interest to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities registered as such at the close of business on the relevant Regular Interest Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 1 contract

Samples: Indenture (Vitro Sa De Cv)

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Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the redemption date at the Redemption Price specified in the notice (redemption price stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such redemption date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price redemption price and accrued interest) interest to the redemption date, in which case the principal, until paid, shall bear interest from the redemption date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Priceredemption price, together with accrued interest interest, if any, to the date fixed for redemptionredemption date; provided provided, however, that any payment installments of interest becoming due whose Stated Maturity is on or prior to the redemption date fixed for redemption shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofrecord date.

Appears in 1 contract

Samples: Indenture (Winstar Communications Inc)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the applicable redemption date at the Redemption Price specified in the notice (redemption price stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such redemption date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price redemption price and accrued interest) interest to the redemption date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Priceredemption price, together with accrued interest interest, if any, to the date fixed for redemptionapplicable redemption date; provided PROVIDED, HOWEVER, that any payment of if an Interest Payment Date is on or prior to a redemption date, the accrued interest becoming due payable on the date fixed for redemption such Interest Payment Date shall be payable paid on such Interest Payment Date to the holders Person in whose name the Security is registered at the close of such Securities registered as such business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 1 contract

Samples: Indenture (BMCA Quakertown Inc.)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives ------------------------------------------- notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate.

Appears in 1 contract

Samples: Icg Communications Inc

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company Issuer shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company Issuer at the applicable Redemption Price, together with accrued interest interest, if any, to the date fixed for redemptionRedemption Date; provided PROVIDED that any payment installments of interest becoming due on the date fixed for redemption shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject that is on or prior to the terms and provisions of Section 2.05 hereofRedemption Date.

Appears in 1 contract

Samples: GST Equipment (GST Telecommunications Inc)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (Price, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to but excluding the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest to the date fixed for redemption; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject record date. If any Security with coupons attached thereto is surrendered for redemption and is not accompanied by all appurtenant coupons maturing after the Redemption Date, the surrender of such missing coupon or coupons may be waived by the Company and the Trustee, if there be furnished to the terms and provisions each of Section 2.05 hereofthem such security or indemnity as they may require to save each of them harmless.

Appears in 1 contract

Samples: Indenture (KCS Holdings I, Inc.)

Payment of Securities Called for Redemption. (a) If the Company, or the Trustee on behalf of the Company, gives notice of redemption has been given in accordance with this Article Vthe manner provided above, the Securities, Securities or the portions portion of the Securities, called for redemption Securities specified in such notice shall, on the date fixed for redemption, to be redeemed shall become due and payable on the Redemption Date at the Redemption Price specified in the notice (stated therein, together with accrued interest, if any, interest to the date fixed for redemption)such Redemption Date, and from on and after such date (unless the Company shall default in the payment of such Securities at the Redemption Price and accrued interest) interest to the Redemption Date, in which case the principal, until paid, shall bear interest from the Redemption Date at the rate prescribed in the Securities), such Securities or the portions of Securities so called for redemption shall cease to bear accrue 45 54 interest. Upon surrender of such Securities any Security for redemption in accordance with the redemption noticea notice of redemption, said Securities or the specified portions thereof such Security shall be paid and redeemed by the Company at the applicable Redemption Price, together with accrued interest to the date fixed for redemptionRedemption Date; provided that any payment installments of interest becoming due whose Stated Maturity is on or prior to the date fixed for redemption Redemption Date shall be payable to the holders of such Securities Holders registered as such at the close of business on the relevant Regular Record Date subject to the terms and provisions of Section 2.05 hereofDate. SECTION 3.10.

Appears in 1 contract

Samples: Teekay Shipping Corp

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