Notice of Redemption Clause Example from Business Contracts

Notice of Redemption. Notice of redemption will be given at least 45 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed. If given in the manner provided for in Section 3.03 of the Indenture, the notice of optional redemption shall be conclusively presumed to have been Ex. 1 to App. - 5 given whether or not a Holder receives such notice. Failure to give timely notice or any defect in the notice shall not affect the validity of the redemption. Notes in denominations ...larger than $2,000 may be redeemed in part but only in whole multiples of $1,000 in excess of $2,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date interest and Additional Interest, if any, cease to accrue on Notes or portions thereof called for redemption. View More