Print Page  Close Window

SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
Entire Document
 
<PAGE>

                                                                              46

             If less than all of the Senior Discount Notes are to be redeemed or
purchased in an offer to purchase at any time, the Trustee shall select the
Senior Discount Notes to be redeemed or purchased among the Holders of the
Senior Discount Notes in compliance with the requirements of the principal
national securities exchange, if any, on which the Senior Discount Notes are
listed or, if the Senior Discount Notes are not so listed, on a pro rata basis,
by lot or in accordance with any other customary method.  In the event of
partial redemption by lot, the particular Senior Discount Notes to be redeemed
shall be selected, unless otherwise provided herein, not less than 30 nor more
than 60 days prior to the redemption date by the Trustee from the outstanding
Senior Discount Notes not previously called for redemption.

             The Trustee shall promptly notify the Issuers of the Senior
Discount Notes selected for redemption and, in the case of any Senior Discount
Note selected for partial redemption, the principal amount thereof to be
redeemed. Senior Discount Notes and portions of Senior Discount Notes selected
shall be in amounts of $1,000 or whole multiples of $1,000; except that if all
of the Senior Discount Notes of a Holder are to be redeemed, the entire
outstanding amount of Senior Discount Notes held by such Holder, even if not a
multiple of $1,000, shall be redeemed. Except as provided in the preceding
sentence, provisions of this Indenture that apply to Senior Discount Notes
called for redemption also apply to portions of Senior Discount Notes called for
redemption.

SECTION 3.3  NOTICE OF REDEMPTION.

             Subject to the provisions of Section 3.9 hereof, at least 30 days
but not more than 60 days before a redemption date, the Issuers shall mail or
cause to be mailed, by first class mail, a notice of redemption to each Holder
whose Senior Discount Notes are to be redeemed at its registered address.

             The notice shall identify the Senior Discount Notes to be redeemed
and shall state:

             (a) the redemption date;

             (b) the redemption price;

             (c) if any Senior Discount Note is being redeemed in part, the
portion of the principal amount of such Senior Discount Note to be redeemed and
that, after the redemption date upon surrender of such Senior Discount Note, a
new Senior Discount Note or Senior Discount Notes in principal amount equal to
the unredeemed portion shall be issued upon cancellation of the original Senior
Discount Note;

             (d) the name and address of the Paying Agent;

             (e) that Senior Discount Notes called for redemption must be
surrendered to the Paying Agent to collect the redemption price;