Neiman Marcus 2003 Annual Report Download - page 161

(7) that the redemption is on account of a sinking or purchase fund, or other analogous obligation, if that be
the case; and
(8) that, if less than the entire principal amount of any security is being redeemed, a replacement security for
the remaining principal balance shall be issued to the Holder.
Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the
Company's request, by the Trustee in the name and at the expense of the Company.
Section 11.15. Deposit of Redemption Price. On or prior to 10:00 a.m., New York City time, on any Redemption Date, the
Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and
hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of all the Securities which are to
be redeemed on that date; provided that such amount shall be so deposited with the Trustee or Paying Agent in time for the Trustee or
Paying Agent, as the case may be, to pay such Redemption Price in accordance with its normal procedures.
Section 11.16. Securities Payable on Redemption Date. Notice of Redemption having been given as aforesaid, the Securities
so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and
after such date (unless the Company shall default in the payment of the Redemption Price) such Securities shall cease to bear interest.
Upon surrender of such Securities for redemption in accordance with the notice, such Securities shall be paid by the Company at the
Redemption Price. Unless otherwise provided with respect to such Securities pursuant to Section 301, installments of interest the
Stated Maturity of which is on or prior to the Redemption Date shall be payable to the Holders of such securities registered as such on
the relevant Regular Record Dates according to their terms and the provisions of Section 307.
If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until
paid, bear interest from the Redemption Date at the rate borne by the Security, or as otherwise provided in such Security.
Section 11.17. Securities Redeemed in Part. Any Security which is to be redeemed only in part shall be surrendered at the
office or agency of the Company in the Place of Payment with respect to that series (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and make
available for delivery to the Holder of such Security without service charge, a new Security or Securities of the same series and Stated
Maturity and of like tenor and terms, of any authorized denomination as requested by such Holder in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Security so surrendered.
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