{"id":41076,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/indenture-notice-of-optional-redemption-cit-group-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"indenture-notice-of-optional-redemption-cit-group-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/indenture-notice-of-optional-redemption-cit-group-inc.html","title":{"rendered":"Indenture – Notice of Optional Redemption – CIT Group Inc."},"content":{"rendered":"

NOTICE OF OPTIONAL REDEMPTION<\/u><\/strong><\/p>\n

March 30, 2011<\/p>\n\n\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
\n

Deutsche Bank Trust Company Americas,<\/p>\n<\/td>\n<\/tr>\n

\n

as Trustee<\/p>\n<\/td>\n<\/tr>\n

\n

60 Wall Street, 26th Floor<\/p>\n<\/td>\n<\/tr>\n

\n

New York, New York 10005<\/p>\n<\/td>\n<\/tr>\n

\n

Facsimile: (212) 553-2460<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Attention: Corporate Trust Administration<\/p>\n

Ladies and Gentlemen:<\/p>\n

Reference is hereby made to the First Supplemental Indenture dated as of
\nDecember 10, 2009 among CIT Group Inc., as Issuer (the “Company”), the
\nGuarantors Named Therein, as Guarantors, and Deutsche Bank Trust Company
\nAmericas, as Trustee, Series A Parent Collateral Agent and Series A Subsidiary
\nCollateral Agent (the “First Supplemental Indenture<\/u>“), supplementing the
\nIndenture dated as of December 10, 2009 between CIT Group Inc., as Issuer, and
\nDeutsche Bank Trust Company Americas, as Trustee (the “Series A
\nIndenture<\/u>” and, together with the First Supplemental Indenture,
\ncollectively, the “Indenture<\/u>“). Capitalized terms used but not otherwise
\ndefined herein, shall have the meaning assigned to such terms in the Indenture.\n<\/p>\n

NOTICE IS HEREBY GIVEN TO THE TRUSTEE,<\/strong> pursuant to
\nSection 11.2<\/u> of the Series A Indenture, of the Company153s election to
\neffect an optional redemption of the Notes under Section 3.2<\/u> of the First
\nSupplemental Indenture in the manner more fully described hereinbelow.<\/p>\n

The Company hereby designates May 2, 2011<\/strong> as the Redemption
\nDate for the optional redemption of Notes to be made pursuant to this Notice of
\nOptional Redemption.<\/p>\n

On the above-referenced Redemption Date, the Company shall optionally redeem
\nNotes in an aggregate principal amount of Two Billion Five Hundred
\nMillion Dollars ($2,500,000,000.00)<\/strong> at a Redemption Price equal to one
\nhundred two (102.0) percent of such aggregate principal amount.<\/p>\n

The aggregate principal amount of Notes to be redeemed pursuant to this
\nNotice of Optional Redemption shall consist of the principal amounts under the
\nfollowing series of Notes: (a) One Billion One Hundred Four Million
\nSeven Thousand Four Hundred Eighty Two<\/strong><\/p>\n<\/p>\n<\/p>\n

<\/p>\n

Dollars ($1,104,007,482.00)<\/strong> in principal amount of the 2013
\nNotes (CUSIP No. 125581 FT0; ISIN No. US125581FT04), being the entire
\noutstanding principal amount of such series of Notes; and (b) One
\nBillion Three Hundred Ninety Five Million Nine Hundred Ninety Two Thousand Five
\nHundred Eighteen Dollars ($1,395,992,518.00)<\/strong> in principal amount of the
\n2014 Notes (CUSIP No. 125581 FU7; ISIN No. US125581FU76). The entire outstanding
\nprincipal amount of the 2014 Notes is currently Three Billion One Hundred Fifty
\nSix Million Eleven Thousand Two Hundred Six Dollars ($3,156,011,206.00).<\/p>\n

The optional redemption of 2014 Notes to be made pursuant to this Notice of
\nOptional Redemption is a partial redemption thereof being processed through DTC.
\nPlease identify the optional redemption of 2014 Notes to be made pursuant to
\nthis Notice of Optional Redemption to DTC as being a redemption to be treated by
\nDTC, in accordance with its rules and procedures, as a “Pro Rata Pass-Through
\nDistribution of Principal”.<\/p>\n

By its execution of this Notice of Optional Redemption, the Trustee hereby
\n(y) waives (i) the requirement in Section 11.2<\/u> of the Series A Indenture
\nthat the Company give notice of its election to effect an optional redemption of
\nNotes hereunder at least sixty (60) days prior to the above-referenced
\nRedemption Date, and (ii) the requirement in Section 11.4<\/u> of the Series A
\nIndenture that the Company give the Trustee at least 5 days153 prior notice of the
\ndate on which the Company requests the Trustee to give Holders notice of the
\nCompany153s optional redemption of Notes hereunder; and (z) agrees with the
\nCompany that notice given pursuant to this Notice of Optional Redemption on the
\ndate hereof constitutes good and sufficient notice under each of the foregoing
\nsections for purposes of the Company153s optional redemption of Notes hereunder on
\nsuch Redemption Date.<\/p>\n

[Remainder of Page Intentionally Left Blank. The Next
\nPage is the Signature Page.]<\/strong><\/p>\n

– 2 –<\/p>\n<\/p>\n<\/p>\n

<\/p>\n

IN WITNESS WHEREOF,<\/strong> the undersigned has caused this Notice
\nof Optional Redemption to be executed by its duly authorized officer as of the
\ndate first above written.<\/p>\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

CIT GROUP INC.<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

By:<\/p>\n<\/td>\n

\n

\/s\/ Glenn A. Votek<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Name: Glenn A. Votek<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Title: Executive Vice President and Treasurer<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

ACCEPTED AND AGREED TO:<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

DEUTSCHE BANK TRUST COMPANY AMERICAS,<\/strong>
\nas Trustee<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

By:<\/p>\n<\/td>\n

\n

\/s\/ Irene Siegel<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Name:<\/p>\n<\/td>\n

\n

Irene Siegel<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Title:<\/p>\n<\/td>\n

\n

Vice President<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

By:<\/p>\n<\/td>\n

\n

\/s\/ Maria Inoa<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Name:<\/p>\n<\/td>\n

\n

Maria Inoa<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Title:<\/p>\n<\/td>\n

\n

Associate<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

– 3 –<\/p>\n<\/p>\n<\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7103],"corporate_contracts_industries":[9416],"corporate_contracts_types":[9560,9566],"class_list":["post-41076","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-cit-group-inc","corporate_contracts_industries-financial__credit","corporate_contracts_types-finance","corporate_contracts_types-finance__indenture"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41076"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41076"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41076"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}