Common use of Redemption at the Option of the Company Clause in Contracts

Redemption at the Option of the Company. Section 11.03 of the Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon to the Redemption Date and certified as to amount to the Trustee in an Officer’s Certificate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., X.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securities; and (ii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 3 contracts

Samples: ArcelorMittal, ArcelorMittal, ArcelorMittal

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Redemption at the Option of the Company. Section 11.03 of the Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 50 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon to the Redemption Date and certified as to amount to the Trustee in an Officer’s Certificate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., X.X. Deutsche Bank Securities Inc. and J.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Inc. (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securities; and (ii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 2 contracts

Samples: ArcelorMittal, ArcelorMittal

Redemption at the Option of the Company. Section 11.03 of the Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 40 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon to the Redemption Date and certified as to amount to the Trustee in an Officer’s Certificate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., X.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securities; and (ii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 2 contracts

Samples: ArcelorMittal, ArcelorMittal

Redemption at the Option of the Company. Section 11.03 of the Base Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole at any time, or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed given to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 30 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon up to but excluding the Redemption Date and certified as to amount to the Trustee in an Officer’s CertificateDate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., Xxxxxxx Xxxxx & Co. LLC, X.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx IncorporatedIncorporated and RBC Capital Markets, LLC (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either any of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securitiessecurities dealer; (ii) a primary U.S. government securities dealer in New York City selected by Credit Agricole Securities (USA) Inc. and its successors; and (iiiii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 1 contract

Samples: Second Supplemental Indenture (ArcelorMittal)

Redemption at the Option of the Company. Section 11.03 of the Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 25 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon to the Redemption Date and certified as to amount to the Trustee in an Officer’s Certificate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., X.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securities; and (ii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 1 contract

Samples: ArcelorMittal

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Redemption at the Option of the Company. Section 11.03 of the Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed given to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 50 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon to the Redemption Date and certified as to amount to the Trustee in an Officer’s CertificateDate. The Reference Treasury Dealer means for the Securities: (i) each of Citigroup Global Markets Inc., Deutsche Bank Securities Inc., X.X. Xxxxxx Securities LLC, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either any of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securitiessecurities dealer; and (ii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 1 contract

Samples: First Supplemental Indenture (ArcelorMittal)

Redemption at the Option of the Company. Section 11.03 of the Base Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole at any time, or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed given to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 30 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon up to but excluding the Redemption Date and certified as to amount to the Trustee in an Officer’s CertificateDate. The Reference Treasury Dealer means for the Securities: (i) each of BofA Securities, Inc., Citigroup Global Markets Inc., Xxxxxxx Xxxxx & Co. LLC, X.X. Xxxxxx Securities LLCLLC and RBC Capital Markets, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, LLC (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either any of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securitiessecurities dealer; and (iiiii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 1 contract

Samples: Third Supplemental Indenture (ArcelorMittal)

Redemption at the Option of the Company. Section 11.03 of the Base Indenture shall be applicable to the Securities. The Company will have the right to redeem the Securities of this series, in whole at any time, or in part from time to time, at the Company’s option, on at least 30 days’ but no more than 60 days’ prior written notice mailed given to the registered Holders of such series of Securities to be redeemed. Upon redemption of the Securities, the Company will pay a redemption price equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points (which shall be the Additional Basis Points for the Securities), in each case plus accrued and unpaid interest thereon up to but excluding the Redemption Date and certified as to amount to the Trustee in an Officer’s CertificateDate. The Reference Treasury Dealer means for the Securities: (i) each of BofA Securities, Inc., Citigroup Global Markets Inc., Xxxxxxx Xxxxx & Co. LLC, X.X. Xxxxxx Securities LLCLLC and RBC Capital Markets, and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, LLC (or their respective affiliates that are primary U.S. Government securities dealers), and their respective successors, or if at any time either any of the above is not a primary U.S. Government securities dealer, one other nationally recognized investment banking firm selected by the Company that is a primary U.S. Government securitiessecurities dealer; and (iiiii) one other leading primary U.S. Government securities dealer designated by the Company.

Appears in 1 contract

Samples: Third Supplemental Indenture (ArcelorMittal)

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