Asset Sale Redemption. (a) Upon an Asset Sale Mandatory Redemption Event, the Company shall apply the applicable portion of the Excess Proceeds (as determined in accordance with clauses (1) or (2), as applicable, of Section 4.16(b)), if any, to redeem the Notes (an “Asset Sale Mandatory Redemption”) on or before the 20th Business Day following the Asset Sale Mandatory Redemption Event (the “Asset Sale Mandatory Redemption Date”) or as otherwise required by the applicable procedures of the Depository, at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the Issue Date or the most recent date to which interest has been paid or duly provided for on the Notes, as the case may be, to, but excluding, the Asset Sale Mandatory Redemption Date.
Appears in 4 contracts
Samples: Security Agreement (Amc Entertainment Holdings, Inc.), Indenture (Amc Entertainment Holdings, Inc.), Indenture (Amc Entertainment Holdings, Inc.)
