Common use of Company’s Right to Redeem; Notice to Trustee Clause in Contracts

Company’s Right to Redeem; Notice to Trustee. Prior to May 5, 2014, the Securities shall not be redeemable at the Company’s option. On or after May 5, 2014, the Company, at its option, may redeem the Securities for cash at any time, in whole or in part, at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Securities being redeemed, plus any accrued and unpaid interest (including Additional Interest and Special Interest), if any, to, but excluding, the Redemption Date; provided that if the Redemption Date falls after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the Securities redeemed but shall not include accrued and unpaid interest(including Additional Interest and Special Interest), if any. Instead, the Company shall pay such accrued and unpaid interest (including Additional Interest and Special Interest), if any, to the Holder of record at the close of business on the corresponding Regular Record Date. If the Company elects to redeem Securities pursuant to this Section 3.01, it shall notify the Trustee in writing of such election together with the Redemption Date, the Conversion Rate, the principal amount of Securities to be redeemed and the Redemption Price. The Company shall give the notice to the Trustee of the Company’s election to redeem Securities pursuant to this Section 3.01, at least 30 days but not more than 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee).

Appears in 1 contract

Samples: Indenture (Comtech Telecommunications Corp /De/)

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Company’s Right to Redeem; Notice to Trustee. Prior to May 5November 1, 20142012, the Securities shall not be redeemable at the Company’s option. On or after May 5November 1, 20142012, the Company, at its option, may redeem the Securities for cash at any time, in whole or in part, at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Securities being redeemed, plus any accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to, but excluding, the Redemption Date; provided that if the Redemption Date falls after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the Securities redeemed but shall not include accrued and unpaid interest(including Additional Interest and Special interest, if any, including Contingent Interest), if any. Instead, the Company shall pay such accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to the Holder of record at the close Close of business Business on the corresponding Regular Record Date. If the Company elects to redeem Securities pursuant to this Section 3.01, it shall notify the Trustee in writing of such election together with the Redemption Date, the Base Conversion Rate, the principal amount of Securities to be redeemed and the Redemption Price. The Company shall give the notice to the Trustee of the Company’s election to redeem Securities pursuant to this Section 3.01, at least 30 days but not more than 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee).

Appears in 1 contract

Samples: Indenture (Lincare Holdings Inc)

Company’s Right to Redeem; Notice to Trustee. Prior to May 5January 15, 20142013, the Securities shall not be redeemable at the Company’s option. On or after May 5January 15, 20142013, the Company, at its option, may redeem the Securities for cash at any time, in whole or in part, at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Securities being redeemed, plus any accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to, but excluding, the Redemption Date; provided that if the Redemption Date falls after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the Securities redeemed but shall not include accrued and unpaid interest(including Additional Interest and Special interest, if any, including Contingent Interest), if any. Instead, the Company shall pay such accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to the Holder of record at the close Close of business Business on the corresponding Regular Record Date. If the Company elects to redeem Securities pursuant to this Section 3.01, it shall notify the Trustee in writing of such election together with the Redemption Date, the Base Conversion Rate, the principal amount of Securities to be redeemed and the Redemption Price. The Company shall give the notice to the Trustee of the Company’s election to redeem Securities pursuant to this Section 3.01, at least 30 days but not more than 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee).

Appears in 1 contract

Samples: Indenture (Osi Pharmaceuticals Inc)

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Company’s Right to Redeem; Notice to Trustee. Prior to May 5November 1, 2014, the Securities shall not be redeemable at the Company’s option. On or after May 5November 1, 2014, the Company, at its option, may redeem the Securities for cash at any time, in whole or in part, at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Securities being redeemed, plus any accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to, but excluding, the Redemption Date; provided that if the Redemption Date falls after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the Securities redeemed but shall not include accrued and unpaid interest(including Additional Interest and Special interest, if any, including Contingent Interest), if any. Instead, the Company shall pay such accrued and unpaid interest (interest, if any, including Additional Interest and Special Contingent Interest), if any, to the Holder of record at the close Close of business Business on the corresponding Regular Record Date. If the Company elects to redeem Securities pursuant to this Section 3.01, it shall notify the Trustee in writing of such election together with the Redemption Date, the Base Conversion Rate, the principal amount of Securities to be redeemed and the Redemption Price. The Company shall give the notice to the Trustee of the Company’s election to redeem Securities pursuant to this Section 3.01, at least 30 days but not more than 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee).

Appears in 1 contract

Samples: Satisfaction and Discharge of Indenture (Lincare Holdings Inc)

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