Common use of Early Redemption upon a Rating Event Clause in Contracts

Early Redemption upon a Rating Event. Prior to the initial Interest Reset Date and within 90 days of a Rating Event, the Issuer may, at its option, on giving not more than 60 days nor less than 30 days’ prior notice to the Holders, redeem all (but not less than all) of the Notes without the consent of the Holders. The Redemption Price per $25.00 principal amount of the Notes shall be equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the Redemption Date.

Appears in 3 contracts

Samples: Algonquin Power & Utilities Corp., Algonquin Power & Utilities Corp., Algonquin Power & Utilities Corp.

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Early Redemption upon a Rating Event. Prior to At any time, following the initial Interest Reset Date and within 90 days occurrence of a Rating Event, the Issuer may, at its option, on giving not more than 60 days days’ nor less than 30 10 days’ prior notice to the HoldersHolders thereof, redeem all the Notes (in whole but not less than allin part) of the Notes without the consent of the Holders. The Redemption Price per $25.00 principal amount of the Notes shall be equal to 102% of the principal amount thereof, thereof and shall be paid together with accrued and unpaid interest to, but excluding, the Redemption Date.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Brookfield Infrastructure Corp), Second Supplemental Indenture (Brookfield Infrastructure Partners L.P.)

Early Redemption upon a Rating Event. Prior to the initial Interest Reset Date and within Within 90 days following the occurrence of a Rating Event, the Issuer Company may, at its option, on giving not more than 60 days nor less than 30 10 days’ prior notice to the HoldersHolders thereof, redeem all (but not less than all) of the Notes without the consent of the Holders. The Redemption Price redemption price per $25.00 1,000 principal amount of the Notes shall be equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the Redemption Datedate fixed for redemption.

Appears in 2 contracts

Samples: Thirteenth Supplemental Indenture (Enbridge Inc), Eleventh Supplemental Indenture (Enbridge Inc)

Early Redemption upon a Rating Event. Prior to At any time, within 120 days following the initial Interest Reset Date and within 90 days occurrence of a Rating Event, the Issuer may, at its option, on giving not more than 60 days days’ nor less than 30 days’ prior notice to the Holders, redeem all (but not less than all) of the Notes without the consent of the Holders. The Redemption Price per $25.00 principal amount of the Notes shall be equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the Redemption Date.

Appears in 1 contract

Samples: First Supplemental Indenture (Brookfield Asset Management Inc.)

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Early Redemption upon a Rating Event. Prior to the initial Interest Reset Date and within 90 days of a Rating Event, the Issuer may, at its option, on giving not more than 60 days nor less than 30 days’ prior notice to the HoldersHolders thereof, redeem all (but not less than all) of the Notes — Series 2016-A without the consent of the Holders. The Redemption Price redemption price per $25.00 1,000 principal amount of the Notes — Series 2016-A shall be equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the Redemption Datedate fixed for redemption.

Appears in 1 contract

Samples: Indenture (Emera Inc)

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