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

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

Appears in 4 contracts

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

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Early Redemption upon a Rating Event. At any time, following Prior to the occurrence 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’ days nor less than 10 30 days’ prior notice to the Holders thereofHolders, redeem all (but not less than all) of the Notes (in whole but not in part) 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 and shall be paid thereof, together with accrued and unpaid interest to, but excluding, the Redemption Date.

Appears in 3 contracts

Samples: Second Supplemental Indenture (Algonquin Power & Utilities Corp.), First Supplemental Indenture (Algonquin Power & Utilities Corp.), First Supplemental Indenture (Algonquin Power & Utilities Corp.)

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

Appears in 2 contracts

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

Early Redemption upon a Rating Event. At any time, within 120 days following the occurrence of a Rating Event, the Issuer may, at its option, on giving not more than 60 days’ nor less than 10 days’ prior notice to the Holders thereofHolders, redeem all (but not less than all) of the Notes (in whole but not in part) without the consent of the Holders. The Redemption Price shall be equal to 102% of the principal amount thereof and shall be paid together with accrued and unpaid interest to, but excluding, the Redemption Date.

Appears in 1 contract

Samples: Second Supplemental Indenture (BROOKFIELD Corp /On/)

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Early Redemption upon a Rating Event. At any time, following Prior to the occurrence 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’ days nor less than 10 30 days’ prior notice to the Holders thereof, redeem all (but not less than all) of the Notes (in whole but not in part) — Series 2016-A without the consent of the Holders. The Redemption Price redemption price per $1,000 principal amount of the Notes — Series 2016-A shall be equal to 102% of the principal amount thereof and shall be paid thereof, together with accrued and unpaid interest to, but excluding, the Redemption Datedate fixed for redemption.

Appears in 1 contract

Samples: First Supplemental Indenture (Emera Inc)

Early Redemption upon a Rating Event. At any time, within 120 days following the occurrence of a Rating Event, the Issuer may, at its option, on giving not more than 60 days’ nor less than 10 30 days’ prior notice to the Holders thereofHolders, redeem all (but not less than all) of the Notes (in whole but not in part) 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 and shall be paid 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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