Common use of Make-Whole Optional Redemption Clause in Contracts

Make-Whole Optional Redemption. On or prior to March 2, 2010, the Company may also redeem all or a part of the Securities upon not less than 30 nor more than 60 days’ prior notice to Holders, at a redemption price equal to 100% of the principal amount of Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holder on the relevant record date to receive interest due on the relevant interest payment date. Neither the Company nor the Parent is prohibited, however, from acquiring Securities by means other than a redemption, whether pursuant to an issuer tender offer or otherwise, assuming such acquisition does not otherwise violate the terms of the Indenture.

Appears in 3 contracts

Samples: Indenture (Asap Software Express Inc), Indenture (Asap Software Express Inc), Indenture (Buhrmann Nederland B.V.)

AutoNDA by SimpleDocs

Make-Whole Optional Redemption. On or prior to March 2July 1, 20102009, the Company may also redeem all or a part of the Securities upon not less than 30 nor more than 60 days’ prior notice to Holders, at a redemption price equal to 100% of the principal amount of Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to the date of redemption, subject to the rights of Holder on the relevant record date to receive interest due on the relevant interest payment date. Neither the Company nor the Parent is prohibited, however, from acquiring Securities by means other than a redemption, whether pursuant to an issuer tender offer or otherwise, assuming such acquisition does not otherwise violate the terms of the Indenture.

Appears in 1 contract

Samples: Indenture (Moore Labels Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.