Mandatory Redemption or Repurchase Sample Clauses
The Mandatory Redemption or Repurchase clause requires the issuer of a security, such as bonds or preferred shares, to buy back or redeem the securities from holders at specified times or upon the occurrence of certain events. This clause typically outlines the conditions under which redemption must occur, such as reaching a maturity date, a change of control, or failure to meet financial covenants, and may specify the price or formula for repurchase. Its core function is to provide investors with assurance that they will be able to recover their investment under predetermined circumstances, thereby reducing uncertainty and risk.
Mandatory Redemption or Repurchase. Except as otherwise provided in Section 4.11 or Section 4.16 below, the Issuers shall not be required to make mandatory redemption payments with respect to the Notes or be required to repurchase any Notes.
Mandatory Redemption or Repurchase. The Company shall be required to make an offer to repurchase the Notes of any Series upon the occurrence of a Change of Control Triggering Event on the terms and conditions described in Section 2.4 hereof.
Mandatory Redemption or Repurchase. IRSA PC shall be required to make an offer to repurchase the Notes as provided in Section 3.21 of the Base Indenture.
Mandatory Redemption or Repurchase. The Series A New Bonds shall be subject to mandatory redemption by the Company prior to maturity at any time in whole or in part at a redemption price of 100% of the principal amount to be redeemed, plus accrued and unpaid interest, if any, to the redemption date, upon receipt by the Trustee of notice from the Series A Project Bond Trustee to the effect that (a) the Company is required to deliver moneys to the Series A Project Bond Trustee for the redemption or repurchase of the corresponding Series A Project Bonds in whole or in part, as the case may be, as provided in Section 6.3 and Section 4.8 of the Series A Loan Agreement and (b) an equivalent principal amount of such Series A Project Bonds are being concurrently called for redemption or being accepted for repurchase. Said notice shall specify the redemption or repurchase date of such Series A New Bonds (which redemption or repurchase date shall be the same date as the redemption or repurchase date specified in said notice for the Series A Project Bonds being concurrently redeemed or being accepted for repurchase). Any such redemption shall be made upon the notice and in the manner provided in this Article One, subject to the provisions of the First Mortgage as amended.
Mandatory Redemption or Repurchase. Except as set forth in Section 3.09, Section 4.12 and Section 4.18 of the Indenture, SFC shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
Mandatory Redemption or Repurchase. Except as set forth in Sections 3.09, 4.12, 4.18 and 4.19 hereof, the Company shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
Mandatory Redemption or Repurchase. Except as set forth in Sections 3.09, 4.12, 4.18 and 4.19 of the Indenture, the Issuer shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
Mandatory Redemption or Repurchase. The New Bonds shall be subject to mandatory redemption by the Company prior to maturity at any time in whole or in part at a redemption price of 100% of the principal amount to be redeemed, plus accrued and unpaid interest, if any, to the redemption date, upon receipt by the Trustee of notice from the Company to the effect that (a) the Company is required to mandatorily prepay or repay the Loans in whole or in part, as the case may be, as provided in Section 2.07 of the Credit Agreement and (b) an equivalent principal amount of such Loans are being prepaid or repaid. Said notice shall specify the redemption date of such New Bonds (which redemption date shall be the same date as the prepayment or repayment date of the corresponding Loan). Any such redemption shall be made upon the notice and in the manner provided in this Article One, subject to the provisions of the First Mortgage as amended.