Mandatory Redemption Price. Upon the satisfaction or waiver of the conditions set forth in Section 3.11(b) and subject to the terms and conditions of this Section 3.11, the Company shall redeem the Notes at a redemption price (the “Mandatory Redemption Price”) per $1,000 principal amount of Notes equal to:
(i) $47.65 in cash,
(ii) 1,146.16 shares of Common Stock (subject to appropriate adjustment for any stock split, reverse stock split, stock dividend or other similar event occurring after the Exchange Offer Completion Date and on or prior to the Mandatory Redemption Date), and
(iii) $425.46 in principal amount of New Notes. No fractional shares of Common Stock will be issued in the Mandatory Redemption, and the number of shares issuable to a Holder shall be rounded down to the nearest whole number of shares, and no amounts will be paid to such Holder for any fractional shares of Common Stock. Notwithstanding anything herein to the contrary, no additional amounts will be paid in the Mandatory Redemption for any premium or accrued and unpaid interest on the Notes.
Mandatory Redemption Price. For purposes hereof, "Mandatory Redemption Price" shall mean the greater of (A) the unpaid principal hereof and all accrued and unpaid Interest hereon multiplied by one hundred and twenty percent (120%) and (B) the unpaid principal hereof and all accrued and unpaid Interest hereon divided by the Conversion Price in effect at the time of the Conversion Default multiplied by the Market Price on the Mandatory Redemption Date.
Mandatory Redemption Price. The "MANDATORY REDEMPTION PRICE" shall be equal to (A) the unpaid principal amount of this Debenture being redeemed MULTIPLIED BY one hundred and twenty percent (120%) PLUS (B) in the event of a Mandatory Redemption where the Mandatory Redemption Date occurs after the last day of the third anniversary of the Issue Date, an amount equal to interest on such unpaid principal amount at an annual rate of fifteen percent (15%) computed on the basis of a 360-day year of twelve 30-day months for the actual number of days elapsed (compounded annually) from the such last day through the Mandatory Redemption Date.
Mandatory Redemption Price. The "Mandatory Redemption Price" shall be -------------------------- -------------------------- equal to the greater of (i) the Liquidation Preference of the Preferred Shares being redeemed multiplied by one hundred and twenty five percent (125%) and (ii) ------------- an amount determined by dividing the Liquidation Preference of the Preferred Shares being redeemed by the Conversion Price in effect on the Mandatory Redemption Date and multiplying the resulting quotient by the average Closing Trade Price for the Common Stock on the five (5) Trading Days immediately preceding (but not including) the Mandatory Redemption Date.
Mandatory Redemption Price. The Mandatory Redemption Price shall be as follows:
(i) For any Mandatory Redemption that occurs after the Issuance Date and up to but not including 12 months thereafter, 112% of the Conversion Price.
(ii) For any Mandatory Redemption that occurs 12 months after the Issuance Date and up to but not including 24 months thereafter, 124% of the Conversion Price.
(iii) For any Mandatory Redemption that occurs on or after 24 months following the Issuance Date, 136% of the Conversion Price.
Mandatory Redemption Price. The "Mandatory Redemption Price" -------------------------- shall be (x) the original principal amount of this Note (i.e., excluding compoundings of interest pursuant to Section 2.1(b)) then remaining unpaid and outstanding (unless a lesser amount is specified) multiplied by (y) fourteen percent (14%) per year, compounded annually, from and including the Issue Date to but excluding the date of payment of the Mandatory Redemption Price, without deduction or offset of any kind.
Mandatory Redemption Price. The "Mandatory Redemption Price" shall be equal to the greater of (i) the Liquidation Preference of the Preferred Shares being redeemed multiplied by one hundred and twenty five percent (125%) and (ii) an amount determined by dividing the Liquidation Preference of the Preferred Shares being redeemed by the Conversion Price in effect on the Mandatory Redemption Date and multiplying the resulting quotient by the average Closing Trade Price for the Common Stock on the five (5) Trading Days immediately preceding (but not including) the Mandatory Redemption Date.
Mandatory Redemption Price. The "MANDATORY REDEMPTION PRICE" shall be equal to the principal amount of this Note being redeemed MULTIPLIED BY one hundred and twenty percent (120%); PROVIDED, HOWEVER, that with respect to a Mandatory Redemption which occurs as a result of a Mandatory Redemption Event described in subparagraph 6(d)(ii) or 6(d)(vii) below, the Mandatory Redemption Price shall be equal to the principal amount of this Note being redeemed, DIVIDED BY the Applicable Percentage in effect on the Mandatory Redemption Date.
Mandatory Redemption Price. The "Mandatory Redemption Price" shall be equal to the Stated Value of the Series C Preferred Shares being redeemed multiplied by one hundred and
Mandatory Redemption Price. Notice of the Special Partial Mandatory Redemption will be mailed promptly to each Holder at its registered address and to the Trustee and the Escrow Agent and, in any event, not more than two Business Days after the Acquisition Deadline. On the Special Partial Mandatory Redemption Date, the Escrow Agent shall pay to a paying agent, for payment to each holder of notes, the Special Partial Mandatory Redemption Price for such holder’s notes being redeemed pursuant to the Special Partial Mandatory Redemption and, concurrently with the payment to such holders, deliver any excess amounts in the Escrow Account to the Company.
