Maturity Redemption. If the Note is not converted into Conversion Shares prior to the Maturity Date as provided in Section 5 hereof, the Company shall redeem the Note by paying the Investor the Principal Amount on the Maturity Date.
Maturity Redemption. The Series A Preferred Stock shall be perpetual, unless converted in accordance with these Articles of Amendment. The Series A Preferred Stock will not be redeemable at the option of the Corporation or any Holder at any time. Notwithstanding the foregoing, nothing contained herein shall prohibit the Corporation from repurchasing or otherwise acquiring shares of Series A Preferred Stock in voluntary transactions with the Holders. Any shares of Series A Preferred Stock repurchased or otherwise acquired may be cancelled by the Corporation and thereafter be reissued as shares of any series of preferred stock of the Corporation.
Maturity Redemption. 6.1 Subject as provided herein, the outstanding principal amount of the Bonds shall, unless previously converted into Shares or repaid in accordance with these Conditions, be repaid subject to and in accordance with these terms on the Maturity Date. The Bonds may not be repaid or otherwise redeemed other than in accordance with these Conditions.
6.2 Unless previously converted or purchased or redeemed in accordance with these Conditions, the Issuer shall redeem the Bonds on the Maturity Date at the Redemption Amount, whereupon those Bonds shall be cancelled and removed from the Register.
6.3 The Issuer shall have the right to redeem all or part (in authorised denominations) of the outstanding principal amount of Bonds at the Redemption Amount at any time on or after the first anniversary of the Issue Date and until the last day immediately preceding the Maturity Date by depositing a notice of redemption with the Bondholder at least thirty (30) days before the date of redemption (which notice may be given within thirty (30) days before the first anniversary of the Issue Date). Upon issue of such redemption notice in accordance with this Condition 6.3, the Conversion Right shall for the avoidance of doubt automatically cease. Upon such redemption those Bonds shall be cancelled and removed from the Register.
6.4 The Issuer or any of its subsidiaries may at any time and from time to time repurchase Bonds at any price as may be agreed in writing between the Issuer or such subsidiary and the relevant Bondholder. Any Bond so purchased shall forthwith be cancelled by the Issuer.
6.5 For the avoidance of doubt, the Bonds shall on payment being made by the Issuer in accordance with Condition 6.2 or (as the case may be) Condition 6.3 automatically be redeemed on the Maturity Date or pursuant to Condition 6.3, without any obligation on the Bondholder to surrender the relevant certificate(s) for cancellation or any other obligation on the part of any of the Bondholders, and the Issuer shall cause the Register to be updated accordingly.
Maturity Redemption. At the end of the Term (the “Maturity”), Issuer shall, and is entitled to, redeem this Note (the “Maturity Redemption”) in whole at the Basic Redemption Price. For the avoidance of doubt, Issuer’s obligation to redeem this Note on Maturity is unconditional and will not require the delivery of any notice by Investor or the satisfaction of any conditions precedent. The term “Basic Redemption Price”, in respect of a Redemption Amount, is an amount that would result in Investor receiving a premium, which in aggregate of the interest accrued and outstanding under Clause 2 and any incremental interest accrued and outstanding under Section 4.5, will provide to the Investor the applicable Return Rate.
Maturity Redemption. On the Maturity Date, the Company shall redeem the Preferred Shares for an aggregate purchase price equal to the Liquidation Preference of the Preferred Shares.
Maturity Redemption. The principal on the Securities shall be payable on September 16, 2031. At any time or from time to time prior to June 16, 2031 (three months prior to their maturity) (the “Par Call Date”), the Securities shall be redeemable, in whole or in part, at the option of the Company, at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities and (ii) the sum, as determined by the Independent Investment Banker and delivered to the Series Trustee (upon which the Series Trustee shall be entitled to conclusively rely), of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the Securities matured on the Par Call Date (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 10 basis points, plus in each case accrued and unpaid interest, if any, to, but excluding the date of redemption. At any time on or after the Par Call Date, the Securities shall be redeemable, in whole or in part, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.
Maturity Redemption. On the tenth anniversary of the Original Issuance Date (the “Maturity Date”), or, if not a Business Day, the first Business Day thereafter, the Corporation shall, subject to Section 7(b)(iv), redeem all, but not less than all, of the then outstanding shares of Series B Preferred Stock, out of funds legally available therefor, at a redemption price (the “Maturity Redemption Price”) for each share of Series B Preferred Stock equal to the sum of (A) the Liquidation Preference and (B) the Accrued Dividends of such share as of the applicable Maturity Redemption Date.
Maturity Redemption. The Series C Perpetual Preferred Shares shall be perpetual and shall not be subject to mandatory redemption, sinking fund or other similar provisions.
Maturity Redemption. Unless transferred or previously redeemed, the Bonds will be redeemed in full at the Maturity Date, in an amount equal to the number of Bonds subscribed together with any accrued interest in respect of the Bonds, with no requirement for payment of any further amounts hereunder.
Maturity Redemption. At the end of the Term (the “Maturity”), Issuer shall, and is entitled to, redeem this Note (the “Maturity Redemption”) in whole at the Basic Redemption Price. For the avoidance of doubt, Issuer’s obligation to redeem this Note on Maturity is unconditional and will not require the delivery of any notice by Investor or the satisfaction of any conditions precedent. The term “Basic Redemption Price”, in respect of a Redemption Amount, is an amount that would result in Investor receiving the applicable Return Rate in each of the Interest Periods for which the Redemption Amount is outstanding, as follows: P = A (1 + r1)(1 + r2 )…..(1 + rN)t/360 Where: P = Redemption Price A = Redemption Amount N = the Interest Period in which the Redemption Amount is redeemed. rN = the applicable Return Rate for the Nth Interest Period. t = the number of days in which the Redemption Amount was outstanding in the Nth Interest Period.
