Optional and Mandatory Redemption. (a) The Corporation, at its option, may at any time redeem the Series C Preferred Stock in whole or in part, at a cash redemption price per share equal to 100% of the liquidation preference.
(b) On August ___, 2010, the Corporation shall redeem all outstanding shares of Series C Preferred Stock at a redemption price equal to the liquidation preference per share. The redemption price shall be paid in cash.
(c) Not more than sixty (60) nor less than thirty (30) days prior to the redemption date, notice by first class mail, postage prepaid, shall be given to each holder of record of the Series C Preferred Stock to be redeemed, at such holder's address as it shall appear upon the stock transfer books of the Corporation. Each such notice of redemption shall be irrevocable and shall specify the date fixed for redemption, the redemption price, the identification of the shares to be redeemed (if fewer than all the outstanding shares are to be redeemed), the place or places of payment and that payment will be made upon presentation and surrender of the certificate(s) evidencing the shares of Series C Preferred Stock to be redeemed.
(d) Any notice that is mailed as herein provided shall be conclusively presumed to have been duly given, whether or not the holder of the Series C Preferred Stock receives such notice; and failure to give such notice by mail, or any defect in such notice, to the holders of any shares designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series C Preferred Stock. On or after the date fixed for redemption as stated in such notice, each holder of the shares called for redemption shall surrender the certificate evidencing such shares to the Corporation at the place designated in such notice and shall thereupon be entitled to receive payment of the redemption price in the manner set forth in the notice. If fewer than all the shares represented by any such surrendered certificate are redeemed, a new certificate shall be issued representing the unredeemed shares. If, on the date fixed for redemption, funds necessary for the redemption shall be available therefor and shall have been irrevocably deposited or set aside, then, notwithstanding that the certificates evidencing any shares so called for redemption shall not have been surrendered, the shares shall no longer be deemed outstanding, the holders thereof shall cease to be stockholders, and all rights whatsoever with respect to th...
Optional and Mandatory Redemption. The 6 5/8% Notes are subject to both optional and mandatory redemption, either as a whole or in some cases in part, at the times, under the circumstances, upon the giving of prior notices to Holders and at the Redemption Prices described in Article Eleven of the Indenture.
Optional and Mandatory Redemption. (a) The Senior Discount Notes (Series A) and (Series B) will be subject to redemption, in whole or from time to time in part (in multiples of $1,000 of principal amount) at the option of the Company at the price per $1,000 principal amount at maturity with respect to any Redemption Date appearing opposite the period in which such Redemption Date occurs, plus any accrued and unpaid interest to the Redemption Date: SENIOR DISCOUNT NOTES (SERIES A) Price per $1,000 Period Principal Amount ------ ---------------- October 1997 $833.33 November 1997 $837.19 December 1997 $848.49 January 1998 $859.78 February 1998 $871.08 March 1998 $882.38 April 1998 $894.61 May 1998 $906.85 June 1998 $919.09 July 1998 $931.32 August 1998 $943.56 September 1998 $955.79 October 1998 $969.05 November 1998 $982.30 December 1998 $995.56 January 1999 $997.20 February 1999 $998.84 After February 28, 1999 $1,000.00 SENIOR DISCOUNT NOTES (SERIES B) Price per $1,000 Period Principal Amount ------ ---------------- July 1998 $931.32 August 1998 $943.56 September 1998 $955.79 October 1998 $969.05 November 1998 $982.30 December 1998 $995.56 January 1999 $997.20 February 1999 $998.84 After February 28, 1999 $1,000.00
(b) Notwithstanding any other provision hereof, if any Gaming Authority requires that the Purchaser or any Holder or beneficial owner of the Securities must be licensed, qualified or found suitable under any Gaming Laws in order to maintain any material gaming license, registration or approval of the Company, or its Gaming Subsidiaries under such Gaming Laws, and the Purchaser, Holder or beneficial owner of the Securities fails to apply for a license, qualification or finding of suitability within 30 days after being requested to do so by any Gaming Authority (or such lesser period that may be required by such Gaming Authority), or if such Purchaser, Holder or beneficial owner is not so licensed, qualified or found suitable, the Purchaser, Holder or beneficial owner of the Securities shall comply with any order by such Gaming Authorities that such Person dispose of any Securities held by it; provided, however, that in the event the Purchaser, Holder or beneficial owner of the Securities does not comply with such order within the required period, the Company shall have the option as its sole remedy with respect to the Senior Discount Notes to call for redemption of the Senior Discount Notes of such Purchaser, Holder or beneficial owner at a price in cash equal to the Accreted Valu...
Optional and Mandatory Redemption. (a) The Senior Discount Notes will be subject to redemption at any time after the Closing Date, in whole or from time to time in part (in multiples of $1,000 of principal amount) at the option of the Company at the price set forth below.
(i) prior to the first anniversary of the Closing Date, at a price equal to the Accreted Value thereof plus a call premium equal to (A) one percent of the Accreted Value of such Senior Discount Notes plus (B) an additional 0.5% for each additional thirty days (payable on the first day of each such period), beginning the thirty-first day following the Closing Date, prior to the Redemption Date, up to a maximum call premium of 4% of the Accreted Value of such Senior Discount Notes;
(ii) during the period from and including the first anniversary of the Closing Date through the day immediately prior to the second anniversary of the Closing Date, at a price equal to 104% of the Accreted Value of such Senior Discount Notes plus any accrued and unpaid interest to the Redemption Date; and
(iii) at any time on or after the second anniversary of the Closing Date, at a price equal to 102% of the Accreted Value of such Senior Discount Notes, plus any accrued and unpaid interest to the Redemption Date.
(b) On the second anniversary of the Closing Date, the Company shall redeem (without prepayment penalty or premium) an aggregate principal amount of Senior Discount Notes equal to $2.0 million less the aggregate principal amount of Senior Discount Notes previously redeemed by the Company. The redemption price payable by the Company with respect to any Senior Discount Notes redeemed pursuant to this Section 6.6(b) shall be equal to 100% of the principal amount so redeemed, plus any accrued and unpaid interest thereon to the Redemption Date.
(c) Upon any partial prepayment or redemption of the Senior Discount Notes, the principal amount so prepaid or redeemed shall be allocated to all Senior Discount Notes at the time outstanding in proportion to the respective outstanding principal amounts thereof, and a corresponding pro rata adjustment shall be made in the minimum denomination of a Senior Discount Note pursuant to Section 11.1.
Optional and Mandatory Redemption. The Bonds are subject to optional and mandatory redemption as provided in the Indenture.
Optional and Mandatory Redemption. (a) DEC may redeem the Notes, or a portion thereof, in accordance with the terms and conditions provided herein and in Section 5(a) or Section 5(b) of the Notes.
(b) DEC shall redeem Notes at the times and in the aggregate principal amounts required pursuant to Section 5(c) of the Notes.
(c) DEC shall redeem all the outstanding Notes on the Maturity Date at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest thereon to the Redemption Date.
Optional and Mandatory Redemption. (a) Except in connection with a Major Transaction pursuant to Section 5.3, prior to the third anniversary of the Funding Date, the Borrower shall not redeem the Notes; provided, however, that if the Borrower redeems or makes any prepayment on the Notes before the third anniversary of the Funding Date, the Borrower shall pay all accrued and unpaid interest thereon plus (x) if the MOIC Prepayment Amount exceeds the Assumed Conversion Amount, an amount equal to thirty percent (30%) of the initial principal amount of the Notes prepaid, less all accrued interest previously paid in cash (the “MOIC Premium”) or (y) if the Assumed Conversion Amount exceeds the MOIC Prepayment Amount, an amount equal to the excess of the Assumed Conversion Amount over the principal amount of the Notes prepaid (the “Excess MOIC Premium”) (the amount set forth in clause (x) or (y), as applicable, the “Applicable Premium”). For purposes hereof, (i) “Assumed Conversion Amount” means an amount equal to the VWAP Price on the date of the redemption or repayment in breach of this Section 2.10(a) multiplied by the number of shares into which the Notes would have been convertible on such date, without giving
Optional and Mandatory Redemption. (a) The Issuer may redeem the Notes, or a portion thereof, in accordance with the terms and conditions provided herein and in Section 4 of the Notes.
(b) On each Mandatory Redemption Date, the Issuer shall redeem the Applicable Amount of Notes, in accordance with the terms and conditions provided herein and in Section 4 of the Notes. The redemption price for Notes that the Issuer is required to redeem pursuant to this Section 6.1(b) shall be equal to 100% of the principal amount thereof plus accrued and unpaid interest thereon to such Mandatory Redemption Date.
(c) Within two Business Days after each date on which the Issuer or any of its Subsidiaries (other than Reit) consummates a Public Equity Offering, the Issuer shall redeem the maximum principal amount of the Notes that may be redeemed out of an amount equal to the aggregate net proceeds of such Public Equity Offering, in accordance with the terms and conditions provided herein and in Section 4 of the Notes.
Optional and Mandatory Redemption. (a) The New Notes will be subject to redemption, in whole or from time to time in part (in multiples of $1,000 of principal amount) at the option of the Company at a purchase price equal to 100% of the principal amount thereof, plus any accrued and unpaid interest to the Redemption Date, plus a premium which when taken together with the interest earned on the New Notes results in an annualized rate of return to the Holder from the Closing Date through and including the Redemption Date equal to 25%.
(b) Upon any partial prepayment or redemption of the New Notes, the principal amount so prepaid or redeemed shall be allocated to all New Notes at the time outstanding in proportion to the respective outstanding principal amounts thereof, and a corresponding pro rata adjustment shall be made in the minimum denomination of a New Note pursuant to Section 11.1.
Optional and Mandatory Redemption. (a) The Senior Discount Notes will be subject to redemption, in whole or from time to time in part (in multiples of $1,000 of principal amount) at the option of the Company at a price equal to 100% of the aggregate outstanding principal amount thereof, plus any accrued and unpaid interest to the Redemption Date.
