Common use of Optional Redemption at Election of Company Clause in Contracts

Optional Redemption at Election of Company. Subject to the provisions of this Section 10.01, at any time after June 6, 2024, the Company may deliver a notice to the Holders (with a copy to the Trustee) (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of the Notes in an amount equal to the Optional Redemption Amount on the 30th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 30 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”) in cash. Each Optional Redemption Notice shall be irrevocable and specify:

Appears in 1 contract

Samples: Intercreditor Agreement (ProSomnus, Inc.)

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Optional Redemption at Election of Company. Subject to the provisions of this Section 10.016(a), at any time after June Six (6, 2024) months after the Original Issue Date, the Company may deliver a notice to the Holders (with a copy to the Trustee) Holder (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount and/or accrued interest of the Notes this Note for cash in an amount equal to the Optional Redemption Amount on the 30th Trading 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 30 Trading 10th Business Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”) in cash). Each The Optional Redemption Notice shall be irrevocable and specify:Amount is payable in full on the Optional Redemption Date.

Appears in 1 contract

Samples: American Resources Corp

Optional Redemption at Election of Company. Subject to the provisions of this Section 10.016(a), at any time after June the 6, 2024-month anniversary of the Closing Date, the Company may deliver a notice to the Holders (with a copy to the Trustee) Holder (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of the Notes this Debenture for cash in an amount equal to the Optional Redemption Amount on the 30th 20th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 30 20 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”) in cash). Each The Optional Redemption Notice shall be irrevocable and specify:Amount is payable in full on the Optional Redemption Date.

Appears in 1 contract

Samples: Digital Angel Corp

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Optional Redemption at Election of Company. Subject to the provisions of this Section 10.01, at any time after June 6, 2024the eighteen (18) month anniversary of the Initial Issue Date, the Company may deliver a notice to the Holders (with a copy to the Trustee) (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of the Notes in an amount equal to the Optional Redemption Amount on the 30th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 30 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”) in cash. Each Optional Redemption Notice shall be irrevocable and specify:

Appears in 1 contract

Samples: Indenture (ProSomnus, Inc.)

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