Optional Redemption by Corporation. (a) Subject to the provisions of Section 3.3(c), except as otherwise may be specified in this Indenture, the Corporation shall have the right to redeem the Debentures, in whole or in part, from time to time on or after January 1, 2009, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption. Any redemption pursuant to this Section 3.3(a) shall be made upon not less than 30 days' nor more than 60 days' notice to the holder of the Debentures, at the Redemption Price. If the Debentures are only partially redeemed pursuant to this Section 3.3(a), the Debentures shall be redeemed pro rata or by lot or in such other manner as the Trustee shall deem appropriate and fair in its discretion. The Redemption Price shall be paid prior to 12:00 noon, New York, New York time, on the date of such redemption or at such earlier time as the Corporation determines provided that the Corporation shall deposit with the Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., New York, New York time, on the date such Redemption Price is to be paid.
Optional Redemption by Corporation. (a) Except as otherwise may be specified in this Indenture but not in limitation of Section 3.2, the Corporation shall have the right to redeem the Debentures, in whole or in part, from time to time, on or after December 31, 2006 at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption. Any redemption pursuant to this Section 3.3 shall be (i) made in multiples of $1,000 and (ii) made upon not less than 30 days nor more than 60 days notice to the holder of the Debentures, at the Redemption Price. If the Debentures are only partially redeemed pursuant to this Section 3.3, the Debentures shall be redeemed pro rata or by lot or in such other manner as the Trustee shall deem appropriate and fair in its discretion. The Redemption Price shall be paid prior to 12:00 noon, Monroe, North Carolina time, on the date of such redemption or at such earlier time as the Corporation determines provided that the Corporation shall deposit with the Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., Monroe, North Carolina time, on the date such Redemption Price is to be paid.
Optional Redemption by Corporation. (a) The Preferred Stock may be redeemed in whole (but not in part), at the Redemption Price, at the Corporation's option at any time after the seventh (7th) anniversary of the date of original issuance of the Preferred Stock, on at least 30 days' notice.
Optional Redemption by Corporation. The Preferred Stock may be redeemed in whole (but not in part), at the Redemption Price, at the Corporation's option at any time after , , on at least 30 days' notice; provided, however, that the Corporation may not exercise such right of redemption unless the Market Price of the Common Stock as reported in the Wall Street Journal for 20 out of any 30 consecutive trading days prior to the notice of redemption delivered pursuant to Section 3.7 shall exceed dollars ($ ) per share (subject to adjustment for stock dividends, stock splits and reverse stock splits) and unless the issuance of the shares of Common Stock upon conversion of the Preferred Stock at the time of the redemption would not cause a "Change of Control" to occur within the meaning of Section 1.01
Optional Redemption by Corporation. At any time after the earlier of (1) the occurrence of a Change of Control, (2) the acceptance by the Corporation of the Lender's resignation as a director of the Corporation, and (3) February 1, 2014, the Corporation shall have the right, at its option, to redeem the entire principal amount outstanding under the Debenture, together with all accrued and unpaid interest thereon by providing not less than twenty-one (21) days prior written notice to the Lender as provided for in Section 4.8 hereof.
Optional Redemption by Corporation. (a) Subject to the provisions of this Article XIV, the Corporation shall have the right to redeem the Securities, in whole 71 80 or in part, from time to time, on or after Initial Optional Redemption Date at the optional redemption prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price"): if redeemed during the 12-month period beginning February 1 of the years indicated below. Year Percentage ---- ---------- 2007 104.530 % 2008 104.077 % 2009 103.624 % 2010 103.171 % 2011 102.718 % 2012 102.265 % 2013 101.812 % 2014 101.359 % 2015 100.906 % 2016 100.453 % 2017 and thereafter 100.000 % If the Securities are only partially redeemed pursuant to this Section 14.02, the Securities will be redeemed by lot or by any other method utilized by the Trustee; provided, that if at the time of redemption the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Corporation determines, provided that the Corporation shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.
Optional Redemption by Corporation. (a) Subject to the provisions of this Article XIV, the Corporation shall have the right to redeem the Securities, in whole or in part, on one or more occasions (i) at any time on or after March 11, 2005 if the Closing Price of the Common Stock for 20 Trading Days in a period of 30 consecutive Trading Days ending on the Trading Day prior to the mailing of the notice of redemption exceeds 120% of the then prevailing Conversion Price, or (ii) at any time on or after March 11, 2012, in any case, upon not less than 20 days and not more than 60 days' notice, at the Redemption Price. If the Securities are only partially redeemed pursuant to this Section 14.02, the Securities to be redeemed shall be selected on a pro rata basis not more than 60 days prior to the date fixed for redemption from the outstanding Securities not previously called for redemption, provided, however, that with respect to Securityholders that would be required to hold Securities with an aggregate principal amount of less than $5,000 but more than an aggregate principal amount of zero as a result of such pro rata redemption, the Corporation shall redeem Securities of each such Securityholder so that after such redemption such Securityholder shall hold Securities either with an aggregate principal amount of at least $5,000 or such Securityholder no longer holds any Securities, and shall use such method (including, without limitation, by lot) as the Corporation shall deem fair and appropriate, provided, further, that any such proration may be made on the basis of the aggregate principal amount of Securities held by each Securityholder and may be made by making such adjustments as the Corporation deems fair and appropriate in order that only Securities in denominations of $50 or integral multiples thereof shall be redeemed. The Redemption Price shall be paid prior to 12:00 noon, New York, New York time, on the date of such redemption or at such earlier time as the Corporation determines, provided that the Corporation shall deposit with the Debenture Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., New York, New York time, on the date such Redemption Price is to be paid. [(b) Intentionally Omitted]
Optional Redemption by Corporation. In the event that at any time after the day which is twelve (12) months following the Purchase Date, the Closing Sale Price of the Common Stock exceeds 150% of the Fixed Conversion Price for any ten (10) consecutive Trading Days (an "Optional Redemption Period"), the Corporation shall have the right to redeem, to the extent permitted by applicable law and subject to the rights and preferences of the Senior Securities (an "Optional Redemption"), up to, with respect to each Optional Redemption, twenty-five percent (25%) of the number of Series C Preferred Shares originally purchased by a Holder on the Purchase Date (the "Optional Redemption Amount") at the Optional Redemption Price (as defined below).
Optional Redemption by Corporation. The shares of the Series B Preferred are redeemable at the option of the Corporation in whole or in part at any time and from time to time after March [__], 2001, at a redemption price of $10.00 per share plus an amount equal to the dividends accrued and unpaid (including interest, if any) thereon to the redemption date. In case only a part of the Series B Preferred Stock at the time outstanding is to be redeemed, the shares selected shall be allocated among all of the holders of the Series B Preferred at the time outstanding in proportion to their respective holdings. At least 30 days in advance of the date designated for any redemption pursuant to this paragraph (a), the Corporation shall mail or deliver notices of such redemption to the holders of record of the shares so to be redeemed at their respective addresses as shown on the books of the Corporation.
Optional Redemption by Corporation. At any time, from and after ________, 2017, the Corporation has the right to redeem all or any portion of the then outstanding shares of Series F Preferred Stock (a "Redemption") for a price per share equal to $1.95 for such share plus any accrued but unpaid dividends on such share (the "Redemption Price"). Any such Redemption will occur not more than sixty (60) days following delivery by the Corporation of a written election notice containing the information set forth in Section 7(b) below (the "Redemption Election Notice") to the holders of the shares of Series F Preferred Stock to be redeemed. The Corporation is not required to redeem the shares of the Series F Preferred Stock proportionately and may redeem shares held by one holder or any number of holders in combination. The allocation among the holders or shares of Series F Preferred Stock to be redeemed is solely at the discretion of the Corporation. In exchange for the surrender to the Corporation by the respective holders of Series F Preferred Stock of their certificate or certificates representing such shares in accordance with Section 7(c) below, the aggregate Redemption Price for all shares held by each holder of shares of Series F Preferred Stock being redeemed will be payable in cash in immediately available funds to the respective holders of the Series F Preferred Stock on the applicable Redemption Date.
