Common use of Optional Redemption by the Company Clause in Contracts

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. At any time or from time to time prior to September 15, 2023 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at any time on or after September 15, 2023 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 2 contracts

Samples: Seventh Supplemental Indenture (Springleaf Finance Corp), Seventh Supplemental Indenture

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Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. At any time or from time to time prior to September July 15, 2023 2027 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at any time on or after September July 15, 2023 2027 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 2 contracts

Samples: Eighth Supplemental Indenture (Springleaf Finance Corp), Eighth Supplemental Indenture (OneMain Holdings, Inc.)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. At any time or from time to time prior to September On and after August 15, 2023 (six months prior to the Stated Maturity of the Notes)2027, the Company may redeem, at its option, all or or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, the applicable Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date), if redeemed during the 12-month period beginning on August 15 of each of the years indicated below: 2027 103.563% 2028 101.781% 2029 and thereafter 100.000% In addition, prior to August 15, 2027, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee) at a redemption price Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at any time on or after September 15, 2023 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 2 contracts

Samples: Eighteenth Supplemental Indenture (OneMain Holdings, Inc.), Eighteenth Supplemental Indenture (Onemain Finance Corp)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. At any time or from time to time prior to September On and after November 15, 2023 2028 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or or, from time to time, part of the Notes Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at a redemption price Redemption Price equal to the sum of (i) 100% of the principal amount thereofof the Notes to be redeemed, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the applicable Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at any time on or after September 15, 2023 . (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (iassuming the Notes matured on November 15, 2028) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount thereofof the Notes to be redeemed, plus (ii) plus, in either case, accrued and unpaid interest on the Notes, if any, thereon to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 1 contract

Samples: Nineteenth Supplemental Indenture (Onemain Finance Corp)

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Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. At any time or from time to time prior to September May 15, 2023 2029 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at any time on or after September May 15, 2023 2029 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest on the Notes, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 1 contract

Samples: Ninth Supplemental Indenture

Optional Redemption by the Company. Except as (a) The Notes may be redeemed at the option of the Company on the terms and conditions set forth in Section 3.1(b), Article III of the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, Base Indenture and there is no sinking fund for Section 6 of the Notes. At . (b) The Notes shall be redeemable, in whole or in part, at any time or and from time to time prior to September 15time, 2023 (six months prior to at the Stated Maturity option of the Notes)Company, the Company may redeem, at its option, all or part of the Notes at a redemption price equal to the sum greater of (i1) 100% of the principal amount thereof, plus of the Notes to be redeemed and (ii2) the Applicable Premium as sum of the present values of the Remaining Scheduled Payments of principal and interest thereon (exclusive of interest accrued to, but not including, the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year comprised of twelve 30-day months) at the Treasury Rate plus 0.45% (45 basis points), plus (iii) accrued and unpaid interest on the Notes, if any, thereon to, but excludingnot including, the Redemption Date (subject to Date; provided that if the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). In addition, at Company redeems any time Notes on or after September January 15, 2023 (six three months prior to the Stated Maturity stated maturity date of the Notes), the Company may redeem, at its option, all or part of the Notes at a redemption price for those Notes will equal to the sum of (i) 100% of the principal amount thereofof the Notes to be redeemed, plus (ii) accrued and unpaid interest on the Notes, if any, thereon to, but excludingnot including, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

Appears in 1 contract

Samples: First Supplemental Indenture (Reliance Steel & Aluminum Co)

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