Optional Redemption During Term Interest Rate Period Sample Clauses

Optional Redemption During Term Interest Rate Period. During any Term Interest Rate Period other than the Initial Period, the Bonds shall be subject to redemption prior to their stated maturity, in whole or in part, (i) on the final Interest Payment Date for such Term Interest Rate Period; and (ii) prior to the end of a Term Interest Rate Period which is longer than ten years, on any date immediately succeeding the tenth anniversary of the commencement of the Term Interest Rate Period, in each case at the option of the Authority upon written direction of the Borrower as provided in Section 2.5 of the Loan Agreement, at the redemption price of 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date. During any Term Interest Rate Period of ten years or shorter, the Bonds shall not be subject to optional redemption under this Section 4.1(D) other than on the final Interest Payment Date for such Term Interest Rate Period. During the Initial Period, each of the Series 2005A Bonds and the Series 2005B Bonds shall be subject to redemption prior to their stated maturity in whole or in part on any date on or after April 1, 2024, in each case at the option of the Authority upon written direction of the Borrower as provided in Section 2.5 of the Loan Agreement, at the redemption price of 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date. Notwithstanding the optional redemption schedule set forth above, on or prior to the effective date of a Term Interest Rate Period, the Borrower can provide an alternate optional redemption schedule if it obtains an Approving Opinion addressed to the Authority and the Trustee.
Sample 1
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Optional Redemption During Term Interest Rate Period. During any Term Interest Rate Period, the Authority Notes also shall be subject to redemption in whole or in part on any date at the times (measured from the first day of the applicable Term Interest Rate Period), and at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued interest, if any, to the redemption date: (Lesser of) Length of Term Interest Rate Period or Length of Time to Maturity Redemption Dates and Prices Greater than 8 and less than or equal to 10 years At any time after the 5th anniversary of the effective date commencing such Interest Rate Period at 101 1/2% declining 1/2% annually to 100% (Lesser of) Length of Term Interest Rate Period or Length of Time to Maturity Redemption Dates and Prices Greater than 6 and less than or equal to 8 years At any time on or after the 3rd anniversary of the effective date commencing such Interest Rate Period at 101 1/2% declining 1/2% annually to 100% Greater than 4 and less than or equal to 6 years Greater than 3 and less than or equal to 4 years Greater than 2 and less than or equal to 3 years Greater than 1 and less than or equal to 2 years At any time on or after the 2nd anniversary of the effective date commencing such Interest Rate Period at 101% declining 1/2% annually to 100% At any time on or after the 2nd anniversary of the effective date commencing such Interest Rate Period at 100 1/2% declining 1/2% annually to 100% At any time on or after the 1st anniversary of the effective date commencing such Interest Rate Period at 100 1/2% declining 1/2% annually to 100% At any time on or after the 1st anniversary of the effective date commencing such Interest Rate Period at 100% Less than or equal to 1 year On the Interest Payment Date which is six months after the effective date of such Interest Rate Period at 100% Notwithstanding the optional redemption schedules set forth above, on or prior to the effective date of the Term Interest Rate Period, the Borrower can provide an alternate optional redemption schedule if it obtains an Approving Opinion.
Sample 1
Optional Redemption During Term Interest Rate Period. During any Term Interest Rate Period other than the initial Term Rate Period, the Bonds shall be subject to optional redemption at the option of the Borrower, in whole or from time to time in part, at the times (measured from the first day of the applicable Term Interest Rate Period), and at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued interest, if any, to the redemption date:
Sample 1

Related to Optional Redemption During Term Interest Rate Period

  • No Optional Redemption The Notes shall not be redeemable by the Company prior to the Maturity Date, and no sinking fund is provided for the Notes.

  • Special Optional Redemption Upon the occurrence of a “Change of Control”, the Issuer may, at its option, redeem the Series C Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, for cash, at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date, the Issuer exercises any of its redemption rights relating to the Series C Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series C Preferred Stock will not have the conversion rights described below.

  • Optional Redemption Except as set forth below, the Issuer shall not be entitled to redeem the Securities. On and after May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed in percentages of principal amount on the redemption date), plus accrued interest to 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), if redeemed during the 12-month period commencing on May 15 of the years set forth below: Period Redemption Price 2017 105.156 % 2018 103.438 % 2019 101.719 % 2020 and thereafter 100.000 % In addition, at any time prior to May 15, 2017, the Issuer shall be entitled at its option on one or more occasions to redeem Securities (which includes Additional Securities, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Securities (which includes Additional Securities, if any) issued prior to such date at a redemption price (expressed as a percentage of principal amount) of 106.875%, plus accrued and unpaid interest to 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), with an amount not to exceed the net cash proceeds from one or more Equity Offerings; provided, however, that (1) at least 65% of such aggregate principal amount of Securities (which includes Additional Securities, if any) remains outstanding immediately after the occurrence of each such redemption (with Securities held, directly or indirectly, by the Issuer or its Affiliates being deemed to be not outstanding for purposes of such calculation); and (2) notice of such redemption has been given within 90 days after the date of the related Equity Offering. Prior to May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities at a redemption price equal to 100% of the principal amount of the Securities plus the Applicable Premium as of, and accrued and unpaid interest to, 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).

  • Optional Redemption at Election of Company Subject to the provisions of this Section 6, the Company may deliver a notice to the 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 this Debenture for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may not deliver an Optional Redemption Notice if there is an existing Event of Default or an existing event which, with the passage of time or giving of notice, would constitute an Event of Default. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company on the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full. Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.

  • Notice of Optional Redemption Selection of Notes 82 Section 16.03 . Payment of Notes Called for Redemption 84 Section 16.04 . Restrictions on Redemption 84 ARTICLE 17 MISCELLANEOUS PROVISIONS Section 17.01 . Provisions Binding on Company’s Successors 84 Section 17.02 . Official Acts by Successor Corporation 84 Section 17.03 . Addresses for Notices, Etc. 85 Section 17.04 . Governing Law; Jurisdiction 85 Section 17.05 . Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 86 Section 17.06 . Legal Holidays 86 Section 17.07 . No Security Interest Created 87 Section 17.08 . Benefits of Indenture 87 Section 17.09 . Table of Contents, Headings, Etc. 87 Section 17.10 . Authenticating Agent 87 Section 17.11 . Execution in Counterparts 88 Section 17.12 . Severability 88 Section 17.13 . Waiver of Jury Trial 88 Section 17.14 . Force Majeure 88 Section 17.15 . Calculations 89 Section 17.16 . USA PATRIOT Act 89 EXHIBIT Exhibit A Form of Note A-1 INDENTURE dated as of September 21, 2018 between SPLUNK INC., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01) and U.S. BANK NATIONAL ASSOCIATION, as trustee (the “Trustee,” as more fully set forth in Section 1.01).

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

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