Optional Redemption On or After Clause Samples
The "Optional Redemption On or After" clause allows the issuer of a security, such as a bond, to redeem or buy back the security from investors on or after a specified date before its scheduled maturity. Typically, this means that after the stated date, the issuer can choose to repay the principal and any applicable interest, often at a predetermined price or under certain conditions. This clause provides issuers with flexibility to manage their debt obligations, such as refinancing at lower interest rates, while also informing investors of the earliest possible date their investment could be repaid early.
Optional Redemption On or After. June 1, 2010. The Notes are not redeemable before June 1, 2010. Thereafter, the Company may redeem the Notes, at its option, in whole or in part, upon not less than 30 nor more than 60 days' notice, at a redemption price at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest to (but not including) the redemption date, if redeemed during the twelve-month period beginning on June 1 of the years set forth below: Year Percentage ---- ---------- 2010.......................................................... 105.250% 2011 and thereafter........................................... 100.000% In addition, the Company must pay accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed to the Redemption Date.
Optional Redemption On or After. October 1, 2010. The Notes are not redeemable before October 1, 2010. Thereafter, the Company may redeem the Notes, at its option, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at a redemption price at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest to (but not including) the redemption date, if redeemed during the twelve-month period beginning on October 1 of the years set forth below: 2010 106.750 % 2011 and thereafter 100.000 % In addition, the Company must pay accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed to the redemption date.
Optional Redemption On or After. May 15, 2019 Optional Redemption prior to May 15, 2019
Optional Redemption On or After. The Company may redeem the Notes, at its option, in whole or in part, at any time on or after upon providing not less than 30 nor more than 60 days’ prior written notice to the Holders, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the date fixed for redemption, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. If money sufficient to pay the redemption price of all of the Notes, or portions thereof, to be redeemed on the applicable Redemption Date is irrevocably deposited with the Trustee or Paying Agent on or before the applicable Redemption Date are satisfied, then on and after such Redemption Date, interest will cease to accrue on such Notes, or such portion thereof, called for redemption.
Optional Redemption On or After. October 20, 2023. Except as set forth in Article 16, the Notes shall not be redeemable by the Company prior to October 20, 2023, and no sinking fund is provided for the Notes. On or after October 20, 2023, the Company may redeem (an “Optional Redemption”) for cash all or any portion of the Notes (subject to the Partial Redemption Limitation) at the Redemption Price, at the Company’s option, if the Last Reported Sale Price of the Ordinary Shares has been at least 130% of the Conversion Price then in effect for at least 20 Trading Days (whether or not consecutive) during any 30 consecutive Trading Day period (including the last Trading Day of such period) ending on, and including, the Trading Day immediately preceding the date on which the Company provides the Notice of Optional Redemption (an “Optional Redemption Notice Date”) in accordance with Section 17.02.