Common use of Optional Redemption On or After Clause in Contracts

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.

Appears in 3 contracts

Samples: Note Purchase Agreement (Baseline Oil & Gas Corp.), Note Purchase Agreement (Baseline Oil & Gas Corp.), Note Purchase Agreement (Baseline Oil & Gas Corp.)

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Optional Redemption On or After. October June 1, 2010. The Notes are not redeemable before October 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 October June 1 of the years set forth below: 2010 106.750 105.250 % 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 dateRedemption Date.

Appears in 1 contract

Samples: Global Note (Dune Energy Inc)

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