Common use of Optional Redemption Price Clause in Contracts

Optional Redemption Price. The Optional Redemption Price for any Note called for Optional Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Optional Redemption Date for such Optional Redemption; provided, however, that if such Optional Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest); and (ii) the Optional Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Optional Redemption Date (or, for the avoidance of doubt, any Additional Amounts referred to in the preceding parenthetical). For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Optional Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Optional Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment Date.

Appears in 1 contract

Samples: Indenture (Ascendis Pharma a/S)

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Optional Redemption Price. The A Notice of Optional Redemption may not be conditional. Failure to give such notice by mail or any defect in the notice to any New Noteholder shall not affect the validity of the proceedings for the redemption with respect to the New Limestone Notes held by other New Noteholders. Each Notice of Optional Redemption shall be given at least 30 days but not more than 60 days before the applicable Optional Redemption Date and shall specify (a) the Optional Redemption Date; (b) the formula by which the Optional Redemption Price for any Note called for will be calculated on the Optional Redemption Date, and the amount of accrued and unpaid interest, if any, to be due as of the Optional Redemption Date as a part of the Optional Redemption Price; (c) that on the Optional Redemption Date, the Optional Redemption Price will become due and payable upon each such New Limestone Note to be redeemed and that interest shall cease to accrue on such New Limestone Note on and after such date; (d) if any New Limestone Note is an amount being redeemed in cash equal to part, the portion of the principal amount of such New Limestone Note plus accrued to be redeemed and unpaid interest on such Note tothat, but excluding, after the Optional Redemption Date Date, upon surrender of such New Limestone Note, a new New Limestone Note or new New Limestone Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original New Limestone Note; (e) the name and address of the Paying Agent; (f) that New Limestone Notes called for such Optional Redemption; provided, however, that if such redemption must be surrendered to the Paying Agent to collect the Optional Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then Price; (ig) the Holder paragraph of such Note at the Close New Limestone Notes and/or the Section of Business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, this New Indenture pursuant to receive, on or, at which the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely New Limestone Notes called for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest)redemption are being redeemed; and (iih) that no representation is made as to the Optional Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Optional Redemption Date (or, for correctness or accuracy of the avoidance of doubt, any Additional Amounts referred to in the preceding parenthetical). For the avoidance of doubtCUSIP or ISIN number, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and any, listed in such Optional Redemption Date occurs notice or printed on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Optional Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment DateNew Limestone Notes.

Appears in 1 contract

Samples: Indenture (El Paso Corp/De)

Optional Redemption Price. The Optional Redemption Price Price” for any Note called for Optional Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Optional Redemption Date for such Optional RedemptionRedemption plus the Applicable Premium (if the Applicable Premium is greater than zero); provided, however, that if such Optional Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the Close close of Business business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest); and (ii) the Optional Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Optional Redemption Date (or, for the avoidance of doubt, any Additional Amounts referred to in the preceding parenthetical)Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Optional Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), paid on the next Business Day to Holders as of the Close close of Business business on the immediately preceding Regular Record Date; and (y) the Optional Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment Date.

Appears in 1 contract

Samples: Indenture (Bloom Energy Corp)

Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to any Optional Redemption shall be (x) (i) in the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this Note sought to be exchanged in such Exchange Notice (i.e., excluding compoundings of interest pursuant to Section 2.1(b)), or (ii) in the case of a Standstill Period Optional Redemption, the unpaid principal amount of this Note, as reduced to permit the Exchange of Shares provided by Section 4.1 (ii), multiplied by (y) fourteen percent (14%) per year, in either case from and including the Issue Date to but excluding the date of payment of the Optional Redemption Price, compounded annually, for the actual number of days elapsed. (b) The Company shall pay the Optional Redemption Price for any Note called for Optional Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest Holder, in immediately available funds, on such Note to, but excluding, the Optional Redemption Date for such Optional Redemption; provided, however, that if such Optional Redemption Date is after a Regular Record Date and on or before . If the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, Company fails to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest); and (ii) pay the Optional Redemption Price will not include accrued and unpaid to the Holder on the Optional Redemption Date, then the Holder shall be entitled to interest on the unpaid portion of such Note to, but excluding, such redemption payment at the Default Rate from the Optional Redemption Date (or, for the avoidance of doubt, any Additional Amounts referred to in the preceding parenthetical). For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Optional Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) until the Optional Redemption Price will include and all accrued interest on Notes thereon is paid in full. In the event the Company redeems the entire remaining unpaid principal amount of this Note, together with all interest accrued thereon and all other amounts due in connection therewith, the Holder shall return this Note to be redeemed from, and including, such Interest Payment Datethe Company for cancellation.

Appears in 1 contract

Samples: Note Purchase Agreement (Reschke Michael W)

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Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to any Optional Redemption shall be (x) (i) in the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this Note sought to be exchanged in such Exchange Notice (i.e., excluding compoundings of interest pursuant to Section 2.1(b)), or (ii) in the case of a Standstill Period Optional Redemption, the unpaid principal amount of this Note, as reduced to permit the Exchange of Shares provided by Section 4.1(ii), multiplied by (y) fourteen percent (14%) per year, in either case from and including the Issue Date to but excluding the date of payment of the Optional Redemption Price, compounded annually, for the actual number of days elapsed. (b) The Company shall pay the Optional Redemption Price for any Note called for Optional Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest Holder, in immediately available funds, on such Note to, but excluding, the Optional Redemption Date for such Optional Redemption; provided, however, that if such Optional Redemption Date is after a Regular Record Date and on or before . If the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, Company fails to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest); and (ii) pay the Optional Redemption Price will not include accrued and unpaid to the Holder on the Optional Redemption Date, then the Holder shall be entitled to interest on the unpaid portion of such Note to, but excluding, such redemption payment at the Default Rate from the Optional Redemption Date (or, for the avoidance of doubt, any Additional Amounts referred to in the preceding parenthetical). For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Optional Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) until the Optional Redemption Price will include and all accrued interest on Notes thereon is paid in full. In the event the Company redeems the entire remaining unpaid principal amount of this Note, together with all interest accrued thereon and all other amounts due in connection therewith, the Holder shall return this Note to be redeemed from, and including, such Interest Payment Datethe Company for cancellation.

Appears in 1 contract

Samples: Note Purchase Agreement (Reschke Michael W)

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