Optional Redemption Procedures for the Notes Sample Clauses

Optional Redemption Procedures for the Notes. At any time or from time to time before December 15, 2022, the Corporation may, at its option, redeem some or all of the Notes, upon not less than 10 nor more than 60 day’s prior notice, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus the Applicable Premium as of, and accrued and unpaid interest thereon (if any) to, but not including, the redemption date (subject to the right of holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). At any time or from time to time on or after December 15, 2022, the Corporation may, at its option, redeem some or all of the Notes, upon not less than 10 nor more than 60 days’ prior notice, at the redemption prices set forth below (expressed as a percentage of principal amount), plus accrued and unpaid interest thereon (if any) to, but not including, the redemption date (subject to the right of holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date), if redeemed during the twelve months beginning December 15 of the years indicated below: 2022 102.563 % 2023 101.281 % 2024 and thereafter 100.000 % In addition, at any time or from time to time on or before December 15, 2022, the Corporation may, at its option, redeem up to 40% of the original aggregate principal amount of the Notes (including any Additional Notes) at a redemption price equal to 105.125% of the principal amount of the Notes so redeemed, plus accrued and unpaid interest thereon (if any) to the redemption date (subject to the right of holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date), with the net cash proceeds from one or more private placements of, or underwritten public offerings of, its common stock; provided, however, that at least 60% of the original aggregate principal amount of the Notes (including any Additional Notes) would remain outstanding immediately after giving effect to such redemption. Any such redemption shall be made within 180 days of such private placement or public offering upon not less than 10 nor more than 60 days’ prior notice. Notwithstanding the foregoing, in connection with any tender offer for the Notes, including any offer to purchase Notes, if holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in such tender offer and the ...