Common use of Optional Redemption Provisions Clause in Contracts

Optional Redemption Provisions. The Notes may be redeemed in whole or at any time or in part from time to time, at the Company's option, at a redemption price equal to the greater of 100% of the principal amount of the Notes to be redeemed, or the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 20 basis points, plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

Appears in 1 contract

Samples: Underwriting Agreement (Caterpillar Inc)

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Optional Redemption Provisions. The Notes may be redeemed in whole or at any time or in part from time to time, at the Company's ’s option, at a redemption price equal to the greater of · 100% of the principal amount of the Notes to be redeemed, or · the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 20 12.5 basis points, plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

Appears in 1 contract

Samples: Underwriting Agreement (Caterpillar Inc)

Optional Redemption Provisions. The Notes Debentures may be redeemed in whole or at any time or in part from time to time, at the Company's option, at a redemption price equal to the greater of 100% of the principal amount of the Notes Debentures to be redeemed, or the sum of the present values of the remaining scheduled payments of principal and interest on the Notes Debentures to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 20 25 basis points, plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

Appears in 1 contract

Samples: Underwriting Agreement (Caterpillar Inc)

Optional Redemption Provisions. The Notes Debentures may be redeemed in whole or at any time or in part from time to time, at the Company's option, at a redemption price equal to the greater of 100% of the principal amount of the Notes Debentures to be redeemed, or the sum of the present values of the remaining scheduled payments of principal and interest on the Notes Debentures to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 20 basis points, plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

Appears in 1 contract

Samples: Underwriting Agreement (Caterpillar Inc)

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Optional Redemption Provisions. The Notes and Debentures may be redeemed in whole or at any time or in part from time to time, at the Company's ’s option, at a redemption price equal to the greater of § 100% of the principal amount of the Notes or Debentures to be redeemed, or § the sum of the present values of the remaining scheduled payments of principal and interest on the Notes or Debentures to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 20 50 basis points, plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

Appears in 1 contract

Samples: Underwriting Agreement (Caterpillar Inc)

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