Optional Redemption Right. Commencing six months after the Original Issuance Date, the Company shall have the right, exercisable on not less than twenty (20) Trading Days prior written notice to the Holder of the Debentures, to prepay in part or in full the Debenture in accordance with this Section 7. Any notice of prepayment hereunder (an “Optional Prepayment”) shall be delivered to the Holders of the Debentures and shall state (1) that the Company is exercising its right to prepay the Debentures issued on the Original Issue Date and (2) the date of prepayment (the “Optional Prepayment Notice”). On the date fixed for prepayment (the “Optional Prepayment Date”), the Company shall make payment of the Optional Prepayment Amount (as defined below) to the Holder. If the Company exercises its right to prepay the Debenture, the Company shall make payment to the Holder of an amount in cash equal to the sum of the then outstanding principal amount of this Debenture plus any amount of interest owed hereunder to the Holder (“Optional Prepayment Amount”). The Holder shall at all times prior to the Optional Prepayment Date maintain the right to convert all or any portion of the Debenture and any portion of Debenture so converted after receipt of an Optional Prepayment Notice and prior to the Optional Prepayment Date set forth in such notice and payment of the aggregate Optional Prepayment Amount shall be deducted from the principal amount of Debenture which is otherwise subject to prepayment pursuant to such notice. If the Company delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Debenture on the Optional Prepayment Date, then the Company shall forfeit its right to prepay the Debenture pursuant to such Optional Prepayment Notice and shall thereafter forfeit its right to Optional Prepayment.
Optional Redemption Right. The Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of Twenty-Five Dollars ($25.00) per share, plus any accrued and unpaid dividends thereon to, but not including, the date fixed for redemption. If the Corporation elects to redeem any shares of Series D Preferred Stock as described in this Section 5(a), it may use any available cash to pay the redemption price, and it will not be required to pay the redemption price only out of the proceeds from the issuance of other equity securities or any other specific source.
Optional Redemption Right. At any time, the Company may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series E Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of Twenty-Five Dollars ($25.00) per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption.
Optional Redemption Right. Subject to the provisions of this article, at any time the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and 10 trading days from the date of such notice is deemed delivered hereunder will be the “Optional Redemption Notice Date”) of its irrevocable election to redeem all (but not less than all) of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for cash at a redemption price equal to: 130% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for one to 360 days after this note is funded; 127.5 percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 361 one to 720 days after this note is funded; 125% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 721 days to 1,081 days after this note is funded; 122.5% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,082 to 1,441 twenty days after this note is funded; 120% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,442 days after this note is funded;
Optional Redemption Right. (i) The Corporation shall have the right at any time to repurchase (a “Optional Redemption”) all of the then outstanding Series C Preferred Stock at a price equal to 105% of the Stated Value of such shares of Series C Preferred Stock (the “Optional Redemption Price”), plus all accrued but unpaid dividends thereon to the date of payment, in cash. The Corporation must deliver a notice of the Optional Redemption to the Holders at least twenty (20) Trading Days prior the date of the Optional Redemption (the “Optional Redemption Date”), which notice shall state the date of the Optional Redemption Date and the Optional Redemption Price.
(ii) Upon receipt of payment of the Optional Redemption Price by the Holders of Series C Preferred Stock, each Holder will deliver the certificate(s) evidencing the Series C Preferred Stock redeemed by the Corporation, unless such Holder is awaiting receipt of a new certificate evidencing such shares from the Corporation pursuant to another provision hereof. At any time on or prior to the Optional Redemption Date, the Holders may convert any or all of the shares of Series C Preferred Stock, and the Corporation shall honor any such conversions in accordance with the terms hereof.
Optional Redemption Right. At any time after June 7,2014, the holders of not less than fifty percent (50%) of the Series A Preferred Shares then outstanding may request redemption of all Series A Preferred Shares by delivering one hundred eighty (180) days written notice of such request to the Corporation. As soon as practicable following receipt of such request, the Corporation shall give written notice of such request to all other holders of Series A Preferred Shares. The Corporation shall be required to redeem all Series A Preferred Shares within one hundred eighty (180) days after receipt of the redemption request at a price per share equal to the Original Series A Issue Price (as adjusted for any stock splits, stock consolidations, stock dividends, recapitalization or the like) plus all declared but unpaid dividends for each such Series A Preferred Share.
Optional Redemption Right. The Issuer shall be entitled to redeem (an “Optional Redemption”) at any time and from time to time all or any portion of the outstanding Principal (the “Optional Redemption Amount”) on the terms and subject to the conditions of this Section 6 for a cash price equal to the Optional Redemption Price; provided that any Optional Redemption shall be suspended, and the Issuer shall have no obligation to consummate any such Optional Redemption, at any time following delivery of a Redemption Notice, if the Noteholder’s entitlement to redemption shall have been suspended pursuant to the terms of this Note.
Optional Redemption Right. The Series A Preferred Stock shall not be redeemable by the Corporation prior to December 31, 2017, except following a Change of Control as provided in paragraph (c) of this Section 5. On and after December 31, 2017, the Corporation may redeem the Series A Preferred Stock, in whole at any time or from time to time in part, at the option of the Corporation, for cash, at a redemption price of $50.00 per share of Series A Preferred Stock, plus the amounts indicated in paragraph (d) of this Section 5.
Optional Redemption Right. Subject to the provisions of this article, at any time the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and 10 trading days from the date of such notice is deemed delivered hereunder will be the “Optional Redemption Notice Date”) of its irrevocable election to redeem all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for cash at a redemption price equal to: one hundred and ten percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note.
Optional Redemption Right. At any time and from time to time from and after the third (3rd) anniversary of the Effective Date (the “Optional Redemption Date”), the Partnership shall have the right to redeem pro rata from all holders of Class B Units any or all of the then-outstanding Class B Units for cash in an amount equal to the Class B Liquidation Value per Class B Unit being redeemed from each such Class B Limited Partner; provided, however, each redemption of Class B Units by the Partnership pursuant to this Section 3.17(a) shall be in an aggregate amount of not less than $25,000,000; provided further, however, that, (i) during any DD Period or Extended DD Period, the Partnership shall not have the right to redeem Class B Units pursuant to this Section 3.17(a) and (ii) during any PPD Period, the Partnership shall not have the right to redeem Class B Units pursuant to this Section 3.17(a) from any Investor unless such redemption is a redemption of all of the Class B Units then outstanding. If the Partnership elects to redeem any such Class B Units on or following the Optional Redemption Date, in connection with each such redemption it shall deliver to each holder of Class B Units a written notice (each, a “Redemption Notice”) stating (i) the total number of Class B Units to be redeemed pursuant to this Section 3.17(a), (ii) the number of Class B Units to be redeemed from each holder of Class B Units (which, if less than all outstanding Class B Units are being redeemed, shall be calculated as the total number of Class B Units being redeemed multiplied by each such holder’s Class B Sharing Percentage), (iii) the cash amount to be paid for each Class B Unit (calculated as provided above) in connection with such redemption and (iv) the date on which such redemption shall occur (which shall be not less than ten (10) days nor more than thirty (30) days following the date of the applicable Redemption Notice).
