Common use of Optional Redemption upon Equity Offerings Clause in Contracts

Optional Redemption upon Equity Offerings. At any time prior to February 15, 2024, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 days of the consummation of any such Equity Offering), up to 40% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 60% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Ryman Hospitality Properties, Inc.)

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Optional Redemption upon Equity Offerings. At any time prior to February 15, 2024[ ], the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500[ ]% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Medical Properties Trust, LLC)

Optional Redemption upon Equity Offerings. At any time prior to February October 15, 20242022, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 40% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500104.750% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 60% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Ryman Hospitality Properties, Inc.)

Optional Redemption upon Equity Offerings. At any time prior to February 15March 1, 20242019, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500% 106.375%, plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Ninth Supplemental Indenture (MPT Operating Partnership, L.P.)

Optional Redemption upon Equity Offerings. At any time prior to February 15May 1, 20242014, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500106.875% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Medical Properties Trust Inc)

Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to February 151, 20242017, the Issuers may redeemare entitled, on any one or more occasionsat their option, with to use an amount equal to all or a portion of the net cash proceeds Net Cash Proceeds of one or more Equity Offerings to redeem up to 35% of the principal amount of the Notes (within 90 together with any Additional Notes) issued under the Indenture at a redemption price of 105.5% of the principal amount thereof plus accrued and unpaid interest thereon, if any, to the date of redemption; provided, however, that: (1) at least 65% of the principal amount of Notes originally issued under the Indenture remains outstanding immediately after such redemption; and (2) the Issuers make such redemption not more than 120 days of after the consummation of any such Equity Offering), up to 40% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 60% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Third Supplemental Indenture (Sabra Health Care REIT, Inc.)

Optional Redemption upon Equity Offerings. At any time prior to February 15, 20242015, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500106.375% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (MPT Operating Partnership, L.P.)

Optional Redemption upon Equity Offerings. At any time on or prior to February April 15, 20242018, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500105.00% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Ryman Hospitality Properties, Inc.)

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Optional Redemption upon Equity Offerings. At any time prior to February April 15, 20242016, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500105.00% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Ryman Hospitality Properties, Inc.)

Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to February March 15, 20242007, the Issuers may redeemmay, on any one or more occasionsat their option, with all or a portion of use an amount not to exceed the net cash proceeds of one or more Equity Offerings (within 90 days of the consummation of any such Equity Offering), to redeem up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) ever issued under this Indenture. The 9% Notes will be redeemed at a redemption price (expressed as a percentage of 109.000% of the aggregate principal amount of the Notes so redeemed) equal to 104.500% thereof, plus accrued and unpaid interest to but not includingand Additional Interest, the Redemption Date (subject if any, to the right date of holders of record on the relevant record date to receive interest due on the relevant interest payment date); providedredemption, however, that provided that: (1) at least 6065% of the original aggregate principal amount of the Notes must remain ever issued under this Indenture remains outstanding immediately after each any such redemption; and (2) the Issuers make such redemption not more than 120 days after the consummation of any such Equity Offering.

Appears in 1 contract

Samples: Indenture (MRS Fields Financing Co Inc)

Optional Redemption upon Equity Offerings. At any time prior to February July 15, 20242025, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 days of the consummation of any such Equity Offering), up to 40% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price Redemption Price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500107.250% plus accrued and unpaid interest to interest, if any, up to, but not includingexcluding, the Redemption Date (subject to the right of holders Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 60% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Indenture (Ryman Hospitality Properties, Inc.)

Optional Redemption upon Equity Offerings. At any time prior to February 15May 1, 20242017, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 90 60 days of the consummation of any such Equity Offering), up to 4035% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.500% 105.50%, plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of holders Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6065% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Appears in 1 contract

Samples: Fifth Supplemental Indenture (MPT Operating Partnership, L.P.)

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