Optional Redemption upon Public Equity Offering Sample Clauses

Optional Redemption upon Public Equity Offering. At any time, or from time to time, on or prior to May 1, 2001, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined) to redeem up to 35% of the Securities issued at a redemption price equal to 109.625% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of redemption; provided that at least 65% of the principal amount of Securities remains outstanding immediately after giving effect to any such redemption. In order to effect the foregoing redemption with the net cash proceeds of a Public Equity Offering, the Company shall send the redemption notice not later than 180 days after the consummation of such Public Equity Offering. 123

Optional Redemption upon Public Equity Offering. Notwithstanding the foregoing clause (a), at any time prior to August 15, 2007, the Company may redeem up to 35% of the aggregate principal amount of the Securities with the net cash proceeds of one or more Equity Offerings at a redemption price equal to 110.500% of the principal amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date; provided that (a) at least 65% of the aggregate principal amount of the Securities remain outstanding immediately after the occurrence of such redemption and (b) such redemption occurs within 60 days of the date of the closing of any such Equity Offering.

Optional Redemption upon Public Equity Offering. In the event that the Company consummates a Public Equity Offering after which there is a Public Market, the Company may, at its option, redeem prior to June 15, 1998, from the proceeds of such Public Equity Offering received by the Company, up to 25% of the aggregate principal amount of the Notes originally issued at a redemption price equal to 113% of the Accreted Value plus accrued interest, if any, to the date of redemption; PROVIDED, HOWEVER, that (1) such redemption may only be effected to the extent that immediately after such redemption not less than 75% in aggregate principal amount of the Notes originally issued remain outstanding (it being expressly agreed that, for purposes of determining whether this condition is satisfied, Notes owned (beneficially or otherwise) by the Company or any of its Affiliates shall not be deemed to be outstanding) and (2) such redemption is effected not more than once and not more than 60 days after the consummation of such Public Equity Offering. The Notes are not entitled to the benefit of any sinking fund.

Optional Redemption upon Public Equity Offering. At any time, or from time to time, on or prior to September 30, 2000, the Issuers may, at their option, use the Net Proceeds of one or more Public Equity Offerings to redeem up to 35% aggregate principal amount at maturity of Securities at a redemption price equal to 110.875% of the Accreted Value thereof; provided that at least 65% of the principal amount at maturity of Securities originally issued remains outstanding immediately after giving effect to any such redemption. In order to effect the foregoing redemption with the Net Proceeds of a Public Equity Offering, the Issuers shall make such redemption not more than 90 days after the consummation of such Public Equity Offering.

Optional Redemption upon Public Equity Offering. At any time on or prior to February 1, 2006, Casella may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a redemption price equal to 109.750% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the redemption date, with the net cash proceeds of Public Equity Offerings by Casella; PROVIDED that (i) at least 65% of the aggregate principal amount of Notes issued under the Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by Casella and its Subsidiaries) and (ii) such redemption shall occur within 90 days of the date of the closing of such Public Equity Offering (disregarding the date of the closing of any over-allotment option with respect thereto).

Optional Redemption upon Public Equity Offering. The Securities may be redeemed in part by the Company at its sole option if, on or before March 1, 2001, the Company receives Net Cash Proceeds of one or more Public Equity Offerings. The Company may use all or a portion of any such Net Cash Proceeds to redeem up to $52,500,000 aggregate principal amount of the Securities, within 90 days of such Public Equity Offering, at a redemption price (expressed as a percentage of the aggregate principal amount of Securities Outstanding) of 111.375% plus accrued and unpaid interest and Special Interest, if any, to the redemption date (subject to the right of holders of record on the relevant record date to receive interest and Special Interest, if any, due on the relevant Interest Payment Date); provided, however, that at least $97,500,000 aggregate principal amount of the Securities shall remain Outstanding after each such redemption. Any such redemption shall be subject to the provisions of Sections 3.2 through 3.7, inclusive.

Optional Redemption upon Public Equity Offering. At any time, or from time to time, on or prior to August 1, 2000, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem up to 35% of the original principal amount of the Securities at a redemption price equal to 110.875% of the principal amount thereof, plus accrued and unpaid interest to the date of redemption; provided that after giving effect to any such redemption at least 65% of the origi-

Optional Redemption upon Public Equity Offering. In ----------------------------------------------- addition, at any time and from time to time on or prior to January 1, 1998, the Company may redeem in the aggregate all, but not less than all, of the original principal amount of the Notes with the proceeds of its initial Public Equity Offering at a redemption price equal to 107% of the principal amount thereof plus accrued and unpaid interest, if any, to the Redemption Date. In order to effect the foregoing redemption with the proceeds of an initial Public Equity Offering, the redemption must be made within 60 days of the date of the consummation of any such initial Public Equity Offering.

Optional Redemption upon Public Equity Offering. Prior to July 15, 2012, Casella may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a redemption price equal to 111.000% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the redemption date, with the net cash proceeds of Public Equity Offerings by Casella; provided that (i) at least 65% of the aggregate principal amount of Notes issued under the Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by Casella and its Subsidiaries) and (ii) such redemption shall occur within 90 days of the date of the closing of such Public Equity Offering (disregarding the date of the closing of any over-allotment option with respect thereto).