Optional Redemption Upon Public Equity Offerings. At any time, or ------------------------------------------------ from time to time, on or prior to February 1, 2002, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined in the Indenture) to redeem up to an aggregate of 35% of the principal amount of the Notes originally issued at a redemption price equal to 111.375% of the principal amount thereof plus accrued and unpaid interest thereon, if any, to the date of redemption; provided that at least 55% -------- of the initial aggregate principal amount of Notes originally issued remains outstanding immediately after any such redemption. In order to effect the foregoing redemption with the proceeds of any Public Equity Offering, the Company shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.
Optional Redemption Upon Public Equity Offerings. The Company may redeem in the aggregate up to 35% of the aggregate principal amount of Notes originally issued at any time and from time to time prior to August 15, 2007 at a Redemption Price equal to 109.00% of the aggregate principal amount so redeemed, plus accrued and unpaid interest, if any, to the Redemption Date out of the Net Proceeds of one or more Public Equity Offerings; provided that
(1) at least 65% of the principal amount of Notes originally issued remains outstanding immediately after the occurrence of any such redemption; and
(2) any such redemption occurs within 60 days following the closing of such Public Equity Offering.
Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to February 15, 2019, the Issuer 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 principal amount of the Notes (including any Additional Notes) outstanding under the Indenture at a Redemption Price of 109.500% of the principal amount thereof plus accrued and unpaid interest thereon, if any, to the date of redemption; provided that:
Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to July 1, 2001, the Issuers may, at their option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem the Notes at a redemption price equal to 111.25% of the principal amount thereof plus accrued and unpaid interest thereon, if any, to the date of redemption; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption. In order to effect the foregoing redemption with the proceeds of any Public Equity Offering, the Issuers shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.
Optional Redemption Upon Public Equity Offerings. In addition, at any time and from time to time prior to May 1, 2002, the Issuers may redeem in the aggregate up to 35% of the original principal amount of the Notes (including the original principal amount of any Additional Notes) with the proceeds of one or more Public Equity Offerings, at a redemption price (expressed as a percentage of principal amount) of 110.500% plus accrued and unpaid interest to 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 65% of the aggregate principal amount of the Notes originally outstanding (including the original principal amount of any Additional Notes) must remain outstanding after each such redemption. In order to effect the foregoing redemption with the proceeds of any Public Equity Offering, the Issuers shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.
Optional Redemption Upon Public Equity Offerings. In addition, at any time and from time to time on or prior to July 1, 2002, the Company may redeem in the aggregate up to 35% of the originally issued aggregate principal amount of the Securities with the net cash proceeds of one or more Public Equity Offerings by the Company at a redemption price in cash equal to 112.500% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date (subject to the right of Holders of record on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date); provided, however, that at least 65% of the originally issued aggregate principal amount of the Securities must remain outstanding immediately after giving effect to each such redemption (excluding any Securities held by the Company or any of its Affiliates). Notice of any such redemption must be given within 60 days after the date of the closing of the relevant Public Equity Offering of the Company.
Optional Redemption Upon Public Equity Offerings. Notwithstanding the foregoing, at any time, or from time to time, on or prior to November 15, 1999, 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 aggregate principal amount of Notes; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve- month period commencing on November 15 of the year set forth below, plus, in each case, accrued interest to the date of redemption: Year Percentage ---- ---------- 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500%
Optional Redemption Upon Public Equity Offerings. At any time, or ------------------------------------------------ from time to time, on or prior to July 15, 2000, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings (as defined below) to redeem (the "Equity Proceeds Offer") up to 35% of the aggregate principal amount of Notes originally issued pursuant to the Offering at a redemption price of 110.25% of the aggregate principal amount of Notes to be redeemed, plus accrued and unpaid interest, to such redemption date; provided that at least $65.0 -------- million in aggregate principal amount of Notes remains outstanding immediately after any such redemption.
Optional Redemption Upon Public Equity Offerings. (a) In the event the Issuer completes one or more Public Equity Offerings on or before February 17, 2007, the Issuer may, at its option, use the net cash proceeds from any such Public Equity Offering to redeem up to a maximum 35% of the initially outstanding aggregate principal amount of the Notes (a "Special Redemption") at a Redemption Price of 107.25% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption; provided, however, that at least 65% of the principal amount of the Notes will remain outstanding immediately after each such Special Redemption.
(b) As used in paragraph (a) above, "Public Equity Offering" means an underwritten public offering of Qualified Stock of Parent or the Issuer pursuant to a registration statement filed with the Commission in accordance with the Securities Act; provided that in the event of a Public Equity Offering by Parent, Parent contributes to the capital of the Issuer as common equity the portion of the net cash proceeds of such Public Equity Offering necessary to pay the aggregate redemption price (plus accrued and unpaid interest thereon to the redemption date) of the Notes to be redeemed pursuant to the preceding paragraph. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.
Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to March 15, 2007, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the Notes issued under the Indenture at a Redemption Price equal to 109.75% of the principal amount thereof, plus accrued and unpaid interest and Additional Interest (if any), to the date of redemption, provided that at least 65% of the principal amount of Notes issued under the Indenture remains outstanding immediately after any such redemption; and provided, further, that the Company shall make such redemption not more than 120 days after the consummation of any such Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed by lot, only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
