Common use of Optional Redemption Upon Public Equity Offerings Clause in Contracts

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.

Appears in 2 contracts

Samples: Indenture (GPPW Inc), Senior Subordinated Note (GPPW Inc)

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Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to July March 1, 20012000, the Issuers Company may, at their its option, use the net cash proceeds of one or more Public Equity Offerings (as defined belowin the Indenture) to redeem up to 35% of the aggregate principal amount of Notes originally issued at a redemption price equal to 111.25109.50% 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 Company shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.

Appears in 1 contract

Samples: Indenture (Dyncorp)

Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to July 1December 15, 20012000, the Issuers Company may, at their its option, use the net cash proceeds Cash Net Proceeds of one or more Public Equity Offerings (as defined belowin the Indenture) to redeem the Notes at a redemption price equal up to 111.2535% of the aggregate principal amount thereof plus accrued and unpaid interest thereon, if any, at maturity of Notes originally issued at a Redemption Price equal to 112.5% of Accreted Value as of the date of redemptionRedemption Date; provided that at least 65% of the principal amount at maturity 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 Company shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.

Appears in 1 contract

Samples: Indenture (Del Monte Foods Co)

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Optional Redemption Upon Public Equity Offerings. At any time, or from time to time, on or prior to July March 1, 2001, the Issuers Company may, at their its option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem redeem, in whole or in part, the Notes Debentures at a redemption price equal to 111.2513.75% 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 Company shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.

Appears in 1 contract

Samples: Indenture (MTL Inc)

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