Common use of Optional Redemption with Equity Proceeds Clause in Contracts

Optional Redemption with Equity Proceeds. At any time and from time to time prior to April 30, 2026, the Issuers may redeem up to 40% of the Notes with an amount equal to or less than the net cash proceeds of one or more Equity Offerings, at a redemption price equal to 108.375% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to but excluding, 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).

Appears in 2 contracts

Samples: Purchase Agreement (Valaris LTD), Purchase Agreement (Valaris LTD)

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Optional Redemption with Equity Proceeds. At any time and from time to time prior to April 30March 1, 20262018, the Issuers may on any one or more occasions redeem up to 40% of the aggregate principal amount of Notes with an amount equal to or less than issued under the net cash proceeds of one or more Equity Offerings, Indenture at a redemption price equal to 108.375of 105.000% of the principal amount thereofamount, plus accrued and unpaid interest thereoninterest, if any, to but excluding, 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).

Appears in 1 contract

Samples: Underwriting Agreement (CDW Corp)

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Optional Redemption with Equity Proceeds. At any time and from time to time On or prior to April 30July 1, 20262024, the Issuers may may, at their option, redeem up to 40% an aggregate principal amount of the 2031 Notes with an amount equal not to or less than exceed the net cash proceeds of one or more Equity Offerings, from certain equity offerings at a the redemption price equal to 108.375of 104.875% of the principal amount thereof, of the 2031 Notes to be redeemed plus accrued and unpaid interest thereonto, if any, to but excluding, the redemption date (subject date; provided that the amount to be redeemed shall not exceed 40% of the right aggregate principal amount of holders of record on the relevant record date to receive interest due on the relevant interest payment date)2031 Notes.

Appears in 1 contract

Samples: Purchase Agreement (Hilton Grand Vacations Inc.)

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