Common use of Other Optional Redemption Clause in Contracts

Other Optional Redemption. (a) The Issuer or, at the option of the Issuer, any Person designated by the Issuer, may redeem or repurchase the Notes in whole, but not in part, in accordance with this Section 4.3 (the “Early General Redemption”) at any time after February 17, 2009 upon the giving of notice as provided in Section 4.4; provided that, if the Issuer so elects, the Issuer may, in lieu of redeeming the Notes, procure that any Person designated by the Issuer purchase such Notes on the date and price specified in this Section 4.3. Notwithstanding any arrangements between the Issuer and such Person to redeem or repurchase the Notes as set forth above, the Issuer shall remain obligated pursuant to this Section 4.3 to redeem or repurchase the Notes that are not withdrawn in the event that any such Person does not redeem or repurchase the Notes. (b) In the event the Issuer determines to redeem the Notes as permitted under this Section 4.3, the Issuer shall be required to specify in its notice the proposed date of redemption determined pursuant to Section 4.4 (the “Early General Redemption Date”) and shall pay to the Indenture Trustee (on behalf of the Noteholders) on the Early General Redemption Date an amount equal to the sum of (i) the applicable Redemption Price (calculated by the Issuer as of the Early General Redemption Date and confirmed by the Indenture Trustee) and (ii) all accrued but unpaid interest on the Notes at the applicable Note Rate through and excluding the Early General Redemption Date and all other amounts then due and payable on or with respect thereto (collectively, the “Early General Redemption Price”). The Notes shall not be deemed repaid and cancelled unless and until the Indenture Trustee shall have received in the Payment Account the Early General Redemption Price.

Appears in 2 contracts

Samples: Indenture (Brasil Telecom Sa), Indenture (Brasil Telecom Holding Co)

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Other Optional Redemption. (a) The Issuer or, at the option of the Issuer, any Person designated by the Issuer, may redeem or repurchase the Notes in whole, but not in part, in accordance with this Section 4.3 (the “Early General Redemption”"EARLY GENERAL REDEMPTION) at any time after February 17, 2009 upon the giving of notice as provided in Section 4.4; provided PROVIDED that, if the Issuer so elects, the Issuer may, in lieu of redeeming the Notes, procure that any Person designated by the Issuer purchase purchases such Notes on the date and price specified in this Section 4.3. Notwithstanding any arrangements between the Issuer and such Person to redeem or repurchase the Notes as set forth above, the Issuer shall remain obligated pursuant to this Section 4.3 to redeem or repurchase the Notes pursuant to this Section 4.3 that are not withdrawn in the event that any such Person does not redeem or repurchase the Notes. (b) In the event the Issuer determines to redeem the Notes as permitted under this Section 4.3, the Issuer shall be required to specify in its notice the proposed date of redemption determined pursuant to Section 4.4 (the “Early General Redemption Date”"EARLY GENERAL REDEMPTION DATE") and shall pay to the Indenture Trustee (on behalf of the Noteholders) on the Early General Redemption Date an amount equal to the sum of (i) the applicable Redemption Price aggregate principal amount of the Notes that are then Outstanding, (ii) a Make-Whole Premium (calculated by the Issuer as of the Early General Redemption Date and confirmed by the Indenture Trustee) and (iiiii) all accrued but unpaid interest on the Notes at the applicable Note Rate through and excluding the Early General Redemption Date and all other amounts then due and payable on or with respect thereto (collectively, the “Early General Redemption Price”"EARLY GENERAL REDEMPTION PRICE"). The Notes shall not be deemed repaid and cancelled unless and until the Indenture Trustee shall have received in the Payment Account the Early General Redemption Price.

Appears in 1 contract

Samples: Indenture (American Beverage Co Ambev)

Other Optional Redemption. (a) The Issuer or, at the option of the Issuer, any Person designated by the Issuer, may redeem or repurchase the Notes in whole, but not in part, in accordance with this Section 4.3 (the “Early General Redemption”) at any time after February 17December 18, 2009 2008 upon the giving of notice as provided in Section 4.4; provided that, if the Issuer so elects, the Issuer may, in lieu of redeeming the Notes, procure that any Person designated by the Issuer purchase purchases such Notes on the date and price specified in this Section 4.3. Notwithstanding any arrangements between the Issuer and such Person to redeem or repurchase the Notes as set forth above, the Issuer shall remain obligated pursuant to this Section 4.3 to redeem or repurchase the Notes that are not withdrawn in the event that any such Person does not redeem or repurchase the Notes. (b) In the event the Issuer determines to redeem the Notes as permitted under this Section 4.3, the Issuer shall be required to specify in its notice the proposed date of redemption determined pursuant to Section 4.4 (the “Early General Redemption Date”) and shall pay to the Indenture Trustee (on behalf of the Noteholders) on the Early General Redemption Date an amount equal to the sum of (i) the applicable Redemption Price (calculated by the Issuer as of the Early General Redemption Date and confirmed by the Indenture Trustee) and (ii) all accrued but unpaid interest on the Notes at the applicable Note Rate through and excluding the Early General Redemption Date and all other amounts then due and payable on or with respect thereto (collectively, the “Early General Redemption Price”). The Notes shall not be deemed repaid and cancelled unless and until the Indenture Trustee shall have received in the Payment Account the Early General Redemption Price.

Appears in 1 contract

Samples: Indenture (Tele Norte Leste Participacoes Sa)

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Other Optional Redemption. (a) The Issuer or, at the option of the Issuer, any Person designated by the Issuer, may redeem or repurchase the Notes in whole, but not in part, in accordance with this Section 4.3 (the "Early General Redemption) at any time after February 17, 2009 upon the giving of notice as provided in Section 4.4; provided that, if the Issuer so elects, the Issuer may, in lieu of redeeming the Notes, procure that any Person designated by the Issuer purchase purchases such Notes on the date and price specified in this Section 4.3. Notwithstanding any arrangements between the Issuer and such Person to redeem or repurchase the Notes as set forth above, the Issuer shall remain obligated pursuant to this Section 4.3 to redeem or repurchase the Notes pursuant to this Section 4.3 that are not withdrawn in the event that any such Person does not redeem or repurchase the Notes. (b) In the event the Issuer determines to redeem the Notes as permitted under this Section 4.3, the Issuer shall be required to specify in its notice the proposed date of redemption determined pursuant to Section 4.4 (the "Early General Redemption Date") and shall pay to the Indenture Trustee (on behalf of the Noteholders) on the Early General Redemption Date an amount equal to the sum of (i) the applicable Redemption Price aggregate principal amount of the Notes that are then Outstanding, (ii) a Make-Whole Premium (calculated by the Issuer as of the Early General Redemption Date and confirmed by the Indenture Trustee) and (iiiii) all accrued but unpaid interest on the Notes at the applicable Note Rate through and excluding the Early General Redemption Date and all other amounts then due and payable on or with respect thereto (collectively, the "Early General Redemption Price"). The Notes shall not be deemed repaid and cancelled unless and until the Indenture Trustee shall have received in the Payment Account the Early General Redemption Price.

Appears in 1 contract

Samples: Indenture (American Beverage Co Ambev)

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