Preferential Redemption Clause Samples

Preferential Redemption. At the Holder’s option, this Note may be redeemed by the Company in cash on the Maturity Date, in whole or in part, at a redemption price equal to 112% of the outstanding principal of the Note plus 100% of the accrued, and unpaid interest thereon up to and through the Maturity Date (the “Redemption Price”); provided that (i) the Maturity Date falls on a date that is after the Release Date, and (ii) the Holder notifies the Company in writing of its option to redeem the Note at the Redemption Price (the “Redemption Notice”) at any time before the nine month anniversary from the Issue Date; provided further that if the Holder delivers the Redemption Notice after the nine month anniversary from the Issue Date, then the Company shall have up to 90 days from the date of delivery of the Redemption Notice to redeem the Note at the Redemption Price, even if such date falls after the Maturity Date, it being understood that, in such instance, interest shall cease to accrue on the Note following the Maturity Date.