Premature Redemption Sample Clauses

The Premature Redemption clause defines the conditions under which a financial instrument, such as a bond or note, can be redeemed by the issuer before its scheduled maturity date. Typically, this clause outlines specific events or triggers—such as regulatory changes, tax events, or at the issuer's discretion—that allow for early repayment of principal to investors. By establishing clear terms for early redemption, this clause provides flexibility for issuers to manage their financial obligations while informing investors of the circumstances under which they may receive their investment back ahead of schedule.
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Premature Redemption. In case the Company fails for any reasons to utilize the proceeds for the purpose, the Beneficial Owner(s) / Bondholder(s) will be entitled to rescind / avoid the contract on that ground and to call back the money, if any paid towards subscription of the Bonds. Notwithstanding the above, the Beneficial Owner(s) / Bondholder(s) shall have the right to recall/redeem the Bonds in case the Company defaults / is irregular in the payment of interest and / or installment of principal / downgrading of rating, and / or non-creation of security in terms of this Agreement to the satisfaction of the Beneficial Owner(s) / Bondholder(s) and non-compliance with the terms and conditions of this Agreement.
Premature Redemption. In case the Company fails for any reasons to utilize the proceeds for the Purpose, as specified in the [Offer Letter/ Prospectus/ Disclosure Document], the Debenture Holder(s)/Beneficial Owner will be entitled to rescind/avoid the contract on that ground and to call back the money, if any paid towards subscription of the Debentures.
Premature Redemption. Any premature redemption of OCDs shall be as set out in this Agreement by payment by the Borrower of Prepayment Premium together with payment of entire accrued Interest and any Liquidated Damages and/or Further Interest, if any, due and payable on the OCDs being redeemed prematurely.
Premature Redemption. (i) Except as provided in (ii) below, any premature redemption of OCDs shall be as set out in this Agreement and by payment by the Company of the Prepayment Premium. (ii) The Company may, by providing a notice to IDFC no later than Fifteen (15) days prior to the Reset Date, prematurely redeem the OCDs in full, without payment of any Prepayment Premium, on the Reset Date(s).
Premature Redemption. In case the Company fails for any reasons to utilize the proceeds for the Purpose, as specified in the Disclosure Documents/Prospectus or the Subscription Agreement, the Debenture Holder(s)/Beneficial Owner will be entitled to rescind/avoid the contract on that ground and to call back the money, if any paid towards subscription of the Debentures. Notwithstanding the above, the Debenture holder(s)/Beneficial Owner shall have the right to recall/redeem the Debentures in case the Company defaults/ irregular in the payment of interest/ and / or installment of principal and/or non-creation of security in terms of this Agreement to the satisfaction of the Debenture holder/Beneficial Owner and non-compliance with the terms and conditions of this Agreement.