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REDEMPTION AT THE OPTION Sample Clauses

REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, that the -------- Securities are not redeemable prior to October 14, 2000. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount on the dates shown below and at Stated Maturity, which prices reflect the accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from, and including, the next preceding date in the table to, but excluding, the actual Redemption Date. REDEMPTION REDEMPTION DATE PRICE ------------------ ---------- October 14, 2000.................................... $ 590.29 October 14, 2001.................................... 608.88 October 14, 2002.................................... 628.05 October 14 ,2003.................................... 647.83 October 14, 2004.................................... 668.24 October 14, 2005.................................... 689.28 October 14, 2006.................................... 710.99 October 14, 2007.................................... 733.38 October 14, 2008.................................... 756.48 October 14, 2009.................................... 780.31 October 14, 2010.................................... 804.88 October 14, 2011.................................... 830.23 October 14, 2012.................................... 856.38 October 14, 2013.................................... 883.35 October 14, 2014.................................... 911.17 October 14, 2015.................................... 939.87 October 14, 2016.................................... 969.47 At maturity......................................... 1,000.00 If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued and unpaid from, and including, the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before October 14, 2000.
Sample 1
REDEMPTION AT THE OPTION. OF THE WARRANTHOLDER Crystallex shall, at the option of a Warrantholder, redeem Warrants in whole or in part, prior to expiry of such Warrants, upon delivery of a notice by the Warrantholder to Crystallex and the Warrant Agent (in the manner hereinafter provided and in accordance with and subject to the provisions hereinafter set forth) in the event any of the following shall occur: (a) a Registration Statement is filed with and declared effective by the SEC but thereafter ceases to be effective at any time at which there are Warrants outstanding hereunder and Crystallex shall fail to file a subsequent Registration Statement with the SEC and use its best efforts to cause such Registration Statement to be declared effective by the SEC within 10 business days thereafter; (b) the trading in the Common Shares shall have been suspended or cease traded by the SEC or the AMEX (except for any suspension of trading of limited duration solely to permit dissemination of material information regarding Crystallex and except if, at the time there is any suspension on the AMEX, the Common Shares are then listed and approved for trading on either the New York Stock Exchange, the Nasdaq SmallCap Market, or the Nasdaq National Market within two trading days thereof); (c) Crystallex shall fail to use its best efforts to take all actions necessary to cause the Registration Statement to be declared and remain effective by the SEC within 120 days after the Effective Date (such actions including amending or supplementing the prospectus); (d) Crystallex shall fail to maintain a reserve of duly allotted and authorized Common Shares that is at least equal to the number of Common Shares which would be issuable upon conversion in full of the full number of Convertible Notes outstanding hereunder and all outstanding Warrants, and such failure shall remain uncured for fifteen days after the first date on which such reserve is no longer maintained; (e) Crystallex shall fail to take all steps necessary to cause the Common Shares (including the Common Shares issuable upon conversion of Convertible Notes and the exercise of the Warrants hereunder) to be listed on the AMEX within 120 days after the Effective Date (or, if earlier, on or prior to the date on which the Registration Statement is declared effective by the SEC) or the Corporation shall fail to take all steps necessary to thereafter to maintain such listing on the AMEX, and such failure shall remain uncured for fifteen days after ...
Sample 1
REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, however, that -------- ------- the Securities are not redeemable prior to April 15, 2002. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT 4.75% (1) + (2) --------------- ------- ------- --------- April 15, 2002.... $391.06 $103.46 $ 494.52 April 15, 2003.... 391.06 127.23 518.29 April 15, 2004.... 391.06 152.14 543.20 April 15, 2005.... 391.06 178.25 569.31 April 15, 2006.... 391.06 205.61 596.67 April 15, 2007.... 391.06 234.29 625.35 April 15, 2008.... 391.06 264.34 655.40 April 15, 2009.... 391.06 295.85 686.91 April 15, 2010.... 391.06 328.86 719.92 April 15, 2011.... 391.06 363.46 754.52 April 15, 2012.... 391.06 399.73 790.79 April 15, 2013.... 391.06 437.74 828.80 April 15, 2014.... 391.06 477.57 868.63 April 15, 2015.... 391.06 519.32 910.38 April 15, 2016.... 391.06 563.08 954.14 At Maturity.......
Sample 1
REDEMPTION AT THE OPTION of the Issuer (Make-Whole Call) (a) not less than 10 nor more than 60 days’ notice to the Noteholders in accordance with Condition 12 (Notices); and (b) notice to the Trustee and the Principal Paying Agent not less than 10 days before the giving of the notice referred to in (a); (which notices shall be irrevocable and shall specify the date fixed for redemption (the “Optional Redemption Date”)), redeem all (but not some only) of the Notes at the Optional Redemption Amount together, if appropriate, with interest accrued to (but excluding) the Optional Redemption Date. For the purposes of this Condition 6.3, the “Optional Redemption Amount” will be an amount, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate (which for the avoidance of doubt shall not include the Trustee or the Principal Paying Agent), which is the higher of: (a) 101 per cent. of the principal amount of the Notes to be redeemed; and (b) as determined by the Reference Dealers (as defined below), the sum of the then current values of the remaining scheduled payments of principal and interest (not including any interest accrued on the Notes to, but excluding, the Optional Redemption Date) discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Bond Rate (as defined below) plus the Redemption Margin,
Sample 1
REDEMPTION AT THE OPTION. OF THE COMPANY For so long as all of the Euro Notes due 2013 are represented by this permanent Global Security or by this permanent Global Security and the temporary Global Security and such Global Security(s) is/are held on behalf of the relevant Clearing Systems, no drawing of Euro Notes due 2013 to be redeemed will be required under Section 703 of the Second Supplemental Indenture in the event that the Company exercises its option pursuant to Section 702 of the Second Supplemental Indenture in respect of less than the aggregate principal amount of the Euro Notes due 2013 outstanding at such time. In such event, the partial redemption will be effected in accordance with the rules and procedures of the relevant Clearing Systems (to be reflected in the records of the relevant Clearing Systems as either a pool factor or a reduction in nominal amount, at their discretion). ARTICLE TEN THE RELEVANT CLEARING SYSTEMS The Euro Notes due 2013 represented by this permanent Global Security are transferable in accordance with the rules and procedures of the relevant Clearing Systems. ARTICLE ELEVEN AUTHENTICATION AND EFFECTUATION This permanent Global Security shall not become valid or enforceable for any purpose unless and until it has been authenticated by or on behalf of the Trustee referred to herein and effectuated by the entity appointed as common safe-keeper by the relevant Clearing Systems. ARTICLE TWELVE GOVERNING LAW This permanent Global Security is governed by, and shall be construed in accordance with, the law of the State of New York.
Sample 1
REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole at any time, or from time to time in part, at the option of the Company at the Redemption Prices set forth below, provided, that the -------- Securities are not redeemable prior to .. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT % (1) + (2) ----------------- ----- -------- ---------- If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued and unpaid from, and including, the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before ..
Sample 1

Related to REDEMPTION AT THE OPTION

  • Redemption at the Option of the Company Unless a Redemption Right is specified on the face hereof, this Security shall not be redeemable at the option of the Company before the Maturity Date specified on the face hereof. If a Redemption Right is so specified, this Security may be redeemed at the option of the Company on any Business Day on and after the date, if any, specified on the face hereof (each, a "Redemption Date"). This Security may be redeemed on any Redemption Date in whole or in part in increments of $1,000 (an "Authorized Denomination") at the option of the Company at a redemption price equal to 100% of the principal amount to be redeemed, together with accrued interest to the Redemption Date, on written notice given not more than 60 days nor less than 5 days prior to the proposed Redemption Date. In the event of redemption of this Security in part only, a new Security for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the surrender hereof.

  • Redemption at the Option of the Issuer The Issuer may (if this Condition 6.2 is specified in the relevant Final Terms as being applicable) having given at least 31 days but not more than 60 days’ notice (or such period as specified in the relevant Final Terms) to PR Debt Instrument Holders in accordance with Condition 18 (which notice must comply with the following paragraph and shall be irrevocable) and subject to satisfaction of any relevant conditions specified in the relevant Final Terms redeem all (but not, unless and to the extent that the relevant Final Terms specify otherwise, some only) of the PR Debt Instruments on the date specified in the Final Terms (“Optional Redemption Date”) at their early redemption amount (call) (“Early Redemption Amount (Call)”) (which shall be their outstanding nominal amount or a percentage of their outstanding nominal amount as specified in the Final Terms) together with accrued interest (if any) thereon. The notice referred to in the preceding paragraph shall specify: (a) the Series of PR Debt Instruments subject to redemption; (b) whether such Series is to be redeemed in whole or in part only and, if in part only, the aggregate nominal amount of the PR Debt Instruments of the relevant Series which are to be redeemed; (c) the due date for redemption; (d) the Early Redemption Amount (Call) at which such PR Debt Instruments are to be redeemed; and (e) whether or not accrued interest is to be paid upon redemption and, if so, the amount thereof or the basis or method of calculation thereof, all as specified in the relevant Final Terms. In the case of a partial redemption of PR Debt Instruments, the PR Debt Instruments to be redeemed will be selected by the I&P Agent or in the case of a Tranche represented wholly by Registered PR Debt Instruments, the Registrar, and notice of the PR Debt Instruments called for redemption (together with the serial numbers thereof) will be published in accordance with Condition 18 not less than 15 days prior to the date fixed for redemption.

  • Redemptions at the Option of the Trust The Board of Trustees may, from time to time, without the vote or consent of the Shareholders, and subject to the 1940 Act, redeem Shares or authorize the closing of any Shareholder account, subject to such conditions as may be established by the Board of Trustees.

  • Redemptions at the Option of a Shareholder Unless otherwise provided in the prospectus of the Trust relating to the Shares, as such prospectus may be amended from time to time: (a) The Trust shall purchase such Shares as are offered by any Shareholder for redemption upon the presentation of a proper instrument of transfer together with a request directed to the Trust or a Person designated by the Trust that the Trust purchase such Shares and/or in accordance with such other procedures for redemption as the Board of Trustees may from time to time authorize. If certificates have been issued to a Shareholder, any request for redemption by such Shareholder must be accompanied by surrender of any outstanding certificate or certificates for such Shares in form for transfer, together with such proof of the authenticity of signatures as may reasonably be required on such Shares and accompanied by proper stock transfer stamps, if applicable. (b) The Trust shall pay for such Shares the net asset value thereof (excluding any applicable redemption fee or sales load), in accordance with this Declaration of Trust, the By-Laws, the 1940 Act and other applicable law. Payments for Shares so redeemed by the Trust shall be made in cash, except payment for such Shares may, at the option of the Board of Trustees, or such officer or officers as it may duly authorize in its complete discretion, be made in kind or partially in cash and partially in kind. In case of any payment in kind, the Board of Trustees, or its authorized officers, shall have absolute discretion as to what security or securities of the Trust or the applicable Series shall be distributed in kind and the amount of the same; and the securities shall be valued for purposes of distribution at the value at which they were appraised in computing the then current net asset value of the Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind shall receive cash to the extent permitted by the 1940 Act. Shareholders shall bear the expenses of in-kind transactions, including, but not limited to, transfer agency fees, custodian fees and costs of disposition of such securities. (c) Payment by the Trust for such redemption of Shares shall be made by the Trust to the Shareholder within seven days after the date on which the redemption request is received in proper form and/or such other procedures authorized by the Board of Trustees are complied with; provided, however, that if payment shall be made other than exclusively in cash, any securities to be delivered as part of such payment shall be delivered as promptly as any necessary transfers of such securities on the books of the several corporations whose securities are to be delivered practicably can be made, which may not necessarily occur within such seven-day period. In no case shall the Trust be liable for any delay of any corporation or other Person in transferring securities selected for delivery as all or part of any payment in kind. (d) The obligations of the Trust set forth in this Section 2 are subject to the provision that such obligations may be suspended or postponed by the Board of Trustees (1) during any time the New York Stock Exchange (the "Exchange") is closed for other than weekends or holidays; (2) if permitted by the rules of the Commission, during periods when trading on the Exchange is restricted; or (3) during any National Financial Emergency. The Board of Trustees may, in its discretion, declare that the suspension relating to a National Financial Emergency shall terminate, as the case may be, on the first business day on which the Exchange shall have reopened or the period specified above shall have expired (as to which, in the absence of an official ruling by the Commission, the determination of the Board of Trustees shall be conclusive). (e) The right of any Shareholder of the Trust or any Series or Class thereof to receive dividends or other distributions on Shares redeemed and all other rights of such Shareholder with respect to the Shares so redeemed, except the right of such Shareholder to receive payment for such Shares, shall cease at the time the purchase price of such Shares shall have been fixed, as provided above.

  • Optional Redemption at Election of Company Subject to the provisions of this Section 6, the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of this Debenture for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may not deliver an Optional Redemption Notice if there is an existing Event of Default or an existing event which, with the passage of time or giving of notice, would constitute an Event of Default. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company on the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full. Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.

  • REPURCHASE AT THE OPTION OF HOLDER (a) If there is a Change of Control Triggering Event, the Issuer will be required to make a cash tender offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Issuer will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the Indenture. (b) If the Issuer or a Restricted Subsidiary of the Issuer consummates any Asset Sales, within five days of each date on which the aggregate amount of Excess Proceeds exceeds $50.0 million, the Issuer will make an Asset Sale Offer to all Holders of Notes and all holders of other Indebtedness that is pari passu with the Notes containing provisions similar to those set forth in the Indenture with respect to offers to purchase, prepay or redeem with the proceeds of sales of assets to purchase, prepay or redeem, on a pro rata basis (based on principal amounts of Notes and pari passu Indebtedness (or, in the case of pari passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered), the maximum principal amount of Notes and such other pari passu Indebtedness (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith) that may be purchased, prepaid or redeemed out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount, plus accrued and unpaid interest to the date of purchase, prepayment or redemption, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Issuer or any Restricted Subsidiary may use those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes tendered in such Asset Sale Offer exceeds the amount of Excess Proceeds allocated to the purchase of Notes, the Trustee will select the Notes to be purchased on a pro rata basis (except as provided in Section 4.10 of the Indenture with respect to Global Notes), based on the amounts tendered. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. Holders of Definitive Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Issuer prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to the Notes.

  • Repayment at the Option of the Holder Unless a Repayment Right is specified on the face hereof, this Security shall not be repayable at the option of the Holder on any date prior to the Maturity Date specified on the face hereof, other than in connection with any applicable Survivor's Option (defined below). If a Repayment Right is so specified, this Security is subject to repayment at the option of the Holder on any Interest Payment Date on and after the date, if any, indicated on the face hereof (each, a "Repayment Date"). On any Repayment Date, this Security shall be repayable in whole or in part in increments of $1,000 at the option of the Holder hereof at a repayment price equal to 100% of the principal amount to be repaid, together with accrued interest thereon to the Repayment Date. In order for a Security to be repaid in whole or in part at the option of the Holder, the Trustee must receive, at the Corporate Trust Office, or such other office of which the Company shall from time to time notify the Holders of the Securities, at least 30 days but not more than 60 days prior to the Repayment Date on which this Security is to be repaid, this Security with the form entitled "Option to Elect Repayment" below duly completed. Once this Security is delivered for repayment, the Holder may not revoke its exercise of the repayment option.

  • REPAYMENT AT THE OPTION OF HOLDERS Section 13.1 Applicability of Article. Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with the terms of the Securities of such series. The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9, shall not operate as a payment, redemption or satisfaction of the Indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be cancelled. Notwithstanding anything to the contrary contained in this Section 13.1, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with one or more investment bankers or other purchasers to purchase such Securities by paying to the Holders of such Securities on or before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of such Securities, and the obligation of the Company to pay the repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers.

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Redemption Notice To call any Notes for Redemption, the Company must send to each Holder of such Notes, the Trustee and the Paying Agent a written notice of such Redemption (a “Redemption Notice”). Such Redemption Notice must state: (i) that such Notes have been called for Redemption, briefly describing the Company’s Redemption right under this Indenture; (ii) the Redemption Date for such Redemption; (iii) the Redemption Price per $1,000 principal amount of Notes for such Redemption (and, if the Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.03(E)); (iv) the name and address of the Paying Agent and the Conversion Agent; (v) that Notes called for Redemption may be converted at any time before the Close of Business on the second (2nd) Business Day immediately before the Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full); (vi) the Conversion Rate in effect on the Redemption Notice Date for such Redemption and a description and quantification of any adjustments to the Conversion Rate that may result from such Redemption (including pursuant to Section 5.07); (vii) the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after such Redemption Notice Date and on or before the second (2nd) Business Day before such Redemption Date; and (viii) the CUSIP and ISIN numbers, if any, of the Notes. On or before the Redemption Notice Date, the Company will send a copy of such Redemption Notice to the Trustee and the Paying Agent.

Most Referenced Clauses

Most Referenced Definitions