Redemption at the Option of Holders. Each holder of Series B Convertible Preferred Units shall have the right, at the option of each such holder, to require the Company to redeem the Series B Convertible Preferred Units held by such holder, in whole or in part, at the Series B Redemption Price in cash, in respect of, and not later than (i) immediately following, an underwritten initial public offering of Units, Preferred Units or other equity securities of the Company (or its successor) or (ii) immediately prior to, a Redemption Change in Control; provided that, in the case of both (i) and (ii), such redemption is not prohibited as of the redemption date under the Credit Instrument, the Senior Secured Indenture and the Subordinated Indenture (or refinancings thereof). The Company shall immediately notify by first class mail, postage prepaid, each holder of record of Series B Convertible Preferred Units of the pending occurrence of either such event. The initial public offering or Redemption Change in Control shall not be consummated unless all of the Series B Convertible Preferred Units elected to be redeemed hereunder have been redeemed, in the case of a Redemption Change in Control, or provisions have been made for their redemption, in the case of an initial public offering, in accordance with the provisions hereof, and the consummation of such initial public offering or Redemption Change in Control, as the case may be, shall be a condition to any redemption under this Section 12.4(d). From and after the redemption date (unless there shall be a default by the Company in providing money for the payment of the redemption price) distribution rights on the Series B Convertible Preferred Units so tendered for redemption shall cease to accrue, and such Series B Convertible Preferred Units shall no longer be deemed to be outstanding, and all rights of the holders thereof (except the right to receive from the Company the redemption price therefor) shall cease.
Redemption at the Option of Holders. In the event that the terms of the Securities of any Series permit the Holders thereof, at their option, to cause IRSA to repurchase such Securities, upon the Holder of any Security giving to IRSA not more than sixty (60) nor less than thirty (30) days’ notice (or such other notice as is specified in the terms of such Securities) in accordance with Section 12.5, which notice shall be irrevocable, IRSA shall, upon the expiry of such notice, repurchase such Security, subject to, and in accordance with, the terms of such Security on the date and at the amount specified in or determined in the manner specified in such Securities, in whole but not in part, together with accrued interest (if any) to the date fixed for such repurchase. In accordance with the provisions hereof relating to payment on redemption at the option of IRSA, IRSA shall arrange with the Trustee (and each Paying Agent for such purpose, if applicable) for the provision of funds sufficient to make payments to such Holders in respect of such repurchases from time to time.
Redemption at the Option of Holders. Securities of any Series which are redeemable at the option of the Holders thereof before the stated maturity date or dates of such Securities shall be redeemed in accordance with the terms of the Series of the Securities, as set forth in such Securities or as established by or pursuant to the Board Resolution or supplemental indenture relating to such Series. Sections 3.01 (second and third sentences), 3.02, 3.03 and 3.04 (first sentence) shall not apply to any redemption of a Security to be made at the option of the Holder.
Redemption at the Option of Holders. (a) If a Fundamental Change occurs at any time the shares of Series A Preferred Stock are outstanding, then each Holder shall have the right (a “Holder Put Right”), at such Holder’s option, to require the Corporation to redeem for cash, out of funds legally available therefor, any or all of such Holder’s shares of Series A Preferred Stock on a date specified by the Corporation (the “Holder Put Date”) that can be no later than 60 days following the date of delivery by the Corporation of a notice of the Fundamental Change (the “Fundamental Change Notice”) at the Redemption Price.
Redemption at the Option of Holders. (i) Subject to compliance with SECTION 6(a)(iii), each holder of shares of Series A Preferred Stock shall have the right (the “Redemption Right”), at such holder’s option, to require the Company to purchase (out of funds legally available therefor) all or any portion of such holder’s shares of Series A Preferred Stock pursuant to this SECTION 6(a) on any Redemption Date, at a purchase price, payable in cash, equal to 100% of the Regular Liquidation Preference as of such Redemption Date (the “Redemption Price”).
Redemption at the Option of Holders. (a) . (a) Upon the occurrence of a Change of Control Triggering Event, each Holder shall have the right to require that the Company purchase all or a portion (in an authorized denomination) of the Holder’s Notes at a purchase price equal to 101% of the Principal amount thereof, plus accrued and unpaid interest thereon through the date of purchase (the “Change of Control Payment”). The Trustee shall have no obligation to monitor or otherwise determine whether a Change of Control Triggering Event has occurred.
Redemption at the Option of Holders. Each month, beginning January 1, 2019 and continuing through the Maturity Date, the Holders will have the right to cause the Company to redeem all, but not less than all, of the Holders’ Debentures in accordance with Article 4 of the Debenture Purchase Agreement. The Company will redeem up to 5% of the aggregate principal amount of the Debentures each year (the “Maximum Amount”), but may, in its sole and absolute discretion, redeem Debentures in excess of such amount. If, at the end of any month, the aggregate amount of Debentures for which redemptions have been requested exceeds the Maximum Amount for the applicable calendar year, the Company will accept redemptions in the order the redemption requests were received (pursuant to the notice requirements of the Debenture Purchase Agreement) up to the Maximum Amount; provided, however, that redemption requests resulting from the death of a Holder will be given priority regardless of the date received. Interest will cease to accrue on the Debentures following the last day of the month in which an accepted redemption request was received (the “Redemption Request Date”). The redemption price for each redeemed Debenture will be the principal amount of such Debenture, plus accrued and unpaid interest up to and including the Redemption Request Date. The redemption price will be paid to the Redeeming Holder on or about the sixth month anniversary of the Redemption Request Date, (the “Redemption Date”).
Redemption at the Option of Holders. In the event that the terms of the Securities of any Series permit the Holders thereof, at their option, to cause the Bank to repurchase such Securities, upon the Holder of any Security giving to the Bank not more than 60 nor less than 30 days’ notice (or such other notice as is specified in the terms of such Securities) in accordance with Section 12.5, which notice shall be irrevocable, the Bank shall, upon the expiry of such notice, repurchase such Security, subject to, and in accordance with, the terms of such Security on the date and at the amount specified in or determined in the manner specified in such Securities, in whole but not in part, together with accrued interest (if any) to the date fixed for such repurchase. In accordance with the provisions hereof relating to payment on redemption at the option of the Bank, the Bank shall arrange with the Trustee (and each Paying Agent for such purpose, if applicable) for the provision of funds sufficient to make payments to such Holders in respect of such repurchases from time to time.
Redemption at the Option of Holders. If Put Option is specified to be applicable in the relevant Pricing Supplement, the Issuer shall, at the option of the Holder of any such Note, upon the Holder of such Note giving not less than 15 nor more than 30 calendar days' notice to the Issuer by completion of a Put Option Exercise Notice as specified below (or such other notice period as may be specified in the relevant Pricing Supplement) redeem such Note on the Optional Redemption Date(s) at its Optional Redemption Amount. In respect of Notes which are German Securities, any such notice shall be given in accordance with General Condition 25.9 (Notices by Holders of German Securities).
Redemption at the Option of Holders
