Common use of Redemption at the Option of the Company Clause in Contracts

Redemption at the Option of the Company. Prior to January 15, 2015, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January 15, 2015, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 30, but not more than 45, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and before the Interest Payment Date corresponding to such Regular Record Date, in which case accrued and unpaid interest, if any, on the Notes will be paid to the Holders of such Notes as of the Close of Business on such Regular Record Date

Appears in 1 contract

Samples: Indenture (Ultrapetrol Bahamas LTD)

AutoNDA by SimpleDocs

Redemption at the Option of the Company. Prior to January October 15, 20152024, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January October 15, 20152024, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days (whether or not consecutive) during the 30 consecutive Trading Day period (including the last Trading Day of such period) ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 3045, but not more than 4570, calendar days Scheduled Trading Days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: First Supplemental Indenture (Par Technology Corp)

Redemption at the Option of the Company. Prior to January 15, 2015, the The Company may not redeem the Notes. Subject , in whole or in part, at any time and from time to the terms of the Indenturetime, on or after January 15, 2015, and prior to the Maturity Initial Par Call Date, at its option, at the Redemption Price equal to the greater of: (a) 100% of the principal amount of the Notes to be redeemed; and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on the Initial Par Call Date but for the redemption (not including any portion of such payments of interest accrued to the Redemption Date), discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA) (as defined in the rulebook of the International Capital Market Association)) at the applicable Comparable Government Bond Rate plus 30 basis points, plus, in each case, accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption Date. On or after the Initial Par Call Date, the Company may redeem allthe Notes, but not less than allin whole or in part, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior any time and from time to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be time, at least 30, but not more than 45, calendar days after the date on which the Company delivers the applicable Redemption Notice. The a Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of the Notes to be purchased redeemed plus accrued and unpaid interestinterest on the Notes being redeemed to, if any, to but excluding, the Redemption Date, unless . Unless the Company shall default in payment of the Redemption Date occurs Price, on and after a Regular Record Date and before the Interest Payment Date corresponding to such Regular Record Redemption Date, in which case accrued and unpaid interest, if any, interest will cease to accrue on the Notes will be paid to the Holders of such Notes as of the Close of Business or portions thereof called for redemption on such Regular Record Datedate.

Appears in 1 contract

Samples: Sixth Supplemental Indenture (Magna International Inc)

Redemption at the Option of the Company. Prior to January 15, 2015[ ]61, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January 15, 2015[ ]62, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days Days, whether or not consecutive, during the 30 consecutive Trading Day period ending on the Trading Day 61 To be the date two years immediately preceding the Maturity Date. 62 To be the date two years immediately preceding the Maturity Date. immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 305 Business Days, but not more than 4545 Business Days, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (GAIN Capital Holdings, Inc.)

Redemption at the Option of the Company. Prior to January August 15, 20152020, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January August 15, 20152020, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days Days, whether or not consecutive, during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 3065 Business Days, but not more than 4590 Business Days, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (GAIN Capital Holdings, Inc.)

Redemption at the Option of the Company. Prior to January April 15, 20152023, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January April 15, 20152023, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days (whether or not consecutive) during the 30 consecutive Trading Day period (including the last Trading Day of such period) ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 3055, but not more than 4570, calendar days Scheduled Trading Days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (Par Technology Corp)

Redemption at the Option of the Company. Prior to January April 15, 20152022, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January April 15, 20152022, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days (whether or not consecutive) during the 30 consecutive Trading Day period (including the last Trading Day of such period) ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 3055, but not more than 4570, calendar days Scheduled Trading Days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (Par Technology Corp)

AutoNDA by SimpleDocs

Redemption at the Option of the Company. Prior At any time and from time to January 15, 2015, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after January 15, 2015, and time prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if Notes; provided, however, that no such redemption shall be permitted for a Redemption Date that will not occur during an Open Redemption Period unless the Last Reported Sale Price of the Common Stock equals or exceeds 130140% of the Conversion Price in effect on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on on, and including, the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 30, but not more than 45, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to to, but excluding, the Redemption DateDate (plus, unless in the case of a Redemption Date that is during an Open Redemption Period, the Applicable Premium); provided, however, that if the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case then the Redemption Price for any Notes to be redeemed on such Redemption Date will not include accrued and unpaid interestinterest to, if anybut excluding, such Redemption Date, and accrued and unpaid interest on such notes to, but excluding, such Interest Payment Date will be paid, on the Notes will be paid such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (Layne Christensen Co)

Redemption at the Option of the Company. Prior to January 15February 22, 20152019 (one year from the Issue Date of the Notes), the Company may not redeem the Notes. Subject to At any time following February 22, 2019 (one year from the terms Issue Date of the Indenture, on or after January 15, 2015, Notes) and from time to time prior to the Maturity Date, the Company may redeem all, but not less than all, all or a part of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemptionDate. Any Redemption Date must be at least 3030 Business Days, but not more than 45, calendar days Business Days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to to, but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as of at the Close of Business on such Regular Record Date. No sinking fund will be provided for the Note.

Appears in 1 contract

Samples: Indenture (Iconix Brand Group, Inc.)

Redemption at the Option of the Company. Prior No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to January 15time in part, 2015, the Company may not redeem the Notes. Subject to the terms of the Indenture, at any time on or after January 15, 2015, and prior to 2013 at the Maturity Date, option of the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 30, but not more than 45, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will a redemption price equal to 100% of the principal amount Principal Amount of Notes Securities to be purchased plus redeemed, together with accrued and unpaid interestinterest to, if any, to but excluding, the Redemption Date, Date (the “Redemption Price”) (unless the Redemption Date occurs is after a Regular Record Date and before on or prior to the Interest Payment Date corresponding to such Regular Record Datewhich it relates, in which case such accrued and unpaid interest, if any, interest on the Notes will such Interest Payment Date shall be paid to the Holders Holder of record on such Notes as Record Date, and the Redemption Price shall be equal to 100% of the Close Principal Amount of Business Securities to be redeemed). The Redemption Price will be paid in cash. Repurchase by the Company at the Option of the Holder. Subject to the terms and conditions of the Indenture, the Company shall become obligated to repurchase, at the option of the Holder, the Securities held by such Holder on such Regular January 15, 2013, January 15, 2018 and January 15, 2028 (each a “Repurchase Date”) at a price equal to 100% of the Principal Amount of Securities to be repurchased (and accrued and unpaid interest to, but excluding, the Repurchase Date shall be paid on the Repurchase Date to the Holder of record on the immediately preceding Record Date) (the “Repurchase Price”), upon delivery of a Repurchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is 30 Business Days prior to such Repurchase Date until the close of business on the Business Day prior to such Repurchase Date and upon delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture. The Repurchase Price will be paid in cash.

Appears in 1 contract

Samples: Indenture (Affymetrix Inc)

Redemption at the Option of the Company. Prior to January 15March 18, 20152024, the Company may not redeem the Notes, and no sinking fund is provided for the Notes. Subject to the terms of the Indenture, on or after January 15March 18, 2015, and prior to the Maturity Date2024, the Company may redeem all, but not less than all, any or all of the Notes if Notes; provided that the Last Reported Sale Price last reported sale price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of for at least 20 Trading Days during the period of 30 consecutive Trading Day period Days ending on and including the Trading Day immediately prior to the date the Company delivers of the Redemption Notice for such redemptionredemption exceeds 130% of the applicable Conversion Price for the Notes on each applicable Trading Day. Any Redemption Date must be at least 30, but not more than 4560, calendar days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the immediately succeeding Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on the such Notes to, but excluding, such Interest Payment Date will be paid payable, on such Interest Payment Date, to the Holders Holder of such Notes as at the close of the Close of Business business on such Regular Record Date.

Appears in 1 contract

Samples: Indenture (Jarden Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!