Redemption at the Option of the Holders Sample Clauses

Redemption at the Option of the Holders. (a) If a Change of Control Triggering Event occurs, unless the Issuer has otherwise exercised its right to redeem the Notes in accordance with Condition 6.2, each Noteholder shall have the right to require the Issuer to repurchase all or any of its Notes pursuant to the offer described below (the Change of Control Offer) on the terms set forth in the Conditions. In the Change of Control Offer, the Issuer shall be required to offer payment in cash equal to 101 per cent. of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the Change of Control Payment). Within 30 days following any Change of Control Triggering Event, the Issuer shall be required to deliver a notice to the Noteholders describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is delivered (the Change of Control Payment Date), pursuant to the procedures required by the Notes and described in such notice. The Issuer shall comply with the requirements of Rule 14e-1 under the United States Securities Exchange Act of 1934 (the Exchange Act) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Issuer shall be required to comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under these Conditions by virtue of any such conflict. On the Change of Control Payment Date, the Issuer shall be required, to the extent lawful, to: (i) accept for payment all Notes properly tendered pursuant to the Change of Control Offer; (ii) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes properly tendered; and (iii) deliver or cause to be delivered to the Fiscal Agent the Notes properly accepted together with an officers’ certificate stating the aggregate principal amount of the Notes being purchased. The Issuer shall not be required to make an offer to repurchase the Notes upon a Change of Control Triggering Event ...

Redemption at the Option of the Holders. The Bonds are, under certain conditions, subject to redemption at the option of the Holders as set forth in Section 3.1 (Redemption at the Option of the Partnership or the Holders) of the Indenture.

Redemption at the Option of the Holders. (a) Upon the occurrence of any of the following events (each a "Triggering Event"): (i) failure for 30 days to pay when due interest on the Mortgage Bonds; (ii) failure to pay when due the principal of, or premium, if any, on the Mortgage Bonds; (iii) the events described in Article V, Sections 4(a), 4(b) 4(c), 4(d), 4(e), 4(f), 4(g), 4(h), 4(i) or 4(j) of this Supplemental Indenture (under the headings "Triggering Events--Restricted Payments," "Triggering Events--Incurrence of Indebtedness and Issuance of Preferred Stock," "Triggering Events--Liens," "Triggering Events--Dividend and Other Payment Restrictions Affecting Subsidiaries," "Triggering Events--Merger, Consolidation or Sale of Assets," "Triggering Events--Transactions with Affiliates," "Triggering Events--Designation of Restricted and Unrestricted Subsidiaries," "Triggering Events--Future Subsidiary Guarantees," "Triggering Events--Sale and Leaseback Transactions," or "Triggering Events--Business Activities"); 50 (iv) failure by the Company or any of its Restricted Subsidiaries for 30 days after notice from the Trustee or the Holders of at least 25% in principal amount of the Mortgage Bonds then Outstanding to comply with the provisions described in Article V, Section 4(k) or Section 6(b) of this Supplemental Indenture (under the headings "Triggering Events--Reports," and "Repurchase at the Option of Holders--Asset Sales"); (v) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries or a Transitional Funding Trust (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries or a Transitional Funding Trust) whether such Indebtedness or guarantee now exists, or is created after the original issue date of the Mortgage Bonds, if that default: (A) is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a "Payment Default"); or (B) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $25 million or more; or (vi...

Redemption at the Option of the Holders. The Series C Preferred Stock shall not be redeemable at the option of the holders thereof.

Redemption at the Option of the Holders. (a) Each holder of Convertible Preferred Stock shall have the right to require the Corporation to redeem, out of funds legally available therefor, any or all of such holder's shares of Convertible Preferred Stock at the Redemption Price, plus the amount described in the first sentence of Section 2(d), in connection with the occurrence of a Change of Control as set forth herein. (b) The Corporation shall notify the holders of the Convertible Preferred Stock in writing promptly upon the occurrence of a Change of Control; provided, however, that any failure by the Corporation to provide -------- ------- such notice shall not affect the right of the holders of shares of Convertible Preferred Stock to require a redemption of such shares in connection with such Change of Control. Such notice shall state the terms and conditions of such Change of Control. (c) In the event the Requisite Convertible Preferred Shareholders expect that a Change of Control will occur, the Requisite Convertible Preferred Shareholders may so notify the Corporation, which notice shall specify the circumstances constituting the expected Change of Control. Within three Business Days following the receipt by the Corporation of such notice, the Corporation shall notify each holder of Convertible Preferred Stock of the receipt of such notice from the Requisite Convertible Preferred Shareholders. For a period of 15 days following such notice by the Corporation, each holder of Convertible Preferred Stock may elect to have any or all of such holder's shares of Convertible Preferred Stock redeemed under this Section 6(c) by providing an irrevocable written notice (a "Section 6(c) Redemption Notice") to the Corporation of such election; ------------------------------ provided, however, no redemption shall be effected prior to the -------- -------

Redemption at the Option of the Holders. Subject to the prior delivery of a Put Event Confirmation (as defined below) by the Company in accordance with provisions set forth below, each Holder shall have the option upon the giving of a Put Notice (as defined below) (the “Put Option”) to require the Company to redeem or, at the option of the Company, purchase (or procure the purchase of) each Note of which it is the Holder on the Put Date at the principal amount outstanding of such Note plus (in the case of a Put Event described in clause (B) below) Foregone Margin in respect of such Note, together in any case with accrued interest and premium, if any, to the Put Date if: (A) at any time during the term of such Note, such Note is downgraded by S&P, for any reason, to a rating level two notches below the Company’s international long-term corporate credit and senior debt ratings level assigned by S&P (the “S&P Rating”), and is downgraded by Moody’s, for any reason, to a rating level two notches below the Company’s international long-term corporate credit and senior debt rating level assigned by Moody’s (the “Xxxxx’x rating”), and the rating level of such Note is not restored by either S&P or Moody’s to the level of the S&P Rating or the Xxxxx’x Rating, as applicable, within the three month period beginning on (i) the date of the downgrade (if S&P and Moody’s downgrade such Note on the same date) or (ii) the date of the later downgrade (if S&P and Moody’s downgrade such Note on different dates); provided, that the new rating level of such Note assigned by S&P is a level lower than BB+ and assigned by Xxxxx’x is a level lower than Ba1; (B) a Change of Control occurs; or (C) an event or circumstance occurs which could reasonably be expected to have a Material Adverse Effect, (each such event, a “Put Event”). Promptly upon the Company or Holders representing at least 10% of the aggregate principal amount of the relevant Series of Notes becoming aware that an event has occurred or is subsisting which could, subject to determination of the Holders of the relevant Series of Notes, constitute a Put Event, the Company shall, or any such Holders may give to the Company which then shall, give notice (a “Put Event Notice”) to the Holders of the relevant Series in respect of all of the Notes (with a copy to the Fiscal Agent). If the Holders of more than 25% in aggregate principal amount of the relevant Series of Notes determine and give notice that there has been a Put Event, the Company shall give notice (a “Put...

Redemption at the Option of the 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 12.01, which notice shall be irrevocable, the Bank shall, upon the expiry of such notice, redeem 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 redemption. 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 redemptions from time to time.

Redemption at the Option of the Holders. 2.7.1 Subject to the provisions of the Act, every registered holder of Preference Shares may, at its option and in the manner hereinafter provided, require the Corporation to redeem at any time all or part of the Preference Shares held by such holder upon payment of the redemption price for each Preference Share to be redeemed. 2.7.2 In the case of the redemption of Preference Shares under the provisions of section ‎2.7.1, the registered holder thereof shall surrender the certificate or certificates representing such Preference Shares at the registered office of the Corporation accompanied by a notice in writing (a “redemption notice”) signed by such holder requiring the Corporation to redeem all or a specified number of the Preference Shares represented thereby. As soon as practicable following receipt of a redemption notice and the certificate(s) representing the Preference Shares to be redeemed, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Preference Shares to be redeemed the redemption price for each Preference Share. If only a part of the Preference Shares represented by any certificate are redeemed, a new certificate for the balance shall be issued at the expense of the Corporation.

Redemption at the Option of the Holders. CLASS A PREFERENCE SHARES 3.6.1 Subject to the provisions of the Act, every registered holder of Class A Preference Shares may, at its option and in the manner hereinafter provided, require the Corporation to redeem at any time all or part of the Class A Preference Shares held by such holder upon payment of the Class A Redemption Price for each Class A Preference Share to be redeemed. 3.6.2 In the case of the redemption of Class A Preference Shares under the provisions of section 3.6.1, the registered holder thereof shall surrender the certificate or certificates representing such Class A Preference Shares at the registered office of the Corporation accompanied by a notice in writing (a “Class A Redemption by Holder Notice”) signed by such holder requiring the Corporation to redeem all or a specified number of the Class A Preference Shares represented thereby. As soon as practicable following receipt of a Class A Redemption by Holder Notice and the certificate(s) representing the Class A Preference Shares to be redeemed, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class A Preference Shares to be redeemed the Class A Redemption Price for each Class A Preference Share (less any tax required to be withheld by the Corporation). If only a part of the Class A Preference Shares represented by any certificate are redeemed, a new certificate for the balance shall be issued at the expense of the Corporation.

Redemption at the Option of the Holders. (a) The Company will, at the option of the holder of any Bond, redeem all or some only of the Bonds held by such Holder on December 31, 2026 (the “Put Option Date”) at the Early Redemption Amount, provided that if the Company receives Put Exercise Notices from holders in respect of more than 50% of the Initial Principal Amount of the Bonds as of the Put Option Date, the aggregate principal amount of each electing Holder shall be scaled back on a pro rata basis so that the Company is obligated to redeem Bonds in an amount equal to 50% of the Initial Principal Amount on the relevant Redemption Date. To exercise such right, the holder of the relevant Bond must complete, sign and deposit at the specified office of any Paying Agent a duly completed and signed put notice (“Put Exercise Notice”) in the form for the time being current, obtainable from the specified office of any Paying Agent, together with the Certificate evidencing the Bonds to be redeemed not earlier than 60 days and not later than 30 days prior to the Put Option Date. (b) A Put Exercise Notice, once delivered, shall be irrevocable (and may not be withdrawn unless the Company consents to such withdrawal in writing) and the Company will be bound to redeem the Bonds the subject of Put Exercise Notices delivered as aforesaid in accordance with this Section 3.04 on the Put Option Date. For the avoidance of doubt, such put option may not be exercised at any time after the Put Option Date.