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

Redemption at the Option of the Issuer. (a) The Notes are subject to redemption, in whole at any time and in part from time to time, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price equal to (i) if the Redemption Date is prior to May 1, 2024, the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points; or (ii) if the Redemption Date is on or after May 1, 2024, 100% of the principal amount of the Notes to be redeemed, plus, in each of clauses (i) and (ii), accrued and unpaid interest, if any, on the principal amount being redeemed to such Redemption Date. (b) The Issuer shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.

Appears in 2 contracts

Samples: First Supplemental Indenture (EQT Corp), First Supplemental Indenture (EQT Midstream Partners, LP)

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Redemption at the Option of the Issuer. (a) The Notes are subject to redemption, in whole at any time and in part from time to time, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 15 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price equal to (i) if the Redemption Date is prior to May 1, 2024the Par Call Date, the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes that would have been due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 30 basis points; or (ii) if the Redemption Date is on or after May 1, 2024the Par Call Date, 100% of the principal amount of the Notes to be redeemed, ; plus, in each of clauses (i) and (ii), accrued and unpaid interest, if any, on the principal amount being redeemed to such Redemption Date. (b) The Issuer shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.

Appears in 1 contract

Samples: Third Supplemental Indenture (EQT Midstream Partners, LP)

Redemption at the Option of the Issuer. (a) The Notes are subject to redemption, in whole at any time and in part from time to time, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 15 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price equal to (i) if the Redemption Date is prior to May 1, 2024the Par Call Date, the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes that would have been due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 50 basis points; or (ii) if the Redemption Date is on or after May 1, 2024the Par Call Date, 100% of the principal amount of the Notes to be redeemed, ; plus, in each of clauses (i) and (ii), accrued and unpaid interest, if any, on the principal amount being redeemed to such Redemption Date. (b) The Issuer shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.

Appears in 1 contract

Samples: Fifth Supplemental Indenture (EQT Midstream Partners, LP)

Redemption at the Option of the Issuer. (a) The Notes are subject to redemption, in whole at any time and in part from time to time, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 15 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price equal to (i) if the Redemption Date is prior to May 1, 2024the Par Call Date, the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes that would have been due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 40 basis points; or (ii) if the Redemption Date is on or after May 1, 2024the Par Call Date, 100% of the principal amount of the Notes to be redeemed, ; plus, in each of clauses (i) and (ii), accrued and unpaid interest, if any, on the principal amount being redeemed to such Redemption Date. (b) The Issuer shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (EQT Midstream Partners, LP)

Redemption at the Option of the Issuer. (a) The At any time before October 1, 2039, the Notes are subject to redemption, redeemable as a whole or in whole at any time and in part from time to timepart, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price redemption price, calculated by the Quotation Agent, equal to (i) if the Redemption Date is prior to May 1, 2024, the greater of the following amounts, plus, in either case, accrued and unpaid interest on the principal amount of the Notes being redeemed to the date of redemption: (1i) 100% of the principal amount of the Notes to be redeemed and being redeemed; or (2ii) the sum of the present values of the remaining scheduled payments of the principal of and interest on such the Notes to be redeemed that would be due if the Notes matured on October 1, 2039 (exclusive of interest accrued to the Redemption Date) date of redemption), discounted to the Redemption Date date of redemption on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 50 basis points; or (ii) if the Redemption Date is . At any time on or after May October 1, 20242039, the Notes are redeemable as a whole or in part, at the option of the Issuer, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus, in each of clauses (i) and (ii), being redeemed plus accrued and unpaid interest, if any, interest on the principal amount of the Notes being redeemed to such Redemption Date. (b) The Issuer the date of redemption. As used in this Section 2.8 only, the terms set forth below shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.following respective meanings:

Appears in 1 contract

Samples: Supplemental Indenture (Sysco Corp)

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Redemption at the Option of the Issuer. (a) The Notes are subject to redemption, in whole at any time and in part from time to time, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price equal to (i) if the Redemption Date is prior to May 1, 2024the Par Call Date, the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes that would have been due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 37.5 basis points; or (ii) if the Redemption Date is on or after May 1, 2024the Par Call Date, 100% of the principal amount of the Notes to be redeemed, ; plus, in each of clauses (i) and (ii), accrued and unpaid interest, if any, on the principal amount being redeemed to such Redemption Date. (b) The Issuer shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.

Appears in 1 contract

Samples: Second Supplemental Indenture (EQT Midstream Partners, LP)

Redemption at the Option of the Issuer. (a) The At any time before April 15, 2027, the Notes are subject to redemption, redeemable as a whole or in whole at any time and in part from time to timepart, at the option of the Issuer, in principal amounts of $1,000 and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in part may not be less than $2,000), upon not less than 30 nor more than 60 days’ prior notice as provided in the Indenture, at a Redemption Price redemption price, calculated by the Quotation Agent, equal to (i) if the Redemption Date is prior to May 1, 2024, the greater of the following amounts, plus, in either case, accrued and unpaid interest on the principal amount of the Notes being redeemed to the date of redemption: (1i) 100% of the principal amount of the Notes to be redeemed and being redeemed; or (2ii) the sum of the present values of the remaining scheduled payments of the principal of and interest on such the Notes to be redeemed that would be due if the Notes matured on April 15, 2027 (exclusive of interest accrued to the Redemption Date) date of redemption), discounted to the Redemption Date date of redemption on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 20 basis points; or (ii) if the Redemption Date is . At any time on or after May 1April 15, 20242027, the Notes are redeemable as a whole or in part, at the option of the Issuer, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus, in each of clauses (i) and (ii), being redeemed plus accrued and unpaid interest, if any, interest on the principal amount of the Notes being redeemed to such Redemption Date. (b) The Issuer the date of redemption. As used in this Section 2.8 only, the terms set forth below shall have no obligation to redeem, purchase or repay Notes pursuant to any sinking fund or analogous provision or at the option of a Holder thereof.following respective meanings:

Appears in 1 contract

Samples: Thirty First Supplemental Indenture (Sysco Corp)

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