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

Redemption at the Option of the Issuer. If Call Option is specified in the relevant Final Terms, the Issuer may, on giving not less than 15 nor more than 30 days’ irrevocable notice to the Noteholders (or such other notice period as may be specified in the relevant Final Terms) redeem, all or, if so provided, some, of the Notes on any Optional Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal amount at least equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Terms. The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (a) 100 per cent. of the principal amount outstanding of the Notes to be redeemed and (b) the sum of the present values of the principal amount outstanding of the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on an annual basis at (i) the Reference Note Rate plus the Redemption Margin or (ii) the Discount Rate, in each case as specified in the relevant Final Terms. If the Make-whole Exemption Period is specified as applicable and the Issuer gives notice to redeem the Notes during the Make-whole Exemption Period, the Optional Redemption Amount will be 100 per cent. of the principal amount outstanding of the Notes to be redeemed. All Notes in respect of which any such notice is given shall be redeemed on the date specified in such notice in accordance with this Condition 7(d). In the case of a partial redemption the notice to Noteholders shall also contain the certificate numbers of the Notes to be redeemed, which shall have been drawn in such place and in such manner as may be fair and reasonable in the circumstances, taking account of prevailing market practices, subject to compliance with any applicable laws and stock exchange or other relevant authority requirements. In these Conditions:

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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Redemption at the Option of the Issuer. If Call Option is specified in the relevant Final TermsTerms as being applicable, the Issuer may, on giving not less than 15 nor more than 30 days’ irrevocable notice to the Noteholders (or such other notice period as may be specified in the relevant Final Termshereon) redeem, all or, if so provided, some, of the Notes on any Optional Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), hereon together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal nominal amount at least equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms hereon and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Termshereon. The Optional Redemption Amount will either be the Early Redemption Amount (as described defined in Condition 7(b6(b) above) or, if Make-whole Amount is specified in the relevant applicable Final Terms, will be the higher of (a) 100 per cent. of the principal amount outstanding of the Notes to be redeemed redeemed; and (b) the sum of the present values of the principal amount outstanding of the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on an annual basis at (i) the Reference Note Rate plus the Redemption Margin Margin; or (ii) the Discount Rate, in each case as may be specified in the relevant applicable Final Terms. If the Make-whole Exemption Period is specified as applicable and the Issuer gives notice to redeem the Notes during the Make-whole Exemption Period, the Optional Redemption Amount will be 100 per cent. of the principal amount outstanding of the Notes to be redeemed. All Notes in respect of which any such notice is given shall be redeemed on the date specified in such notice in accordance with this Condition 7(d)Condition. In the case of a partial redemption the notice to Noteholders shall also contain the certificate numbers of the Notes to be redeemed, which shall have been drawn in such place and in such manner as may be fair and reasonable in the circumstances, taking account of prevailing market practices, subject to compliance with any applicable laws and stock exchange or other relevant authority requirements. In these Conditions:

Appears in 1 contract

Samples: Agency Agreement

Redemption at the Option of the Issuer. If Call Option is specified (1) The Notes will be redeemable at any time in whole, or from time to time in part, at the relevant Final Terms, option of the Issuer may, on giving not less than 15 nor more than 30 days’ irrevocable notice to the Noteholders (or such other notice period as may be specified in the relevant Final Terms) redeem, all or, if so provided, some, of the Notes on any Optional date at a Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal amount at least Price equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Terms. The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (ai) 100 per cent. 100% of the principal amount outstanding of the Notes to be redeemed redeemed, and (bii) the sum of the present values as of the date of redemption or accelerated payment of the remaining scheduled payments of principal amount outstanding of and interest on the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued to the date of redemptionapplicable redemption or acceleration date) discounted to such redemption or acceleration date on a semiannual basis, assuming a 360-day year consisting of twelve 30-day months, at the date Treasury Rate plus 45 basis points, plus, in the case of redemption on an annual basis at both clauses (i) the Reference Note Rate plus the Redemption Margin or and (ii) the Discount Rateabove, in each case as specified in the relevant Final Terms. If the Make-whole Exemption Period is specified as applicable any accrued and the Issuer gives notice to redeem the Notes during the Make-whole Exemption Period, the Optional Redemption Amount will be 100 per cent. of unpaid interest on the principal amount outstanding of the notes being redeemed to such Redemption Date. Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest Payment Date falling on or prior to the relevant Redemption Date will be payable to the persons who were the Holders of the Notes registered as such at the close of business on the relevant Regular Record Dates according to the terms and provisions of the Indenture. (2) Notice of any redemption by the Issuer will be mailed at least 30 days but no more than 60 days before the Redemption Date to each Holder of Notes to be redeemed. All Notes in respect The notice of which any such notice is given shall be redeemed on redemption will specify among other things, the date specified in such notice in accordance with this Condition 7(d). In the case of a partial redemption the notice to Noteholders shall also contain the certificate numbers Redemption Price and principal amount of the Notes held by the Holder to be redeemed. (3) If the Issuer chooses to redeem less than all of the Notes of a series, the Issuer will notify the Trustee at least 40 days prior to the Redemption Date, or a shorter period as may be satisfactory to the Trustee, of the aggregate principal amount of Notes of the series to be redeemed, which shall have been drawn in such place if less than all of the Notes of that series are to be redeemed, and in such manner their Redemption Date. The Trustee will select, based on a method that most nearly approximates a pro rata selection as may be the Trustee deems fair and reasonable in the circumstances, taking account of prevailing market practices, subject to compliance with any appropriate unless otherwise required by law or applicable laws and stock exchange or other relevant authority depositary requirements. In these Conditions:, no less than 30 days nor more than 60 days prior to the Redemption Date, the Notes of that series to be redeemed in whole or in part. (4) Unless the Issuer defaults in payment of the Redemption Price, on and after any Redemption Date interest will cease to accrue on the Notes or portions thereof called for redemption

Appears in 1 contract

Samples: Seventh Supplemental Indenture (Tanger Properties LTD Partnership /Nc/)

Redemption at the Option of the Issuer. If (1) Prior to June 1, 2031 (the “Par Call Option is specified in the relevant Final TermsDate”), the Issuer mayNotes will be redeemable at any time in whole, on giving not less than 15 nor more than 30 days’ irrevocable notice or from time to time in part, at the Noteholders (or such other notice period as may be specified in the relevant Final Terms) redeem, all or, if so provided, some, option of the Notes Issuer on any Optional date at a Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal amount at least Price equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Terms. The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (ai) 100 per cent. 100% of the principal amount outstanding of the Notes to be redeemed redeemed, and (bii) the sum of the present values as of the date of redemption payment of the remaining scheduled payments of principal amount outstanding of and interest on the Notes to be redeemed and redeemed, after the date of redemption payment through the Par Call Date (assuming, for this purpose, that the Notes are scheduled to mature on the Par Call Date) (the “Assumed Remaining Term Interest on such Notes Life”) (exclusive of interest accrued to the date of redemptionapplicable redemption date) discounted to such redemption date on a semiannual basis, assuming a 360-day year consisting of twelve 30-day months, at the date Treasury Rate plus 25 basis points, plus, in the case of redemption on an annual basis at both clauses (i) the Reference Note Rate plus the Redemption Margin or and (ii) above, any accrued and unpaid interest on the Discount Rateprincipal amount of the Notes being redeemed to, in each case as specified in but excluding, such Redemption Date. Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest Payment Date falling on or prior to the relevant Final TermsRedemption Date will be payable to the persons who were the Holders of the Notes registered as such at the close of business on the relevant Regular Record Dates according to the terms and provisions of the Indenture. If the Make-whole Exemption Period is specified as applicable and Notes are redeemed on or after the Issuer gives notice to redeem the Notes during the Make-whole Exemption PeriodPar Call Date, the Optional Redemption Amount redemption price will be 100 per cent. equal to 100% of the principal amount outstanding of the Notes to be redeemed. All Notes in respect redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. (2) Notice of which any such notice is given shall redemption by the Issuer will be redeemed on mailed at least 15 days but no more than 60 days before the date specified in such notice in accordance with this Condition 7(d). In the case Redemption Date to each Holder of a partial redemption the notice to Noteholders shall also contain the certificate numbers of the Notes to be redeemed. The notice of redemption will specify among other things, which shall have been drawn in the Redemption Price and principal amount of the Notes held by the Holder to be redeemed. (3) The notice of redemption may contain any conditions that must be satisfied before such place and in such manner redemption will occur. (4) If the Issuer chooses to redeem less than all of the Notes of a series, the Issuer will notify the Trustee at least 20 days prior to the Redemption Date, or a shorter period as may be fair satisfactory to the Trustee, of the aggregate principal amount of Notes of the series to be redeemed, if less than all of the Notes of that series are to be redeemed, and reasonable in the circumstancestheir Redemption Date. The Trustee will select, taking account of prevailing market practices, subject to compliance with any based on a method that most nearly approximates a pro rata selection unless otherwise required by law or applicable laws and stock exchange or other relevant authority depositary requirements. In these Conditions:, no less than 15 days nor more than 60 days prior to the Redemption Date, the Notes of that series to be redeemed in whole or in part. (5) Unless the Issuer defaults in payment of the Redemption Price, on and after any Redemption Date interest will cease to accrue on the Notes or portions thereof called for redemption.

Appears in 1 contract

Samples: Supplemental Indenture (Tanger Properties LTD Partnership /Nc/)

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Redemption at the Option of the Issuer. If (1) Prior to April 15, 2027 (the “Par Call Option is specified in the relevant Final TermsDate”), the Issuer mayNotes will be redeemable at any time in whole, on giving not less than 15 nor more than 30 days’ irrevocable notice or from time to time in part, at the Noteholders (or such other notice period as may be specified in the relevant Final Terms) redeem, all or, if so provided, some, option of the Notes Issuer on any Optional date at a Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal amount at least Price equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Terms. The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (ai) 100 per cent. 100% of the principal amount outstanding of the Notes to be redeemed redeemed, and (bii) the sum of the present values as of the date of redemption or accelerated payment of the remaining scheduled payments of principal amount outstanding of and interest on the Notes to be redeemed and redeemed, after the date of redemption or accelerated payment through the Par Call Date (assuming, for this purpose, that the Notes are scheduled to mature on the Par Call Date) (the “Assumed Remaining Term Interest on such Notes Life”) (exclusive of interest accrued to the date of redemptionapplicable redemption or acceleration date) discounted to such redemption or acceleration date on a semiannual basis, assuming a 360-day year consisting of twelve 30-day months, at the date Treasury Rate plus 30 basis points, plus, in the case of redemption on an annual basis at both clauses (i) the Reference Note Rate plus the Redemption Margin or and (ii) above, any accrued and unpaid interest on the Discount Rateprincipal amount of the Notes being redeemed to, in each case as specified in but excluding, such Redemption Date. Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest Payment Date falling on or prior to the relevant Final TermsRedemption Date will be payable to the persons who were the Holders of the Notes registered as such at the close of business on the relevant Regular Record Dates according to the terms and provisions of the Indenture. If the Make-whole Exemption Period is specified as applicable and Notes are redeemed on or after the Issuer gives notice to redeem the Notes during the Make-whole Exemption PeriodPar Call Date, the Optional Redemption Amount redemption price will be 100 per cent. equal to 100% of the principal amount outstanding of the Notes to be redeemed. All Notes in respect redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. (2) Notice of which any such notice is given shall redemption by the Issuer will be redeemed on mailed at least 15 days but no more than 60 days before the date specified in such notice in accordance with this Condition 7(d). In the case Redemption Date to each Holder of a partial redemption the notice to Noteholders shall also contain the certificate numbers of the Notes to be redeemed. The notice of redemption will specify among other things, which shall have been drawn in the Redemption Price and principal amount of the Notes held by the Holder to be redeemed. (3) The notice of redemption may contain any conditions that must be satisfied before such place and in such manner redemption will occur. (4) If the Issuer chooses to redeem less than all of the Notes of a series, the Issuer will notify the Trustee at least 20 days prior to the Redemption Date, or a shorter period as may be fair satisfactory to the Trustee, of the aggregate principal amount of Notes of the series to be redeemed, if less than all of the Notes of that series are to be redeemed, and reasonable in the circumstancestheir Redemption Date. The Trustee will select, taking account of prevailing market practices, subject to compliance with any based on a method that most nearly approximates a pro rata selection unless otherwise required by law or applicable laws and stock exchange or other relevant authority depositary requirements. In these Conditions:, no less than 15 days nor more than 60 days prior to the Redemption Date, the Notes of that series to be redeemed in whole or in part. (5) Unless the Issuer defaults in payment of the Redemption Price, on and after any Redemption Date interest will cease to accrue on the Notes or portions thereof called for redemption.

Appears in 1 contract

Samples: Supplemental Indenture (Tanger Properties LTD Partnership /Nc/)

Redemption at the Option of the Issuer. If Call Option is specified (1) The Notes will be redeemable at any time in whole, or from time to time in part, at the relevant Final Terms, option of the Issuer may, on giving not less than 15 nor more than 30 days’ irrevocable notice to the Noteholders (or such other notice period as may be specified in the relevant Final Terms) redeem, all or, if so provided, some, of the Notes on any Optional date at a Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the relevant Final Terms (which may be the Early Redemption Amount (as described in Condition 7(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a principal amount at least Price equal to the Minimum Redemption Amount to be redeemed specified in the relevant Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the relevant Final Terms. The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (ai) 100 per cent. 100% of the principal amount outstanding of the Notes to be redeemed redeemed, and (bii) the sum of the present values as of the date of redemption or accelerated payment of the remaining scheduled payments of principal amount outstanding of and interest on the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued to the date of redemptionapplicable redemption or acceleration date) discounted to such redemption or acceleration date on a semiannual basis, assuming a 360-day year consisting of twelve 30-day months, at the date Treasury Rate plus 25 basis points, plus, in the case of redemption on an annual basis at both clauses (i) the Reference Note Rate plus the Redemption Margin or and (ii) the Discount Rateabove, in each case as specified in the relevant Final Terms. If the Make-whole Exemption Period is specified as applicable any accrued and the Issuer gives notice to redeem the Notes during the Make-whole Exemption Period, the Optional Redemption Amount will be 100 per cent. of unpaid interest on the principal amount outstanding of the notes being redeemed to such Redemption Date. Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest Payment Date falling on or prior to the relevant Redemption Date will be payable to the persons who were the Holders of the Notes registered as such at the close of business on the relevant Regular Record Dates according to the terms and provisions of the Indenture. (2) Notice of any redemption by the Issuer will be mailed at least 30 days but no more than 60 days before the Redemption Date to each Holder of Notes to be redeemed. All Notes in respect The notice of which any such notice is given shall be redeemed on redemption will specify among other things, the date specified in such notice in accordance with this Condition 7(d). In the case of a partial redemption the notice to Noteholders shall also contain the certificate numbers Redemption Price and principal amount of the Notes held by the Holder to be redeemed. (3) If the Issuer chooses to redeem less than all of the Notes of a series, the Issuer will notify the Trustee at least 45 days prior to giving notice of redemption, or a shorter period as may be satisfactory to the Trustee, of the aggregate principal amount of Notes of the series to be redeemed, which shall have been drawn if less than all of the Notes of that series are to be redeemed, and their Redemption Date. The Trustee will select, in such place and in such the manner as may be it deems fair and reasonable appropriate, no less than 60 days prior to the Redemption Date, the Notes of that series to be redeemed in whole or in part. (4) Unless the circumstancesIssuer defaults in payment of the Redemption Price, taking account of prevailing market practices, subject on and after any Redemption Date interest will cease to compliance with any applicable laws and stock exchange accrue on the Notes or other relevant authority requirements. In these Conditions:portions thereof called for redemption

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Tanger Factory Outlet Centers Inc)

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