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 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 Issuer may‌ optionally redeem 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 Outstanding Notes (exclusive of interest accrued one or more series), in whole or in part, at any time, at a price equal to the date of redemption) discounted to the date of redemption on an annual basis at (i) the Reference Note Rate Redemption Price plus the Redemption Margin or (ii) the Discount Rate, in each case as specified in the relevant Final Termsevent that the Outstanding Initial Notes of any series are so optionally redeemed at any time prior to the date falling three months (in the case of the 2023 Notes and the 2025 Notes) or six months (in the case of the 2027 Notes and the 2030 Notes) prior to the Scheduled Maturity Date applicable to such series, the applicable Make-Whole Premium; provided that, on the date notice of such redemption is delivered to the Trustee pursuant to Section 3.3 (Notice of Redemption), no Event of Default shall be continuing. Any redemption and notice of redemption may, at the Issuer’s discretion, be subject to the satisfaction of one or more conditions precedent. In addition, if such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, at the Issuer’s discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date so delayed. If the Make-whole Exemption Period optional Redemption Date is specified as applicable on or after an interest record date and on or before the related interest payment date, the accrued and unpaid interest will be paid to the Person in whose name the Initial Note is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Notes will be subject to redemption by the Issuer. If a Redemption Date is not a Business Day, payment may be made on the next succeeding day that is a Business Day, and no interest shall accrue on any amount that would have been otherwise payable on such Redemption Date if it were a Business Day for the intervening period. For the avoidance of doubt, each of the Sponsor and the Issuer gives notice may also purchase Notes at any time and from time 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 time in the circumstancesopen market, taking account of prevailing market practicesin privately negotiated transaction, subject to compliance with any applicable laws and stock exchange through tender offer or other relevant authority requirements. In these Conditions:similar process, or otherwise.

Appears in 1 contract

Samples: Indenture

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

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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. The Notes are redeemable (1) at the option of the principal Issuer in whole, or in part at only one time during the term hereof or (2) pursuant to the provisions of Section 12.3(d), at the Redemption Price on any Redemption Date and such redemption, unless deemed exercised hereunder, shall be exercised by delivery of an Issuer Order to the Trustee; provided, that (i) no Event of Default has occurred and remains uncured and (ii) except in the case of an Extraordinary Optional Redemption, the Redemption Date must be the first available Redemption Date for which the Trustee can give a proper Redemption Notice after receipt of such Issuer Order by the Trustee; provided, further, that any redemption in part pursuant to clause (1) above is in an amount outstanding equal to 50% of the Notes to Note Principal Balance outstanding on the Redemption Date and shall be redeemed and (b) the sum applied pro rata among each of the present values Candie’s/Xxx Xxxxx Note Principal Balance, the Rampage Note Principal Balance and the Xxxx Note Principal Balance of each Note; provided, further, that any redemption in part pursuant to clause (1) above with respect to all or part of the principal amount outstanding of the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued Xxxx Note Principal Balance prior to the date Xxxx Recalculation Date shall be governed by the terms of redemptionSection 10.1(b) discounted below; and provided, further, that any redemption pursuant to the date of redemption on an annual basis at clause (2) above with respect to any Asset relating to (i) the Reference Note Rate plus the Redemption Margin Primary Xxxx CANDIES or XXX XXXXX, (ii) the Discount RatePrimary Xxxx RAMPAGE or (iii) the Primary Xxxx XXXX shall be applied in reduction of the Candie’s/Xxx Xxxxx Note Principal Balance, in the Rampage Note Principal Balance or the Xxxx Note Principal Balance, respectively, of each case as specified Note. Note Principal Payments shall not constitute payments to redeem Notes and the reduction 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. Note Principal Balance of the principal amount outstanding of the Notes to be redeemed. All Notes in respect of which any Note with any such notice is given payment shall not be redeemed on a redemption of such Note within the date specified in such notice in accordance with meaning and for any purposes of 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:Indenture.

Appears in 1 contract

Samples: Indenture (Iconix Brand Group, Inc.)

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