Redemption; No Sinking Fund. The 2012 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of: (i) 100% of the principal amount of 2012 Notes then outstanding to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points (0.25%), as calculated by an Independent Investment Banker, plus, in both of the above cases, accrued and unpaid interest thereon to the redemption date. The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder of 2012 Notes to be redeemed. If the Company elects to partially redeem the 2012 Notes, the Trustee will select in a fair and appropriate manner the 2012 Notes to be redeemed. Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 Notes or portions thereof called for redemption. The 2012 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. (a) The 2012 2020 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 2020 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 2020 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points (0.25%), as calculated by an Independent Investment Banker, plus, in both either of the above cases, accrued and unpaid interest thereon to the redemption date. .
(b) The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder Holder of 2012 2020 Notes to be redeemed. If the Company elects to partially redeem the 2012 2020 Notes, the Trustee will select in a fair and appropriate manner the 2012 2020 Notes to be redeemed. .
(c) Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 2020 Notes or portions thereof called for redemption. .
(d) The 2012 2020 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. The 2012 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(iI) 100% of the principal amount of 2012 the Notes then outstanding to be redeemed, or
(iiII) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption dateRedemption Date) discounted to the redemption date Redemption Date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 50 basis points (0.250.50%), as calculated by an Independent Investment Banker, plus, in both of the above cases, accrued and unpaid interest thereon to the redemption dateRedemption Date (the "Redemption Price"). The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date Redemption Date to each holder of 2012 the Notes to be redeemed. If the Company elects to partially redeem the 2012 Notes, the Trustee will select in a fair and appropriate manner the 2012 Notes to be redeemed. Unless the Company defaults in payment of the redemption priceRedemption Price, on and after the redemption dateRedemption Date, interest will cease to accrue on the 2012 Notes or portions thereof called for redemption. The 2012 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. (a) The 2012 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points (0.25%), as calculated by an Independent Investment Banker, plus, in both either of the above cases, accrued and unpaid interest thereon to the redemption date. .
(b) The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder Holder of 2012 Notes to be redeemed. If the Company elects to partially redeem the 2012 Notes, the Trustee will select in a fair and appropriate manner the 2012 Notes to be redeemed. .
(c) Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 Notes or portions thereof called for redemption. .
(d) The 2012 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. (a) The 2012 2016 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 2016 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 2016 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points (0.25%), as calculated by an Independent Investment Banker, plus, in both either of the above cases, accrued and unpaid interest thereon to the redemption date. .
(b) The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder Holder of 2012 2016 Notes to be redeemed. If the Company elects to partially redeem the 2012 2016 Notes, the Trustee will select in a fair and appropriate manner the 2012 2016 Notes to be redeemed. .
(c) Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 2016 Notes or portions thereof called for redemption. .
(d) The 2012 2016 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. The 2012 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 30 basis points (0.250.30%), as calculated by an Independent Investment Banker, plus, in both of the above cases, accrued and unpaid interest thereon to the redemption date. The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder of 2012 Notes to be redeemed. If the Company elects to partially redeem the 2012 Notes, the Trustee will select in a fair and appropriate manner the 2012 Notes to be redeemed. Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 Notes or portions thereof called for redemption. The 2012 Notes are not entitled to the benefit of any sinking fund or analogous provision.
Appears in 1 contract
Redemption; No Sinking Fund. (a) The 2012 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points (0.25%), as calculated by an Independent Investment Banker, plus, in both either of the above cases, accrued and unpaid interest thereon to the redemption date. .
(b) The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder Holder of 2012 Notes to be redeemed. If the Company elects to partially redeem the 2012 Notes, the Trustee will select in a fair and appropriate manner the 2012 Notes to be redeemed. .
(c) Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 Notes or portions thereof called for redemption. .
(d) The 2012 Notes are not entitled to the benefit of any sinking fund or analogous provision.
(e) For the purposes of this Article Three, the following terms shall have the following respective meanings:
Appears in 1 contract
Redemption; No Sinking Fund. (a) The 2012 2017 Notes are subject to redemption, in whole or in part, at any time, and at the option of the Company, at a redemption price equal to the greater of:
(i) 100% of the principal amount of 2012 2017 Notes then outstanding to be redeemed, or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2012 2017 Notes then outstanding to be redeemed (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (computed based on a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 50 basis points (0.250.50%), as calculated by an Independent Investment Banker, plus, in both either of the above cases, accrued and unpaid interest thereon to the redemption date. .
(b) The Company will mail a notice of redemption at least 30 days but no more than 60 days before the redemption date to each holder Holder of 2012 2017 Notes to be redeemed. If the Company elects to partially redeem the 2012 2017 Notes, the Trustee will select in a fair and appropriate manner the 2012 2017 Notes to be redeemed. .
(c) Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the 2012 2017 Notes or portions thereof called for redemption. .
(d) The 2012 2017 Notes are not entitled to the benefit of any sinking fund or analogous provision.
(e) For the purposes of this Article Four, the following terms shall have the following respective meanings:
Appears in 1 contract