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

Redemption of the Notes at the Option of the Issuer. On the First Call Date and at any time and from time to time thereafter, subject to applicable laws, the Issuer may, at its option, by giving not less than 10 days’ nor more than 60 days’ notice to the Holders of Notes in accordance with the notice provisions (other than notice periods) set forth in the Original Indenture (which notice shall be irrevocable but may be conditional in the Issuer’s discretion on one or more conditions precedent, which will be set forth in the related notice of redemption, and the Redemption Date may be delayed until such time as any or all of such conditions have been satisfied or revoked by the Issuer if the Issuer determines that such conditions will not be satisfied), redeem the Notes (in whole or in part) at a redemption price equal to 100% of the principal amount thereof, together with accrued but unpaid interest thereon to, but excluding, the relevant Redemption Date. The Issuer will give notice to the Trustee of any such redemption at least five (5) Business Days’ prior to when notice is due to Holders of Notes.

Appears in 4 contracts

Samples: Brookfield BRP (Brookfield Renewable Corp), Brookfield Renewable Partners L.P., Brookfield Renewable Corp

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Redemption of the Notes at the Option of the Issuer. On the First Call Date and at any time and from time to time thereafter, subject to applicable laws, the Issuer may, at its option, redeem the Notes (in whole or in part) at a redemption price equal to 100% of the principal amount thereof, together with accrued but unpaid interest thereon to, but excluding, the relevant Redemption Date, by giving not less than 10 days’ nor more than 60 days’ notice to the Holders of Notes in accordance with the notice provisions (other than notice periods) set forth in the Original Base Indenture (which notice shall be irrevocable but may be conditional in the Issuer’s discretion on one or more conditions precedent, which will be set forth in the related notice of redemption, and the Redemption Date may be delayed until such time as any or all of such conditions have been satisfied or revoked by the Issuer if the Issuer determines that such conditions will not be satisfied), redeem the Notes (in whole or in part) at a redemption price equal to 100% of the principal amount thereof, together with accrued but unpaid interest thereon to, but excluding, the relevant Redemption Date. The Issuer will give notice to the U.S. Trustee of any such redemption at least five (5) Business Days’ Days prior to when notice is due to Holders of Notes.

Appears in 1 contract

Samples: First Supplemental Indenture (Brookfield Infrastructure Partners L.P.)

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