Redemption Terms. (i) On June 30, 2018 (the “Initial Redemption Date”) and on any Class B Payment Date falling on or after the Initial Redemption Date, the Class B Preferred Securities shall be redeemable at the option of the Company, in whole but not in part, at a redemption price per Class B Preferred Security equal to the Class B Liquidation Preference Amount, plus any accrued and unpaid Capital Payments in respect of the then current Class B Payment Period to but excluding the date of redemption (the “Class B Redemption Date”), plus, in respect of the Upper Tier 2 Percentage of the Class B Preferred Securities, all outstanding Arrears of Payments, if any, on such portions, plus Additional Amounts, if any, on such portion (the sum of which is the “Redemption Price”), provided that, the Company may exercise its right to redeem the Class B Preferred Securities only if (A) the Company has given 30 calendar days’ prior notice (or such longer period as may be required by the relevant regulatory authorities) to the Class B Preferred Securityholders of its intention to redeem the Class B Preferred Securities on the Class B Redemption Date and (B) the Company has obtained any required regulatory approvals.
(ii) The Company shall have the right, upon the occurrence of a Company Special Redemption Event, to redeem the Class B Preferred Securities at any time upon at least 30 calendar days’ prior notice, in whole but not in part, at the Redemption Price, subject to the Company having obtained any required regulatory approvals.
(iii) In the event that payment of the Redemption Price in respect of any Class B Preferred Securities is improperly withheld or refused and not paid, Capital Payments on such Class B Preferred Securities shall continue to accrue at the Stated Rate from the designated Class B Redemption Date to the date of actual payment of the Redemption Price, in which case the actual payment date shall be considered the Class B Redemption Date for purposes of calculating the Redemption Price.
(iv) No redemption of the Class B Preferred Securities shall take place for any reason unless on the Class B Redemption Date (i) the Company has an amount of cash funds (by reason of payments on the Obligations or the Class B Preferred Guarantee) at least equal to the Redemption Price, plus Additional Amounts, if any, (ii) the Company has an amount of Operating Profits for the current Class B Payment Period at least equal to the Capital Payments on the Class B Preferred Securities and...
Redemption Terms. The Company reserves the right, at its sole option, to call a mandatory redemption of any percentage of the balance on the Debentures during the two hundred ten (210) day period following the Closing Date. In the event the Company exercises such right of redemption up to and including the two hundred tenth (130th) day following the Closing Date it shall pay the Holder, in U.S. currency One Hundred Thirty Percent (130%) of the face amount of the Debentures redeemed. Mandatory redemption by the Company shall be effected by the Company notifying the Holder by facsimile at the number listed in the Subscription Agreement of the Company's intention to exercise its right of mandatory redemption. The Company shall state in such notice the dollar amount of the Debentures it intends to redeem, the amount that it will pay to effectuate such redemption and the date by which the Holder must deliver the Debentures to Xxxxxx X. XxXxxxx, Escrow Agent (including the Escrow Agent's address) unless the Company is already in receipt of those Debentures to be redeemed. The date by which the Debentures must be delivered to the Escrow Agent shall not be later than 10 business days following the date the Company notifies the Holder by facsimile of the redemption. The Company shall give the Holder at least 2 business day's notice of the above information. On or before the date by which the Holder is to deliver the original Debentures to the Escrow Agent, the Company shall wire to the Escrow Agent that amount necessary to pay the Holder to effectuate the mandatory redemption. Once the Escrow Agent is in receipt of the original Debentures and those funds necessary to effectuate the mandatory conversion he shall wire those funds to the Holder and deliver to the Company the original Debentures via overnight courier. The Holder shall not be entitled to send a Conversion Notice to the Company with respect to the Debentures being redeemed during such period.
Redemption Terms. The Class A Preferred Security shall not be redeemable.
Redemption Terms. The Debentures shall be redeemable at the expiry of 24 months from the date of their issue. In the event of the company failing to redeem the Debentures upon being called upon to do so, the company shall be liable to pay penal interest, compounded on a daily basis at a rate of 4 % per annum over and above the normal interest rate payable by the company from the date of default till the date of actual redemption. This remedy shall be in addition to all other remedies available with the Debenture holder.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership at any time prior to maturity in an amount equal to the principal thereof and Make-Whole Amount (as defined in the Indenture), if any, and interest thereon.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership:
(a) at any time prior to December 15, 2020, in an amount equal to the sum of (i) the principal amount thereof, plus accrued and unpaid interest thereon and (ii) the Make-Whole Amount (as defined in the Indenture), if any; and
(b) on or after December 15, 2020, in an amount equal to the principal amount thereof, plus accrued and unpaid interest thereon.
Redemption Terms. Eighty five percent (85%) of the total value of each partial delivery of the equipment in operation shall be paid in 20 biannual installments, equal and consecutive. The first installment shall be due six (6) months after each date of the transaction of receipt of the goods and their placing in operation. E)
Redemption Terms. Optional — redeemable prior to maturity, in whole or in part, at the option of the Company at a make-whole redemption price (as defined and described in further detail in the Prospectus Supplement).
Redemption Terms. Optional--redeemable prior to maturity, in whole or in part, at the option of the Company at a make-whole redemption price (as defined and described in further detail in the prospectus supplement). Special--redeemable prior to maturity, in whole but not in part, upon the occurrence of specific events, at the option of the Company at a make-whole redemption price (as defined and described in further detail in the prospectus supplement). Closing Date and Location: July 18, 2001 Hunton & Willxxxx One Xxxxxxxx Xxxxxx, 00xx Xxxxx Xxxxxxx, Xxxxx Xxxxxxxx 00000 SCHEDULE II UNDERWRITER PRINCIPAL AMOUNT ----------- ---------------- Banc of America Securities LLC $120,000,000 Banc One Capital Markets, Inc. $ 60,000,000 Saloxxx Xxxxx Xxxnxx Xxx. $ 60,000,000 SunTrust Equitable Securities Corporation $ 30,000,000 Wachovia Securities, Inc. $ 30,000,000 ----------- TOTAL $300,000,000
Redemption Terms. As described in the Underlying Security disclosure documents the Underlying Securities may be redeemed as a whole or in part at any time at the option of the Underlying Security Issuer. CUSIP No.:/ISIN Xx. 000000 XX 0 Underlying Security Trustee: JPMorgan Chase Bank (as successor to The Chase Manhattan Bank, N.A.).
