Common use of Redemption With Proceeds of Equity Offerings Clause in Contracts

Redemption With Proceeds of Equity Offerings. At any time prior to April 15, 2014, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to (but excluding) the Redemption Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 2 contracts

Samples: Indenture (Petrolera San Antonio S.A.), Indenture (Navios Maritime Holdings Inc.)

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Redemption With Proceeds of Equity Offerings. At any time prior to April January 15, 20142017, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25107.375% of the principal amount, plus accrued and unpaid interest and Additional Interestinterest, if any, to (but excluding) the Redemption Date, with an amount not exceeding the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes originally issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 1 contract

Samples: Indenture (Navios Maritime Holdings Inc.)

Redemption With Proceeds of Equity Offerings. At any time prior to April November 15, 20142016, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25108.125% of the principal amount, plus accrued and unpaid interest and Additional Interestinterest, if any, to (but excluding) the Redemption Date, with an amount not exceeding the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes originally issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 1 contract

Samples: Indenture (Navios Maritime Acquisition CORP)

Redemption With Proceeds of Equity Offerings. At any time prior to April 15November 1, 20142012, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25108.875% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to (but excluding) the Redemption Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 1 contract

Samples: Indenture (Navios Maritime Holdings Inc.)

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Redemption With Proceeds of Equity Offerings. At any time prior to April February 15, 2014, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25108.125% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to (but excluding) the Redemption Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 1 contract

Samples: Indenture (Navios Maritime Holdings Inc.)

Redemption With Proceeds of Equity Offerings. At any time prior to April 15May 1, 20142017, the Co-Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any Additional Notes) at a Redemption Price of 109.25107.250% of the principal amount, plus accrued and unpaid interest and Additional Interestinterest, if any, to (but excluding) the Redemption Date, with an amount not exceeding the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes originally issued under the Indenture (excluding Notes held by the Co-Issuers and their Restricted Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) such redemption occurs not more than 180 days after the date of the closing of the relevant such Equity Offering.

Appears in 1 contract

Samples: Indenture (Navios South American Logistics Inc.)

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