Common use of Redemption with Proceeds of Public Equity Offering Clause in Contracts

Redemption with Proceeds of Public Equity Offering. At any time and from time to time prior to June 15, 2007, the Company may redeem Notes with the Net Cash Proceeds received by the Company from one or more sales of its Capital Stock (other than Disqualified Stock) at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest plus a premium equal to the interest rate per annum, provided that at least 65% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding after each such redemption and notice of any such redemption is mailed within 90 days of each such sale of Capital Stock.

Appears in 1 contract

Samples: Indenture (E Trade Financial Corp)

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Redemption with Proceeds of Public Equity Offering. At any time and from time to time prior to June September 15, 20072008, the Company may redeem Notes with the Net Cash Proceeds received by the Company from one or more sales of its Capital Stock (other than Disqualified Stock) at a redemption price equal to 100107.375% of the principal amount plus accrued and unpaid interest plus a premium equal to the interest rate per annuminterest, provided that at least 65% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding after each such redemption and notice of any such redemption is mailed within 90 days of each such sale of Capital Stock.

Appears in 1 contract

Samples: Indenture (E Trade Financial Corp)

Redemption with Proceeds of Public Equity Offering. At any time and from time to time prior to June May 15, 20072013, the Company may redeem up to 35% of the initial principal amount of the Notes with the Net Cash Proceeds received by the Company of from one or more sales of its Capital Stock (other than Disqualified StockStock and other than a sale to a Subsidiary) at a redemption price equal to 100112.500% of the their principal amount amount, plus accrued and unpaid interest plus a premium equal (subject to the rights of Holders of record on a record date to receive interest rate per annumon the related Interest Payment Date), provided that at least 65% of the aggregate principal amount of Notes originally issued on the Closing Date under this Indenture remains outstanding after each such redemption and notice of any such redemption is mailed within 90 days of each such sale of Capital Stock.

Appears in 1 contract

Samples: Indenture (Penson Worldwide Inc)

Redemption with Proceeds of Public Equity Offering. At any time and from time to time after May 31, 2008 and prior to June 15November 30, 20072012, the Company may redeem Notes with the Net Cash Proceeds received by the Company from one or more sales of its Capital Stock (other than Disqualified Stock) at a redemption price equal to 100112.5% of the principal amount plus accrued and unpaid interest plus a premium equal to the interest rate per annuminterest, provided that at least 65% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding after each such redemption and notice of any such redemption is mailed within 90 days of each such sale of Capital Stock.

Appears in 1 contract

Samples: Indenture (E Trade Financial Corp)

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Redemption with Proceeds of Public Equity Offering. At any time and from time to time prior to June 15December 1, 20072008, the Company may redeem Notes with the Net Cash Proceeds received by the Company from one or more sales of its Capital Stock (other than Disqualified Stock) at a redemption price equal to 100107.875% of the principal amount plus accrued and unpaid interest plus a premium equal to the interest rate per annuminterest, provided that at least 65% of the aggregate principal amount of Notes originally issued on the Closing Date remains outstanding after each such redemption and notice of any such redemption is mailed within 90 days of each such sale of Capital Stock.

Appears in 1 contract

Samples: Indenture (E Trade Financial Corp)

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