Required Redemptions Clause Samples

Required Redemptions. 2 (b) Optional Redemptions With and Without Premium................................................2 (c) Notice of Redemptions; Pro Rata Redemptions..................................................2 1.06. Payment on Non-Business Days.................................................................3 1.07. Registration, etc............................................................................3 1.08. Transfer and Exchange of Notes...............................................................3 1.09.

Required Redemptions. The General Partner, in its sole discretion, may require a Limited Partner to surrender all or any portion of its Partnership Units and withdraw from the Partnership to the extent such redemption is in the best interest of the Partnership, as determined by the General Partner in good faith at any time for any reason or no reason with or without prior notice to such Limited Partner. A notice of mandatory redemption pursuant to this Section 8.6 shall have the same effect as a request for redemption by a Limited Partner given pursuant to Section 8.5; provided, that the mandatory redemption of all or any portion of such Limited Partner’s Partnership Units shall be effective on the date determined by the General Partner and indicated in such notice.

Required Redemptions. The General Partner, in its sole discretion and notwithstanding anything else to the contrary, may require a Limited Partner to surrender and redeem all or any portion of its Units and withdraw from the Partnership in whole or in part (a) at any time with or without prior notice to such Limited Partner and in priority to any other redemptions for legal, tax, regulatory or other considerations the General Partner determines advisable, or (b) at any time that the Commitment of such Limited Partner is less than €10 million. Subject to the immediately preceding sentence, a Limited Partner that is required to withdraw all or a portion of its Units shall be treated in all respects in the same manner as a Limited Partner that redeems all or a portion of its Units voluntarily. A notice of mandatory redemption pursuant to this Section 7.7 shall have the same effect as a request for redemption by a Limited Partner given pursuant to Section 7.6; provided that the mandatory redemption of all or any portion of such Limited Partner’s Units shall be effective on the date determined by the General Partner and indicated in such notice and may in the General Partner’s sole discretion be satisfied in priority to other requested redemptions; provided further that any Units redeemed pursuant to this Section 7.7 shall be disclosed in the reports delivered to the Limited Partners in accordance with Section 10.3 relating to such quarter (or in any correspondence distributed to the Limited Partners on or prior to the date such reports are delivered to the Limited Partners). Without limiting the foregoing, in the event that the General Partner requires a Limited Partner to surrender and redeem its Units and withdraw from the Partnership pursuant to this Section 7.7, the General Partner shall, to the extent practicable and permitted by applicable law, (i) provide such Limited Partner with advance notice of such required redemption and (ii) consult with such Limited Partner prior to such required redemption.

Required Redemptions. Beginning on and with September 30, 1998, -------- ----------- and on the last day of December, March, June and September in each year thereafter through and including June 30, 2002, the Company will redeem, without premium, $62,500 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Required Redemptions. On the Due Date (as defined in each Note) or the accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon.

Required Redemptions. Upon the receipt of the Net Cash Proceeds (i) of Extraordinary Receipts not to be used in accordance with the Business Plan and (ii) of the issuance of additional debt or equity permitted under this Agreement (other than the issuance of additional debt in an aggregate amount not to exceed $10,000,000 on terms and conditions reasonably satisfactory to the Purchaser and in accordance with Section 9.3(c)), the Company will apply all such proceeds to redeem the Notes outstanding on such date at 100% of the aggregate principal amount of the Notes so redeemed, together with all interest accrued and unpaid on such Notes to the date of such redemption to the extent permitted under the Indentures.

Required Redemptions. 2 (b) Optional Redemptions With Premium.............. 3 (c)

Required Redemptions. On the stated or accelerated maturity date of the Notes, the Companies will redeem, without premium, the entire principal amount of the Notes then outstanding, together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Companies to make the redemption required by this subsection.

Required Redemptions. (a) On the stated or accelerated maturity date of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon, including, without limitation, all PIK Interest. No redemption of less than all of the Notes shall affect the obligation of the Company to make the redemption required by the preceding sentence. Unless the Notes (or a portion thereof) have previously been redeemed or repurchased under Section 2.6.2, Section 2.6.4, Section 2.6.5, Section 2.6.6, Section 2.6.7 or Section 2.6.8, the Company shall redeem the outstanding principal amount of the Notes (including PIK Interest capitalized pursuant thereto) in one installment in the principal amount of $87,000,000 (or the then outstanding principal amount of the Notes) on the Maturity Date. (b) The Company shall, if the Closing Date has not occurred by November 30, 2004, repurchase on such date all of the Notes and Warrants issued by the Company to the Purchasers for a repurchase price equal to the Escrowed Funds, which shall be released from the Escrow Account to the Purchasers, pro rata, based upon the principal amount of Notes purchased.