Common use of Restrictions on Redemption Clause in Contracts

Restrictions on Redemption. The Company may not redeem any Notes if the Redemption Date would fall after the Maturity Date. In addition, no Notes may be redeemed on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

Appears in 15 contracts

Samples: Indenture (Cleanspark, Inc.), Indenture (Riot Platforms, Inc.), Indenture (MARA Holdings, Inc.)

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Restrictions on Redemption. The Company may not redeem any call the Notes for redemption if the Redemption Date would fall after the 30th Scheduled Trading Day immediately before the Maturity Date. In addition, no Notes may be redeemed on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

Appears in 1 contract

Samples: Indenture (Tilray, Inc.)

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