Common use of Right of Redemption Clause in Contracts

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 3 contracts

Samples: Indenture (VWR Funding, Inc.), Indenture (VWR International, Inc.), Indenture (VWR International, Inc.)

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Right of Redemption. (a) The Notes will may be redeemable, redeemed at the option of the Company’s option, in as a whole or in part, and from time to time in part, at any time on and or after April August 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may2002, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable and at the following redemption prices (expressed as a percentage Redemption Prices specified in the form of principal amount)Note, plus together with accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %Date. (b) In addition, at any time and or from time to time on or prior to April August 15, 20072000, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original sum of (i) the initial aggregate principal amount of the Notes and (including ii) the initial aggregate principal amount of any Additional Notes), Notes on one or more occasions with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate net proceeds of one or more Public Equity Offerings, Offerings at a redemption price (expressed as a percentage equal to 110% of the principal amount thereof) of 108.000%, plus accrued interest, if any, and unpaid interestLiquidated Damages, if any, to the Redemption Date redemption date (subject to Section 307the right of holders of record on the relevant record date to receive interest due on an interest payment date); providedPROVIDED that, howeverimmediately after giving effect to such redemption, that an aggregate principal amount of Notes equal to at least 65% of the original sum of (x) the initial aggregate principal amount of the Notes and (including y) the initial aggregate principal amount of any Additional Notes) must remain outstanding after each Notes remains outstanding; PROVIDED FURTHER that such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 redemptions shall occur within 45 days after the completion of the related Equity Offering). The Company may provide in such notice that payment date of the redemption price and performance closing of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related each Public Equity Offering. (c) At any time Upon the occurrence of a Change of Control prior to April August 15, 20092002, the Notes may also will be redeemed or purchased (by the Company or any other Person) redeemable, in whole or in part, at the option of the Company’s option, upon not less than 30 nor more than 60 days prior notice to each holder of Notes to be redeemed, at a redemption price (the “Redemption Price”) equal to 100% the sum of (i) the then outstanding principal amount thereof plus the Applicable Premium as of(ii) accrued and unpaid interest thereon, and accrued but unpaid interestLiquidated Damages, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including redemption date plus (iii) the occurrence of a Change of ControlApplicable Premium.

Appears in 2 contracts

Samples: Indenture (Burke Industries Inc /Ca/), Indenture (Burke Industries Inc /Ca/)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April January 15, 2009 2016 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April January 15 of the years set forth below: 2009 104.000 2016 103.688 % 2010 102.667 2017 102.458 % 2011 101.333 2018 101.229 % 2012 2019 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April January 15, 20072014, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000107.375%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding immediately after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April January 15, 20092016, Notes of any series may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Hertz Global Holdings Inc)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April August 15, 2009 2008 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April August 15 of the years set forth below: 2008 104.750 % 2009 104.000 103.167 % 2010 102.667 101.583 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April August 15, 20072006, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 109.500% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April August 15, 20092008, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005address, not less than 30 nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Graphic Packaging Corp)

Right of Redemption. (a) The 9 5/8% Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April March 15, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April March 15 of each of the years set forth below: 2009 104.000 2014 104.813% 2010 102.667 2015 102.406% 2011 101.333 % 2012 2016 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April March 15, 20072013, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the 9 5/8% Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%109.625% for the 9 5/8% Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if 9 5/8% Notes are redeemed, an aggregate principal amount of 9 5/8% Notes equal to at least 65% of the original aggregate principal amount of 9 5/8% Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of 9 5/8% Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April March 15, 20092014, the 9 5/8% Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, prior to May 15, 2027 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of ControlControl or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to May 15, 2027, the Company, at its option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an aggregate amount not exceeding the aggregate net cash proceeds of one or more Equity Offerings, at a Redemption Price (expressed as a percentage of principal amount thereof) of 106.375% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the aggregate principal amount of the Notes (including any Additional Notes issued after the Issue Date) must remain Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) In addition, at any time and from time to time on or after May 15, 2027, the Company, at its option, may in whole or in part, redeem the Notes (including any Additional Notes) upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005, at the redemption prices set forth below (expressed as a percentage of the principal amount) plus accrued and unpaid interest, if any, to, the Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on May 15 of the years set forth below: 2027 103.188 % 2028 101.594 % 2029 and thereafter 100.000 %

Appears in 1 contract

Samples: Ninth Supplemental Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15December 1, 2009 2020 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 3073.9), if redeemed during the 12-month period commencing on April 15 December 1 of the years set forth below: 2009 104.000 2020 102.813 % 2010 102.667 2021 101.875 % 2011 101.333 2022 100.938 % 2012 2023 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15December 1, 20072018, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000105.625%, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 3073.9); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 4.5 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15December 1, 20092020, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 3073.9). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Third Supplemental Indenture (Sally Beauty Holdings, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April June 15, 2009 2013 and prior to maturity at the applicable redemption price prices set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April June 15 of the years set forth below: 2009 104.000 2013 104.750 % 2010 102.667 2014 102.375 % 2011 101.333 % 2012 2015 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April June 15, 20072012, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 109.500% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April June 15, 20092013, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005address, not less than 30 nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s Issuers’ option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address address, in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the redemption price and the performance of the Company’s Issuers’ obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 2014 105.125 % 2010 102.667 2015 103.417 % 2011 101.333 2016 101.708 % 2012 2017 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072012, the Company Issuers at its their option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000110.250%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company Issuers may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 90 days after the completion of the related Equity Offering). The Company Issuers may provide in such notice that payment of the redemption price and performance of the Company’s Issuers’ obligations with respect re- spect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092014, Notes of any series may also be redeemed or purchased (by the Company Issuers or any other Person) in whole or in part, at the Company’s Issuers’ option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the Redemption Price and performance of the Company’s Issuers’ obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (RSC Equipment Rental, Inc.)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s Issuers’ option, in whole or in part, at any time and from time to time on and after April 15February 1, 2009 2016 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address address, in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the redemption price and the performance of the Company’s Issuers’ obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 February 1 of the years set forth below: 2009 104.000 2016 104.125 % 2010 102.667 2017 102.750 % 2011 101.333 2018 101.375 % 2012 2019 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15February 1, 20072014, the Company Issuers at its their option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.250%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company Issuers may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 90 days after the completion of the related Equity Offering). The Company Issuers may provide in such notice that payment of the redemption price and performance of the Company’s Issuers’ obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15February 1, 20092016, Notes of any series may also be redeemed or purchased (by the Company Issuers or any other Person) in whole or in part, at the Company’s Issuers’ option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the Redemption Price and performance of the Company’s Issuers’ obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (RSC Equipment Rental, Inc.)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15January 1, 2009 2010 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 January 1 of the years set forth below: 2009 104.000 2010 104.438 % 2011 102.219 % 2012 and thereafter 100.000 % 2010 102.667 103.938 % 2011 101.333 101.969 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15January 1, 20072009, the Company at its option may redeem Notes in an aggregate principal amount equal to (x) up to 35% of the original aggregate principal amount of the Dollar Notes (including the principal amount of any Additional Dollar Notes) and (y) up to 35% of the original aggregate principal amount of Euro Notes (including the principal amount of any Additional Euro Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.875%, for Dollar Notes and 107.875%, for Euro Notes, in each case plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that that (1) if Dollar Notes are redeemed, an aggregate principal amount of Dollar Notes equal to at least 65% of the original aggregate principal amount of Dollar Notes (including the principal amount of any Additional Dollar Notes) must remain outstanding after each such redemptionredemption of Dollar Notes, and (2) if Euro Notes are redeemed, an aggregate principal amount of Euro Notes equal to at least 65% of the original aggregate principal amount of Euro Notes (including the principal amount of any Additional Euro Notes) must remain outstanding after each such redemption of Euro Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15January 1, 20092010, Notes of any series may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Hertz Corp)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s Issuers’ option, in whole or in part, at any time and from time to time on and after April July 15, 2009 2013 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s the registered address of each Holder of Notes to be redeemed, in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the redemption price and the performance of the Company’s Issuers’ obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April July 15 of the years set forth below: 2009 104.000 2013 105.000 % 2010 102.667 2014 102.500 % 2011 101.333 % 2012 2015 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April July 15, 20072012, the Company Issuers at its their option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, 110% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company Issuers may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 90 days after the completion of the related Equity Offering). The Company Issuers may provide in such notice that payment of the redemption price and performance of the Company’s Issuers’ obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April July 15, 20092013, Notes of any series may also be redeemed or purchased (by the Company Issuers or any other Person) in whole or in part, at the Company’s Issuers’ option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s the registered address of each Holder of Notes to be redeemed or purchased in accordance with Section 1005. The Company Issuers may provide in such notice that payment of the Redemption Price and performance of the Company’s Issuers’ obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (RSC Equipment Rental, Inc.)

Right of Redemption. (a) The Except as set forth in this ------------------- Section 1001, the Notes will not be redeemable at the option of the Company ------------ prior to May 15, 2003. Thereafter, the Notes will be redeemable, at the Company’s 's option, in whole or in part, and from time to time on and after April May 15, 2009 2003 and prior to maturity at the applicable redemption price set forth belowmaturity. Such redemption may be made upon notice mailed by first-class mail to each Holder’s 's registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s 's discretion, ------------ be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices Redemption Prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period ----------- commencing on April May 15 of the years set forth below: 2009 104.000 REDEMPTION PERIOD PRICE ------ ---------- 2003 104.875% 2010 102.667 2004 103.250% 2011 101.333 2005 101.625% 2012 2006 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April May 15, 20072001, the Company at its option may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the "Redemption Amount") not exceeding the aggregate cash ----------------- proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 109.75% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an ----------- -------- ------- aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s 's registered address in accordance with Section 1005 (but in no event ------------ more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s 's discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time on or prior to April May 15, 20092003, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or but not in part, at the Company’s 's option, upon the occurrence of a Change of Control, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by ----------- first-class mail to each Holder’s 's registered address in accordance with Section 1005------- 1005 (but in no event more than 180 days after the occurrence of such Change of ---- Control). The Company may provide in such notice that payment of the Redemption Price such price and performance of the Company’s 's obligations with respect to such redemption or purchase may be performed by another Person. Any such notice may be given prior to the occurrence of the related Change of Control, and any such redemption, purchase or notice may, at the Company’s Com pany's discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a the related Change of Control.

Appears in 1 contract

Samples: Indenture (Dynatech Corp)

Right of Redemption. (a) The Notes will not be redeemableredeemable at any time prior to maturity except as set forth below. At any time prior to October 1, at 2017, the Company’s option, Notes also may be redeemed in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth belowoption of the Company, at a Redemption Price equal to 100% of the principal amount thereof plus the Applicable Premium as of the Redemption Date, plus accrued and unpaid interest, if any, to but not including the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address (in accordance with Section 1005. The Company the case of Global Notes, it being understood that the Depositary may provide in also send such notice that payment electronically to the beneficial holders), not less than 30 nor more than 60 days prior to the Redemption Date. On or after October 1, 2017, the Notes may be redeemed in whole or in part, at the option of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable Company at the following redemption prices Redemption Price (expressed as a percentage of principal amount)) set forth below, plus accrued and unpaid interestinterest to, if anybut not including, to the relevant applicable Redemption Date (subject to Section 307the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12twelve-month period commencing on April 15 October 1 of the years set forth indicated below: 2009 104.000 2017 102.652 % 2010 102.667 2018 101.750 % 2011 101.333 2019 100.875 % 2012 2020 and thereafter 100.000 % (b) % In addition, at any time and from time to time on or prior to April 15October 1, 20072015, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), ) with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds Net Cash Proceeds of one or more Equity Offeringssales of common stock of the Company at any time as a whole or from time to time in part, at a redemption price Redemption Price (expressed as a percentage of principal amount thereofamount) of 108.000105.25%, plus accrued and unpaid interestinterest thereon, if any, to the Redemption Date Date; provided that (subject to Section 307); provided, however, that an i) at least 60% of the aggregate principal amount of Notes equal to at least 65% of originally issued on the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain Closing Date remains outstanding after each such redemption. The Company may make such redemption upon and (ii) notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction is mailed within 60 days after each such sale of one or more conditions precedent, including the completion of the related Equity Offeringcommon stock. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Sothebys)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amountAccreted Value), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 2014 105.2500 % 2010 102.667 2015 102.6250 % 2011 101.333 % 2012 2016 and thereafter 100.000 100.0000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072012, the Company at its option may redeem Notes in an aggregate principal amount Accreted Value equal to up to 35% of the original aggregate principal amount Accreted Value of the Notes (including the principal amount Accreted Value of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount the Accreted Value thereof) of 108.000110.50%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307); provided, however, that an aggregate principal amount Accreted Value of Notes equal to at least 65% of the original aggregate principal amount Accreted Value of Notes (including the principal amount Accreted Value of any Additional Notes) must remain outstanding immediately after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092014, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount Accreted Value thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Johnsondiversey Holdings Inc)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2011 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 105.250 % 2012 103.500 % 2013 101.750 % 2014 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072009, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000110.500%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092011, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (New Sally Holdings, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 15May 1, 2009 2010 and prior to maturity at the applicable redemption price prices set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 May 1 of the years set forth below: 2009 104.000 % 2010 102.667 104.375 % 2011 101.333 102.917 % 2012 101.458 % 2013 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15May 1, 20072010, the Company Company, at its option option, may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.750%, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 6550% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of the Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15May 1, 20092010, such Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Adesa California, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2010 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 % 2010 102.667 104.625 % 2011 101.333 102.313 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072009, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000109.250%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092010, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (New Sally Holdings, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 2008 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2008 103.438 % 2009 104.000 101.719 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000106.875%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, 2008 Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (VWR International, Inc.)

Right of Redemption. (a) The Notes will may be redeemableredeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, in whole or in partprior to May 15, 2024 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and from time accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date”) (subject to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth belowSection 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price Redemption Price and the performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption and redemption, purchase or notice may, in at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %. (b) In addition, at any time and from time to time on or prior to April May 15, 20072019, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 104.125% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Second Supplemental Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 15May 1, 2009 and prior to maturity at the applicable redemption price prices set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 May 1 of the years set forth below: 2009 104.000 102.000 % 2010 102.667 101.000 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15May 1, 20072010, the Company Company, at its option option, may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%100% plus the applicable rate of interest per annum on the date on which notice of redemption is given for the Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 6550% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of the Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15May 1, 2009, such Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Adesa California, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15January 1, 2009 2011 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 January 1 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 105.250 % 2012 103.500 % 2013 101.750 % 2014 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15January 1, 20072009, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000110.5%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15January 1, 20092011, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Hertz Corp)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %[Reserved]. (b) In addition, at At any time and from time to time on or prior to April July 15, 20072020, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% all or a part of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) upon not exceeding the aggregate proceeds of one or less than 30 nor more Equity Offeringsthan 60 days’ prior notice, at a redemption price (expressed as a percentage equal to 100% of the principal amount thereof) of 108.000%Notes redeemed plus the Applicable Premium as of, plus and accrued and unpaid interest, if any, to the Redemption Date (Date, subject to Section 307); providedthe rights of Holders on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date. (c) From and after July 15, however2020, that an aggregate the Company may redeem the Notes, in whole or in part, upon not less than 30 nor more than 60 days’ prior notice at the redemption prices (expressed as percentages of principal amount amount) set forth below, plus accrued and unpaid interest, if any, thereon to the applicable Redemption Date, subject to the right of Notes equal Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month period beginning on July 15 of each of the years indicated below: 2020 104.000 % 2021 102.000 % 2022 and thereafter 100.000 % (d) Prior to July 15, 2020, the Company may, at least 65its option, redeem up to 40% of the sum of the original aggregate principal amount of Notes (including and the original principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such issued under this Indenture at a redemption upon notice mailed by first-class mail price equal to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion 110.750% of the related Equity Offering). The Company may provide in such notice that payment of the redemption price aggregate principal amount thereof, plus accrued and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior unpaid interest, if any, thereon to the completion of the related Equity Offeringapplicable Redemption Date, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction right of Holders of record on the Regular Record Date to receive interest due on the relevant Interest Payment Date, with funds in an amount equal to all or a portion of the net cash proceeds of one or more conditions precedent, including the completion Equity Offerings of the related Company or any direct or indirect parent of the Company to the extent such net cash proceeds are contributed to the Company; provided that: (1) at least 60% of the sum of the aggregate principal amount of the Notes originally issued under this Indenture and the aggregate principal amount of any Additional Notes issued under this Indenture after the Issue Date remain Outstanding immediately after the occurrence of each such redemption (unless all Notes Outstanding on the Redemption Date are redeemed); and (2) that each such redemption occurs within 180 days of the date of closing of each such Equity Offering. (ce) At If a Change of Control occurs (x) at any time on or prior to April July 15, 20092019, Notes may also be redeemed or purchased (by the Company (or a third party on behalf of the Company) may, at its option, redeem all, but not less than all, of the Notes, at a redemption price equal to 102.000% of the principal amount of the Notes and (y) at any other Persontime after July 15, 2019 but on or prior to July 15, 2020, the Company (or a third party on behalf of the Company) may, at its option, redeem all, but not less than all, of the Notes, at a redemption price equal to 103.000% of the principal amount of the Notes, in whole each case, plus accrued and unpaid interest, if any, thereon to the applicable Redemption Date, subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date (a “Change of Control Redemption”). If the Company (or in partsuch third party) elects to exercise this redemption right, it must do so by sending a redemption notice to each Holder with a copy to the Trustee within 30 days following the Change of Control (or, at the Company’s option, prior to such Change of Control but after the transaction giving rise to such Change of Control is publicly announced). Any such redemption may be conditioned upon the Change of Control occurring if the notice is sent prior to the Change of Control. If the Company (or such third party) exercises the Change of Control Redemption right, the Company may elect not to make the Change of Control Offer pursuant to Section 1017 unless it defaults in payments due upon redemption. (f) Upon consummation by the Company or any Restricted Subsidiary of one or more Asset Sales generating Net Proceeds in excess of $35.0 million in the aggregate (x) at any time on or prior to July 15, 2019, the Company may, at its option, redeem all or a portion of the Notes in an aggregate principal amount not to exceed such Net Proceeds, at a redemption price (the “Redemption Price”) equal to 100102.000% of the principal amount thereof of the Notes and (y) at any time after July 15, 2019 but on or prior to July 15, 2020, the Company may, at its option, redeem all or a portion of the Notes in an aggregate principal amount not to exceed such Net Proceeds, at a redemption price equal to 103.000% of the principal amount of the Notes, in each case, plus the Applicable Premium as of, accrued and accrued but unpaid interest, if any, tothereon to the applicable Redemption Date, subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date (an “Asset Sale Redemption”). If the Company elects to exercise this redemption right, it must do so by sending a notice of an Asset Sale Redemption at least 30 days prior to such Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance Holder with Section 1005. The Company may provide in such notice that payment of a copy to the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another PersonTrustee. Any such redemptionredemption may be conditioned upon the consummation of an Asset Sale if the notice is sent prior to consummation of such Asset Sale. For the avoidance of doubt, purchase or notice may, at any cash actually applied to redeem Notes pursuant to an Asset Sale Redemption shall be excluded from the Company’s discretion, be subject calculation of Excess Proceeds and therefore the requirement to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Controlmake an Asset Sale Offer.

Appears in 1 contract

Samples: Indenture (Aleris Corp)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, 2024 Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, prior to March 15, 2024 (such date, the “2024 Par Call Date”) at a price (the “2024 Notes Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “2024 Notes Redemption Date”) (subject to Section 307). The 2026 Notes may be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, prior to March 15, 2026 (such date, the “2026 Par Call Date” and, together with the 2024 Par Call Date, the “Par Call Dates”) at a price (the “2026 Notes Redemption Price” and, together with the 2024 Notes Redemption Price, the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “2026 Notes Redemption Date Date” and, together with the 2024 Notes Redemption Date, the “Redemption Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of the occurrence of a Change of ControlControl or another corporate or finance transaction.

Appears in 1 contract

Samples: Supplemental Indenture (Graphic Packaging International, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 1512, 2009 2015 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interestinterest (including, for the avoidance of doubt, accrued and unpaid PIK Interest), if any, to the relevant Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307), if redeemed during the 12-month period commencing on April 15 12 of the years set forth below: 2009 104.000 2015 111.1563 % 2010 102.667 2016 107.4375 % 2011 101.333 2017 103.7188 % 2012 2018 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 1512, 20072015, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional NotesNotes and, for the avoidance of doubt, all increases in the principal amount of the Notes as a result of all PIK Payments), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000114.875%, plus accrued and unpaid interestinterest (including, for the avoidance of doubt, accrued and unpaid PIK Interest), if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 6550% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding immediately after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 1512, 20092015, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interestinterest (including, for the avoidance of doubt, accrued and unpaid PIK Interest), if any, to, to the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Hd Supply, Inc.)

Right of Redemption. (a) The Notes will be are redeemable, at the Company’s option, in whole or in part, and at any time or from time to time time, on and or after April 15October 1, 2009 2019 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made maturity, upon not less than 30 nor more than 60 days’ prior written notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice maylast address, as it appears in the Company’s discretionSecurity Register, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices Redemption Prices (expressed as a percentage in percentages of principal amount), plus accrued and unpaid interest, if any, interest to the relevant Redemption Date (subject to Section 307the right of Holders of record on the relevant Regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date), if redeemed during the 12-month period commencing on April 15 October 1 of the years set forth below: 2009 104.000 2019 102.750 % 2010 102.667 2020 101.833 % 2011 101.333 2021 100.917 % 2012 2022 and thereafter 100.000 % (b) In addition, at At any time and from time to time on or prior to April 15October 1, 20072017, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including with the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate net cash proceeds of one or more Equity Offerings, sales of our common stock at a redemption price Redemption Price (expressed as a percentage of principal amount thereofamount) of 108.000105.500%, plus accrued interest to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date); provided that (A) at least 65% of the aggregate principal amount of the Notes originally issued on the Closing Date remains outstanding after each such redemption and (B) notice of any such redemption is mailed or sent within 90 days of each such sale of common stock. (c) At any time or from time to time prior to October 1, 2019, the Company may redeem all or a portion of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed to each holder or otherwise sent in accordance with the procedures of the Depositary, at a Redemption Price equal to 100% of the aggregate principal amount of the Notes plus the Applicable Premium, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); providedto, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, toexcluding, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail the right of Holders of record on the relevant Regular Record Date that is prior to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect Date to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Controlreceive interest due on an Interest Payment Date).

Appears in 1 contract

Samples: Indenture (Steel Dynamics Inc)

Right of Redemption. (a) The Notes will not be redeemable, redeemable at the Company’s option, in whole or in part, and from any time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price except as set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April December 15, 20092020, the Notes also may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the option of the Company’s option, at a price (the “Redemption Price”) Price equal to 100% of the principal amount thereof plus the Applicable Premium as ofof the Redemption Date, plus accrued and accrued but unpaid interest, if any, to, to but not including the Redemption Date (subject to Section 307the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). Such redemption or purchase may be made upon notice mailed by first-class mail being delivered to each Holder’s registered address (in accordance with Section 1005. The Company the case of Global Notes, it being understood that the Depositary may provide in also send such notice that payment electronically to the beneficial holders), not less than 15 nor more than 60 days prior to the Redemption Date. On or after December 15, 2020, the Notes may be redeemed in whole or in part, at the option of the Company at the Redemption Price (expressed as a percentage of principal amount) set forth below, plus accrued and performance of unpaid interest to, but not including, the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be applicable Redemption Date (subject to the satisfaction right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period commencing on December 15 of the years indicated below: 2020 103.656 % 2021 102.438 % 2022 101.219 % 2023 and thereafter 100.000 % In addition, at any time prior to December 15, 2020, the Company may redeem up to 40% of the aggregate principal amount of the Notes (including any Additional Notes) with the Net Cash Proceeds of one or more conditions precedentsales of common stock of the Company at any time as a whole or from time to time in part, including at a Redemption Price (expressed as a percentage of principal amount) of 104.875%, plus accrued and unpaid interest thereon, if any, to the occurrence Redemption Date; provided that (i) at least 60% of a Change the aggregate principal amount of ControlNotes originally issued on the Closing Date remains outstanding after each such redemption and (ii) notice of any such redemption is delivered within 60 days after each such sale of common stock.

Appears in 1 contract

Samples: Indenture (Sothebys)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15October 1, 2009 2014 and prior to maturity at the applicable redemption price prices set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 October 1 of the years set forth below: 2009 104.000 2014 103.938 % 2010 102.667 2015 101.969 % 2011 101.333 % 2012 2016 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15October 1, 20072013, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 107.875% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15October 1, 20092014, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005address, not less than 30 nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15September 1, 2009 2011 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307), if redeemed during the 12-month period commencing on April 15 September 1 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 106.000% 2012 103.000% 2013 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April 15September 1, 20072010, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000112.0%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15September 1, 20092011, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (HSI IP, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 2008 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2008 103.438 % 2009 104.000 101.719 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000106.875%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, 2008 Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.be

Appears in 1 contract

Samples: Indenture (VWR International, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 15June 1, 2009 2017 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 June 1 of each of the years set forth below: 2009 104.000 2017 103.844 % 2010 102.667 2018 102.563 % 2011 101.333 2019 101.281 % 2012 2020 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15June 1, 20072017, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%105.125% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15June 1, 20092017, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will may be redeemableredeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, in whole or in partprior to August 15, 2022 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and from time accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date”) (subject to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth belowSection 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price Redemption Price and the performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption and redemption, purchase or notice may, in at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %. (b) In addition, at any time and from time to time on or prior to April November 15, 20072017, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 104.875% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At In addition, at any time prior and from time to April time on or after August 15, 20092022, Notes the Company, at its option, may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at part redeem the Company’s option, at a price Notes (the “Redemption Price”including any Additional Notes) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment , at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, to, the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of ControlDate.

Appears in 1 contract

Samples: First Supplemental Indenture (Graphic Packaging Holding Co)

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Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, prior to August 1, 2029 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of ControlControl or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to November 15, 2024, the Company, at its option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an aggregate amount not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a Redemption Price (expressed as a percentage of principal amount thereof) of 103.750% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the aggregate principal amount of the Notes (including any Additional Notes issued after the Issue Date) must remain Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) In addition, at any time and from time to time on or after August 1, 2029, the Company, at its option, may in whole or in part, redeem the Notes (including any Additional Notes) upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005, at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, to, the Redemption Date.

Appears in 1 contract

Samples: Seventh Supplemental Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15June 30, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 June 30 of the years set forth below: 2009 104.000 2014 106.375 % 2010 102.667 2015 104.250 % 2011 101.333 2016 102.125 % 2012 2017 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15June 30, 20072014, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.500%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 6550% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding immediately after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15June 30, 20092014, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, to the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Great North Imports, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15March 1, 2009 2027 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail or electronically delivered (or otherwise transmitted in accordance with The Depository Trust Company’s (“DTC”) procedures) to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control4.5. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 3073.9), if redeemed during the 12-month period commencing on April 15 March 1 of the years set forth below: 2009 104.000 2027 103.375 % 2010 102.667 2028 101.688 % 2011 101.333 % 2012 2029 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15March 1, 20072027, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 3540% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000106.750%, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 3073.9); provided, however, that if the Notes are redeemed, an aggregate principal amount of the Notes equal to at least 6550% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail or electronically delivered (or otherwise transmitted in accordance with DTC’s procedures) to each Holder’s registered address in accordance with Section 1005 4.5 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15March 1, 20092027, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 3073.9). Such redemption or purchase may be made upon notice mailed by first-class mail or electronically delivered (or otherwise transmitted in accordance with DTC’s procedures) to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control4.5.

Appears in 1 contract

Samples: Fifth Supplemental Indenture (Sally Beauty Holdings, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 151, 2009 2018 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 1 of each of the years set forth below: 2009 104.000 2018 102.750% 2010 102.667 2019 101.833% 2011 101.333 2020 100.917% 2012 2021 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April 151, 20072016, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%105.5% for the Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 151, 20092018, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15June 1, 2009 2017 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 3073.9), if redeemed during the 12-month period commencing on April 15 June 1 of the years set forth below: 2009 104.000 2017 102.875 % 2010 102.667 2018 101.917 % 2011 101.333 2019 100.958 % 2012 2020 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15June 1, 20072015, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000105.750%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 3073.9); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 4.5 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15June 1, 20092017, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 3073.9). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Supplemental Indenture (Sally Investment Holdings LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 1530, 2009 2022 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 30 of the years set forth below: 2009 104.000 Redemption Period Price 2022 104.375% 2010 102.667 2023 102.188% 2011 101.333 % 2012 2024 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April 1530, 20072022, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.750%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 1530, 20092022, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Sally Beauty Holdings, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 15May 1, 2009 2011 and prior to maturity at the applicable redemption price prices set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 May 1 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 105.000 % 2012 102.500 % 2013 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15May 1, 20072010, the Company Company, at its option option, may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000110.000%, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 6550% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of the Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15May 1, 20092011, such Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Adesa California, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2015 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 2015 103.438 % 2010 102.667 2016 101.719 % 2011 101.333 % 2012 2017 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072014, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000106.875%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092015, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Sally Beauty Holdings, Inc.)

Right of Redemption. (a) The 8.25% Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April October 15, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April October 15 of each of the years set forth below: 2009 104.000 2014 104.125% 2010 102.667 2015 102.063% 2011 101.333 % 2012 2016 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April October 15, 20072013, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the 8.25% Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%108.250% for the 8.25% Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if 8.25% Notes are redeemed, an aggregate principal amount of 8.25% Notes equal to at least 65% of the original aggregate principal amount of 8.25% Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of 8.25% Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April October 15, 20092014, the 8.25% Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will may be redeemableredeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, in whole or in partprior to September 1, 2028 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and from time accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date”) (subject to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth belowSection 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price Redemption Price and the performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption and redemption, purchase or notice may, in at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %Control or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to April 15September 1, 20072023, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 103.500% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Fifth Supplemental Indenture (Graphic Packaging International, LLC)

Right of Redemption. (a) The Notes of any series will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15, 2009 2015 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 2015 103.375 % 2010 102.667 2016 101.688 % 2011 101.333 % 2012 2017 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 20072014, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000106.75%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding immediately after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15, 20092015, Notes of any series may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Hertz Global Holdings Inc)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April July 15, 20092021, Notes the Issuer may also be redeemed redeem all or purchased (by a part of the Company or any other Person) Notes, upon notice as set forth in whole or in part, at the Company’s optionSection 1105, at a price (the “Redemption Price”) Price equal to 100% of the principal amount thereof of Notes redeemed plus the Applicable Premium as of, and accrued but and unpaid interest, if any, to, but excluding, the date of redemption (the “Redemption Date”), subject to the rights of Holders of record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date. On and after July 15, 2021, the Issuer may redeem the Notes, in whole or in part, upon notice as set forth in Section 1105, at the Redemption Date Prices (expressed as percentages of principal amount of Notes to be redeemed) set forth below, plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable Redemption Date, subject to Section 307). Such redemption or purchase may be made upon notice mailed by firstthe right of Holders of record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-class mail to month period beginning on July 15 of each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price years indicated below: 2021 102.688 % 2022 101.344 % 2023 and performance of thereafter 100.000 % In addition, until July 15, 2021, the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice Issuer may, at its option, upon notice as set forth in Section 1105, on one or more occasions redeem up to 40% of the Company’s discretionaggregate principal amount of Notes issued under this Indenture at a Redemption Price equal to 105.375% of the aggregate principal amount thereof, be plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable Redemption Date, subject to the satisfaction right of Holders of record of Notes on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more conditions precedent, Equity Offerings to the extent such net cash proceeds are received or contributed to the Issuer; provided that at least 50% of the sum of the aggregate principal amount of Notes originally issued under this Indenture (including any Additional Notes issued under this Indenture after the Issue Date) remains outstanding immediately after the occurrence of a Change each such redemption; provided, further, that each such redemption occurs within 120 days of Controlthe date of closing of each such Equity Offering.

Appears in 1 contract

Samples: Indenture (BWX Technologies, Inc.)

Right of Redemption. (a) The Notes will be are redeemable, at the Company’s option, in whole or in part, and at any time or from time to time time, on and or after April December 15, 2009 2021 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made maturity, upon not less than 30 nor more than 60 days’ prior written notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice maylast address, as it appears in the Company’s discretionSecurity Register, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices Redemption Prices (expressed as a percentage in percentages of principal amount), plus accrued and unpaid interest, if any, interest to the relevant Redemption Date (subject to Section 307the right of Holders of record on the relevant Regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date), if redeemed during the 12-month period commencing on April December 15 of the years set forth below: 2009 104.000 2021 102.500 % 2010 102.667 2022 101.667 % 2011 101.333 2023 100.833 % 2012 2024 and thereafter 100.000 % (b) In addition, at At any time and from time to time on or prior to April December 15, 20072019, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including with the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate net cash proceeds of one or more Equity Offerings, sales of our common stock at a redemption price Redemption Price (expressed as a percentage of principal amount thereofamount) of 108.000105.000%, plus accrued interest to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date that is prior to the Redemption Date to receive interest due on an Interest Payment Date); provided that (A) at least 65% of the aggregate principal amount of the Notes originally issued on the Closing Date remains outstanding after each such redemption and (B) notice of any such redemption is mailed or sent within 90 days of each such sale of common stock. (c) At any time or from time to time prior to December 15, 2021, the Company may redeem all or a portion of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed to each holder or otherwise sent in accordance with the procedures of the Depositary, at a Redemption Price equal to 100% of the aggregate principal amount of the Notes plus the Applicable Premium, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); providedto, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, toexcluding, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail the right of Holders of record on the relevant Regular Record Date that is prior to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect Date to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Controlreceive interest due on an Interest Payment Date).

Appears in 1 contract

Samples: Indenture (Steel Dynamics Inc)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April November 15, 2009 2014 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307), if redeemed during the 12-month period commencing on April November 15 of the years set forth below: 2009 104.000 2014 104.125 % 2010 102.667 2015 102.063 % 2011 101.333 2016 101.031 % 2012 2017 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April November 15, 20072012, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000108.25%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding immediately after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April November 15, 20092014, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date pursuant to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Johnsondiversey Holdings Inc)

Right of Redemption. (a) The Notes will may be redeemableredeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, in whole or in part, and from time prior to time on and after April 15, 2009 2027 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and prior accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date”) (subject to maturity at the applicable redemption price set forth belowSection 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price Redemption Price and the performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption and redemption, purchase or notice may, in at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %Control or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to April 15, 20072022, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 104.750% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Third Supplemental Indenture (Graphic Packaging International, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April August 15, 2009 2007 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April August 15 of the years set forth below: 2007 104.250 % 2008 102.125 % 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April August 15, 20072006, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 108.500% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April August 15, 20092007, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005address, not less than 30 nor more than 60 days prior to the Redemption Date. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Graphic Packaging Corp)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April May 15, 2009 2015 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April May 15 of each of the years set forth below: 2009 104.000 2015 102.438% 2010 102.667 2016 101.219% 2011 101.333 % 2012 2017 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April May 15, 20072015, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%104.875% for the Notes, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April May 15, 20092015, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will may be redeemableredeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, in whole or in partprior to September 15, 2027 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and from time accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date”) (subject to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth belowSection 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price Redemption Price and the performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption and redemption, purchase or notice may, in at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 %Control or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to April September 15, 20072023, the Company Company, at its option option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a redemption price Redemption Price (expressed as a percentage of principal amount thereof) of 108.000%, 103.500% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes) must remain outstanding Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Graphic Packaging International, LLC)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, and from time to time on and after April 15, 2009 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years set forth below: 2009 104.000 % 2010 102.667 % 2011 101.333 % 2012 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15, 2007, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) At any time prior to April 15, 2009, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, prior to August 1, 2028 at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the date of redemption or purchase (the “Redemption Date Date”) (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including including, but not limited to, the completion of an Equity Offering, the occurrence of a Change of ControlControl or another corporate or finance transaction. (b) In addition, at any time and from time to time on or prior to November 15, 2024, the Company, at its option, may redeem the Notes in an aggregate principal amount equal to up to 35% of the aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an aggregate amount not exceeding the aggregate cash proceeds of one or more Equity Offerings, at a Redemption Price (expressed as a percentage of principal amount thereof) of 102.625% plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 307); provided, however, that an aggregate principal amount of the Notes equal to at least 65% of the aggregate principal amount of the Notes (including any Additional Notes issued after the Issue Date) must remain Outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including the completion of the related Equity Offering. (c) In addition, at any time and from time to time on or after August 1, 2028, the Company, at its option, may in whole or in part redeem the Notes (including any Additional Notes) upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005, at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, to, the Redemption Date.

Appears in 1 contract

Samples: Eighth Supplemental Indenture (Graphic Packaging Holding Co)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and or after April 15June 1, 2009 2015 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to to, but not including, the relevant Redemption Date (subject to Section 307), if redeemed during the 12-month period commencing on April 15 of the years periods set forth below: 2009 104.000 June 1, 2015-May 31, 2016 102.000% 2010 102.667 June 1, 2016- November 30, 2016 101.000% 2011 101.333 % 2012 December 1, 2016 and thereafter 100.000 100.000% (b) In addition, at any time and from time to time on or prior to April 15June 1, 20072015, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000%100.0% of the principal amount of the Notes so redeemed, plus a premium equal to the interest rate per annum on the Notes in effect on the date that notice of redemption is given, plus accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to Section 307); provided, however, that if Notes are redeemed, an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemptionredemption of Notes. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15June 1, 20092015, the Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, but not including, the Redemption Date (subject to Section 307). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Right of Redemption. (a) The Notes will be redeemable, at the Company’s option, in whole or in part, at any time and from time to time on and after April 15November 1, 2009 2018 and prior to maturity at the applicable redemption price set forth below. Such redemption may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the redemption price and the performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such redemption and notice may, in the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the relevant Redemption Date (subject to Section 3073.9), if redeemed during the 12-month period commencing on April 15 November 1 of the years set forth below: 2009 104.000 2018 102.750 % 2010 102.667 2019 101.833 % 2011 101.333 2020 100.917 % 2012 2021 and thereafter 100.000 % (b) In addition, at any time and from time to time on or prior to April 15November 1, 20072016, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 35% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Notes), with funds in an equal aggregate amount (the “Redemption Amount”) not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 108.000105.500%, plus accrued and unpaid interest, if any, to the Redemption Date (subject to Section 3073.9); provided, however, that an aggregate principal amount of Notes equal to at least 65% of the original aggregate principal amount of Notes (including the principal amount of any Additional Notes) must remain outstanding after each such redemption. The Company may make such redemption upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 1005 4.5 (but in no event more than 180 days after the completion of the related Equity Offering). The Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person. Any such notice may be given prior to the completion of the related Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the completion of the related Equity Offering. (c) At any time prior to April 15November 1, 20092018, Notes may also be redeemed or purchased (by the Company or any other Person) in whole or in part, at the Company’s option, at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued but unpaid interest, if any, to, the Redemption Date (subject to Section 3073.9). Such redemption or purchase may be made upon notice mailed by first-class mail to each Holder’s registered address in accordance with Section 10054.5. The Company may provide in such notice that payment of the Redemption Price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such redemption, purchase or notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, including but not limited to the occurrence of a Change of Control.

Appears in 1 contract

Samples: Second Supplemental Indenture (Sally Beauty Holdings, Inc.)

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