Common use of Right to Redeem the Notes on Clause in Contracts

Right to Redeem the Notes on. or After April 7, 2025. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J)), the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time, and from time to time, on a Redemption Date on or after April 7, 2025 and on or before the fortieth (40th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Price on (x) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (y) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Centennial Resource Development, Inc.)

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Right to Redeem the Notes on. or After April 75, 20252027. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))4.03, the Company has the right, at its election, to redeem all, or any portion (subject to the Partial Redemption Limitation described in Section 4.03(C)) in an Authorized Denomination, of the Notes, at any time, and from time to time, on a Redemption Date on or after April 75, 2025 2027 and on or before the fortieth forth-fifth (40th45th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if (1) the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (x) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (y) the Trading Day immediately before such Redemption Notice DateDate and (2) the Liquidity Conditions have been satisfied. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Indenture (Stem, Inc.)

Right to Redeem the Notes on. or After April 7December 1, 20252022. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denominationbut not less than all, of the Notes, at any time, and from time to time, on a Redemption Date on or after April 7December 1, 2025 and on or before the fortieth (40th) Scheduled Trading Day immediately before the Maturity Date2022, for a cash purchase price equal to the Redemption Price, but only if (x) the Requisite Stockholder Approval has been obtained as of the related Redemption Notice Date; and (y) the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty fifty percent (130150%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bristow Group Inc)

Right to Redeem the Notes on. or After April 71, 20252024. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))16.02, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the NotesNotes in integral multiples of $1,000, at any time, time and from time to time, on a Redemption Date on or after April 71, 2025 2024 and on or before the fortieth thirtieth (40th30th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B2) of the definition thereof (c) [Reserved].

Appears in 1 contract

Samples: Indenture (TripAdvisor, Inc.)

Right to Redeem the Notes on. or After April 7March 1, 20252027. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time, time and from time to time, on a Redemption Date on or after April 7March 1, 2025 2027 and on or before the fortieth twentieth (40th20th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Indenture (Super Micro Computer, Inc.)

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Right to Redeem the Notes on. or After April 7March 1, 20252024. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time, time and from time to time, on a Redemption Date on or after April 7March 1, 2025 2024 and on or before the fortieth thirtieth (40th30th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Indenture (Halozyme Therapeutics, Inc.)

Right to Redeem the Notes on. or After April 7November 1, 20252023. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J))4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time, time and from time to time, on a Redemption Date on or after April 7November 1, 2025 2023 and on or before the fortieth (40th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Indenture (CNX Resources Corp)

Right to Redeem the Notes on. or After April 7December 2, 20252024. Subject to the terms of this Section 4.03 (including, for the avoidance of doubt, Section 4.03(J)), the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time, and from time to time, on a Redemption Date on or after April 7December 2, 2025 2024 and on or before the fortieth twenty fifth (40th25th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Exchange Conversion Price on (xi) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (yii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof.

Appears in 1 contract

Samples: Indenture (DigitalOcean Holdings, Inc.)

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