Common use of Rights of Redemption Clause in Contracts

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 1, 2002, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, specified in the form of Security, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). (b) In addition, at any time on or prior to March 1, 2000, the Company may, at its option, use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 30% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.375% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided that at least $105,000,000 aggregate principal amount of Securities remains outstanding immediately after the occurrence of such redemption. In order to effect the foregoing redemption, the Company must mail a notice of redemption no later than 60 days after the related Public Equity Offering and must consummate such redemption within 90 days of the closing of the Public Equity Offering. 124

Appears in 1 contract

Samples: Indenture (Packard Bioscience Co)

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Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 1December 15, 2002, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, specified in the form of Security, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). (b) In addition, at At any time on or prior to March December 1, 2000, the Company may, at its option, use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 3035% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.375108.625% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Dateredemption date; provided that at least $105,000,000 81,250,000 aggregate principal amount of the Securities remains outstanding immediately after the occurrence of such redemption. In order to effect the foregoing redemption, the Company must mail a notice of redemption no later than 60 30 days after the closing of the related Public Equity Offering and must consummate such redemption within 90 60 days of the closing of the Public Equity Offering. 124.

Appears in 1 contract

Samples: Indenture (Mallard & Mallard of La Inc)

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March May 1, 20022003, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, specified in the form of Security, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). (b) In addition, at any time on or prior to March May 1, 20002002, the Company mayCompany, at its option, may use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 3035% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.375110.375% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided PROVIDED that at least $105,000,000 65% of the initial aggregate principal amount of Securities remains outstanding immediately after the occurrence of such redemption. In order to effect the foregoing redemption, the Company must mail a notice of redemption no later than 60 30 days after the closing of the related Public Equity Offering and must consummate such redemption within 90 60 days of the closing of the Public Equity Offering. 124.

Appears in 1 contract

Samples: Indenture (Fca of Ohio Inc)

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March August 1, 20022003, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, specified in the form of Security, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). (b) In addition, at any time on or prior to March August 1, 20002001, the Company may, at its option, use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 3035% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.375111% of the aggregate of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided that at least $105,000,000 65% of the initial aggregate principal amount of Securities remains outstanding immediately after the occurrence of such redemption. In order to effect the foregoing redemption, the Company must mail a notice of redemption no later than 60 30 days after the closing of the related Public Equity Offering and must consummate such redemption within 90 60 days of the closing of the Public Equity Offering. 124.

Appears in 1 contract

Samples: Exhibit (Sonic Automotive Inc)

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Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 1October 15, 2002, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, specified in the form of Security, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). (b) In addition, at any time on or prior to March 1October 15, 2000, the Company may, at its option, use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 3035% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.375109.875% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided that at least $105,000,000 146,250,000 aggregate principal amount of Securities remains outstanding immediately after the occurrence of such redemption. In order to effect the foregoing redemption, the Company must mail a notice of redemption no later than 60 days after the related Public Equity Offering and must consummate such redemption within 90 days of the closing of the Public Equity Offering. 124119

Appears in 1 contract

Samples: Indenture (Bally Total Fitness Holding Corp)

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