Common use of Rights of Redemption Clause in Contracts

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1, 2016, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

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Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November August 1, 20162019. The Securities will be subject to redemption at any time on or after November August 1, 20162019, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November August 1 of the years indicated below: 2016 104.781 2019 102.813 % 2017 103.188 2020 101.875 % 2018 101.594 2021 100.938 % 2019 2022 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November August 1, 20162017, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375105.625% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November August 1, 20162019, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101In addition to the provisions of Sections 4.13 and 10.1 hereof, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November January 1, 20162008, at the Company’s optionoption of the Issuer, in whole or in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof subject to the conditions, and at the following Redemption Prices (expressed Prices, specified in the form of Security attached hereto as percentages of the principal amount)Exhibit A, if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to to, but not including, the Redemption Date (subject to the right rights of the Holders of record on relevant record dates Record Dates to receive interest due on an Interest Payment Date). (b) At In addition, at any time on or prior to November January 1, 20162008, the Company Issuer, at its option, may use the net cash proceeds of one or more Equity Offerings in a single transaction or a series of related transactions to redeem up to an aggregate of 35% of the aggregate principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent (including Additional Securities) at 106.375a Redemption Price equal to 100.0% of the aggregate principal amountamount thereof, together with plus a premium equal to the interest rate per year that is then applicable to the Securities on the date on which notice of redemption is given, plus accrued and unpaid interestinterest thereon, if any, to to, but not including, the Redemption Date (subject to the right rights of Holders of record on relevant record dates Record Dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the aggregate principal amount of Securities issued under this Indenture (including Additional Securities) remains outstanding immediately after each the occurrence of such redemption; and (2) provided further that any such redemption may not occur in connection with a Change of Control. In order to effect the foregoing redemption, the Issuer must consummate such redemption occurs within 90 days after of the closing of such the Equity Offering. (c) At any time prior to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Centennial Communications Corp /De)

Rights of Redemption. (a) Except as described in this Section 1101The Securities shall not be redeemable at the option of the Company prior to December 1, 2000. On or after that date, the Securities are not shall be redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the option of the Company’s option, in whole or in partpart from time to time, on not less than 15 thirty (30) nor more than 60 sixty (60) days' prior notice notice, mailed by first-class mail to the Holders' registered addresses, in amounts of $2,000 or an integral multiple of $1,000 in excess thereof cash, at the following Redemption Prices redemption prices (expressed as percentages of the principal amount), if redeemed during in the twelve12-month period beginning November commencing December 1 of in the years year indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % , in each case together with plus accrued and unpaid interest, if any, interest to the date fixed for redemption: Year Redemption Date (---- ---------- 2000 105.0000% 2001 102.5000% 2002 and thereafter 100.0000% The Securities will not be subject to, or entitled to the right of benefits of, any sinking fund. Notwithstanding the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At foregoing, at any time on or prior to November December 1, 20161999, the Company Company, at its option, may redeem up to 35$25,000,000 aggregate principal amount of the Securities from the net proceeds of one or more Public Equity Offerings by the Company, at a redemption price of 110% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amountthereof, together with plus accrued and unpaid interest, if any, interest to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date)date fixed for redemption; provided that (1) at least 65% of the $75,000,000 in aggregate principal amount of the Securities issued under this Indenture remains must remain outstanding after each such redemption; and (2) . In order to effect the foregoing redemption, the Company shall be required to send the redemption occurs within 90 notice not later than sixty (60) days after the closing receipt of the proceeds of such Equity Offering. (c) At any time prior public offering. Securities may be redeemed or repurchased as set forth in Sections 1009, 1014 and 1109 hereof. Any redemption pursuant to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, this Section 1101 shall be made pursuant to the Redemption Date (subject to the right provisions of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date)Sections 1102 through 1108 hereof.

Appears in 1 contract

Samples: Indenture (Styrochem International LTD)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1October 15, 20162014. The Securities will be subject to redemption at any time on or after November 1October 15, 20162014, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 October 15 of the years indicated below: 2014 104.188 % 2015 102.094 % 2016 104.781 100.000 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 at 100% of the principal amount, in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1October 15, 20162013, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375108.375% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1October 15, 20162014, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101The Securities shall not be redeemable at the option of the Company prior to December 1, 2000. On or after that date, the Securities are not shall be redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the option of the Company’s option, in whole or in partpart from time to time, on not less than 15 thirty (30) nor more than 60 sixty (60) days' prior notice notice, mailed by first-class mail to the Holders' registered addresses, in amounts of $2,000 or an integral multiple of $1,000 in excess thereof cash, at the following Redemption Prices redemption prices (expressed as percentages of the principal amount), if redeemed during in the twelve12-month period beginning November commencing December 1 of in the years year indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % , in each case together with plus accrued and unpaid interest, if any, interest to the date fixed for redemption: Year Redemption Date (---- ---------- 2000 105.0000% 2001 102.5000% 2002 and thereafter 100.0000% The Securities will not be subject to, or entitled to the right of benefits of, any sinking fund. Notwithstanding the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At foregoing, at any time on or prior to November December 1, 20161999, the Company Company, at its option, may redeem up to 35$21,000,000 aggregate principal amount of the Securities from the net proceeds of one or more Public Equity Offerings by the Company, at a redemption price of 110% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amountthereof, together with plus accrued and unpaid interest, if any, interest to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date)date fixed for redemption; provided that (1) at least 65% of the $39,000,000 in aggregate principal amount of the Securities issued under this Indenture remains must remain outstanding after each such redemption; and (2) . In order to effect the foregoing redemption, the Company shall be required to send the redemption occurs within 90 notice not later than sixty (60) days after the closing receipt of the proceeds of such Equity Offering. (c) At any time prior public offering. Securities may be redeemed or repurchased as set forth in Sections 1009, 1014 and 1109 hereof. Any redemption pursuant to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, this Section 1101 shall be made pursuant to the Redemption Date (subject to the right provisions of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date)Sections 1102 through 1108 hereof.

Appears in 1 contract

Samples: Indenture (Styrochem International Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the The Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November June 1, 20162001, at the option of the Company’s option, in whole or in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right conditions, and at the Redemption Prices, specified in the form of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1, 2016, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amountSecurity, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates Regular Record Dates and Special Record Dates to receive interest due on an relevant Interest Payment DateDates and Special Payment Dates); provided that . (b) In addition, at any time prior to June 1) , 2000, the Company may, at least 65its option, use the net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 33 1/3% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 110.125% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date; provided that at least $65,000,000 aggregate principal amount of Securities issued under this Indenture remains outstanding immediately after each the occurrence of such redemption; and (2) . In order to effect the foregoing redemption, the Company must mail a notice of redemption occurs within 90 no later than 60 days after the closing of the related Public Equity Offering and must consummate such redemption within 90 days of the closing of the Public Equity Offering. (c) At any time prior to November 1The Securities will be redeemable, 2016, upon not less than 15 nor more than 60 days’ prior notice, at the Company may redeem option of the SecuritiesCompany, in whole or in part, at any time within 180 days after a redemption price Change of Control upon not less than 30 nor more than 60 days' prior notice to each holder of Securities to be redeemed, at a Redemption Price equal to 100% the sum of (i) the then outstanding principal amount thereof plus the Applicable Premium plus (ii) accrued and unpaid interest, if any, to the Redemption Date plus (subject to iii) the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).Applicable Premium. 120

Appears in 1 contract

Samples: Indenture (Wells Aluminum Corp)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities Notes are not redeemable until November 115, 20162017. The Securities Notes will be subject to redemption at any time on or after November 115, 20162017, at the CompanyIssuer’s option, in whole or in part, on not less than 15 10 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 15 of the years indicated below: 2016 104.781 % Year Redemption Price 2017 103.188 104.406 % 2018 101.594 102.938 % 2019 101.469 % 2020 and thereafter 100.000 % in each case together with accrued and unpaid interestinterest and Additional Interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time and from time to time on or prior to November 115, 20162017, the Company Issuer may redeem up to 35% of the principal amount of Securities Notes issued under this Indenture with funds in an amount not exceeding the net proceeds of an one or more Equity Offering Offerings by the Issuer or any direct or indirect parent of the Company Issuer, to the extent such proceeds are contributed to the equity capital (other than Disqualified Equity Interests) of the Issuer or Parent used to purchase Equity Interests (other than Disqualified Equity Interests) of the Issuer from it, at 106.375105.875% of the aggregate principal amount, together with accrued and unpaid interestinterest and Additional Interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Dateinterest payment date); provided that that: (1) at least 65% of the $200,000,000 aggregate principal amount of Securities Notes (calculated after giving effect to any issuance of Additional Notes) issued under this Indenture remains outstanding after each such redemption; and redemption and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 115, 20162017, upon not less than 15 10 nor more than 60 days’ prior notice, the Company Issuer may redeem the SecuritiesNotes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interestinterest and Additional Interest, if any, to 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). (d) (i) Other than as set forth above in this Section 1101(d), the Issuer is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

Appears in 1 contract

Samples: Indenture (Media General Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1August 15, 20162021. The Securities will be subject to redemption at any time on or after November 1August 15, 20162021, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 August 15 of the years indicated below: 2016 104.781 2021 102.563% 2017 103.188 2022 101.708% 2018 101.594 2023 100.854% 2019 2024 and thereafter 100.000 100.000% in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1August 15, 20162019, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375105.125% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1August 15, 20162021, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1October 15, 20162017, the Company may on any one or more occasions redeem up to 35% of the aggregate principal amount of Securities Outstanding Notes issued under this Indenture with the net proceeds (including any Additional Notes) at a Redemption Price of an Equity Offering of the Company or Parent at 106.375105.875% of the aggregate their principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to the Redemption Date Date, with the net cash proceeds of one or more Equity Offerings; provided, that: (subject 1) at least 65% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its Subsidiaries); and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to October 15, 2019, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ prior notice at a Redemption Price equal to the right sum of Holders (i) 100% of record the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest, if any, to the Redemption Date. (c) Except as set forth in clauses (a) and (b) of this Section 11.01, the Company shall not have the option to redeem the Notes pursuant to this Section 11.01 prior to October 15, 2019. On or after October 15, 2019, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the relevant Record Date Notes redeemed, to receive interest due the applicable Redemption Date, if redeemed during the 12-month period beginning on October 15 of the relevant Interest Payment Date)years indicated below: 2019 102.938 % 2020 101.958 % 2021 100.979 % 2022 and thereafter 100.000 % (d) Any redemption pursuant to this Section 11.01 shall be made pursuant to the provisions of Sections 11.02 through 11.08 hereof.

Appears in 1 contract

Samples: Exhibit (Geo Group Inc)

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Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November April 1, 2016. The Securities will be subject to redemption at any time on or after November April 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November April 1 of the years indicated below: 2016 104.781 104.031 % 2017 103.188 102.688 % 2018 101.594 101.344 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November April 1, 2016, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375105.375% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November April 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1, 2016, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1May 15, 2016, upon not less than 15 nor more than 60 days’ prior notice2019, the Company may on any one or more occasions redeem the Securities, in whole or in part, at a redemption price equal up to 10040% of the aggregate principal amount thereof plus the Applicable Premium of Outstanding Notes issued under this Indenture (including any Additional Notes) at a Redemption Price of 105.500% of their principal amount, plus accrued and unpaid interest, if any, to the Redemption Date Date, with the net cash proceeds of one or more Equity Offerings; provided, that: (subject 1) at least 60% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its Subsidiaries); (2) the Company must mail a notice of redemption no later than 30 days after the closing of such Equity Offering; and (3) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to May 15, 2021, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ prior notice at a Redemption Price equal to the right sum of Holders (i) 100% of record the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest, if any, on the relevant Record Date Notes redeemed, to receive interest due the Redemption Date. (c) Except as set forth in clauses (a) and (b) of this Section 11.8, the Company shall not have the option to redeem the Notes pursuant to this Section 11.8 prior to May 15, 2021. On or after May 15, 2021, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ prior notice, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the relevant Interest Payment Notes redeemed, to the applicable Redemption Date), if redeemed during the 12-month period beginning on May 15 of the years indicated below: 2021. 102.750 % 2022. 101.833 % 2023. 100.917 % 2024 and thereafter 100.000 % (d) Any redemption pursuant to this Section 11.8 shall be made pursuant to the provisions of Sections 11.1 through 11.7 hereof.

Appears in 1 contract

Samples: Third Supplemental Indenture (Penske Automotive Group, Inc.)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November October 1, 20162017. The Securities will be subject to redemption at any time on or after November October 1, 20162017, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November October 1 of the years indicated below: 2016 104.781 % 2017 103.188 103.063 % 2018 101.594 102.042 % 2019 101.021 % 2020 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November October 1, 20162015, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375106.125% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November October 1, 20162017, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to 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).

Appears in 1 contract

Samples: Indenture (Sinclair Broadcast Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November December 1, 20162017, the Company may on any one or more occasions redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.37540% of the aggregate principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities Outstanding Notes issued under this Indenture remains outstanding after each such redemption; and (2including any Additional Notes) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100Redemption Price of 105.375% of the their principal amount thereof plus the Applicable Premium amount, plus accrued and unpaid interest, if any, to the Redemption Date Date, with the net cash proceeds of one or more Equity Offerings; provided, that: (subject 1) at least 60% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its Subsidiaries); and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to December 1, 2019, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ prior notice at a Redemption Price equal to the right sum of Holders (i) 100% of record the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest, if any, to the Redemption Date. (c) Except as set forth in clauses (a) and (b) of this Section 11.8, the Company shall not have the option to redeem the Notes pursuant to this Section 11.8 prior to December 1, 2019. On or after December 1, 2019, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the relevant Record Date Notes redeemed, to receive interest due the applicable Redemption Date, if redeemed during the 12-month period beginning on December 1 of the relevant Interest Payment Date)years indicated below: 2019. 102.688 % 2020. 101.792 % 2021. 100.896 % 2022 and thereafter 100.000 % (d) Any redemption pursuant to this Section 11.8 shall be made pursuant to the provisions of Sections 11.1 through 11.7 hereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Penske Automotive Group, Inc.)

Rights of Redemption. (a) Except as described in this Section 1101, the Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November 1, 2016, at the Company’s option, in whole in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1April 15, 20162019, the Company may on any one or more occasions redeem up to 35% of the aggregate principal amount of Securities Outstanding Notes issued under this Indenture with the net proceeds (including any Additional Notes) at a Redemption Price of an Equity Offering of the Company or Parent at 106.375106.000% of the aggregate their principal amount, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) at least 65% of the principal amount of Securities issued under this Indenture remains outstanding after each such redemption; and (2) the redemption occurs within 90 days after the closing of such Equity Offering. (c) At any time prior to November 1, 2016, upon not less than 15 nor more than 60 days’ prior notice, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to the Redemption Date Date, with the net cash proceeds of one or more Equity Offerings; provided, that: (subject 1) at least 65% of the aggregate principal amount of Notes issued under this Indenture (including any Additional Notes) remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its Subsidiaries); and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to April 15, 2021, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ prior notice at a Redemption Price equal to the right sum of Holders (i) 100% of record the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest, if any, to the Redemption Date. (c) Except as set forth in clauses (a) and (b) of this Section 11.01, the Company shall not have the option to redeem the Notes pursuant to this Section 11.01 prior to April 15, 2021. On or after April 15, 2021, the Company may, at its option, redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the relevant Record Date Notes redeemed, to receive interest due the applicable Redemption Date, if redeemed during the 12-month period beginning on April 15 of the relevant Interest Payment Date)years indicated below: 2021 103.000 % 2022 102.000 % 2023 101.000 % 2024 and thereafter 100.000 % (d) Any redemption pursuant to this Section 11.01 shall be made pursuant to the provisions of Sections 11.02 through 11.08 hereof.

Appears in 1 contract

Samples: Execution Version (Geo Group Inc)

Rights of Redemption. (a) Except as described in this Section 1101, the The Securities are not redeemable until November 1, 2016. The Securities will be subject to redemption at any time on or after November June 1, 20162007, at the option of the Company’s option, in whole or in part, on not less than 15 nor more than 60 days’ prior notice in amounts of $2,000 or an integral multiple of $1,000 in excess thereof at the following Redemption Prices (expressed as percentages of the principal amount), if redeemed during the twelve-month period beginning November 1 of the years indicated below: 2016 104.781 % 2017 103.188 % 2018 101.594 % 2019 and thereafter 100.000 % in each case together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right conditions, and at the Redemption Prices specified in the form of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date). (b) At any time on or prior to November 1, 2016, the Company may redeem up to 35% of the principal amount of Securities issued under this Indenture with the net proceeds of an Equity Offering of the Company or Parent at 106.375% of the aggregate principal amountSecurity, 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 prior to June 1, 2006, the Company, at its option, may use the net proceeds of one or more Equity Offerings to redeem up to an aggregate of 35% of the aggregate principal amount of Securities originally issued under this Indenture at a Redemption Price equal to 108.875% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date (subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment Date); provided that (1) this redemption provision shall not be applicable with respect to any transaction that results in a Change of Control; provided, further, that at least 65% of the initial aggregate principal amount of Securities issued under this Indenture remains must remain outstanding immediately after each the occurrence of such redemption; and (2) . In order to effect the foregoing redemption, the Company must mail a notice of redemption occurs within 90 no later than 60 days after the closing of the related Equity Offering and must complete such redemption within 90 days of the closing of the Equity Offering. (c) At In addition, at any time prior to November June 1, 2016, upon not less than 15 nor more than 60 days’ prior notice2007, the Company may redeem all or a portion of the Securities, Securities in whole amounts of $1,000 or in partan integral multiple thereof, at a redemption price equal to the greater of: (i) 100% of the aggregate principal amount thereof plus of the Applicable Premium plus Securities to be redeemed, together with accrued and unpaid interest, if any, to the date of redemption, and (ii) as determined by an Independent Investment Banker, the sum of the present values of 104.438% of the principal of the Securities being redeemed plus scheduled payments of interest (not including any portion of such payments of interest accrued as of the date of redemption) from the date of redemption to June 1, 2007 discounted to the Redemption Date on a semiannual basis (subject assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 50 basis points, together with accrued and unpaid interest, if any, to the right date of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date)redemption.

Appears in 1 contract

Samples: Indenture (Oxford Industries Inc)

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