Common use of Rights of Redemption Clause in Contracts

Rights of Redemption. The Securities are subject to redemption at any time on or after March 15, 2007 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). In addition, at any time prior to March 15, 2005, the Company, at its option, may use the Net Cash Proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 35% of the aggregate principal amount of the Securities issued under the Indenture at a redemption price equal to 109.625% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of holders of record on relevant Regular Record Dates to receive interest due on an Interest Payment Date). At least 65% of the aggregate principal amount of Securities issued under the Indenture must remain outstanding immediately after the occurrence of such redemption. In order to effect this redemption, the Company must mail a notice of redemption no later than 30 days after the closing of the related Public Equity Offering and must complete such redemption within 60 days of the closing of the Public Equity Offering.

Appears in 4 contracts

Samples: Indenture (Uag Connecticut I LLC), Indenture (HBL LLC), Indenture (Atlantic Auto Funding Corp)

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Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 151, 2007 2008, 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 prior to March 151, 20052007, the Company, at its option, may use the Net Cash Proceeds net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 35% of the aggregate principal amount of the Securities originally issued under the this Indenture at a redemption price equal to 109.625107.500% of the aggregate principal amount of the Securities redeemedthereof, plus accrued and unpaid interestinterest thereon, if any, to the Redemption Date (subject to the rights of holders of record on relevant Regular Record Dates to receive interest due on an Interest Payment Date). At ; provided that at least 65% of the initial aggregate principal amount of Securities issued under the Indenture must remain remains outstanding immediately after the occurrence of such redemption. In order to effect this the foregoing redemption, the Company must mail a notice of redemption no later than 30 days after the closing of the related Public Equity Offering and must complete consummate such redemption within 60 days of the closing of the Public Equity Offering.

Appears in 1 contract

Samples: Indenture (Jo-Ann Stores Inc)

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 15August 1, 2007 2008, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, 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 prior to March 15August 1, 20052007, the Company, at its option, may use the Net Cash Proceeds net proceeds of one or more Public Equity Offerings to redeem on one or more occasions up to an aggregate of 35% of the aggregate principal amount of the Securities originally issued under the this Indenture at a redemption price Redemption Price equal to 109.625107.625% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of holders Holders of record on relevant Regular Record Dates record dates to receive interest due on an Interest Payment Date). At least 65% of the initial aggregate principal amount of Securities issued under the Indenture must remain outstanding immediately after the occurrence of such redemption. In order to effect this redemption, the Company must mail a notice of redemption no later than 30 days after the closing of the related Public Equity Offering and must complete such redemption within 60 90 days of the closing of the Public Equity Offering.. 128

Appears in 1 contract

Samples: Exhibit (Brooks Pharmacy, Inc.)

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March October 15, 2007 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). In addition, at . (b) At any time prior to March October 15, 20052000, the CompanyCompany may, at its option, may use the Net Cash Proceeds net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 35% of the aggregate principal amount of the Securities issued under the Indenture at a redemption price equal to 109.625% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of holders of record on relevant Regular Record Dates to receive interest due on an Interest Payment Date). At least 6530% of the aggregate principal amount of Securities originally issued under this Indenture at a redemption price equal to 109.25% of the Indenture must remain aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the redemption date; provided that at least $70 million of the principal amount of Securities remains outstanding immediately after the occurrence of such redemption. In order to effect this the foregoing redemption, the Company must mail a notice of redemption no later than 30 60 days after the closing of the related Public Equity Offering and must complete consummate such redemption within 60 90 days of the closing of the Public Equity Offering.

Appears in 1 contract

Samples: Exhibit (Tri R of Orlando Inc)

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Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 15December 1, 2007 2006 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 prior to March 15December 1, 20052004, the Company, at its option, may use the Net Cash Proceeds net proceeds of one or more Public Equity Offerings to redeem up to an aggregate of 35% of the aggregate principal amount of the Securities issued under this Indenture (including the Indenture principal amount of any Additional Securities) at a redemption price equal to 109.625108.875% of the aggregate principal amount of the Securities redeemedthereof, plus accrued and unpaid interestinterest thereon, if any, to the Redemption Date (subject to the rights right of holders Holders of record on relevant Regular Record Dates and Special Record Dates to receive interest due on an relevant Interest Payment DateDates and Special Payment Dates). At ; provided that at least 65% of the initial aggregate principal amount of Securities issued under (including the Indenture must remain principal amount of any Additional Securities) remains outstanding immediately after the occurrence of such redemption. In order to effect this the foregoing redemption, the Company must mail a notice of redemption no later than 30 days after the closing of the related Public Equity Offering and must complete consummate such redemption within 60 days of the closing of the Public Equity Offering.

Appears in 1 contract

Samples: Indenture (Ingles Markets Inc)

Rights of Redemption. (a) The Securities are subject to redemption at any time on or after March 15August 1, 2007 2009, at the option of the Company, in whole or in part, subject to the conditions, and at the Redemption Prices, 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 prior to March 15August 1, 20052007, the Company, at its option, may use the Net Cash Proceeds net proceeds of one or more Public Equity Offerings to redeem on one or more occasions up to an aggregate of 35% of the aggregate principal amount of the Securities originally issued under the this Indenture at a redemption price Redemption Price equal to 109.625108 1/2% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the rights of holders Holders of record on relevant Regular Record Dates record dates to receive interest due on an Interest Payment Date). At least 65% of the initial aggregate principal amount of Securities issued under the Indenture must remain outstanding immediately after the occurrence of such redemption. In order to effect this redemption, the Company must mail a notice of redemption no later than 30 days after the closing of the related Public Equity Offering and must complete such redemption within 60 90 days of the closing of the Public Equity Offering.

Appears in 1 contract

Samples: Exhibit (Brooks Pharmacy, Inc.)

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