Common use of Special Event Redemption Clause in Contracts

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 17 contracts

Samples: Junior Subordinated Indenture (Paragon Commercial CORP), Junior Subordinated Indenture (People's United Financial, Inc.), Junior Subordinated Indenture (Republic Bancorp Inc /Ky/)

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Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve Board with respect to such redemption if then required.

Appears in 14 contracts

Samples: Junior Subordinated Indenture (Hudson United Bancorp), Junior Subordinated Indenture (Pacific Crest Capital Inc), Junior Subordinated Indenture (Pacific Crest Capital Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 13 contracts

Samples: Junior Subordinated Indenture (Entegra Financial Corp.), Junior Subordinated Indenture (Macon Financial Corp.), Junior Subordinated Indenture (State National Bancshares, Inc.)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 11 contracts

Samples: Junior Subordinated Indenture (Georgia Bancshares Inc//), Junior Subordinated Indenture (First Litchfield Financial Corp), Junior Subordinated Indenture (Community Shores Bank Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereofRedemption Price specified in Section 11.1 above, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 9 contracts

Samples: Junior Subordinated Indenture (Huntington Bancshares Inc/Md), Junior Subordinated Indenture (Iberiabank Corp), Junior Subordinated Indenture (Texas Capital Bancshares Inc/Tx)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereofRedemption Price specified in Section 11.1 above, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 5 contracts

Samples: Indenture (Stifel Financial Corp), Junior Subordinated Indenture (Blue Valley Ban Corp), Junior Subordinated Indenture (Mercantile Bank Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 3 contracts

Samples: Junior Subordinated Indenture (Coastal Bancorp Inc), Junior Subordinated Indenture (Matrix Bancorp Inc), Junior Subordinated Indenture (Hawthorne Financial Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Increased Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Temecula Valley Bancorp Inc), Junior Subordinated Indenture (Temecula Valley Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Matrix Bancorp Inc), Junior Subordinated Indenture (Blue River Bancshares Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred (100%) percent % of the principal amount thereofhereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Bnccorp Inc), Junior Subordinated Indenture (Vib Corp)

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Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; providedPROVIDED, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Bankatlantic Bancorp Inc), Junior Subordinated Indenture (Bankatlantic Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not or in partpart from time to time, at a redemption price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Centennial Bank Holdings, Inc.), Trust Agreement (Centennial Bank Holdings, Inc.)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, Redemption Price specified in Section 11.1 above together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Columbia Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred and three percent (103%), if such Redemption Date is prior to June 30, 2009, and one hundred percent (100%) percent ), if such Redemption Date is on or after June 30, 2009, of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Ameris Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Commercial Capital Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special EventEvent and provided that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent a percentage of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Increased Interest, to but excluding the date fixed for redemption as follows (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.):

Appears in 1 contract

Samples: Junior Subordinated Indenture (First Chester County Corp)

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