Common use of Special Mandatory Redemption Clause in Contracts

Special Mandatory Redemption. (a) If, for any reason, (1) the Acquisition has not been consummated on or prior to the Outside Date or (2) the Acquisition Agreement is terminated prior to the Outside Date, then the Company will redeem all of the Notes on the Special Mandatory Redemption Date at the Special Mandatory Redemption Price. (b) The Company will cause notice of a special mandatory redemption to be mailed or electronically delivered according to the procedure of the Depository Trust Company, with a copy to the Trustee, promptly after the occurrence of the event triggering redemption to each Holder of Notes in accordance with the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption Date. If funds sufficient to pay the Special Mandatory Redemption Price on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes will terminate. (c) For purposes of this Paragraph 8, the following definitions apply:

Appears in 1 contract

Samples: First Supplemental Indenture (Unit Corp)

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Special Mandatory Redemption. In the event a Special Mandatory Redemption Event occurs, the Trustee shall apply (aor cause a paying agent to apply) If, for any reason, (1) a portion of the Acquisition has not been consummated on or prior proceeds of Escrowed Property received by the Trustee pursuant to the Outside Escrow Agreement sufficient to redeem all Notes (the “Special Mandatory Redemption”) on the fourth Business Day following the Special Mandatory Redemption Event (the “Special Mandatory Redemption Date”) or as otherwise required by the applicable procedures of DTC, at a redemption price, as determined by the Issuer, equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest from the Issue Date or (2) the Acquisition Agreement is terminated prior most recent date to which interest has been paid or duly provided for on the Outside DateNotes, then as the Company will redeem all of the Notes on case may be, to, but excluding, the Special Mandatory Redemption Date at the Special Mandatory Redemption Price. (b) The Company will cause notice of a special mandatory redemption to be mailed or electronically delivered according subject to the procedure rights of the Depository Trust Company, with a copy to the Trustee, promptly after the occurrence of the event triggering redemption to each Holder Holders of Notes in accordance with on a record date to receive the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption Date. If funds sufficient to pay the Special Mandatory Redemption Price related interest payment on the Special Mandatory Redemption Date are deposited with related interest payment date). On the Trustee on or before such Special Mandatory Redemption Date, the Notes Trustee will cease pay to bear interest on and after CCOH Safari any Escrowed Property in excess of the amount necessary to effect the Special Mandatory Redemption Date andRedemption, other than as determined by the right Issuer. The Trustee shall have no obligation to receive the calculate any Special Mandatory Redemption Price, all rights under the Notes will terminateprice or any other redemption price. (c) For purposes of this Paragraph 8, the following definitions apply:

Appears in 1 contract

Samples: First Supplemental Indenture (Charter Communications, Inc. /Mo/)

Special Mandatory Redemption. (a) If, for any reason, (1) the Acquisition has not been consummated on or prior to the Outside Date or (2) the Acquisition Agreement is terminated prior to the Outside DateIf a Special Mandatory Redemption Event occurs, then the Company will Issuer shall redeem all the aggregate principal amount of the Notes outstanding on the Special Mandatory Redemption Date at the Special Mandatory Redemption PricePrice (subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). (b) The Company will Issuer shall cause a notice of a special mandatory redemption Special Mandatory Redemption to be mailed or electronically delivered according to the procedure Trustee and mailed, or delivered electronically if held by the Depository, to the holders of the Depository Trust Company, with a copy to Notes at their registered addresses no later than the Trustee, promptly after the occurrence of the event triggering redemption to each Holder of Notes in accordance with the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to Business Day following the Special Mandatory Redemption Date but in any event not less than 4 business days prior to Event, which shall provide for the redemption of the Notes on the Special Mandatory Redemption Date. If Upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or a paying agent on or before such Special Mandatory Redemption DateDate (including pursuant to Section 3(b) of the Escrow Agreement), the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes shall terminate. After payment of the Special Mandatory Redemption Price to the holders of the Notes, any excess Escrowed Property will terminatebe returned to the Issuer. (c) For purposes of this Paragraph 8, the following definitions apply:

Appears in 1 contract

Samples: Indenture (Dollar Tree Inc)

Special Mandatory Redemption. (a) If, for any reason, (1) the Acquisition has not been consummated on or prior to the Outside Date or (2) the Acquisition Agreement is terminated prior to the Outside DateIf a Special Mandatory Redemption Event occurs, then the Company Issuer will redeem all the aggregate principal amount of the Notes outstanding on the Special Mandatory Redemption Date at the Special Mandatory Redemption PricePrice (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). (b) The Company Issuer will cause a notice of a special mandatory redemption Special Mandatory Redemption to be mailed or electronically delivered according to the procedure Trustee and mailed, or delivered electronically if held by any depositary, to the Holders at their registered addresses no later than the Business Day following the Special Mandatory Redemption Event, which shall provide for the redemption of the Depository Trust Company, with a copy to the Trustee, promptly after the occurrence of the event triggering redemption to each Holder of Notes in accordance with the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to on the Special Mandatory Redemption Date but in any event not less than 4 business days prior to following the date of the applicable Special Mandatory Redemption DateEvent. If Upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee applicable paying agent on or before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes shall terminate (except the obligations of the Issuer and/or the Guarantors described under Section 4.05). After payment of the Special Mandatory Redemption Price to the Holders, any excess Escrow Funds will terminatebe returned to the Issuer. (c) For purposes of Any redemption pursuant to this Paragraph 8, Section 3.09 shall follow procedures set forth in Article 3 to the following definitions apply:extent not inconsistent herewith.

Appears in 1 contract

Samples: Indenture (Delphi Technologies PLC)

Special Mandatory Redemption. In the event that (a) If, for any reasonthe Escrow Release Date does not take place on or prior to the Escrow Outside Date, (1b) in the reasonable judgment of the Issuer, the Acquisition has will not been be consummated on or prior to the Escrow Outside Date or (2c) the Acquisition Transaction Agreement is terminated terminates at any time on or prior to the Escrow Outside Date (the date of any such event being the “Special Termination Date”), then the Company will Issuer shall redeem all of the Notes on (the “Special Mandatory Redemption”) at a price (the “Special Mandatory Redemption Price”) equal to 100.0% of the aggregate issue price of the Notes, plus accrued but unpaid interest, if any, from the Issue Date to, but excluding, the Special Mandatory Redemption Date at (as defined herein) (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). Notice of the Special Mandatory Redemption Price. (b) The Company will cause notice of a special mandatory redemption to shall be mailed or electronically delivered according to by the procedure of Issuer, no later than one Business Day following the Depository Trust CompanySpecial Termination Date, with a copy to the Trustee, promptly the applicable Paying Agent and the Escrow Agent, and shall provide that the Notes shall be redeemed on a date that is no later than the third Business Day after such notice is given by the occurrence of the event triggering redemption to each Holder of Notes Issuer in accordance with the Indenture; provided that notice to each Holder terms of Notes of such redemption may be given less than 30 days prior to the Special Mandatory Redemption Date but in any event not less than 4 business days prior to Escrow Agreement (the Special Mandatory Redemption Date”). If funds sufficient to pay On the Special Mandatory Redemption Price on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, the Notes will cease Issuer shall cause the Escrow Agent to bear interest on and after pay to the Paying Agent for payment to each Holder the Special Mandatory Redemption Date Price for such Holder’s Notes and, other than concurrently with the right payment to receive such Holders, deliver any excess Escrowed Property (if any) to the Special Mandatory Redemption Price, all rights under the Notes will terminateIssuer. (c) For purposes of this Paragraph 8, the following definitions apply:

Appears in 1 contract

Samples: Indenture (Avantor, Inc.)

Special Mandatory Redemption. (a) If, for any reason, (1) In the Acquisition has event that the Merger is not been consummated on or prior to January 26, 2015, or the Outside Date or (2) the Acquisition Merger Agreement is terminated in accordance with its terms at any time prior to thereto (January 26, 2015 or such earlier date of termination, the Outside “Trigger Date”), then the Company will Issuers shall redeem all in whole and not in part the aggregate principal amount of the Notes outstanding on the Special Mandatory Redemption Date at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the date of initial issuance to, but excluding, the Special Mandatory Redemption Date (the “Special Mandatory Redemption Price”) (subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). (b) The Company will Issuers shall cause a notice of a special mandatory redemption to be mailed or electronically delivered according to the procedure Trustee and mailed, or delivered electronically if held by the Depository, to the holders of the Depository Trust CompanyNotes at their registered addresses no later than the Business Day following the Trigger Date, with a copy to which shall provide for the Trustee, promptly after the occurrence redemption of the event triggering redemption to each Holder of Notes in accordance with on the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to third Business Day (the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption Date”) following the date of such notice. If Upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or a paying agent on or before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes will shall terminate. (c) For purposes The provisions described in this Section 3.09 may not be waived or modified without the written consent of this Paragraph 8, all holders of the following definitions apply:Notes.

Appears in 1 contract

Samples: Indenture (Mallinckrodt PLC)

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Special Mandatory Redemption. (a) If, for any reason, In the event that (1i) the Company does not complete the Alagasco Acquisition has not been consummated on or prior to the Outside Date November 15, 2015 or (2ii) the Acquisition Purchase Agreement is terminated at any time prior to the Outside DateNovember 15, 2015, then the Company will shall redeem all of the Notes on the Special Mandatory Redemption Date at the Special Mandatory Redemption Price. (b) , plus accrued and unpaid interest to, but not including, the Special Mandatory Redemption Date. The Company will shall cause a notice of a special mandatory redemption to be mailed or electronically delivered according to the procedure of the Depository Trust Companydistributed, with a copy to the Trustee, promptly within ten Business Days after the occurrence of the event triggering the special mandatory redemption to each Holder holder of Notes in accordance with the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption DateNotes. If funds sufficient to pay the Special Mandatory Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, the Notes will cease to bear interest on and after interest. The notice of special mandatory redemption shall include the information required by Section 404 of the Indenture, and, notwithstanding such Section 404, may be given less than 30 days prior to the Special Mandatory Redemption Date andDate, other but in no event fewer than the right to receive the Special Mandatory Redemption Price, all rights under the Notes will terminatefive Business Days prior thereto. (cb) For purposes of this Paragraph 8Section 5.02, the following definitions shall apply:

Appears in 1 contract

Samples: First Supplemental Indenture (Laclede Group Inc)

Special Mandatory Redemption. (a) If, for any reason, (1) In the event that the Acquisition has is not been consummated on or prior to the Outside Date July 7, 2015, or (2) the Acquisition Agreement is terminated in accordance with its terms at any time prior to thereto (July 7, 2015 or such earlier date of termination, the Outside “Trigger Date”), then the Company will Issuers shall redeem all in whole and not in part the aggregate principal amount of the Notes outstanding on the Special Mandatory Redemption Date at a redemption price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest from the date of initial issuance to, but excluding, the Special Mandatory Redemption Date (the “Special Mandatory Redemption Price”) (subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). (b) The Company will Issuers shall cause a notice of a special mandatory redemption to be mailed or electronically delivered according to the procedure Trustee and mailed, or delivered electronically if held by the Depository, to the holders of the Depository Trust CompanyNotes at their registered addresses no later than the Business Day following the Trigger Date, with a copy to which shall provide for the Trustee, promptly after the occurrence redemption of the event triggering redemption to each Holder of Notes in accordance with on the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to third Business Day (the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption Date”) following the date of such notice. If Upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or a paying agent on or before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes will shall terminate. (c) For purposes The provisions described in this Section 3.09 may not be waived or modified without the written consent of this Paragraph 8, all holders of the following definitions apply:Notes.

Appears in 1 contract

Samples: Indenture (Mallinckrodt PLC)

Special Mandatory Redemption. (a) If, for any reason, (1) the Acquisition has not been consummated on or prior to the Outside Date or (2) the Acquisition Agreement is terminated prior to the Outside Date, then the Company will redeem all of the Notes on the Special Mandatory Redemption Date at the Special Mandatory Redemption Price. (b) The Company will cause notice of a special mandatory redemption to be mailed or electronically delivered according to the procedure of the Depository Trust Company, with a copy to the Trustee, promptly after the occurrence of the event triggering redemption to each Holder of Notes in accordance with the Indenture; provided that notice to each Holder of Notes of such redemption may be given less than 30 days prior to the Special Mandatory Redemption Date but in any event not less than 4 business days prior to the Special Mandatory Redemption Date. If funds sufficient to pay the Special Mandatory Redemption Price on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date and, other than the right to receive the Special Mandatory Redemption Price, all rights under the Notes will terminate. (c) For purposes of this Paragraph 8Section 1.09, the following definitions apply:

Appears in 1 contract

Samples: First Supplemental Indenture (Unit Corp)

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