Common use of Special Redemption Clause in Contracts

Special Redemption. In the event the Company completes one or more Equity Offerings on or before December 1, 2005, the Company, at its option, may use the net cash proceeds from any such Equity Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption, provided, however, that at least 65% of the original principal amount of the Notes will remain outstanding immediately after each such Special Redemption; and provided, further, that such Special Redemption shall occur within 90 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Granite Broadcasting Corp

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Special Redemption. In At any time or from time to time, in the event the Company completes one or more Equity Offerings on or before December July 1, 20052006, the CompanyCompany may, at its option, may use the net cash proceeds from any such Equity Offering Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750109.500% of the principal amount thereof, together with accrued and unpaid interest and Additional Interestthereon, if any, to the date of redemptionRedemption Date, provided, however, provided that (1) at least 65% of the original principal amount of the Notes will remain issued hereunder remains outstanding immediately after each such Special Redemption; and provided, further, that (2) such Special Redemption shall occur within not more than 90 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof3.6.

Appears in 1 contract

Samples: Indenture (Mobile Mini Inc)

Special Redemption. In the event the Company completes one or more Public Equity Offerings on or before December 1June 15, 2005, the Company, at its option, may use the net cash proceeds from any such Public Equity Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption, provided, however, that at least 65% of the original principal amount of the Notes issued will remain outstanding immediately after each such Special Redemption; and provided, further, that such Special Redemption shall occur within 90 120 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Ironton Iron Inc

Special Redemption. In the event the Company completes one or more Equity Offerings on or before December June 1, 20052006, the CompanyCompany may, at its option, may use the net cash proceeds from any such Equity Offering to redeem up to 35% of the original principal amount of the Notes issued under this Indenture (a "Special Redemption") at a Redemption Price of 109.750111.250% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption, provided, however, provided that (a) at least 65% of the original principal amount of the Notes issued under this Indenture will remain outstanding immediately after each such Special Redemption; Redemption and provided, further, that (b) such Special Redemption shall occur within not more than 90 days after the date of the closing consummation of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Indenture (Omnova Solutions Inc)

Special Redemption. In the event the Company completes one or more Public Equity Offerings on or before December 1January 15, 20052000, the Company, at in its optiondiscretion, may use the net cash proceeds from any such Public Equity Offering to redeem up to 3533-1/3% of the original principal amount of the Notes (a "Special RedemptionSPECIAL REDEMPTION") at a Redemption Price of 109.750111% of the principal amount thereof, together with accrued and unpaid interest and Additional InterestLiquidated Damages, if any, to the date of redemption, providedPROVIDED, howeverHOWEVER, that at least 6566-2/3% of the original principal amount of the Notes will remain outstanding immediately after each such Special Redemption; and providedPROVIDED, furtherFURTHER, that such Special Redemption shall occur within 90 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Indenture (Commemorative Brands Inc)

Special Redemption. In the event the Company completes one or more Public Equity Offerings on or before December January 1, 2005, the Company, at its option, may use the net cash proceeds from any such Public Equity Offering to redeem up to 35% of the original principal amount of the Notes (a "Special RedemptionSPECIAL REDEMPTION") at a Redemption Price of 109.750111.625% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption, providedPROVIDED, howeverHOWEVER, that at least 65% of the original principal amount of the Notes will remain outstanding immediately after each such Special Redemption; and providedPROVIDED, furtherFURTHER, that such Special Redemption shall occur within 90 120 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Commemorative Brands Inc

Special Redemption. In the event the Company completes one At any time, or more Equity Offerings from time to time, on or before December 1prior to June 15, 20052006, the Company, at its option, may use the net cash proceeds from any such of one or more Equity Offering Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750110.375% of the principal amount thereof, together with accrued and unpaid interest and Additional Interestinterest, if any, to the date of redemption, provided, however, that at least 65% of the original principal amount of the Notes issued will remain outstanding immediately after each such Special Redemption; and provided, further, that the Company shall make such Special Redemption shall occur within 90 not later than 60 days after the date of the closing consummation of the applicable any such Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof3.6.

Appears in 1 contract

Samples: Crum & Forster Holdings Corp

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Special Redemption. In At any time, or from time to time in the event the Company completes one or more Equity Offerings on or before December 1April 15, 20052006, the CompanyCompany may, at its option, may use the net cash proceeds from any such Equity Offering Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750112.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemptionRedemption Date, provided, however, that (a) at least 65% of the original principal amount of the Notes will remain issued under the Indenture remains outstanding immediately after each such Special Redemption; and provided, further, that (b) each such Special Redemption shall occur within 90 not more than 120 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Indenture (Dan River Inc /Ga/)

Special Redemption. In At any time or from time to time, in the event the Company completes one or more Equity Offerings on or before December August 1, 20052009, the CompanyCompany may, at its option, may use the net cash proceeds from any such Equity Offering Offerings to redeem up to 35% of the original principal amount of the Notes (a "β€œSpecial Redemption"”) at a Redemption Price of 109.750100% of the principal amount thereof, plus a premium equal to the rate per annum on the Notes applicable on the Redemption Date, together with accrued and unpaid interest and Additional Interestthereon, if any, to the date of redemptionRedemption Date, provided, however, provided that (1) at least 65% of the original principal amount of the Notes will remain issued hereunder remains outstanding immediately after each such Special Redemption; and provided, further, that (2) such Special Redemption shall occur within not more than 90 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof3.6.

Appears in 1 contract

Samples: Indenture (Total Gas & Electricity (PA) Inc)

Special Redemption. In At any time or from time to time, in the event the Company completes one or more Equity Offerings on or before December 1April 15, 20052006, the CompanyCompany may, at its option, may use the net cash proceeds from any such Equity Offering Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 109.750112.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemptionRedemption Date, provided, however, that (1) at least 65% of the original principal amount of the Notes will remain issued hereunder remains outstanding immediately after each such Special Redemption; and provided, further, that (2) such Special Redemption shall occur within 90 not more than 120 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof3.6.

Appears in 1 contract

Samples: Indenture (Dan River Inc /Ga/)

Special Redemption. In the event the Company completes of one or more Public Equity Offerings are completed on or before December 1June 15, 20052006, the CompanyIssuers, at its their option, may use the net cash proceeds from any such Public Equity Offering to redeem up to 35% of the original principal amount of the Notes (a "Special RedemptionSPECIAL REDEMPTION") at a Redemption Price of 109.750110.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the date of redemption; PROVIDED, provided, howeverHOWEVER, that at least 65% of the original principal amount of the Notes will remain outstanding immediately after each such Special Redemption; and providedPROVIDED, furtherFURTHER, that such Special Redemption shall occur within 90 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aas Capital Corp)

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