Special Redemption. At any time, or from time to time, on or prior to June 15, 2006 the Company, at its option, may use the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 110.375% of the principal amount, together with accrued and unpaid interest, 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 redemption; and provided, further, that each such redemption shall occur not more than 60 days after the date of the consummation of the applicable Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Crum & Forster Holdings Corp
Special Redemption. At any time, In the event Holdings or from time to time, the Issuers completes one or more Equity Offerings on or prior to June before April 15, 2006 2007, the CompanyIssuers, at its their option, may use the net cash proceeds of one or more from any such Equity Offerings Offering to redeem up to 3540% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 110.375109% of the principal amount, together with accrued and unpaid interestinterest and Additional Interest (if any), to the date of redemption, provided, however, that at least 6560% of the original principal amount of the Notes issued will remain outstanding immediately after each such redemption; and provided, further, that each such redemption shall occur not more than 60 within 90 days after the date of the consummation closing of the applicable Equity Offering. If less than all the Notes are to be redeemed, the The Trustee will select the particular Notes or portions thereof to be redeemed by lot, only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Superior Essex Inc
Special Redemption. At any time, or from time to time, on or prior to June 15, 2006 the Company, at its option, may use the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 110.375% of the principal amount, together with accrued and unpaid interestinterest 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 redemption; and provided, further, that each such redemption shall occur not more than 60 days after the date of the consummation of the applicable Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Crum & Forster Holdings Corp
Special Redemption. At any time, In the event the Company completes one or from time to time, more Equity Offerings on or prior to before June 151, 2006 2006, the Company, at its option, may use the net cash proceeds of one or more from any such Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes issued under the Indenture (a "Special Redemption") at a Redemption Price of 110.375111.250% of the principal amount, together with accrued and unpaid 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 will remain remains outstanding immediately after each any such redemption; redemption and provided, further, that each (b) such redemption shall occur not more than 60 90 days after the date of the consummation closing of the applicable any such Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Indenture (Omnova Solutions Inc)
Special Redemption. At any time, In the event the Company completes one or from time to time, more Equity Offerings on or prior to before June 151, 2006 2006, the Company, at its option, may use the net cash proceeds of one or more from any such Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes issued under the Indenture (a "Special Redemption") at a Redemption Price of 110.375111.250% of the principal amount, together with accrued and unpaid interestinterest 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 will remain remains outstanding immediately after each any such redemption; redemption and provided, further, that each (b) such redemption shall occur not more than 60 90 days after the date of the consummation closing of the applicable any such Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Indenture (Omnova Solutions Inc)
Special Redemption. At any time, or from time to time, In the event of the completion of a Public Equity Offering on or prior to June 15before August 1, 2006 2006, the CompanyIssuers, at its their option, may use the net cash proceeds of one or more from any such Public Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "βSpecial Redemption"β) at a Redemption Price of 110.375107.0% of the principal amount, together with accrued and unpaid 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 redemption; and provided, further, that each such redemption shall occur not more than 60 90 days after the date of the consummation closing of the applicable Public Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed by lot, only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Indenture (Oak Ridger LLC)
Special Redemption. At any time, In the event the Company completes one or from time to time, more Public Equity Offerings on or prior to before June 15, 2006 2005, the Company, at its option, may use the net cash proceeds of one or more from any such Public Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 110.375109.750% of the principal amount, together with accrued and unpaid interestinterest 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 redemption; and provided, further, that each such redemption shall occur not more than 60 within 120 days after the date of the consummation closing of the applicable Public Equity Offering. If less than all the Notes are to be redeemed, the Trustee will select the particular Notes or portions thereof to be redeemed by lot, only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Ironton Iron Inc
Special Redemption. At any time, In the event Holdings or from time to time, the Issuers completes one or more Equity Offerings on or prior to June before April 15, 2006 2007, the CompanyIssuers, at its their option, may use the net cash proceeds of one or more from any such Equity Offerings Offering to redeem up to 3540% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 110.375109% of the principal amount, together with accrued and unpaid interestinterest and Additional Interest (if any), to the date of redemption, ; provided, however, that at least 6560% of the original principal amount of the Notes issued will remain outstanding immediately after each such redemption; and provided, further, that each such redemption shall occur not more than 60 within 90 days after the date of the consummation closing of the applicable Equity Offering. If less than all the Notes are to be redeemed, the The Trustee will select the particular Notes or portions thereof to be redeemed by lot, only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to DTC procedures).
Appears in 1 contract
Samples: Superior Essex Inc