Voluntary Redemption. The Company shall have the right to redeem the Securities, in accordance with the following schedule:
Voluntary Redemption. At any time from and after the Original Issue Date up to but not including the Maturity Date, the Company may, at its option, call and redeem this Series 1 Bridge Note, at the redemption price set forth in subparagraph (i), below, plus accrued and unpaid interest on such redeemed amount through and including the Voluntary Redemption Date, as such term is defined below (such redemption being the "Voluntary Redemption"), under and in accordance with the following terms and procedures:
Voluntary Redemption. The Issuer shall not have the right to voluntarily prepay the Debentures, in whole or in part, except as permitted under this Deed.
Voluntary Redemption. At any time prior to the Final Redemption Date, the Company may, if the Company gives the Trustee and each holder at such holder's address appearing in the Security Register not less than five (5) Business Days' prior written notice (the “Voluntary Redemption Notice”), redeem the Notes (in whole or in part) without any premium or penalty, except for Default Interest, if any (such redemption of the Notes being a “Tranche A Voluntary Redemption”), provided that:
Voluntary Redemption. The Borrower will not, and will not permit any Restricted Subsidiary to voluntarily prepay, repurchase or redeem or otherwise voluntarily defease prior to its scheduled maturity any Junior Debt (for the avoidance of doubt, it being understood that payments of regularly-scheduled cash interest in respect of Junior Debt shall be permitted); provided, however, that the Borrower or any Restricted Subsidiary may prepay, repurchase, redeem or defease prior to its scheduled maturity any Junior Debt (i) in exchange for or with the proceeds of any Permitted Refinancing Debt or other Specified Additional Debt), (ii) by converting or exchanging any Junior Debt to Equity Interests (other than Disqualified Capital Stock) or Qualified Preferred Stock of the Borrower or with the Net Cash Proceeds from any such Equity Interests (other than Disqualified Capital Stock) or Qualified Preferred Stock of the Borrower, (iii) such Debt is intercompany Debt permitted hereunder or (iv) so long as, immediately after giving effect thereto, (A) on a pro forma basis, no Borrowing Base deficiency exists and no Default or Event of Default shall have occurred and be continuing, (B) Liquidity is at least 15% and (C) on a pro forma basis the Borrower shall have a Leverage Ratio no greater than 2.50:1.00. 125
Voluntary Redemption. The Company shall, on any date, have the option of redeeming and retiring the Preferred Membership Interest by payment to the Preferred Holders of an amount equal to the Liquidation Payment.
Voluntary Redemption. (a) The Issuer or Issuer 2 (as applicable) may, by giving not less than three Business Days’ (or such shorter period as the Majority Bridge Noteholders may agree) prior notice to the Trustee, redeem or repurchase the Notes on the last day of an Interest Period in whole or in part.
Voluntary Redemption. The Borrower will not, and will not permit any Restricted Subsidiary to voluntarily prepay, repurchase or redeem or otherwise voluntarily defease prior to its scheduled maturity any Junior Debt (for the avoidance of doubt, it being understood that payments of regularly-scheduled cash interest in respect of Junior Debt shall be permitted); provided, however, that 107 the Borrower or any Restricted Subsidiary may prepay, repurchase, redeem or defease prior to its scheduled maturity any Junior Debt (i) in exchange for or with the proceeds of any Permitted Refinancing Debt or other Specified Additional Debt), (ii) by converting or exchanging any Junior Debt to Equity Interests (other than Disqualified Capital Stock) or Qualified Preferred Stock of the Borrower or with the Net Cash Proceeds from any such Equity Interests (other than Disqualified Capital Stock) or Qualified Preferred Stock of the Borrower, (iii) such Debt is intercompany Debt permitted hereunder, and (iv) so long as, immediately after giving effect thereto, (A) on a pro forma basis, no Borrowing Base deficiency exists and no Default or Event of Default shall have occurred and be continuing, (B) Liquidity is at least 15% of the Borrowing Base and (C) on a pro forma basis the Borrower shall have a Leverage Ratio no greater than 2.50:1.00; provided further that (without limitation of the foregoing clauses (a)(i)-(iv)) the Borrower may prepay, repurchase, redeem or defease any of its 2023 Senior Notes, 2024 Senior Notes, 2025 Senior Notes, 2025 Second Lien Notes or 2026 Senior Notes through one or more open market purchases (each a “Permitted Purchase” and, collectively, the “Permitted Purchases”) for an aggregate cash purchase price for all such Permitted Purchases not to exceed $100,000,000 so long as, immediately after giving effect to each such Permitted Purchase, (i) Liquidity is at least $500,000,000 and (ii) the aggregate amount of all such Permitted Purchases does not exceed the amount of Free Cash Flow for the period beginning April 1, 2021 and ending on the date such Permitted Purchase is made.
Voluntary Redemption. (a) If any Debenture Holder does not provide its consent for the Company to enter into any merger, consolidation, reorganization, scheme of arrangement or compromise with its creditors or shareholders or effect any scheme of amalgamation or reconstruction, which has a Material Adverse Effect, the Company shall be entitled to redeem the Debentures held by such Debenture Holder as set out in sub-paragraph (b) below (“Voluntary Redemption”).
Voluntary Redemption. The Securities may be redeemed at the election of the Company, at any time after the Closing Date, as a whole or from time to time in part, subject to the conditions and at the Redemption Prices specified in the form of Security, together in each case with accrued and unpaid interest to the Redemption Date. Except upon the occurrence of (a) an Asset Sale and the redemption of Securities from Net Proceeds of Asset Sale pursuant to Section 423, (b) a Stock Sale and the redemption of Securities from Stock Sale Proceeds pursuant to Section 423 or (c) a Change of Control and the redemption of Securities pursuant to Section 425, the Redemption Price shall be equal to one hundred and one percent (101%) of the principal amount of the Securities so redeemed. The Redemption Price upon a redemption of Securities pursuant to Section 423 or 425 shall be equal to one hundred percent (100%) of the principal amount of the Securities so redeemed.
