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:
(i) The Company at its option prior to the Maturity Date may redeem this Series 1 Bridge Note at the Redemption Price set forth below plus all accrued and unpaid interest on the principal amount through and including the Voluntary Redemption Date (the "Voluntary Redemption Price") as of a Voluntary Redemption Date: Redemption Date Redemption Price Original Issue Date through and 105% including the 60th day after the Original Issue Date 61st day after the Original Issue 110% Date through and including the 120th day after the Original Issue Date 121st day after the Original Issue 115% Date through and including the 180th day after the Original Issue Date 181st day after the Original Issue 120% Date through and including the 214th day after the Original Issue Date 215th day after the Original Issue 125% Date through and including the date of redemption or conversion
(ii) At least ten (10) days before a Voluntary Redemption, the Company shall mail a notice of redemption to Holder, stating (A) the redemption date, which shall be a business day in New York, New York (the "Voluntary Redemption Date"), (B) the aggregate principal amount of this Series 1 Bridge Note to be redeemed, (C) the Voluntary Redemption Price, and (D) the name and address of the Person to whom this Series 1 Bridge Note must be presented to receive payment if required pursuant to paragraph (iv) below. Once notice of redemption is mailed and the Company shall have complied with paragraph (iii) below, the Voluntary Redemption Price shall become due and payable on the Voluntary Redemption Date.
(iii) On or before the third (3rd) day prior to the Voluntary Redemption Date, the Company shall deposit into a bank trust account for the benefit of the Holder of this Series 1 Bridge Note money sufficient to pay the Redemption Price and all accrued and unpaid interest.
(iv) The Company may, at its option, require as a condition to the receipt of a payment pursuant to this Section 3(b) that Holder present the Series 1 Bridge ...
Voluntary Redemption. The Company shall have the right to redeem the Securities, in accordance with the following schedule:
i. If all of the Securities are redeemed within ninety (90) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon five (5) business days’ of written notice at a price equal to the product of one hundred and fifteen percent (115%) multiplied by the sum of the outstanding Stated Value together with any accrued but unpaid dividends;
ii. If all of the Securities are redeemed after ninety (90) calendar days and within one hundred twenty (120) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon five (5) business days of written notice at a price equal to the product of one hundred and twenty percent (120%) multiplied by the sum of the outstanding Stated Value together with any accrued but unpaid dividends; and
iii. If all of the Securities are redeemed after one hundred and twenty (120) calendar days and within one hundred eighty (180) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon five (5) business days of written notice at a price equal to the product of one hundred and twenty five percent (125%) multiplied by the sum of the outstanding Stated Value together with any accrued but unpaid dividends.
iv. The Company shall honor all conversions of Preferred Stock until the receipt by the Purchaser of the applicable redemption amounts set forth in this Section 4.10.
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. 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.
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, 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. 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.
(b) Subject to paragraph (a) above, and subject to paragraph (c) below, a redemption or repurchase made pursuant to this Clause 4.7 must be an amount that reduces the amount of the relevant Notes by a minimum amount of $1,000,000 or such lesser amount as the Trustee may agree.
(c) Any repurchase or redemption made under this Clause 4.7 must be applied across the Notes of all Bridge Noteholders pro rata.
(d) The amount to be redeemed will also be applied in accordance with Clause 4.9 (Miscellaneous provisions).
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”).
(b) The Company shall provide the Trustee and each relevant Debenture Holder with a notice at least 30 (thirty) days prior to the proposed date of any Voluntary Redemption (“Voluntary Redemption Notice”). Such Voluntary Redemption Notice shall contain, amongst others, the following information:
(i) the proposed date of the Voluntary Redemption;
(ii) the number of Debentures sought to be redeemed from such Debenture Holder; and
(iii) the principal amount and accrued Interest payable on such redemption.
(c) Such Voluntary Redemption Notice shall be irrevocable. No prepayment penalty, early redemption cost or break cost will be applicable on such prepayment.
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:
(i) the Company shall redeem the Tranche B Notes (in whole or in part) on the same date subject to any equivalent provision under the Tranche B Notes and the Tranche B Indenture (such redemption of the Tranche B Notes being a “
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 B Voluntary Redemption”), provided that:
