Voluntary Redemptions Clause Samples

Voluntary Redemptions. If permitted under the related Series Supplement and if no Event of Default then exists, Issuer will have the option to prepay, in whole or in part, the Outstanding Principal Balance of any Class of such Series of Equipment Notes in an Optional Redemption, provided that (i) any Optional Redemption in whole of the Class B Notes within a Series shall be subject to there also being an Optional Redemption in whole of the Class A Notes within such Series, (ii) subject to clause (iv) below, an Optional Redemption in part of the Class B Notes within a Series shall be subject to there also being an Optional Redemption in part of the Class A Notes in the same proportionate part, (iii) any Optional Redemption of Class A Notes shall not have the effect of causing the Outstanding Principal Balance of the Senior Class within any Series not secured by a Policy to equal or exceed the Outstanding Principal Balance of all Class A Notes secured by a Policy and (iv) if an Early Amortization Event is then continuing, (x) Issuer shall not be permitted to prepay any Class B Notes until the Outstanding Principal Balance of all Class A Notes shall have been paid in full and (y) Issuer shall not be permitted to prepay any Class A Notes of any Series until the Outstanding Principal Balance of all Class A Notes having an earlier Issuance Date than such Class A Notes shall have been paid in full. If an Event of Default then exists, Issuer will have the option to prepay, in whole, the Outstanding Principal Balance of all (but not less than all) Series of Equipment Notes then outstanding. It is understood that Optional Redemptions do not effect a release of Collateral from the Security Interest of this Master Indenture, unless resulting in the repayment of all Secured Obligations in full.

Voluntary Redemptions. If permitted under the related Series Supplement and if no Event of Default then exists, the Issuer will have the option to prepay the Outstanding Principal Balance of any Class of the applicable Series of Equipment Notes in an Optional Redemption. If an Event of Default then exists, the Issuer will have the option to prepay the Outstanding Principal Balance of all (but not less than all) Series of Equipment Notes then Outstanding. It is understood that Optional Redemptions do not effect a release of Collateral from the Security Interest of this Master Indenture, unless resulting in the repayment in full of all Secured Obligations relating to the Series being redeemed. Any Optional Redemption in part, if permitted in accordance with the applicable Series Supplement, will be achieved by a pro rata prepayment of the Outstanding Principal Balance of the applicable Equipment Notes.

Voluntary Redemptions. The Notes may be prepaid, in whole or in part prior to the Maturity Date by Borrower, effective three (3) Business Days after written notice of such prepayment is given to Agent and Purchasers, by payment of the principal amount of the Notes (or portion thereof in a minimum amount of $1,000,000 and integral multiples of $250,000 in excess of such amount) to be redeemed, plus accrued and unpaid interest and fees thereon through the date of such redemption, plus the Prepayment Premium. Notwithstanding any such redemption, Agent’s and Purchasers’ lien and security interest in the Collateral shall continue until Borrower fully satisfies its Obligations (other than inchoate indemnity obligations). Upon payment in full of the Obligations (other than inchoate indemnity obligations) and at such time as each Purchaser’s obligation to purchase additional Notes at Additional Takedowns have terminated, Agent and Purchasers shall terminate and release its liens and security interests in the Collateral and all rights therein shall revert to Borrower. All payments (including prepayments) on account of the Notes shall be applied to all Notes on a pro rata basis.

Voluntary Redemptions. (a) A Partner (a “Redemption Partner”) may elect to redeem some or all of its Units by providing at least 90 days’ prior written notice to the General Partner in a form acceptable to the General Partner (such notice, a “Redemption Notice”); provided that a Lead Founding Investor, Class A Founding Investor or Class B Founding Investor may not make a redemption election that is effective prior to the earlier of (i) the third anniversary of the Launch Date or, (ii) if earlier, the expiration of the Priority Period pursuant to clause (B) of the definition thereof (the period from the Initial Closing Date until such date, as applicable, the “Hard Lock-Up Period”); provided further that if a Lead Founding Investor, Class A Founding Investor or Class B Founding Investor redeems some or all of its Aggregate Units during the Soft Lock-Up Period, such Lead Founding Investor, Class A Founding Investor or Class B Founding Investor, as applicable, shall (x) not be entitled to the discount described in the definition of Founding Investor on the Incentive Allocation calculated at redemption and (y) only be entitled to receive 95% of the redemption proceeds otherwise attributable to such Units and such forfeited amounts (the “Early Redemption Amount”) shall be allocated pro rata to the other existing Partners and Parallel Vehicle Partners at the level of the Partnership and the Parallel Vehicle in accordance with their respective Aggregate Units as of the effective date of such redemption (and corresponding adjustments shall be made to the Aggregate Units and/or percentage interests of such Partners and Parallel Vehicle Partners to reflect such economic arrangement); provided further that the Lock-up Period will be waived during any Key Executive Suspension Period lasting for more than 3 months; provided further that KKR Investors will also be subject to the provisions of Section 1.6. Following the expiration of such 90-day period (unless the General Partner agrees to an earlier date in its sole discretion), such Units shall become “Redemption Units”; provided that a Redemption Partner may at any time withdraw all or a portion of an election to redeem its Redemption Units to the extent such Redemption Units have not been redeemed. On the last day of each calendar quarter (or more frequently as determined by the General Partner in its sole discretion), all outstanding Redemption Units will be redeemed if the AIFM determines that there are sufficient Liquid Assets, taking i...

Voluntary Redemptions. If no Event of Default then exists, the Issuer will have the option to prepay, in whole or in part (and if in part, in a minimum amount of at least $5,000,000 and integral multiples of $1,000,000 in excess thereof), the Outstanding Principal Balance of the Equipment Notes in an Optional Redemption; provided, that no Optional Redemption other than in whole shall occur once the 15th anniversary of the Closing Date has occurred, or if as of the proposed date of any such Optional Redemption, there shall exist any shortfall in the payment of Scheduled Principal Payment Amount determined as of such date. If an Event of Default then exists, the Issuer will have the option to prepay, in whole only, the Outstanding Principal Balance of the Equipment Notes. It is understood that Optional Redemptions do not effect a release of Collateral from the Security Interest of this Indenture, unless resulting in the repayment of all Secured Obligations in full.

Voluntary Redemptions. If no Event of Default then exists, the Issuer will have the option to prepay, in whole or in part (and if in part, in a minimum amount of at least $5,000,000 and integral multiples of $1,000,000 in excess thereof), the Outstanding Principal Balance of the Equipment Notes in an Optional Redemption; provided, that no Optional Redemption other than in whole shall occur once the 15th anniversary of the Closing Date has occurred, or if as of the proposed date of any such Optional Redemption, there shall exist any shortfall in the payment of Scheduled Principal Payment Amount determined as of such date. If an Event of Default then exists, the Issuer will have the option to prepay, in whole only, the Outstanding Principal Balance of the Equipment Notes. It is understood that Optional Redemptions do not effect a release of Collateral from the Security Interest of this Indenture, unless resulting in the repayment of all Secured Obligations in full. No Optional Redemption shall occur prior to the fifth anniversary of the Closing Date. Any Optional Redemption in part will be achieved by a pro rata prepayment of the Outstanding Principal Balance of the Equipment Notes.

Voluntary Redemptions. The Issuer may redeem the Notes on any Business Day in whole or in part (together with Interest and all other amounts then due pursuant to Section 2.06 and Section 2.10(g)) in accordance with the procedures in Section 2.9

Voluntary Redemptions. (i) The Company shall have the right at any time after the Closing Date, upon not less than ten (10) Business Days’ prior written notice sent to each Purchaser, to redeem the Notes in whole or in part, in an amount specified in such notice, by payment of the principal amount of the Notes (or portion thereof in a minimum amount of $2,000,000 and integral multiples of $250,000 in excess of such amount) to be redeemed, plus accrued and unpaid interest and fees thereon through the date of such redemption, plus a premium equal to the applicable percentage set forth below opposite the period in which such redemption is to take place multiplied by the principal amount to be redeemed, determined as follows (such percentage, the “Applicable Percentage”, and such premium, the “Applicable Premium”): 12-Month Period Ending August 29, 2006 3 % 12-Month Period Ending August 29, 2007 2 % 12-Month Period Ending August 29, 2008 1 % 12-Month Period Ending August 29, 2009 and thereafter 0 % (ii) Once a notice has been delivered pursuant to this Section 6.2(b), the aggregate principal amount of the Notes to be redeemed stated in such notice, together with the accrued interest thereon and the Applicable Premium, shall become due and payable on the payment date specified therein.