Optional Prepayment Price definition

Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

Optional Prepayment Price for any Debentures shall equal the sum of (i) the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, divided by the Conversion Price on (x) the Optional Prepayment Date or (y) the date the Optional Prepayment Price is paid in full, whichever is less, multiplied by the Average Price on (x) the Optional Prepayment Date or (y) the date the Optional Prepayment Price is paid in full, whichever is greater, and (ii) all other amounts, expenses, costs and liquidated damages due in respect of such principal amount.

Optional Prepayment Price means 100% of the outstanding principal amount of the Notes to be redeemed, plus any accrued and unpaid interest thereon up to, but excluding the date of such prepayment.

Examples of Optional Prepayment Price in a sentence

• The prepayment price applicable to such prepayments shall equal the Optional Prepayment Price (as defined in Section 7) and shall be paid in cash.

• The Optional Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Prepayment Price by 10:00 a.m., New York time, on the date such Optional Prepayment Price is to be paid.

• The Optional Prepayment Price shall be paid prior to 12:00 noon New York City time, on the date of such prepayment or at such earlier time as the Corporation determines, provided that the Corporation shall deposit with the Debenture Trustee an amount sufficient to pay the Optional Prepayment Price by 10:00 a.m., New York City time, on the date such Optional Prepayment Price is to be paid.

• Any prepayment pursuant to this paragraph will be made upon not less than 30 days' nor more than 60 days' notice, at the Optional Prepayment Price.

• The Optional Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Prepayment Price by 10:00 a.m., New York time, on the date such Optional Prepayment Price is to be paid.

More Definitions of Optional Prepayment Price

Optional Prepayment Price means with respect to the Notes, a prepayment price equal to 100% of the outstanding principal amount of the Notes to be prepaid, plus any accrued and unpaid interest thereon up to but excluding the date of such prepayment.

Optional Prepayment Price for any Debentures shall equal 120% of principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon.

Optional Prepayment Price means the amount determined by the Administrator and provided to the Trustee, which a Participant may, in its discretion, pay under its Financing Agreement in order to prepay in full its Financing Payments, which amount shall be equal to the unpaid principal component of Financing Payments increased by the sum of (a) the amount of any due or past due Financing Payments together with interest on such past due Financing Payments to the date of such prepayment in full; (b) the unpaid accrued interest on the outstanding principal component of the Financing Payments to the next date on which the related Bonds can be redeemed; (c) an amount of Defeasance Obligations which, together with the interest income thereon (as certified by the Program Administrator, Bond Counsel or other entity satisfactory to the Trustee), will be sufficient to pay Financing Payments, which would have been due on the Financing Agreement, if the Financing Agreement had not been prepaid, between the date of the prepayment and the date the prepayment will be used to redeem Bonds; (d) any additional Financing Payments to the extent known or determinable at the time the prepayment is made through the

Optional Prepayment Price means with respect to the Notes, a prepayment price equal to the greater of (a) 100% of the principal amount of the Notes being prepaid, or (b) as determined by the Quotation Agent, the present value of scheduled payments of principal and interest from the prepayment date to May 23, 2036, on the Notes being prepaid, discounted to the date of prepayment on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus a spread of 0.20% and, in the case of (a) or (b), any accrued and unpaid interest thereon up to, but excluding, the prepayment date.

Optional Prepayment Price has the meaning specified in Section 3.2.]

Optional Prepayment Price means the percentage of outstanding principal amount of the Notes specified below, plus, in each case, accrued interest thereon to the date of prepayment:

Optional Prepayment Price means (i) so long as no Equity Conditions Failure has occurred during the period beginning ten (10) Trading Days prior to the Optional Prepayment Notice Date and ending on the Prepayment Notice Date and no Equity Conditions Failure has occurred during the Optional Prepayment Interim Period, 100% of the Conversion Amount being prepaid, and (ii) if an Equity Conditions Failure has occurred at any time during the period beginning ten (10) Trading Days prior to the Optional Prepayment Notice Date and ending on the Optional Prepayment Date, the greater of (x) the Conversion Amount being prepaid and (y) the product of (A) the Conversion Amount being prepaid and (B) the quotient determined by dividing (I) the greatest Closing Sale Price of the shares of Common Stock during the period beginning on the tenth (10th) Trading Day immediately preceding the applicable Optional Prepayment Notice Date and ending on the Trading Day immediately preceding the Optional Prepayment Date, by (II) the lowest Conversion Price in effect during such period.