Examples of Optional Redemption Percentage in a sentence
The "Optional Redemption Percentage" shall initially equal 105% and shall decline ratably on each anniversary of May 31, 2004 until May 31, 2007 (in any case to an amount not less than 100%).
The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Debenture being redeemed MULTIPLIED BY the Optional Redemption Percentage.
On or after May 31, 2004, the Corporation may redeem shares of the Series A Preferred, in whole or in part, from time to time, at a redemption price per share which shall equal the product of (i) the Optional Redemption Percentage multiplied by (ii) the Liquidation Preference per share of the Series A Preferred to be redeemed to the date of redemption.
The portion of this Note subject to such Company Optional Redemption pursuant to this Section 5(a) shall be redeemed by the Company in cash at a price (the “Company Optional Redemption Price”) equal to the sum of (A) the applicable Company Optional Redemption Percentage of the Principal being redeemed as of the Company Optional Redemption Date, (B) 100% of accrued and unpaid Interest with respect to such Principal and (C) 100% of accrued and unpaid Late Charges with respect to such Principal and Interest.
The portion of this Note subject to redemption pursuant to this Section 9 shall be redeemed by the Company in cash at a price equal to the applicable Optional Redemption Percentage of the Conversion Amount being redeemed as of the Holder Optional Redemption Date (the “Holder Optional Redemption Price”).
The portion of this Note subject to redemption pursuant to this Section 8(a) shall be redeemed by the Company in cash at a price (each, a “Company Optional Redemption Price”) equal to the applicable Optional Redemption Percentage of the Conversion Amount being redeemed as of the Company Optional Redemption Date.
The "OPTIONAL REDEMPTION PERCENTAGE" initially shall be 130%; beginning on January 1, 1998 and on the first (1st) day of each calendar quarter thereafter, the Optional Redemption Percentage shall be reduced on a straight line basis so that during the last calendar quarter occurring during the term of this Debenture (assuming that this Debenture has not been redeemed, converted or paid in full prior thereto) the Optional Redemption Percentage shall be 100%.
The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Note being redeemed, MULTIPLIED BY the Optional Redemption Percentage.
The Company shall have applied $900,000 of the $16,078,574 outstanding amount under the New Exchange Note as of the date hereof to the balance of the Holder Master Restricted Account (as defined in the February Waiver Agreement), to partially redeem the New Exchange Note at the Optional Redemption Percentage of the Conversion Amount (as defined in the New Exchange Note) by means of a payment of $750,000 on the date hereof and a payment of $150,000 on the Closing Date.
The Optional Redemption Percentage initially shall be 130%; beginning on June 1, 1997, and on the first day of each calendar quarter thereafter, the Optional Redemption Percentage shall be reduced on a straight line basis so that during the last calendar quarter occurring during the term of the Note (assuming that this Note has not been redeemed, converted or paid in full prior thereto) the Optional Redemption Percentage shall be 100%.