Partial Redemption definition
Examples of Partial Redemption in a sentence
If any Note selected for Partial Redemption is submitted for conversion in part after such selection, the portion of the Note submitted for conversion shall be deemed (so far as may be possible) to be the portion selected for redemption, subject, in the case of Notes represented by a Global Note, to the Depositary’s applicable procedures.
If the Company makes an All Notes Election with respect to a Partial Redemption pursuant to Section 16.02(d), Holders of all outstanding Notes may convert their Notes pursuant to this Section 14.01(b)(v) at any time during the relevant Redemption Period, irrespective of whether such Notes are Called Notes and even if the Notes are not otherwise convertible at such time.
With respect to any Partial Redemption, unless the Company makes an All Notes Election, at least $100,000,000 aggregate principal amount of Notes must be outstanding and not subject to Optional Redemption as of, and after giving effect to, delivery of the relevant Notice of Redemption (such requirement, the “Partial Redemption Limitation”).
A conversion of Notes shall be deemed for these purposes to be “in connection with” a Notice of Redemption if (x) such Notes are Called Notes with respect to such Notice of Redemption or (y) the Company has made an All Notes Election with respect to a Partial Redemption pursuant to Section 16.02(d) such that all Notes are convertible pursuant to Section 14.01(b)(v) and, in each case, the relevant Conversion Date occurs during the related Redemption Period.