Redemption and Purchases Clause Samples
The 'Redemption and Purchases' clause defines the issuer's right to buy back or redeem its securities before their maturity or scheduled repayment date. Typically, this clause outlines the conditions under which redemption or repurchase can occur, such as at the issuer's discretion, upon certain events, or at specified prices, and may include details about notice periods or limitations on the amount redeemed. Its core practical function is to provide flexibility for the issuer to manage its outstanding obligations, potentially reducing debt or equity on favorable terms, and to give investors clarity on when and how their securities might be repurchased or redeemed.
Redemption and Purchases. SECTION 3.01 Right to Redeem; Notices to Trustee...........................21 SECTION 3.02 Selection of Securities to Be Redeemed........................22 SECTION 3.03
Redemption and Purchases. If as a result of any change in, or amendment to, or in the official application of, the laws of Canada or the regulations of any taxing authority therein or thereof (other than Québec) or any change in, or in the official application of, or execution of, or amendment to, any treaty or treaties affecting taxation to which Canada is a party, which change or amendment shall have become effective after May 7, 2008, it is determined by Québec that it would be required at, or at any time prior to, maturity of the Notes to pay Additional Amounts as hereinabove described, the Notes may be redeemed in whole but not in part at the option of Québec on not less than 30 days’ nor more than 45 days’ published notice in accordance with the provisions set forth below under “Notices”, at the Principal Amount thereof together with accrued interest. Québec may at any time purchase Notes in any manner and at any price. If purchases are made by tender, tenders must be available to all Noteholders alike.
Redemption and Purchases. If as a result of any change in, or amendment to, or in the official application of, the laws of Canada or the regulations of any taxing authority therein or thereof (other than Québec) or any change in, or in the official application of, or execution of, or amendment to, any treaty or treaties affecting taxation to which Canada is a party, which change or amendment shall have become effective after July 16, 2020, it is determined by Québec that it would be required at, or at any time prior to, maturity of the Notes to pay Additional Amounts as hereinabove described, the Notes may be redeemed in whole but not in part at the option of Québec on not less than 30 days’ nor more than 60 days’ published notice in accordance with the provisions set forth below under “Notices”, at the Principal Amount thereof together with accrued interest. Québec may, if not in default under the Notes, purchase Notes at any time in any manner and at any price. If purchases are made by tender, tenders must be available to all Noteholders alike. The Notes will be direct, unsecured and unconditional obligations of Québec for the payment and performance of which the full faith and credit of Québec will be pledged and will not be secured. The Notes will rank equally among themselves and with all notes, debentures or other similar debt securities issued by Québec and outstanding at the date of the issue of the Notes or issued in the future.
Redemption and Purchases. 18
SECTION 3.1. RIGHT TO REDEEM; NOTICE TO TRUSTEE......................18 SECTION 3.2. SELECTION OF SECURITIES TO BE REDEEMED..................18 SECTION 3.3.
Redemption and Purchases. SECTION 3.01
Redemption and Purchases. Section 3.1 Company's Right to Redeem; Notices to Trustee.........
Redemption and Purchases. Company's Right to Redeem; Notices to Trustee................19 Section 3.2 Selection of Securities to Be Redeemed.......................19 Section 3.3
Redemption and Purchases. 22 SECTION 3.1 Provisional and Optional Redemption; Notice to Trustee.................22 SECTION 3.2 Selection of Securities to Be Redeemed..........22
Redemption and Purchases. Right to Redeem; Notice to Trustee 24 SECTION 3.2. Selection of Securities to Be Redeemed 24 SECTION 3.3. Notice of Redemption 25 SECTION 3.4. Effect of Notice of Redemption 26 SECTION 3.5. Deposit of Redemption Price 26 SECTION 3.6. Securities Redeemed in Part 26 SECTION 3.7. Purchase of Securities at the Option of the Holder 26 SECTION 3.8. Purchase of Securities at Option of the Holder Upon Designated Event 28 SECTION 3.9. Effect of Purchase Notice 31 SECTION 3.10. Deposit of Purchase Price 32
Redemption and Purchases. Section 3.1 Right to Redeem; Notices to Trustee............................22 Section 3.2 Selection of Securities to Be Redeemed.........................22 Section 3.3