Special Optional Redemption. Upon the occurrence of a Change of Control, in addition to the Issuer’s right to redeem some or all of the shares of Series G Preferred Stock upon the exercise by a holder of its change of control conversion right, the Issuer may, at its option, redeem the Series G Preferred Stock, in whole or in part within 120 days after the first date on which such change of control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption.

Special Optional Redemption has the meaning assigned to such term in the 2017 Senior Notes Indenture.

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), we will have the option to redeem our Series A Preferred Stock, in whole, at any time, or in part, from time to time, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. To the extent that we have exercised our special optional redemption right relating to the Series A Preferred Stock before the applicable conversion date, the holders of Series A Preferred Stock will not be permitted to exercise the conversion right described below in respect of their shares called for redemption. See “Description of the Series A Preferred Stock — Optional Redemption and Special Optional Redemption” and “Description of the Series A Preferred Stock — Restrictions on Ownership and Transfer” in the Preliminary Prospectus Supplement.

Examples of Special Optional Redemption in a sentence

Except with respect to a Special Optional Redemption (as defined in Section 7(b) below) and a REIT Qualification Optional Redemption (as defined in Section 7(c) below), the Partnership may not redeem the Series G Preferred Units prior to February 13, 2018.
Section 107(b)(ii) of the Supplemental Indenture shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.
This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.
The Company shall also cause notice of redemption (whether pursuant to the Optional Redemption Right or the Special Optional Redemption Right) to be published in a newspaper of general circulation in the City of New York at least once a week for two successive weeks commencing not less than 30 days nor more than 60 days prior to the cash redemption date.
Such notice shall also instruct the Trustee to send a notice of redemption to the Holders, which notice of redemption shall specify that the redemption is a Special Mandatory Redemption or a Special Optional Redemption, the Special Redemption Price and the Special Redemption Date.

More Definitions of Special Optional Redemption

Special Optional Redemption has the meaning set forth in Section 601 hereof;

Special Optional Redemption has the meaning given to such term in Section 2.07. of the Sixteenth Supplemental Indenture hereto, dated as of October 26, 2012.

Special Optional Redemption has the meaning set forth in Section 8.01(a).

Special Optional Redemption and a Special Optional Redemption or a Special Mandatory Redemption, a “Special Redemption”).

Special Optional Redemption. If the Acquisition (as defined in the prospectus supplement) is not closed on or before May 29, 2015, or the purchase agreement related to the Acquisition is terminated on or before such date, we will have the option to redeem all, but not less than all, of the notes at a redemption price equal to 101% of the aggregate principal amount of the notes, plus accrued and unpaid interest, to, but excluding, the date of redemption.

Special Optional Redemption has the meaning given to such term in Section 1.4(c) of the Eighth Supplemental Indenture.