Scheduled Redemptions. If the Obligations of any series and Stated Maturity or the Special Provisions hereof or the Supplemental Indenture establishing such series shall so provide, such Obligations shall be subject to (i) scheduled redemption through the operation of a mandatory redemption schedule, in such amounts, at such times and subject to such credits (if any) as may be specified therein, and (ii) redemption at the option of the Shipowner, in connection with the operation of any such mandatory redemption schedule, in such additional amounts and subject to such conditions as may be specified therein.
Scheduled Redemptions. Unless a holder of Series Preferred elects otherwise in accordance with Section 4.2(d)(iii) below, on January 26, 2005, the Corporation shall redeem thirty three and one-third percent (33 1/3%) of the then-outstanding shares of each of the Series A Preferred and the Series B/B-1 Preferred held by such holder; on January 26, 2006, the Corporation shall redeem fifty percent (50%) of the then-outstanding shares of each of the Series A Preferred and the Series B/B-1 Preferred held by such holder; and shall redeem all remaining shares of the Series A Preferred and the Series B/B-1 Preferred held by such holder on January 26, 2007 (the "Scheduled Redemption Dates"), at a price per share equal to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, respectively.
Scheduled Redemptions. The Corporation shall redeem all outstanding Shares of Senior Preferred Stock on the 12th anniversary of the date of issuance of such Shares at a price per Share equal to the Liquidation Value thereof (plus all accrued, accumulated and unpaid dividends thereon).
Scheduled Redemptions. Unless all of the Series A Preferred Stock has been converted to Common Stock pursuant to Section 5, the Corporation may, but is not obligated to, redeem all shares of then outstanding Series A Preferred Stock within the one year anniversary of the issuance date. Any holder of shares of Series A Preferred Stock may, in its sole discretion, (a) accept or reject any redemption offer, provided however, in the event that the holder of a Series A Preferred Stock rejects the redemption offer, such holder must convert their Series A Preferred Stock into Common Stock at the Conversion Rate set forth below.
Scheduled Redemptions. The Corporation may, but is not obligated to, redeem all shares of then outstanding Series A Preferred Stock within the one year anniversary of the issuance date. Any holder of shares of Series B Preferred Stock may, in its sole discretion, (a) accept or reject any redemption offer, provided however, in the event that the holder of a Series B Preferred Stock rejects the redemption offer, such holder must convert their Series B Preferred Stock into Common Stock at the Conversion Rate set forth below.
Scheduled Redemptions. On each Scheduled Redemption Date set forth on Annex A (or, if such day is not a Business Day, on the next succeeding Business Day) on which any shares of Series B remain outstanding, the Corporation shall redeem, pro rata from each Holder based on the total number of shares of Series B held by such Holder, an aggregate number of shares of Series B equal to the scheduled redemption amount set forth on Annex A hereto (the “Scheduled Redemption Amount”) with respect to such Scheduled Redemption Date divided by the Stated Amount thereof, for a per share price equal to the Stated Amount; provided, that the Corporation shall not be obligated to redeem the shares of Series B on a Scheduled Redemption Date if, as of such date, (i) the Consolidated EBITDA measured as of the end of the most recently completed fiscal year is less than $425,000,000 (the “EBITDA Threshold Requirement”) or (ii) the Corporation does not have sufficient funds legally available to pay the applicable Scheduled Redemption Amount when due. Any shares of Series B which the Corporation has not redeemed on a Scheduled Redemption Date pursuant to the proviso of the foregoing sentence or the following sentence (“Deferred Shares”) shall, subject to the terms of this Section 8, be redeemed in equal installments on the subsequent two Scheduled Redemption Dates following the Scheduled Redemption Date on which such shares were scheduled to be redeemed in accordance with Annex A for a per share price equal to the Stated Amount (such delayed redemption, a “Deferral”, and such initial deferred payment schedule, the “Initial Deferral Payment Schedule”). Notwithstanding anything else herein to the contrary: (i) all Deferred Shares outstanding as of April 30, 2030 shall be redeemed on April 30, 2030 (and shall not be subject to any further deferral at that time); (ii) if (x) as of any Scheduled Redemption Date the Corporation does not have sufficient funds legally available to redeem all Deferred Shares in accordance with the Initial Deferral Payment Schedule or (y) the difference between the Consolidated EBITDA measured as of the end of the most recent completed fiscal year prior to the applicable payment date for such Deferred Shares and $425,000,000 (the “EBITDA Margin”) is less than the amount of redemption payments that would otherwise be payable by the Corporation with respect to such Deferred Shares, the Corporation shall redeem a number of Deferred Shares equal to the lesser of (A) the maximum amoun...
Scheduled Redemptions. The Corporation shall redeem thirty three and one-third percent (33 1/3%) of the then-outstanding shares of Series A Preferred on the sixth anniversary of the first date of issuance of any shares of Series A Preferred (such initial issuance date, the "Original Series A Issue Date"), shall redeem fifty percent (50%) of the then-outstanding shares of Series A Preferred on the seventh anniversary of the Original Series A Issue Date and shall redeem all remaining shares of Series A Preferred on the eighth anniversary of the Original Series A Issue Date (such redemption dates, the "Scheduled Redemption Dates"), at a price per share equal to the Series A Liquidation Value.
Scheduled Redemptions. The Corporation shall redeem thirty three and one-third percent (33%) of the then-outstanding shares of each of the Series A Preferred and the Series B Preferred on January 26, 2005, shall redeem fifty percent (50%) of the then-outstanding shares of each of the Series A Preferred and the Series B Preferred on January 26, 2006 and shall redeem all remaining shares of the Series A Preferred and the Series B Preferred on January 26, 2007 (the "Scheduled Redemption Dates"), at a price per share equal to the Series A Liquidation Value or the Series B Liquidation Value, respectively.
Scheduled Redemptions. (i) At any time on and after the third anniversary of the date of issuance of this Note, at the option of the holder of this Note, the Company shall redeem the aggregate principal amount of such Note designated by such holder at a price equal to the Optional Redemption Price (plus accrued and unpaid interest thereon), and (ii) at any time following the date of issuance of this Note, and prior to the third anniversary thereof, at the option of the Company, the Company may redeem all or a part of the outstanding aggregate principal amount of the Notes at a price equal to the Optional Redemption Price (plus accrued and unpaid interest thereon); provided, that the Company must redeem (A) at least $1,000,000 aggregate principal amount of the Notes outstanding and (B) the Notes pro rata among the holders of the Notes based upon the aggregate principal amount of the Notes held by each such holder to exercise its option hereunder. Notwithstanding the foregoing, if at any time following the date of issuance of this Note, the Company fails to perform or observe Section 8.2(j) of the Purchase Agreement, at the option of the holder of this Note, the Company shall redeem the aggregate principal amount of such Note designated by such holder at a price equal to the Optional Redemption Price (plus accrued and unpaid interest thereon).
Scheduled Redemptions. The Trust shall redeem the Preferred Securities in three scheduled installments each of which, when paid to the Holders, shall reduce the Liquidation Preference of each share of Preferred Securities by the Redemption Amount then paid (the "Scheduled Redemptions"). The Scheduled Redemptions shall be made on the dates and in the amounts set forth below with respect to each share of Preferred Securities; provided that, upon any partial Unscheduled Redemption of the Preferred Securities pursuant to Section 4.2(b), the Scheduled Redemptions becoming due under this Section 4.2(a) on or after the date of such Unscheduled Redemption shall be reduced in the same proportion as the Liquidation Preference of the Preferred Securities is reduced as a result of such Unscheduled Redemption: AGGREGATE SCHEDULED REDEMPTION DATE REDEMPTION AMOUNT August 20, 2009 $5,000,000 August 20, 2010 $5,000,000 August 20, 2011 $5,000,000 The Trust will not redeem the Common Securities pursuant to the provisions of this Section 4.2(a) prior to the last Scheduled Redemption Date. The Trust shall redeem the Common Securities in full on the last Scheduled Redemption Date only after the Preferred Securities are redeemed in full as provided in this Section 4.2. The payment of each Redemption Amount shall be made together with accumulated and unpaid Distributions payable on such date.
