Common use of 2029 Notes Clause in Contracts

2029 Notes. (i) Prior to June 22, 2029 (the date that is three months prior to the scheduled maturity date) (the “2029 Notes Par Call Date”), the Company may redeem the 2029 Notes in whole or in part, at its option, at a redemption price equal to the greater of (1) 100% of the principal amount of the 2029 Notes to be redeemed or (2) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted (assuming that the 2029 Notes matured on the 2029 Notes Par Call Date) to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the Global Notes representing the 2029 Notes attached hereto as Exhibit B) for the 2029 Notes to be redeemed plus 15 basis points, plus accrued and unpaid interest on the principal amount of the 2029 Notes to, but not including, the date of redemption and (ii) on or after the 2029 Notes Par Call Date, the Company may redeem the 2029 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. The Trustee shall not be responsible for calculating any “make-whole” premium and the make-whole amount shall be provided by the Company.

Appears in 1 contract

Sources: Third Supplemental Indenture (Mondelez International, Inc.)

2029 Notes. (i) Prior to June 22At any time before December 15, 2029 (the date that is three months prior to the scheduled maturity date) 2028 (the “2029 Notes Par Call Date”), the Company Issuer may redeem the 2029 Notes in whole or in part, at its option, part at a redemption price Redemption Price equal to the greater of of: (1i) 100% of the principal amount of the 2029 Notes to be redeemed or being redeemed; and (2ii) the sum of the present values of each the remaining scheduled payment payments of principal and interest thereon in respect of the 2029 Notes being redeemed that would be due if the 2029 Notes being redeemed matured on the 2029 Par Call Date (exclusive of interest accrued to the date of redemption) discounted (Redemption Date and assuming that the 2029 Notes matured on maturity date for the 2029 Notes Par Call Dateand the last Interest Payment Date in respect thereof is December 15, 2028) discounted to the Redemption Date on an a semi-annual basis (ACTUAL/ACTUAL (ICMA)assuming 360-day year consisting of twelve 30-day months) at the applicable Comparable Government Bond Treasury Rate (as defined in the Global Notes representing the 2029 Notes attached hereto as Exhibit B) for the 2029 Notes to be redeemed plus 15 30 basis points; plus, plus in each case, accrued and unpaid interest on the principal amount of the 2029 Notes to, but not including, the date of redemption and (ii) Redemption Date. At any time on or after the 2029 Notes Par Call Date, the Company Issuer may redeem the 2029 Notes in whole or in part, at its option, part at a redemption price Redemption Price equal to 100% of their the principal amountamount of the 2029 Notes being redeemed, plus accrued and unpaid interest to, but not including, the date of redemption. The Trustee shall not be responsible for calculating any “make-whole” premium and the make-whole amount shall be provided by the CompanyRedemption Date.

Appears in 1 contract

Sources: First Supplemental Indenture (WestRock Co)