Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by deleting the sentence at the end of the first paragraph which states "Provided, however, there be no semi-annual principal payment due September 30, 2002 or March 30, 2003, i) a semi-annual principal payment of $226,073 shall be due September 30, 2003, ii) a semi-annual principal payment of $452,146 shall be due on March 30, 2004, and iii) commencing on September 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $226,073." and inserting in lieu therefore the following: "commencing on March 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $232,022." Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated June 23, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company the former, Indenture Trustee, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.
Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by the addition of the following sentence at the end of the first paragraph: Provided, however, there be no semi-annual principal payment due September 30, 2002 and commencing March 30, 2003 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $226,073. Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated June 23, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.
Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by the addition of the following sentence at the end of the first paragraph: Provided, however, the semi-annual principal payments due September 30, 2001 and March 30, 2002 shall be due, respectively, on September 30, 2002 and March 30, 2003. Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated December 4, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.
Certain Redemptions. (a) The Company may at any time prior to the Maturity Date redeem from time to time not less than $1,000,000 of the then outstanding principal under the Notes (or such lesser amount then outstanding) for the Redemption Price (as hereinafter defined) in accordance with the procedures set forth in this Section 3.
Certain Redemptions. If a Physical Settlement or Combination Settlement under Section 9 or Section 10 of the Certificate of Designations would result in the issuance to the Purchaser Parties and their Affiliates of five percent (5.0%) or more, but less than ten percent (10.0%), of the outstanding shares of Common Stock of the Company as of the relevant Redemption Date (after giving effect to such issuance), then in addition to the settlement of the Redemption Price for each redeemed Share of Series A Preferred Stock from the Purchaser Parties and their Affiliates, the Company shall pay to the Purchaser Parties an aggregate amount of cash (the “Additional Amount”) equal to the Applicable Percentage (as defined below) multiplied by the aggregate Redemption Price to be paid to the Purchaser Parties and their Affiliates (such payment to be made pro rata among the Purchaser Parties and their Affiliates based on the number of shares
Certain Redemptions. Notwithstanding any provisions hereof to the contrary, in the event that a Member determines in its sole discretion that (i) the holding of any rights, interests or obligations with respect to the Company or the Units held by such Member will or could be unlawful or a breach of any applicable banking Law or any other applicable Law, whether U.S. or foreign, or (ii) there has been, is, or could be, an act, matter, event or circumstance related to the Company that results in or could result in damage to the reputation of such Member or any of its Affiliates, upon prior written notice to the Company, such Member shall have the right to: (x) sell or assign all or any portion of its rights, interests and obligations with respect to the Company or the Units held by such Member to a Person on such terms (including as to price) as determined by such Member, provided that such sale or assignment is made in compliance with the applicable provisions of this Article IX (including, for the avoidance of doubt, Section 9.4, Section 9.5 and Section 9.6); or (y) require the Company to repurchase its rights, interests and obligations with respect to the Company or the Units held by such Member for $1.00.
Certain Redemptions. If Borrower is required to purchase or redeem any of the Senior Notes or Qualifying Subordinated Indebtedness pursuant to a "Net Worth Offer" or "Change in Control Offer" made pursuant to the indentures for such Indebtedness.
Certain Redemptions. 3 (a) Mandatory Sinking Fund Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 (b) [Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 (c) Optional Redemptions of Bonds at Premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ------------------
Certain Redemptions. 3 (a) Mandatory Sinking Fund Redemptions..................................... 3 (b) [Reserved.............................................................. 3 (c) Optional Redemptions of Bonds at Premium............................... 4 ------------------
Certain Redemptions. Article Fourth of the Special Provisions of the Indenture is restated in its entirety as follows:
