Cleanup Redemption Sample Clauses

Cleanup Redemption. (a) The Company may redeem for cash all but not part of the Notes at any time, on a Redemption Date before the 42nd Scheduled Trading Day immediately preceding the Maturity Date, if less than US$100 million aggregate principal amount of Notes remains outstanding at such time (such redemption, a “Cleanup Redemption”).
AutoNDA by SimpleDocs
Cleanup Redemption. (a) The Company may redeem (a “Cleanup Redemption”) for cash all (but not less than all) of the Notes at any time if less than $80 million aggregate principal amount of Notes remains Outstanding at such time, at the Redemption Price.
Cleanup Redemption. Section 16.01.
Cleanup Redemption. No sinking fund is provided for the Notes. After the last day of any Make-Whole Fundamental Change Period in respect of any transaction that is both a Fundamental Change and a Make-Whole Fundamental Change (in each case, pursuant to clause (b)(C) of the definition thereof) and prior to the 55th Scheduled Trading Day preceding the Maturity Date, the Company may redeem, at its option, (an “Cleanup Redemption”), for cash, all (but not less than all) of the Notes if less than $10,000,000 aggregate principal amount of Notes remains outstanding at such time, at the Redemption Price.

Related to Cleanup Redemption

  • Optional Redemption Except as set forth below, the Issuer shall not be entitled to redeem the Securities. On and after May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed in percentages of principal amount on the redemption date), plus accrued interest to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on May 15 of the years set forth below: Period Redemption Price 2017 105.156 % 2018 103.438 % 2019 101.719 % 2020 and thereafter 100.000 % In addition, at any time prior to May 15, 2017, the Issuer shall be entitled at its option on one or more occasions to redeem Securities (which includes Additional Securities, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Securities (which includes Additional Securities, if any) issued prior to such date at a redemption price (expressed as a percentage of principal amount) of 106.875%, plus accrued and unpaid interest to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), with an amount not to exceed the net cash proceeds from one or more Equity Offerings; provided, however, that (1) at least 65% of such aggregate principal amount of Securities (which includes Additional Securities, if any) remains outstanding immediately after the occurrence of each such redemption (with Securities held, directly or indirectly, by the Issuer or its Affiliates being deemed to be not outstanding for purposes of such calculation); and (2) notice of such redemption has been given within 90 days after the date of the related Equity Offering. Prior to May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities at a redemption price equal to 100% of the principal amount of the Securities plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date).

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.

Time is Money Join Law Insider Premium to draft better contracts faster.