Early Redemption Clause Samples

Early Redemption. The Original Notes are subject to early redemption by the Issuer as set forth in Article III of the Debt Agreement. If the Issuer elects to exercise its early redemption option with respect to the Original Notes, the Issuer shall give written notice by an Authorized Officer of its intention to exercise such option to the Global Agent of the principal amount of the Original Notes to be so redeemed in accordance with the Terms applicable to such Note. At the request of the Issuer, the Global Agent shall cause notice of redemption to be given to the Holders of Original Notes (and MAC Notes representing interests in the Exchangeable Notes) in accordance with the notice requirements set forth in the Debt Agreement in the name of and at the expense of Issuer.

Early Redemption. (i) At the request of Parent (and in consultation with the Company) at any time following the satisfaction of the conditions precedent set forth in Section 6.1(a) and Section 6.1(b), the Company shall, with respect to any outstanding series of Exchangeable Debentures and the Exchangeable Debentures Indenture relating thereto: (1) (x) as promptly as practicable (and in any event within ten (10) Business Days thereafter), unless the Company reasonably determines that it does not have aggregate LBC Available Liquidity (it being understood and agreed that Parent shall be entitled to repurchase additional shares of Parent Common Stock to enable the Company to satisfy its obligations contemplated by this clause (1) (provided that, for the avoidance of doubt, any such repurchase shall not result in the pro forma Equity Interests (as defined in the Stockholders and Letter Agreement Amendment) of the shares of Parent Common Stock then owned by the Company being less than 25.25% after giving effect to such repurchase of shares from the Company)) and/or availability under any Parent Loan Facility (as of the date the notice of redemption is delivered) sufficient in the reasonable judgment of the Company to meet the applicable redemption or reasonably expected exchange obligation under the applicable Exchangeable Debenture Indenture (as set forth in an officer’s certificate delivered to Parent with reasonably detailed calculations thereof), execute and deliver to the trustee and holders a notice of redemption (in form and substance reasonably satisfactory to Parent) in accordance with such Exchangeable Debentures Indenture and the applicable series of Exchangeable Debentures pursuant to which such Exchangeable Debentures are irrevocably called for redemption pursuant to Section 11.12(a) (or, solely to the extent permitted by such Exchangeable Debentures Indenture at such time, Section 11.16(a)) of such Exchangeable Debentures Indenture, as applicable, on the thirtieth (30th) day (or such later date permitted by such Exchangeable Debentures Indenture as may be agreed by the Parent and the Company) after the date such notice of redemption is delivered and (y) take all actions necessary to cause such Exchangeable Debentures to be redeemed in full in cash on such redemption date (or, in the event any such Exchangeable Debentures are exchanged following delivery of such notice of redemption, take all actions necessary to settle any exchange obligation (including any premium...

Early Redemption. 10.1 If an Issuer intends (other than consequent upon an Event of Default) to redeem all or any of the Instruments prior to their stated maturity date it shall not less than 15 days prior to the latest date for the publication of the notice of redemption required to be given to the holders of any Instruments, give notice of such intention to the Fiscal Agent or, in the case of Registered Instruments, the Registrar (copied to the Fiscal Agent) stating the date on which such Instruments are to be redeemed. 10.2 In respect of any Instruments to which Condition 6.06 applies or which carries any other right of redemption at the option of the holders of such Instruments, the relevant Issuer will provide the Paying Agents or, in the case of Registered Instruments, the Registrar with copies of the form of the current redemption notice and the Paying Agents or, as the case may be, the Registrar will make available forms of the current redemption notice to holders of Instruments upon request during usual business hours at their respective specified offices. Upon receipt of any Instrument deposited in the exercise of such option, the Paying Agent or, in the case of Registered Instruments, the Registrar with which such Instrument is deposited shall hold such Instrument (together with, in the case of a Definitive Instrument, any Coupons relating to it deposited with it) on behalf of the depositing holder of such Instrument (but shall not, save as provided below, release it) until the due date for redemption of the relevant Instrument consequent upon the exercise of such option, when, subject as provided below, it shall present such Instrument (and any such Coupons) to itself for payment in accordance with the terms and conditions of the relevant Instruments and shall pay such moneys in accordance with the directions of the holder of the Instrument contained in the relevant redemption notice. If, prior to such due date for its redemption, such Instrument becomes immediately due and payable by reason of an Event of Default or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned or, as the case may be, the Registrar shall without prejudice to the exercise of such option mail such Instrument (together with any such Coupons) by uninsured post to, and at the risk of, the holder of the relevant Instrument at such address as may have been given by such holder in the relevant redemption notice. 10.3 At the end ...

Early Redemption. Prior to the Warrant Maturity Date, provided that no Trigger Event has occurred, the Company will have the right at any time upon 30 Trading Days’ prior written notice, in its sole and absolute discretion, to redeem all or any portion of this Warrant then outstanding by paying Investor in cash an amount (the “Early Redemption Price”) equal to the sum of the following: (a) 100% of the Purchase Price for such unexercised portion of this Warrant, plus (b) the Conversion Premium thereon, minus (c) any Premium thereon that has been paid.

Early Redemption. Prior to redemption pursuant to Section 6(a) hereof, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A Preferred Stock, at a price per share equal to: (i) 127% of the Series A Liquidation Value if redeemed on or after the first anniversary but prior to the second anniversary of the initial Issuance Date, (ii) 118% of the Series A Liquidation Value if redeemed on or after the second anniversary but prior to the third anniversary of the initial Issuance Date, and (iii) 109% of the Series A Liquidation Value if redeemed on or after the third anniversary but prior to the fourth anniversary of the initial Issuance Date.

Early Redemption give in accordance with Condition 5 notice to the Trustee of the Issuer's intention to redeem the Notes pursuant to Condition 5 and duly proceed to redeem such Notes accordingly;

Early Redemption. The Company and the Subsidiary Guarantors agree that, notwithstanding the terms of the Series 2002B Bonds, (1) the Company and the Subsidiary Guarantors will cause the Series 2002B Bonds not to be redeemed before June 1, 2011 and (2) upon any optional redemption of the Series 2002B Bonds during the period beginning June 1, 2011 and ending May 31, 2014, the Company and the Subsidiary Guarantors will cause an additional amount to be paid to the Holders of the Series 2002B Bonds being redeemed such that the aggregate amount received by such Holders upon redemption is equal to the amounts expressed as a percentage of principal amount set forth below (plus accrued interest, if any, to the redemption date) for a redemption of the Series 2002B Bonds during the periods set forth below: June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 % (g) The following Subsection (h) is added to Section 10.06: (h) Notwithstanding anything herein to the contrary, the Company agrees that, without the prior consent of the holders of at least a majority in aggregate principal amount of the Guarantee Obligations with respect to each Series of Bonds, the Collateral Trustee’s Liens in the Equity Interests of RERH Holdings, LLC (or its successor) or, if any, in all or substantially all of the assets of RERH Holdings, LLC and its Subsidiaries (or their successors) (the “Retail Assets”) or in all or substantially all of the Company and its Subsidiaries’ (other than RERH Holdings, LLC and its Subsidiaries’ (or their successors)) assets, including Equity Interests (the “Wholesale Assets”) may not be released, except no such consent shall be required (i) in the case of an Asset Sale of the Equity Interests of RERH Holdings, LLC (or its successor), the Retail Assets or the Wholesale Assets or (ii) on and after the date on which, as of the last day of two consecutive Fiscal Quarters, both (A) the Consolidated Leverage Ratio for the applicable immediately preceding four Fiscal Quarters was 2.75:1 or less and (B) the Consolidated Interest Coverage Ratio for the applicable immediately preceding four Fiscal Quarters was 3.25:1 or more (the “Ratio Test”). The Company agrees to file a current report on Form 8-K with the SEC showing the calculation of the Ratio Test within 60 days (or 90 days if end of the period is also the end of a fiscal year) (i) after the end of first four-quarter period in which it meets the Ratio Test and for ...

Early Redemption the Investor may redeem the note at any time before the Maturity Date, by accepting 90% of the partial or full outstanding principal and giving the Company not less than 30 days’ written notice stating the redemption amount and wiring information to the Company. During the written notice period, the Note still carries interest and the Company is obliged to pay the interest charge on monthly basis. If the partial redemption takes place, the interest charge will be accrued pursuant to the Outstanding Balance of the Note.

Early Redemption. The Company shall, subject to the prior consent of the Applicable Regulator, redeem this Surplus Note, in full or in part, prior to the Maturity Date, in accordance with the provisions below. If the Reference Notes are to be repurchased, in whole or in part, due to an Optional Call or a Fundamental Change, the Company shall use its reasonable best efforts to obtain the consent of the Applicable Regulator to redeem the Repurchase Redemption Portion of this Surplus Note prior to the applicable Repurchase Date, or as soon as reasonably practicable thereafter, in an amount not to exceed the applicable Repurchase Redemption Price. Following receipt of consent of the Applicable Regulator, on the Business Day prior to the applicable Repurchase Date (the “Repurchase Redemption Date”), the Company shall redeem the Repurchase Redemption Portion of this Surplus Note for an amount (the “Repurchase Redemption Price”) equal to the applicable Repurchase Amount, or such lesser amount approved by the Applicable Regulator, and shall in addition pay to the Holder all unpaid interest in respect of such redeemed amount accruing from (and including) the immediately preceding Interest Payment Date through, but excluding, such Repurchase Redemption Date. If the Applicable Regulator does not approve such redemption, or approves payment of a lesser amount, then the Company shall pay to the Holder the amount so approved and the Repurchase Redemption Portion of this Surplus Note shall remain outstanding and unredeemed to the extent of such unapproved amount and interest shall continue to accrue and be due and payable thereon on each Interest Payment Date following the Repurchase Redemption Date, and the Company shall use its reasonable best efforts to obtain the consent of the Applicable Regulator to redeem the unapproved amount as soon as reasonably practicable following the Repurchase Redemption Date. The portion of this Surplus Note not so redeemed shall remain outstanding and continue to accrue interest in accordance with the terms and conditions herein. Following the occurrence of a Material Conversion, the Company shall use its reasonable best efforts to obtain the consent of the Applicable Regulator to redeem the Conversion Redemption Portion of this Surplus Note in an amount not to exceed the Conversion Redemption Price. Following receipt of consent of the Applicable Regulator, on the Conversion Redemption Date, the Company shall redeem the Conversion Redemption Portion of th...