Common use of Early Redemption Clause in Contracts

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: Optional Redemption Dates Redemption Prices June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 %

Appears in 1 contract

Samples: Supplemental Guarantee Agreement (Reliant Energy Inc)

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Early Redemption. The Company and the Subsidiary Guarantors agree that, notwithstanding the terms of the Series 2002B 2004A Bonds, (1) the Company and the Subsidiary Guarantors will cause the Series 2002B 2004A Bonds not to be redeemed before June 1, 2011 and (2) upon any optional redemption of the Series 2002B 2001A 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 2004A 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 2004A Bonds during the periods set forth below: Optional Redemption Dates Redemption Prices June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 %

Appears in 1 contract

Samples: Third Supplemental Guarantee Agreement (Reliant Energy Inc)

Early Redemption. The Company and the Subsidiary Guarantors agree that, notwithstanding the terms of the Series 2002B 2002A Bonds, (1) the Company and the Subsidiary Guarantors will cause the Series 2002B 2002A Bonds not to be redeemed before June 1, 2011 and (2) upon any optional redemption of the Series 2002B 2002A 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 2002A 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 2002A Bonds during the periods set forth below: Optional Redemption Dates Redemption Prices June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 %

Appears in 1 contract

Samples: Supplemental Guarantee Agreement (Reliant Energy Inc)

Early Redemption. The Company and the Subsidiary Guarantors agree that, notwithstanding the terms of the Series 2002B 2003A Bonds, (1) the Company and the Subsidiary Guarantors will cause the Series 2002B 2003A Bonds not to be redeemed before June 1, 2011 and (2) upon any optional redemption of the Series 2002B 2003A 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 2003A 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 2003A Bonds during the periods set forth below: Optional Redemption Dates Redemption Prices June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 %

Appears in 1 contract

Samples: Second Supplemental Guarantee Agreement (Reliant Energy Inc)

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Early Redemption. The Company and the Subsidiary Guarantors agree that, notwithstanding the terms of the Series 2002B 2001A Bonds, (1) the Company and the Subsidiary Guarantors will cause the Series 2002B 2001A Bonds not to be redeemed before June 1, 2011 and (2) upon any optional redemption of the Series 2002B 2001A 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 2001A 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 2001A Bonds during the periods set forth below: Optional Redemption Dates Redemption Prices June 1, 2011 through May 31, 2012 103 % June 1, 2012 through May 31, 2013 102 % June 1, 2013 through May 31, 2014 101 %

Appears in 1 contract

Samples: Supplemental Guarantee Agreement (Reliant Energy Inc)

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