Equity Offering Redemption Clause Samples
The Equity Offering Redemption clause allows a company to redeem, or buy back, certain securities from holders in connection with an equity offering. Typically, this clause specifies the conditions under which redemption can occur, such as timing, price, and the types of securities eligible for redemption, often triggered by the company issuing new shares to raise capital. Its core practical function is to provide the company with flexibility to manage its capital structure and investor base during equity offerings, ensuring it can efficiently respond to market opportunities or regulatory requirements.
Equity Offering Redemption. In the event the Company consummates one or more Equity Offerings on or prior to January 15, 2007, the Company may redeem, in its sole discretion, up to 35% of the aggregate principal amount of the Securities (which includes Additional Securities, if any) with all or a portion of the aggregate net proceeds received by the Company from any such Equity Offering or Equity Offerings at a redemption price of 106.875% of the aggregate principal amount of the Securities so redeemed, plus accrued and unpaid interest on the Securities so redeemed to the redemption date; provided, however, that (i) the date of any such redemption occurs within the 90-day period after the Equity Offering in respect of which such redemption is made and (ii) following each such redemption, at least 65% of the aggregate principal amount of the Securities (which includes Additional Securities, if any) remains outstanding. Any redemption pursuant to this Section 3.08 shall be made, to the extent applicable, pursuant to the provisions of Sections 3.01 through 3.06 hereof.
Equity Offering Redemption. In the event the Company consummates one or more Equity Offerings on or prior to November 1, 1999, the Company may redeem, in its sole discretion, up to 35% of the aggregate principal amount of the Securities with all or a portion of the aggregate net proceeds received by the Company from any such Equity Offering or Equity Offerings at a redemption price of 110.75% of the aggregate principal amount of Securities so redeemed, plus accrued and unpaid interest on the Securities so redeemed to the redemption date; provided, however, that following such redemption, at least 65% of the aggregate principal amount of the Securities remains outstanding. Any redemption pursuant to this Section 3.08 shall be made pursuant to the provisions of Section 3.01 through 3.06 hereof.
Equity Offering Redemption. In the event the Company consummates one or more Equity Offerings on or prior to May 1, 2001, the Company may redeem, in its sole discretion, up to $167,000,000 of the aggregate principal amount of the Securities with all or a portion of the aggregate net proceeds received by the Company from any such Equity Offering or Equity Offerings at a redemption price of 109.625% of the aggregate principal amount of the Securities so redeemed, plus accrued and unpaid interest on the Securities so redeemed to the redemption date; provided, however, that (i) the date of any such redemption occurs within the 90-day period after the Equity Offering in respect of which such redemption Any redemption pursuant to this Section 3.08 shall be made, to the extent applicable, pursuant to the provisions of Sections 3.01 through 3.06 hereof.
Equity Offering Redemption. Notwithstanding the provisions of Section 3.7, prior to April 1, 2001, the Company may redeem up to 30% of the aggregate principal amount of the Securities originally issued at a redemption price of 111.5% of the aggregate principal amount of the Securities so redeemed, plus accrued and unpaid interest and Liquidated Damages, if any, on the Securities so redeemed to the date of redemption, with all or a portion of the aggregate net proceeds received by the Company from one or more Equity Offerings; provided that (i) at least 65% of the aggregate principal amount of the Securities originally issued remains outstanding immediately after the occurrence of each such redemption, and (ii) each such redemption shall occur within 90 days after the date of the closing of each such Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Section 3.1 through 3.6.