Issuer Redemption Clause Samples
Issuer Redemption. If holder of the Preferred Shares chooses not to or fails to elect to convert the Preferred Shares to Ordinary Shares upon the Conversion Outside Date, the Issuer shall choose to either (i) redeem the outstanding Preferred Shares at a price equal to the accrued but unpaid dividends of such Preferred Shares and 110% of the subscription price of such Preferred Shares in cash (the “Redemption Consideration”), or (ii) to issue such number of Ordinary Shares of the Issuer as calculated by dividing the Redemption Consideration by the lower of: (x) the Conversion Price, and (y) the volume-weighted average price of the Issuer during the 20 trading day period before the Conversion Outside Date.
Issuer Redemption. Pursuant to the terms of this Section 10, Issuer (x) shall redeem all but not less than all of the unpaid Principal Amount of this Note, together with all unpaid accrued interest hereon and all other amounts due hereunder through such redemption date (the "Redemption Amount"), if any of the following events occurs:
(i) any dissolution, liquidation or winding up of Issuer ("Dissolution Event"); or
(ii) (A) a merger in which the Issuer is not the surviving entity and pursuant to which the Issuer's shareholders prior to the merger hold less than a majority of the outstanding equity securities of the surviving entity following the merger or (B) sale of all of substantially all of the assets of Issuer; and (y) at any time prior to the Maturity Date (except as set forth in clause (x) above), with the written consent of Noteholders representing a majority-in-interest of the then outstanding Notes, which Noteholders shall include Generation Capital Associates and Alexandra Global Master Fund Ltd., Issuer may redeem all or any portion of the unpaid Principal Amount of this Note, together with all unpaid accrued interest hereon and all amounts due hereunder through such redemption date, which Redemption Amount, in the cases of clauses (x) and (y) of this Section 10, shall be distributed ratably among each holder of the Notes so that each Noteholder receives that portion of the Redemption Amount available for distribution as the Principal Amount of this Note bears to the aggregate principal amount of all Notes then outstanding.
Issuer Redemption. At the option of the Company, in whole or in part, on or after July 20, 2012 Investor Puts: Cash put at 100% of principal amount plus accrued and unpaid interest on each of July 15, 2012, 2017, 2022, 2027 and 2032 Coupon: 7.250% Interest Payment Dates: January 15 and July 15, commencing January 15, 2008.
Issuer Redemption. Notwithstanding any other provision contained herein to the contrary, at any time from the Effectiveness Date (as defined in the Registration Rights Agreement) through the Maturity Date, the Issuer may redeem, in whole or in part (in a single or series of transactions), all or any portion (but not less than twenty-five (25%) percent of the original principal amount of the Debentures in any individual Redemption Notice (as defined herein)) (the "REDEMPTION AMOUNT") by paying to the Holder the Redemption Price. The election to exercise its right to redeem must be by notice in writing ("REDEMPTION NOTICE"), which Redemption Notice shall contain Evidence of Requisite Funds. The Redemption Notice shall specify the date for such optional redemption (the "REDEMPTION PAYMENT DATE"), which date shall be not less than 15 nor more than 20 Trading Days after delivery of the Redemption Notice. The Holder's right to convert the principal amount of this Debenture pursuant to Section 4.1, with respect to the Redemption Amount, shall terminate five calendar days following the date of receipt of the Redemption Notice. On the Redemption Payment Date, the Issuer shall pay the Redemption Price to the Holders. In the event the Issuer fails to pay the Redemption Price on the Redemption Payment Date as set forth herein, then such Redemption Notice shall be null and void. "REDEMPTION PRICE" shall mean: (A) the sum of: (i) the Redemption Amount, (ii) accrued but unpaid interest thereon through the Redemption Payment Date, (iii) the unpaid interest payments thereon, not yet accrued, but that would be payable thereon through the Maturity Date had the Redemption Amount been paid on the Maturity Date, and (iv) all liquidated damages and other