Option to Redeem. (a) At least five Trading Days prior to the commencement of a Reset Pricing Period, the Company may state its intention to redeem all, but not less than all, of the Debentures (all or none) for a cash price equal to the applicable "Redemption Price" (as defined below) by providing an irrevocable, written notice (the "Redemption Notice") to the Holder. The Redemption Notice shall indicate that the Company seeks to redeem the Debenture and shall set the date for the Company's redemption of the Debenture, which date shall be within 20 Trading Days of the closing of the Reset Pricing Period. The "
Option to Redeem. Within ten (10) days after Owner’s receipt of any notice of default from a Mortgagee or any applicable governmental entity or home owner’s association, the Owner shall give written notice of such default to the Town and SCHA. In the event of any such foreclosure of a First Mortgage or other lien, the Town or its authorized designee shall be entitled to receive notice of the foreclosure proceedings as is required by law to be given by the public trustee or the sheriff, as applicable, to lienors of a Restricted Unit that are junior to the First Mortgage (as provided in C.R.S. §00-00-000 et seq., or any successor statute). The Town shall have a right of redemption, purchase, and such other rights as a lienor and holder of a deed of trust in foreclosure, as its interest appears, in accordance with Colorado law governing foreclosure.
Option to Redeem. (a) In the event that the Holder seeks to convert all or part of its Debentures pursuant to Section 5(c) above and the Company has not defaulted on any of its redemption obligations hereunder, the Company may force the Holder to instead surrender such Debentures (unless the Holder elects to effect delivery of this Debenture
Option to Redeem. The Borrowers may, on providing at least sixty (60) days prior written notice to the Administrative Agent, redeem a portion of the Notes then outstanding (in whole number multiples of $100,000 only) at a redemption price, in cash, which is equal to the then principal amount of the Notes to be redeemed, plus all accrued and unpaid interest, plus the Acquisition Notes Redemption Fee (if applicable), together with all other amounts owing to Administrative Agent or any Noteholder under or in connection with this Agreement and the Notes; provided, that the Borrowers may not redeem the Acquisition Notes until after the first anniversary of the date of this Agreement.
Option to Redeem. In the event that any Limited Partner fails to make any Subsequent Contribution with respect to its Initial Capital Contribution relating to any Unit acquired by such Limited Partner, such Limited Partner (a "Defaulting Limited Partner") hereby grants the Partnership an option (an "Option") on the terms and conditions set forth below and further subject to Paragraphs 5.3 and 8.1(k), to redeem all or any part of the Units of such Limited Partner and to cancel all of its rights hereunder at any time after December 15, 1988, and prior to March 15, 1989.. Any Option is subject to the following terms and conditions: (a) such Option shall not be effective unless and until such Defaulting Limited Partner has been sent written notice of its failure to pay its Subsequent Contribution when due under the applicable Non-Interest Bearing Note of such Limited Partner and full payment has not been made within five (5) Business Days after the sending of such notice; (b) subject to the rights, if any, of Prudential Interfunding Corp., or its assignees,. such Option shall be exercised by the Partnership delivering written notice of exercise to such Defaulting Limited Partner together with the return to such Partner of such defaulted Non-Interest Bearing Note ("Defaulted Note") together with any Early Contribution related thereto other than any such Early Contribution or portion thereof which in the sole discretion of the Managing Partner is applied to the purchase of any Units not redeemed or is necessary to be withheld as damages resulting from the failure to pay such Defaulted Note (or, if only a portion of the Units owned by such Defaulting Limited Partner is redeemed, with a further notice specifying that the principal amount of such Defaulted Note has been reduced by the product of $25,000 multiplied by the number of Units with respect to which the Option is being exercised); (c) such Option may be exercised in one or more installments; (d) such Limited Partner hereby appoints the General Partner its true and lawful attorney in fact to execute any documents required to be executed on its behalf to transfer all or part of its Units to the Partnership pursuant to such Option and the foregoing terms and conditions; and (e) the Partnership is under no obligation to exercise such Option, and it and/or any of its creditors who may acquire a security interest in, or ownership of, the Non-Interest Bearing Notes, remain free to pursue any other legal or equitable remedies avail...
Option to Redeem. At any time after commencement of the Exercise Period, the Company may, at its option, elect to redeem all (but not part) of this Warrant at $.10 (subject to adjustment in the same manner as provided in Section 4) per Warrant provided that the average closing price of the Common Stock over 30 consecutive business days exceeded $15.60 per share (subject to adjustment as provided in Section 4). For purposes of this Section 6, "closing price" shall mean the closing price per share of Common Stock on the American Stock Exchange or, if not then listed or traded thereon, on the closing price on the principal exchange or system on which the Common Stock is then listed or traded, or, if not then listed or traded on such exchange or system, the mean of the closing bid and asked prices on an automated quotation system. If the Common Stock is not so traded or listed during such 30-day period, the Company may not exercise its rights under this Section 6 to redeem the Warrant.
Option to Redeem. The Company may, on providing at least ninety (90) days prior written notice to the Administrative Agent, redeem all but not less than all of the Notes then outstanding at a redemption price, in cash, which is equal to the then principal amount of the Notes to be redeemed, plus all accrued and unpaid interest, plus the Redemption Fee, together with all other amounts owing to Administrative Agent or any Noteholder under or in connection with this Agreement and the Notes.
Option to Redeem. If the Promissory Note, dated January 27, 1999, signed by the Corporation in favor of DGJ, L.L.C. is has been retired in its entirety, the Corporation, at its option, may elect to redeem all or a portion of the outstanding shares of Series C Preferred Stock, at a price of $100.00 plus accrued interest at a rate of six percent (6%) per annum commencing on January 27, 1999 for all designated shares (the "Redemption Price") on not less than 30 nor more than 60 days' written notice. In the event the Corporation elects to effect a partial redemption of the Series C Preferred Stock, the Corporation, at its option, may effect such redemption pro rata from all holders of the Series C Preferred Stock, by lot, or based on criteria the Corporation deems appropriate in its sole discretion, as designated by the Corporation's Board of Directors.
