Common use of Option to Redeem Clause in Contracts

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 "

Appears in 3 contracts

Samples: Worldpages Com Inc, Worldpages Com Inc, Worldpages Com Inc

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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) Price by providing an irrevocable, written notice (the "Redemption NoticeREDEMPTION NOTICE") to the Holder. The Redemption Notice shall indicate that the Company seeks to redeem the Debenture and Debenture, shall set the date for the Company's redemption of the Debenture, Debenture (which date shall be within 20 Trading Days of the closing of the Reset Pricing Period. The ") and may state that such redemption shall be conditional upon the relevant Reset resulting in the Conversion Price

Appears in 1 contract

Samples: Appliedtheory Corp

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