Optional Redemption Notice Clause Samples

Optional Redemption Notice. To offer the Holders an Optional Redemption pursuant to Section 5.03(B)(ii), the Company must send (or cause to be sent) to the Holders, the Trustee and the Paying Agent a written notice of such Optional Redemption (an “Optional Redemption Notice”). Such Optional Redemption Notice must state: (1) that the notice is an Optional Redemption Notice; (2) the principal amount to be redeemed, which shall be the full outstanding principal amount; (3) the Redemption Date for such Redemption; (4) the Optional Redemption Price for such Redemption (and, if the Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.03(E)); and (5) the CUSIP and ISIN numbers, if any, of the Notes.

Optional Redemption Notice. Each Optional Redemption Notice shall state: (a) the number of Shares of Series C Preferred Stock held by the holder that the Corporation proposes to redeem on the Optional Redemption Date specified in the Optional Redemption Notice; (b) the date of the closing of the redemption, which pursuant to Section 7.2 shall be no earlier than twenty (20) days and no later than sixty (60) days following circulation by the Corporation of the Optional Redemption Notice (the applicable date, the “Optional Redemption Date” and, together with the Fundamental Change Redemption Date, the “Redemption Dates”), and the Optional Redemption Price; (c) the Conversion Election Date; (d) the current Conversion Price of the Series C Preferred Stock, after giving effect to any adjustments pursuant to Section 8.7 (including, for the avoidance of doubt, any adjustments for a Make-Whole Fundamental Change); and (e) the manner and place designated for surrender by the holder to the Corporation of his, her or its certificate or certificates, if any, representing the Shares of Series C Preferred Stock to be redeemed.

Optional Redemption Notice. Upon delivery of an Optional Redemption Notice, the Optional Redemption Price, together with accrued and unpaid interest thereon through the date of payment thereof (and any other amounts payable thereon under this Indenture and the Notes, including the Make Whole Amount), shall become due and payable on the Optional Redemption Date, subject to the satisfaction of any conditions specified in the applicable Optional Redemption Notice.

Optional Redemption Notice. The Bond shall be subject to optional redemption by the Issuer, at the written direction of the Borrower, in whole or in part (but if in part in the principal amount of $100,000 or integral multiples of $5,000 in excess thereof), on any Interest Payment Date, at a price equal to 100% of the principal amount thereof to be redeemed, together with accrued interest to the date of redemption. The Borrower shall provide the Bank with notice of the date of any optional redemption pursuant to this paragraph and the principal amount of the Bond to be redeemed by first-class mail, postage prepaid, sent at least fifteen (15) days before such redemption date to the Bank at the registered address of the Bank appearing in this Agreement as of the close of business on the Business Day prior to such mailing. On each such redemption date, payment of the redemption price having been made to the Bank as provided herein and in the Bond, the Bond or the portion thereof so called for redemption shall become due and payable on the redemption date and interest shall cease to accrue thereon from and after the redemption date.

Optional Redemption Notice. The Bond shall be subject to optional redemption by the Authority, at the written direction of the Borrower, in whole or in part (but if in part in the principal amount of $100,000 or integral multiples of $5,000 in excess thereof), on the last day of any Interest Period (as defined in the form of Bond attached hereto as Exhibit A), at a price equal to 100% of the principal amount thereof to be redeemed, together with accrued interest to the date of redemption. The Borrower shall provide the Bank with notice of the date of any optional redemption pursuant to this paragraph and the principal amount of the Bond to be redeemed to the Bank at least one (1) Business Day prior to such redemption date to the Bank. On each such redemption date, payment of the redemption price having been made to the Bank as provided herein and in the Bond, the Bond or the portion thereof so called for redemption shall become due and payable on the redemption date and interest shall cease to accrue on such redeemed principal from and after the redemption date. Any amounts applied to an optional redemption shall reduce the mandatory scheduled redemption obligations of the Authority described below in the order selected by the Borrower and approved by the Bank (or in the absence of such approval in inverse order of payment obligations).

Optional Redemption Notice. To call any Notes for Optional Redemption, the Company must (x) send to each Holder of such Notes, the Trustee and the Paying Agent a written notice of such Optional Redemption (an “Optional Redemption Notice”); and (y) substantially contemporaneously therewith, issue a press release through such national newswire service as the Company then uses (or publish the same through such other widely disseminated public medium as the Company then uses, including its website) containing the information set forth in the Optional Redemption Notice. Such Optional Redemption Notice must state: (i) that such Notes have been called for Optional Redemption, briefly describing the Company’s Optional Redemption right under this Indenture; (ii) the Optional Redemption Date for such Optional Redemption; (iii) the Optional Redemption Price per $1,000 principal amount of Notes for such Optional Redemption (and, if the Optional Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.03(F)); (iv) the name and address of the Paying Agent and the Conversion Agent; (v) that Notes called for Optional Redemption may be converted at any time before the Close of Business on the second (2nd) Business Day immediately before the Optional Redemption Date (or, if the Company fails to pay the Optional Redemption Price due on such Optional Redemption Date in full, at any time until such time as the Company pays such Optional Redemption Price in full); (vi) the Conversion Rate in effect on the Optional Redemption Notice Date for such Optional Redemption and a description and quantification of any adjustments to the Conversion Rate that may result from such Optional Redemption (including pursuant to Section 5.07); and (vii) the CUSIP and ISIN numbers, if any, of the Notes. On or before the Optional Redemption Notice Date, the Company will send a copy of such Optional Redemption Notice to the Trustee and the Paying Agent.

Optional Redemption Notice. In order to effect an Optional Redemption hereunder, the Corporation must deliver to the Holder written notice of such Optional Redemption (an "Optional Redemption Notice") on or before 5:00 p.m. (eastern time) on the Business Day immediately following any Trading Day on which the each of the Optional Redemption Conditions is satisfied. The Optional Redemption Date shall occur on a Business Day, as specified in the Optional Redemption Notice, that is at least five (5) Trading Days but no more than ten (10) Trading Days following the date on which the Optional Redemption Notice is delivered to the Holder. In the event that the Corporation delivers an Optional Redemption Notice to the Holder prior to the ninetieth (90th) day following the Tranche A Closing Date, the date on which such notice is delivered to the Holder shall be deemed to be the Initial Conversion Date for purposes of this Debenture, and the Holder shall have the right to convert this Debenture from and after such date.

Optional Redemption Notice. The Corporation shall give notice of any optional redemption by mail, postage prepaid less than 15 days not more than 60 days, other than in the case of the Series B Preferred Shares issued on the Original Issue Date, in which the Corporation shall give notice of any optional redemption no less than two days, before the scheduled Optional Redemption Date, to the Holders of record (as of the 5:00 p.m. New York City time on the Business Day next preceding the day on which notice is given) of any Series B Preferred Shares to be redeemed as such Holders' names appear on the Corporation's stock transfer books maintained by the Registrar and Transfer Agent and at the address of such Holders shown therein. Such notice (the "Optional Redemption Notice") shall state: (1) the Optional Redemption Date, (2) the number of Series B Preferred Shares to be redeemed and, if less than all outstanding Series B Preferred Shares are to be redeemed, the number (and the identification) of shares to be redeemed from such Holder, (3) the applicable Redemption Price, (4) the place where the Series B Preferred Shares are to be redeemed and shall be presented and surrendered for payment of the applicable Redemption Price therefor and (5) that dividends on the shares to be redeemed shall cease to accumulate from and after such Redemption Date.

Optional Redemption Notice. If, on June 30, 2001, any shares of Series A Preferred Stock shall be then outstanding, the Company may redeem (unless otherwise prevented by law) all (but not less than all) such outstanding shares at any amount per share equal to $100.00 plus an amount equal to accrued but unpaid dividends, if any, to the date of redemption of such share (the "Redemption Price"). 60 days' prior notice by the Company of such redemption shall be sent by first-class certified mail, postage prepaid and return receipt requested, by the Company to the holders of the shares of Series A Preferred Stock to be redeemed at their respective addresses as the same shall appear on the books of the Company.