Optional Redemption of Debentures. (1) The Corporation will have the right at its option and subject to receiving all applicable regulatory approvals to redeem all, but not less than all, of the Debentures (the “Share Redemption Right”), at any time after the earlier of:
Optional Redemption of Debentures. (a) The Debentures are not redeemable on or prior to June 30, 2014. The Corporation shall have the right at its option to redeem the Debentures, in whole at any time or in part from time to time, on or after July 1, 2014 and prior to June 30, 2016, on not more than 60 days and not less than 30 days prior notice to the Holders, at a redemption price equal to the principal amount of the Debentures to be redeemed, plus accrued and unpaid interest thereon, if any, up to but excluding the Redemption Date (the “Redemption Amount”), provided that the Weighted Average Trading Price of the Common Shares on a Recognized Stock Exchange for the 20 consecutive Trading Days ending five Trading Days prior to the date on which the Redemption Notice is given (where applicable, converted into US Dollars using the noon rate of exchange posted by the Bank of Canada on the Business Day immediately preceding the date on which the Redemption Notice is given) is not less than 125% of the Conversion Price.
Optional Redemption of Debentures. (a) The Issuer may at its option at any time on or after November 13, 2016, and from time to time thereafter, redeem all, or any of the Debentures on not less than forty (40) and not more than sixty (60) days’ prior notice to the Holders for cash at the following redemption prices:
Optional Redemption of Debentures. (a) The Issuer shall have the right to redeem the Debentures for cash, in whole or in part, (i) prior to April 18, 2014, if the Issuer determines it is necessary to redeem the Debentures in order to preserve the Guarantor’s status as a real estate investment trust and (ii) at any time or from time to time, on or after April 18, 2014, in each case upon the notice set forth in Section 3.02 at a redemption price (“Redemption Price”) equal to 100% of the principal amount of the Debentures to be redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding interest payment date, the Issuer will pay the full amount of accrued and unpaid interest, if any, on such interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Debentures for redemption) and the Redemption Price shall be equal to 100% of the principal amount of the Debentures to be redeemed. In connection with any redemption by the Issuer pursuant to clause (i) in this Section 3.01(a), the Issuer shall provide the Trustee with an Officers’ Certificate evidencing that the Board of Directors has, in good faith, made the determination that it is necessary to redeem the Debentures in order to preserve the Guarantor’s status as a real estate investment trust.
Optional Redemption of Debentures. The Company may, at its option, redeem all of the Debenture, or part of it, on at least 15 days' but not more than 60 days' prior notice to the holder of Debenture to be redeemed at its registered address, at the redemption prices (expressed as percentages of the principal amount of the Debenture) set forth below, plus accrued interest to the redemption date, if redeemed during the 12-month period beginning July 3rd of the years indicated below. Year Percentage 2004 105 % 2005 104 % 2006 103 % 2007 and thereafter 100 % The Debentures may not be so redeemed before July 3, 2004.
Optional Redemption of Debentures. (a) The Issuer may at its option at any time following July 8, 2017, and from time to time thereafter up to and including the Maturity Date, redeem all, or any of the Debentures (on a pro rata basis) on not less than thirty (30) and not more than sixty (60) days’ prior notice to the Holders for cash at a redemption price equal to one hundred percent (100%) of the principal amount of the Debentures to be redeemed, plus accrued and unpaid interest thereon, if any, up to but excluding the Redemption Date; provided that such redemption shall only be permitted if the VWAP per Common Share for the twenty (20) consecutive Trading Days ending on the Trading Day immediately preceding the date the Redemption Notice is given by the Issuer to the Trustee and the Holders is not less than one hundred and thirty-five percent (135%) of the applicable Conversion Price. This redemption right shall not prejudice the right of Holders to convert Debentures to Common Shares as provided for in Article 6.
Optional Redemption of Debentures. The Debentures are subject to extraordinary optional redemption (which redemption shall be mandatory in the circumstances provided in subsection (f) below) as a whole or in part upon the occurrence of any of the following events with respect to Issuer’s Facilities, at a redemption price equal to the principal amount of the Debentures then Outstanding to be so redeemed, plus accrued interest to the date fixed for such redemption (which date shall be the earliest practicable date in accordance with Section 3.04 hereof) and without premium:
Optional Redemption of Debentures. The Debentures are not redeemable prior to January 1, 2012. The Company shall have the right at its option to redeem the Debentures, in whole at any time or in part from time to time, on or after January 1, 2012 and up to but excluding the Maturity Date, on not more than 60 days’ and not less than 30 days’ prior notice to the Holders at a redemption price equal to the principal amount of the Debentures to be redeemed, plus accrued and unpaid interest thereon, if any, up to but excluding the Redemption Date, provided that the Current Market Price is at least 125% of the Conversion Price. Concurrently with providing the Redemption Notice (as hereinafter defined), the Company shall provide the Debenture Trustee with an Officer’s Certificate setting forth the details of any redemption contemplated by this section 5.1 (including the Current Market Price, the eligibility and interest calculations, if necessary) which the Debenture Trustee may rely upon without any independent obligation to verify the accuracy of information set out therein.
Optional Redemption of Debentures. 3.1.1 The Debentures are not redeemable prior to February 15, 2008. The Company shall have the right at its option to redeem the Debentures, in whole at any time or in part from time to time, on or after February 15, 2008, on not more than 60 days’ and not less than 30 days’ prior notice to the Holders at a redemption price equal to the principal amount of the Debentures to be redeemed, plus accrued and unpaid interest thereon, if any, up to but excluding the Redemption Date, provided that the Weighted Average Trading Price of the Common Shares on a Recognized Stock Exchange for the 20 consecutive Trading Days ending five Trading Days prior to the date on which the Redemption Notice is given is at least 125% of the Conversion Price.
Optional Redemption of Debentures. Prior to February 1, 2012, the Company may not redeem the Debentures. At any time on or after February 1, 2012, the Debentures may be redeemed at the option of the Company, in “ whole or in part, upon notice as set forth in Section 3.02, in cash at a price (the “Redemption Price”) equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date; provided, that if the Redemption Date is after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the interest will be paid on the Redemption Date to the holder of record on the Regular Record Date. The Company may not redeem any Debentures if a Default in the payment of interest on the Debentures has occurred and is continuing.
