Common use of Optional Redemption of Notes Clause in Contracts

Optional Redemption of Notes. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 8 contracts

Samples: Extra Space Storage Inc., Extra Space Storage Inc., Extra Space Storage LP

AutoNDA by SimpleDocs

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100( % or of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after days prior to this Section 4.1 if on any date the Maturity Date, the Redemption Price will be equal to 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 7 contracts

Samples: Indenture (Healthcare Trust of America, Inc.), Indenture (Healthcare Trust of America Holdings, LP), Indenture (Healthcare Trust of America Holdings, LP)

Optional Redemption of Notes. (a) The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem If the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 6 contracts

Samples: Satisfaction and Discharge of Indenture (Healthcare Realty Holdings, L.P.), Healthcare Trust of America Holdings, LP, Healthcare Realty Holdings, L.P.

Optional Redemption of Notes. Prior At any time and from time to time prior to the Par Call Maturity Date, either the Company may redeem or the Notes Guarantor may, at its option, redeem the Notes of this series in whole or in partpart at any time and from time to time as provided in the Indenture. In the event of redemption of this Note in part only, at a new Note or Notes of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof; provided that the principal amount of any such Note remaining Outstanding after a redemption price (expressed as a percentage in part shall be $2,000 or any integral multiple of principal amount $1,000 in excess thereof. On the Redemption Date, the Notes to be redeemed will become due and rounded payable and, unless both the Company and the Guarantor default in their respective obligations with respect to three decimal places) (payment of the Redemption Price”) equal , from and after the Redemption Date, interest will cease to accrue on the greater of (i) (a) Notes or portions thereof called for redemption. In the sum of event the present values of Redemption Date for any Note falls on a day that is not a Business Day, then the remaining scheduled related payments of principal and interest thereon discounted to may be made on the next succeeding date that is a Business Day (and no additional interest will accumulate on the amount payable for the period from and after the Redemption Date (assuming for such Note unless both the Notes matured on Company and the Par Call Guarantor default in the payment of such interest). On or prior to any Redemption Date) on , the Company or the Guarantor is required to deposit with a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued Paying Agent funds sufficient to but excluding pay the Redemption Date; Price of and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon on the Notes to the be redeemed on such Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, If the Company may redeem or the Guarantor is redeeming less than all the Notes, the Trustee must select the Notes to be redeemed by such method as the Trustee in whole or in partits sole discretion deems fair and appropriate, at any time or from time subject to time, at a Redemption Price equal to 100% the procedures of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDepositary.

Appears in 3 contracts

Samples: Third Point (Third Point Reinsurance Ltd.), Third Point Reinsurance Ltd., Third Point Reinsurance Ltd.

Optional Redemption of Notes. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Extra Space Storage Inc.), Extra Space Storage Inc., Extra Space Storage LP

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to on the Redemption Date (assuming principal amount of the Notes to be redeemed that would be due if such Notes to be redeemed matured on the Par Call Date but for redemption thereof on such Redemption Date (not including any portion of such payments of interest accrued as of such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 twenty (20) basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.20% or twenty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon on the principal amount of such Notes to be redeemed to, but excluding, such Redemption Date; provided, however, that if such Redemption Date falls after the Record Date immediately preceding an interest payment date and on or prior to such interest payment date, the Issuer will pay the full amount of such accrued and unpaid interest and premium, if any, on such interest payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 3 contracts

Samples: Indenture (Essex Portfolio Lp), Indenture (Essex Portfolio Lp), Essex Portfolio Lp

Optional Redemption of Notes. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 15 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: Extra Space Storage Inc., Extra Space Storage LP

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.20%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but not including, the Redemption Date. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: Indenture (Safehold Inc.), Indenture (Istar Inc.)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i1) 100% of the principal amount of the Notes to be redeemed or (a2) the sum of the present values of the remaining scheduled payments of principal of and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-360- day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.25%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, 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 Company 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 Notes for redemption). Notwithstanding the foregoing, the Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time, in whole or in part on or after the Par Call Date and, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Invitation Homes Inc.), Supplemental Indenture (Invitation Homes Inc.)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.25%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but not including, the Redemption Date. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: Indenture (Safehold Inc.), Safehold Operating (Istar Inc.)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to on the Redemption Date (assuming principal amount of the Notes to be redeemed that would be due if such Notes to be redeemed matured on the Par Call Date but for redemption thereof on such Redemption Date (not including any portion of such payments of interest accrued as of such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 fifteen (15) basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.15% or fifteen one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon on the principal amount of such Notes to be redeemed to, but excluding, such Redemption Date; provided, however, that if such Redemption Date falls after the Record Date immediately preceding an interest payment date and on or prior to such interest payment date, the Issuer will pay the full amount of such accrued and unpaid interest and premium, if any, on such interest payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 2 contracts

Samples: Indenture (Essex Portfolio Lp), Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior Subject to the Par Call DateSection 6.7 hereof, the Company may redeem the Notes at its optionshall, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) at the sum request of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less Lessee or (b) interest accrued to but excluding upon the Redemption Date; and (iioccurrence of an event of termination as described in Section 20(a)(i) 100% of the principal amount of Lease Agreement, redeem or shall cause the Notes; plus, in either case, accrued and unpaid interest thereon Registrar to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the entire principal amount of the Notes being redeemed plus accrued and unpaid interest thereon outstanding, or, with respect to a redemption pursuant to the Redemption Date. Notwithstanding foregoing clause (a) only, any portion thereof equal to or greater than the foregoing, if the Redemption Date falls after a Record Date and on greater of $1,000,000 or prior to the corresponding Interest Payment Date, the Company 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 5% of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the aggregate principal amount of the Notes has been acceleratedthen outstanding (the "Called Principal") at a price equal to the sum of (i) the Called Principal, (ii) interest accrued on the Called Principal through the Redemption Date (as defined below) and (iii) the Yield-Maintenance Premium, if any. Upon any partial redemption of the Notes, each Noteholder shall, if so requested by the Company or the Registrar, surrender to the Registrar all Notes held by such acceleration has Noteholder in exchange for a new Note or Notes in an aggregate principal amount equal to the outstanding principal amount of the surrendered Note or Notes, less the amount of such partial redemption. Notice of Redemption. Notice of each redemption of Notes pursuant to Section 6.1 or 6.2 hereof shall be given by the Company not been rescinded or cured less than 30 nor more than 60 days before the redemption date (the "Redemption Date") by mailing to each Noteholder an irrevocable notice of intention to redeem specifying the date of redemption, identifying the event of termination under the Lease Agreement giving rise to such redemption (in the case of redemption pursuant to Section 6.1), stating the aggregate principal amount of Notes to be redeemed on or such date and the principal amount of Notes to be redeemed on such date held by the Noteholder to whom such notice is sent and accrued interest applicable to such redemption and a calculation showing in reasonable detail the Yield-Maintenance Premium payable upon such redemption. If any Noteholder disagrees with the Company's calculation of the Yield-Maintenance Premium set forth in such notice, it shall so notify the Company not less than 15 days after its receipt of such notice. Absent manifest error, the Noteholder's calculation of the Yield-Maintenance Premium shall be final and binding upon the parties. In the case of a redemption pursuant to Section 6.2 hereof, a written calculation of the redemption price shall be sent to the holders of Notes to be redeemed not later than 12:00 noon, New York City time, on the Business Day prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 2 contracts

Samples: Note Agreement (Entergy Louisiana Inc), Note Agreement (Entergy Louisiana Inc)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) calculated by the Company and equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.20%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but not including, the Redemption Date. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: First Supplemental Indenture (Rexford Industrial Realty, Inc.), Supplemental Indenture (Rexford Industrial Realty, Inc.)

Optional Redemption of Notes. (a) The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) that would be due if the Notes matured on the Maturity Date, discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem If the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 2 contracts

Samples: Satisfaction and Discharge of Indenture (Healthcare Realty Holdings, L.P.), Healthcare Trust of America Holdings, LP

Optional Redemption of Notes. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to to, but excluding excluding, the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to to, but excluding, the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or and from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to to, but excluding, the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Extra Space Storage Inc.

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.20% or twenty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after 60 days prior to this Section 4.1 if on any date the Maturity Date, the Redemption Price will be equal to 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Healthcare Trust of America Holdings, LP)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming the be redeemed that would be due if such Notes matured on the Par Call Date but for the redemption thereof (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.20%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but not including, the Redemption Date. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured annulled on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Supplemental Indenture (Phillips Edison Grocery Center Operating Partnership I, L.P.)

Optional Redemption of Notes. Prior (a) The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.30% or thirty-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Hudson Pacific Properties, L.P.

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the principal amount of the Notes to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b0.200% or twenty one-hundredths of one percent), plus, in each case accrued and unpaid interest on the principal amount of such Notes to be redeemed (including Additional Interest, if applicable) interest accrued to but excluding the Redemption Date; provided, however, that if the Redemption Date falls after the Record Date immediately preceding an interest payment date and (ii) 100% of on or prior to such interest payment date, the principal Issuer will pay the full amount of the Notes; plus, in either case, such accrued and unpaid interest, if any (including Additional Interest, if applicable), on such interest thereon payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call DateFebruary 1, 2024, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 1 contract

Samples: Essex Portfolio Lp

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i1) 100% of the principal amount of the Notes to be redeemed or (a2) the sum of the present values of the remaining scheduled payments of principal of and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-360- day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 15 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.15%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, 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 Company 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 Notes for redemption). Notwithstanding the foregoing, the Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time, in whole or in part on or after the Par Call Date and, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Supplemental Indenture (Invitation Homes Inc.)

Optional Redemption of Notes. (a) The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time in whole or from time to time in part prior to the Maturity Date, in whole or in part. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the applicable Adjusted Treasury Rate plus 25 50 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to to, but excluding, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company Issuer will pay the full amount of accrued and unpaid interest, if anyany (plus Additional Interest, if applicable), 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 Notes for redemption). The Company shall not redeem If the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed, plus accrued and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining unpaid interest thereon, if any, to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Innovative Industrial Properties Inc)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) calculated by the Company and equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 15 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but not including, the Redemption Date. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Extra Space Storage Inc.

Optional Redemption of Notes. Prior (a) The Company will have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming the be redeemed that would be due if such Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.30% or thirty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 and such amount of interest will not be included in the redemption price (instead of including the Holder surrendering its Notes for redemptionpresent value referred to above). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing 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 such acceleration has not been rescinded or cured on or prior to the corresponding interest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such dateinterest payment date to the holder of record at the close of business on the corresponding record date and such amount of interest will not be included in the redemption price. The Company’s actions and determinations in determining Trustee shall have no duty to calculate or verify the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorcalculations of the Adjusted Treasury Rate or the Comparable Treasury Price.

Appears in 1 contract

Samples: STORE CAPITAL Corp

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to on the Redemption Date (assuming principal amount of the Notes to be redeemed that would be due if such Notes to be redeemed matured on the Par Call Date but for redemption thereof on such Redemption Date (not including any portion of such payments of interest accrued as of such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 twenty-five (25) basis points less (b) 0.250% or twenty-five one-hundredths of one percent), plus, in each case accrued and unpaid interest accrued to but excluding the Redemption Date; and (ii) 100% of on the principal amount of such Notes to be redeemed to, but excluding, such Redemption Date; provided, however, that if such Redemption Date falls after the Notes; plusRecord Date immediately preceding an interest payment date and on or prior to such interest payment date, in either case, the Issuer will pay the full amount of such accrued and unpaid interest thereon and premium, if any, on such interest payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 1 contract

Samples: Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior (a) The Company will have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming the be redeemed that would be due if such Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 35 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.35% or 35 one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 and such amount of interest will not be included in the redemption price (instead of including the Holder surrendering its Notes for redemptionpresent value referred to above). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing 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 such acceleration has not been rescinded or cured on or prior to the corresponding interest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such dateinterest payment date to the holder of record at the close of business on the corresponding record date and such amount of interest will not be included in the redemption price. The Company’s actions and determinations in determining Trustee shall have no duty to calculate or verify the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorcalculations of the Adjusted Treasury Rate or the Comparable Treasury Price.

Appears in 1 contract

Samples: STORE CAPITAL Corp

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 35 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.35% or thirty-five one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Healthcare Trust of America Holdings, LP)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i1) 100% of the principal amount of the Notes to be redeemed or (a2) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal of and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-360- day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 15 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.15%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, 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 Company 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 Notes for redemption). Notwithstanding the foregoing, the Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time, in whole or in part on or after the Par Call Date and, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: First Supplemental Indenture (Invitation Homes Inc.)

Optional Redemption of Notes. Prior (a) The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 35 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.35% or thirty five-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Hudson Pacific Properties, L.P.

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the principal amount of the Notes to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 35 basis points less (b0.350% or thirty five one-hundredths of one percent), plus, in each case accrued and unpaid interest on the principal amount of such Notes to be redeemed (including Additional Interest, if applicable) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plusprovided, in either casehowever, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a the Record Date immediately preceding an interest payment date and on or prior to the corresponding Interest Payment Datesuch interest payment date, the Company Issuer will pay the full amount of such accrued and unpaid interest, if anyany (including Additional Interest, if applicable), on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding such Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after 90 days prior to this Section 4.1 if on any date the Maturity Date, the Redemption Price will be equal to 100% of the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorbeing redeemed.

Appears in 1 contract

Samples: Essex Property Trust Inc

Optional Redemption of Notes. Prior The Issuer shall not have the right to redeem any Notes prior to January 15, 2011, except to preserve its status as a real estate investment trust. If the Par Call Date, the Company may Issuer determines it is necessary to redeem the Notes at in order to preserve its optionstatus as a real estate investment trust, the Issuer may, upon the notice set forth in Section 3.02, redeem the Notes for cash, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being to be redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on accrued thereon to, but excluding, the Redemption Date; provided that, in connection with any such Interest Payment Date redemption, 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 the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant in order to this preserve the Issuer’s status as a real estate investment trust. The Issuer shall have the right to redeem the Notes for cash, in whole or in part at any time or from time to time, on or after January 15, 2011 upon the notice set forth in Section 4.1 if on any date 3.02, at a redemption price equal to 100% of the principal amount of the Notes has been acceleratedto be redeemed plus unpaid interest, and such acceleration has not been rescinded or cured if any, accrued thereon to, but excluding, the Redemption Date. In connection with any redemption in accordance with the provisions of this Section 3.01, if an Interest Payment Date falls on or prior to such date. The Company’s actions and determinations in determining the Redemption Price Date, then the interest payable on such Interest Payment Date shall be conclusive and binding paid to the holders of record of the Notes on the applicable Record Date instead of the holders surrendering the Notes for all purposes, absent manifest errorredemption.

Appears in 1 contract

Samples: United Dominion (United Dominion Realty Trust Inc)

Optional Redemption of Notes. Prior to The Notes shall be redeemable at any time, at the Par Call Date, option of the Company may redeem the Notes at its optionCompany, in whole or from time to time in part, upon not less than 10 and not more than 60 days’ notice, on any date prior to maturity (the “Redemption Date”), notwithstanding any contrary provisions in Section 3.03 of the Indenture. If the Notes are redeemed before May 15, 2030 (the “Par Call Date”), such Notes will be redeemed at a redemption price (expressed as a percentage equal to 100% of the principal amount thereof plus accrued and rounded unpaid interest, if any, to three decimal placesthe Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on any Interest Payment Date that is on or prior to the Redemption Date) plus a Make-Whole Premium, if any (the “Redemption Price”) equal to ). In the greater of (i) (a) event that the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to Notes are so redeemed, the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points Price will never be less (b) interest accrued to but excluding the Redemption Date; and (ii) than 100% of the principal amount of the Notes; plus, in either case, Notes plus accrued and unpaid interest thereon interest, if any, to the Redemption Date. Notwithstanding the foregoing, if If the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, Notes will be redeemed at a Redemption Price redemption price equal to 100% of the principal amount of the Notes being then outstanding to be redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on such the relevant record date to receive interest due on any Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured that is on or prior to such datethe Redemption Date). The Company’s actions and determinations in determining amount of the Redemption Price shall Make-Whole Premium with respect to any Note (or portion thereof) to be conclusive and binding for all purposesredeemed before the Par Call Date will be equal to the excess, absent manifest error.if any, of:

Appears in 1 contract

Samples: Pioneer Natural Resources Co

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the principal amount of the Notes to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 37.5 basis points less (b0.375%), plus, in each case accrued and unpaid interest on the principal amount of such Notes to be redeemed (including Additional Interest, if applicable) interest accrued to but excluding the Redemption Date; provided, however, that if the Redemption Date falls after the Record Date immediately preceding an interest payment date and (ii) 100% of on or prior to such interest payment date, the principal Issuer will pay the full amount of the Notes; plus, in either case, such accrued and unpaid interest, if any (including Additional Interest, if applicable), on such interest thereon payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after 90 days prior to the Par Call Maturity Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been acceleratedto be redeemed to, and such acceleration has but not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining including, the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch Redemption.

Appears in 1 contract

Samples: Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes of any series at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage with respect to the Notes of principal amount and rounded the applicable series to three decimal places) be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the principal amount of the Notes to be redeemed that would be due if such Notes to be redeemed matured on the applicable Par Call Date but for redemption thereof on such Redemption Date (assuming the Notes matured on the Par Call not including any portion of such payments of interest accrued as of such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 twenty (20) basis points less (b0.20% or twenty one-hundredths of one percent) interest accrued to but excluding in the Redemption Date; and (ii) 100% case of the principal amount 2031 Notes, or plus twenty-five (25) basis points (0.25% or twenty-five one-hundredths of one percent) in the case of the 2050 Notes; , plus, in either each case, accrued and unpaid interest thereon on the principal amount of such Notes to be redeemed to, but excluding, such Redemption Date; provided, however, that if such Redemption Date falls after the Record Date immediately preceding an interest payment date and on or prior to such interest payment date, the Issuer will pay the full amount of such accrued and unpaid interest and premium, if any, on such interest payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes of such series for redemption). Notwithstanding the foregoing, if the Notes of any series are redeemed on or after the applicable Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes of such series being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 1 contract

Samples: Essex Portfolio Lp

Optional Redemption of Notes. (a) The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time in whole or from time to time in part prior to the Maturity Date, in whole or in part. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming the Date) that would be due if such Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Adjusted Treasury Rate plus 25 50 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to to, but excluding, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company Issuer will pay the full amount of accrued and unpaid interest, if anyany (plus Additional Interest, if applicable), 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 Notes for redemption). The Company shall not redeem If the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed, plus accrued and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining unpaid interest thereon, if any, to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: AFC Gamma, Inc.

AutoNDA by SimpleDocs

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i1) 100% of the principal amount of the Notes to be redeemed or (a2) the sum of the present values of the remaining scheduled payments of principal of and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-360- day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.20%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, 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 Company 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 Notes for redemption). Notwithstanding the foregoing, the Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time, in whole or in part on or after the Par Call Date and, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Third Supplemental Indenture (Invitation Homes Inc.)

Optional Redemption of Notes. Prior to the Par Call Date, the Company may shall have the right to redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (the “Redemption Price”) in cash (expressed as a percentage of principal amount and rounded to three decimal places) (calculated by the “Redemption Price”) Company and equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 30 basis points less (b) unpaid interest accrued to thereon to, but excluding not including, the Redemption Date; , and (ii) 100% of the principal amount of the Notes; Notes to be redeemed, plus, in either case, accrued and unpaid interest accrued thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or and from time to time, at a Redemption Price in cash equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest accrued thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such datethe Redemption Date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Indenture (Safehold Inc.)

Optional Redemption of Notes. Prior The Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) in cash calculated by the Company and equal to the greater of (i1) 100% of the principal amount of the Notes to be redeemed or (a2) the sum of the present values of the remaining scheduled payments of principal of and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-360- day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; 0.30%), plus, in either each case, accrued and unpaid interest thereon to to, but not including, 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 Company 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 Notes for redemption). Notwithstanding the foregoing, the Company shall have the right to redeem the Notes at its option and in its sole discretion, at any time or from time to time, in whole or in part on or after the Par Call Date and, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price in cash will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: Supplemental Indenture (Invitation Homes Inc.)

Optional Redemption of Notes. Prior to the Par Call Date, the Company may redeem the The Notes at its option, shall be redeemable in whole at any time or in partpart from time to time, at the Company’s option, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) calculated by the Company and equal to the greater sum of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii1) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon Notes to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being be redeemed plus accrued and unpaid interest thereon to interest, if any, up to, but not including, the Redemption Date. Notwithstanding the foregoing, Date plus (2) a Make-Whole Premium; provided that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, due 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 Notes for redemption)) and the Redemption Price shall not include accrued and unpaid interest, if any, up to, but not including, the Redemption Date. Notwithstanding the foregoing, if any Notes are redeemed on or after the Par Call Date, the Redemption Price will equal 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, up to, but not including, the Redemption Date, without a Make-Whole Premium. The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

Appears in 1 contract

Samples: First Supplemental Indenture (Essential Properties Realty Trust, Inc.)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.30% or thirty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if anyany (plus Additional Interest, if applicable), on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after July 17, 2023, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Supplemental Indenture (DCT Industrial Trust Inc.)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “"Redemption Price") will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 35 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.35% or thirty-five one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the applicable Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if anyany (plus Additional Interest, if applicable), on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after March 15, 2023, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Lexington Realty Trust)

Optional Redemption of Notes. (a) The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part. Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; points, plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). If the Notes are redeemed on or after the Par Call Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date. (b) The Company Issuer shall not redeem the Notes pursuant to this Section 4.1 if 3.01(a) hereof on any date if the principal amount of the Notes has been accelerated, and such an acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations date (except in determining the case of an acceleration resulting from a default by the Issuer in the payment of the Redemption Price shall with respect to the Notes to be conclusive and binding for all purposes, absent manifest errorredeemed). Section 3.02.

Appears in 1 contract

Samples: Healthcare Trust of America Holdings, LP

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to on the Redemption Date (assuming principal amount of the Notes to be redeemed that would be due if such Notes to be redeemed matured on the Par Call Date but for redemption thereof on such Redemption Date (not including any portion of such payments of interest accrued as of such Redemption Date) discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 twenty-five (25) basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.25% or twenty-five one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon on the principal amount of such Notes to be redeemed to, but excluding, such Redemption Date; provided, however, that if such Redemption Date falls after the Record Date immediately preceding an interest payment date and on or prior to such interest payment date, the Issuer will pay the full amount of such accrued and unpaid interest and premium, if any, on such interest payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 1 contract

Samples: Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the principal amount of the Notes to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) 0.●% or ● one-hundredths of one percent), plus, in each case accrued and unpaid interest accrued on the principal amount of such Notes to but excluding be redeemed to the Redemption Date; provided, however, that if the Redemption Date falls after the Record Date immediately preceding an interest payment date and (ii) 100% of on or prior to such interest payment date, the principal Issuer will pay the full amount of the Notes; plus, in either case, such accrued and unpaid interest, if any, on such interest thereon payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date·, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining be redeemed to the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch redemption.

Appears in 1 contract

Samples: Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior to the Par Call Date, the The Company may redeem on any one or more occasions some or all of the Notes at its option, in whole or in part, at a before they mature. The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date1) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal an amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon interest, if any, up to, but not including, the Redemption Date and (2) a Make-Whole Premium; provided that, the Company will not redeem the Notes on any date if the principal amount of the Notes has been accelerated, and such an acceleration has not been rescinded or cured on or prior to such date (except in the case of an acceleration resulting from a default by the Company in the payment of the Redemption Price with respect to the Redemption DateNotes to be redeemed). Notwithstanding the foregoing, if the 2020 Notes are redeemed on or after September 1, 2020 or if the 2025 Notes are redeemed on or after July 1, 2025, the Redemption Price will not include a Make-Whole Premium; provided further that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company will pay the full amount of accrued and unpaid interestinterest and premium, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company , subject to Applicable Procedures, and the Redemption Price shall not include accrued and unpaid interest up to, but not including, the Redemption Date. If a series of Notes is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the series of Notes pursuant to this Section 4.1 if on any date the terms of such Notes, it shall notify the Trustee in writing of the Redemption Date and the principal amount of the series of Notes has been accelerated, and such acceleration has to be redeemed. The Company shall give written notice not been rescinded or cured on or fewer than thirty five (35) calendar days prior to such date. The Company’s actions and determinations in determining the Redemption Price shall Date (or such shorter notice as may be conclusive and binding for all purposes, absent manifest erroracceptable to the Trustee).

Appears in 1 contract

Samples: Indenture (Digital Realty Trust, L.P.)

Optional Redemption of Notes. Prior (a) The Company will have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming the be redeemed that would be due if such Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.200% or twenty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 and such amount of interest will not be included in the redemption price (instead of including the Holder surrendering its Notes for redemptionpresent value referred to above). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing 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 such acceleration has not been rescinded or cured on or prior to the corresponding interest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such dateinterest payment date to the holder of record at the close of business on the corresponding record date and such amount of interest will not be included in the redemption price. The Company’s actions and determinations in determining Trustee shall have no duty to calculate or verify the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorcalculations of the Adjusted Treasury Rate or the Comparable Treasury Price.

Appears in 1 contract

Samples: STORE CAPITAL Corp

Optional Redemption of Notes. Prior The Notes of each series shall be redeemable at any time, at the option of the Company, in whole or from time to time in part, upon not less than 10 and not more than 60 days’ notice, on any date prior to the applicable maturity (the “Redemption Date”), notwithstanding any contrary provisions in Section 3.03 of the Indenture. If the 2024 Notes are redeemed before January 15, 2022 (the “2024 Notes Par Call Date”), the 2026 Notes are redeemed before December 15, 2025 (the “2026 Notes Par Call Date”), or the 2031 Notes are redeemed before October 15, 2030 (the “2031 Notes Par Call Date” and, together with the 2024 Notes Par Call Date and the 2026 Notes Par Call Date, the Company may redeem the “Par Call Dates” and each, a “Par Call Date”), such Notes at its option, in whole or in part, will be redeemed at a redemption price (expressed as a percentage equal to 100% of the principal amount thereof plus accrued and rounded unpaid interest, if any, to three decimal placesthe Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on any Interest Payment Date that is on or prior to the Redemption Date) plus the applicable Make-Whole Premium described below, if any (the “Redemption Price”) equal to ). In the greater of (i) (a) event that the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to Notes are so redeemed, the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points Price will never be less (b) interest accrued to but excluding the Redemption Date; and (ii) than 100% of the principal amount of the Notes; plus, in either case, such Notes plus accrued and unpaid interest thereon interest, if any, to the Redemption Date. Notwithstanding If the foregoing, if the 2024 Notes are redeemed on or after the 2024 Notes Par Call Date, the Company may redeem 2026 Notes are redeemed on or after the Notes2026 Notes Par Call Date or the 2031 Notes are redeemed on or after the 2031 Notes Par Call Date, in whole or in part, at any time or from time to time, such Notes will be redeemed at a Redemption Price redemption price equal to 100% of the principal amount of the such Notes being to be redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on such the relevant record date to receive interest due on any Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured that is on or prior to such datethe Redemption Date). The Company’s actions and determinations in determining amount of the Redemption Price shall Make-Whole Premium with respect to any Note (or portion thereof) to be conclusive and binding for all purposesredeemed before the applicable Par Call Date will be equal to the excess, absent manifest error.if any, of:

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Pioneer Natural Resources Co)

Optional Redemption of Notes. Prior to The Notes will be redeemable at any time, at the Par Call Date, option of the Company may redeem the Notes at its optionCompany, in whole or from time to time in part, upon not less than 30 and not more than 60 days’ notice, as provided in the Indenture, on any date prior to maturity (the “Redemption Date”). If the Notes are redeemed before the date that is three months prior to the Maturity Date, the Notes will be redeemed at a redemption price (expressed as a percentage equal to 100% of the principal amount thereof plus accrued and rounded unpaid interest, if any, to three decimal placesthe Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on any interest payment date that is on or prior to the Redemption Date) plus a Make-Whole Premium, if any (the “Redemption Price”) equal to ). In the greater of (i) (a) event that the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to Notes are so redeemed, the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points Price will never be less (b) interest accrued to but excluding the Redemption Date; and (ii) than 100% of the principal amount of the Notes; plus, in either case, Notes plus accrued and unpaid interest thereon interest, if any, to the Redemption Date. Notwithstanding the foregoing, if If the Notes are redeemed on or after the Par Call date that is three months prior to the Maturity Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, Notes will be redeemed at a Redemption Price redemption price equal to 100% of the principal amount of the Notes being then outstanding to be redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder Redemption Date (subject to the right of Holders of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant relevant record date to this Section 4.1 if receive interest due on any interest payment date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured that is on or prior to such datethe Redemption Date). The Company’s actions and determinations in determining amount of the Redemption Price shall Make-Whole Premium with respect to any of the Notes (or portion thereof) to be conclusive and binding for all purposesredeemed before the date that is three months prior to the Maturity Date will be equal to the excess, absent manifest error.if any, of:

Appears in 1 contract

Samples: Pioneer Natural Resources Co

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 20 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.20% or twenty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Healthcare Trust of America Holdings, LP)

Optional Redemption of Notes. Prior The Notes shall be redeemable at any time, at the option of the Company, in whole or from time to time in part, upon not less than 20 and not more than 60 days’ notice, as provided in the Indenture, on any date prior to maturity (the “Redemption Date”). If the 2021 Notes are redeemed before December 15, 2020 (the “2021 Notes Par Call Date”) or the 2026 Notes are redeemed before October 15, 2025 (the “2026 Notes Par Call Date” and, together with the 2021 Notes Par Call Date, the Company may redeem the “Par Call Dates” and each a “Par Call Date”), such Notes at its option, in whole or in part, will be redeemed at a redemption price (expressed as a percentage equal to 100% of the principal amount thereof plus accrued and rounded unpaid interest, if any, to three decimal placesthe Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on any interest payment date that is on or prior to the Redemption Date) plus a Make-Whole Premium, if any (the “Redemption Price”) equal to ). In the greater of (i) (a) event that the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to Notes are so redeemed, the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points Price will never be less (b) interest accrued to but excluding the Redemption Date; and (ii) than 100% of the principal amount of the Notes; plus, in either case, Notes plus accrued and unpaid interest thereon interest, if any, to the Redemption Date. Notwithstanding If the foregoing, if the 2021 Notes are redeemed on or after the 2021 Notes Par Call Date or the 2026 Notes are redeemed on or after the 2026 Notes Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, such Notes will be redeemed at a Redemption Price redemption price equal to 100% of the principal amount of the Notes being then outstanding to be redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder Redemption Date (subject to the right of Holders of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant relevant record date to this Section 4.1 if receive interest due on any interest payment date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured that is on or prior to such datethe Redemption Date). The Company’s actions and determinations in determining amount of the Redemption Price shall Make-Whole Premium with respect to any of the Notes (or portion thereof) to be conclusive and binding for all purposesredeemed before the applicable Par Call Date will be equal to the excess, absent manifest error.if any, of:

Appears in 1 contract

Samples: Pioneer Natural Resources Co

Optional Redemption of Notes. Prior (a) The Company shall have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming be redeemed that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.30% or thirty one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Hudson Pacific Properties, L.P.

Optional Redemption of Notes. Prior to the Par Call Date, the The Company may redeem on any one or more occasions some or all of the Notes at its option, in whole or in part, at of a Series before they mature. The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date1) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal an amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes of such Series being redeemed plus accrued and unpaid interest thereon up to, but not including, the Redemption Date and (2) a Make-Whole Premium; provided that, the Company will not redeem the Notes of a Series on any date if the principal amount of the Notes of such Series has been accelerated, and such an acceleration has not been rescinded or cured on or prior to such date (except in the case of an acceleration resulting from a default by the Company in the payment of the Redemption Price with respect to the Redemption DateNotes of such Series to be redeemed). Notwithstanding the foregoing, if the 2023 Notes are redeemed on or after January 1, 2023 or if the 2027 Notes are redeemed on or after May 15, 2027, the Redemption Price will not include a Make-Whole Premium; provided further that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, ) and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive not include accrued and binding for all purposesunpaid interest up to, absent manifest errorbut not including, the Redemption Date.

Appears in 1 contract

Samples: Digital Realty Trust, L.P.

Optional Redemption of Notes. Prior (a) The Company will have the right to redeem the Notes at its option and in its sole discretion at any time or from time to time prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted on the Notes to the Redemption Date (assuming the be redeemed that would be due if such Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.30% or 30 one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to to, but not including, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 and such amount of interest will not be included in the redemption price (instead of including the Holder surrendering its Notes for redemptionpresent value referred to above). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing 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 such acceleration has not been rescinded or cured on or prior to the corresponding interest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such dateinterest payment date to the holder of record at the close of business on the corresponding record date and such amount of interest will not be included in the redemption price. The Company’s actions and determinations in determining Trustee shall have no duty to calculate or verify the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorcalculations of the Adjusted Treasury Rate or the Comparable Treasury Price.

Appears in 1 contract

Samples: STORE CAPITAL Corp

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion at any time or from time to time prior to the Maturity Date, in whole or in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to (not including any portion of such payments of interest accrued as of the Redemption Date (assuming Date) that would be due if the Notes matured on the Par Call Date) , discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 1000.25% or twenty five one-hundredths of the principal amount of the Notes; one percent), plus, in either each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem Notwithstanding the foregoing, if the Notes pursuant are redeemed on or after the Par Call Date, the Redemption Price will be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedbeing redeemed plus unpaid interest, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining if any, accrued thereon to, but excluding, the Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Healthcare Trust of America Holdings, LP)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right, at its option, to the Par Call Date, the Company may redeem the Notes for cash at its optionany time or from time to time prior to May 15, 2026, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) (the Notes to be redeemed on any Redemption Date pursuant to this Section 3.01(a), the “Redemption Price”) equal to the greater of of: (i) 100% of the principal amount of the Notes to be redeemed and (aii) the sum of the present values of the remaining scheduled payments of principal and interest thereon Interest on the Notes to be redeemed (exclusive of Interest accrued to the applicable Redemption Date) discounted to the such Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 35 basis points less (b) interest points, plus, in each case, accrued to but excluding the Redemption Date; and (ii) 100% of unpaid Interest on the principal amount of the Notes; plusNotes being redeemed to, in either casebut excluding, accrued and unpaid interest thereon to the such Redemption Date. Notwithstanding In addition, the foregoingIssuer may, if at its option, redeem the Notes are redeemed Notes, at any time or from time to time on or after the Par Call DateMay 15, the Company may redeem the Notes2026, in whole or in part, at any time or from time to time, at a Redemption Price redemption price equal to 100% of the principal amount of the Notes being redeemed to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and Interest on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been acceleratedbeing redeemed to, and such acceleration has but not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining including, the applicable Redemption Price shall be conclusive and binding for all purposes, absent manifest errorDate.

Appears in 1 contract

Samples: Indenture (Columbia Property Trust, Inc.)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, for cash, at a redemption price (expressed as a percentage of principal amount and rounded with respect to three decimal places) the Notes to be redeemed on any Redemption Date (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes to be redeemed and (aii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the principal amount of the Notes to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 25 30 basis points less (b0.300%), plus, in each case accrued and unpaid interest on the principal amount of such Notes to be redeemed (including Additional Interest, if applicable) interest accrued to but excluding the Redemption Date; provided, however, that if the Redemption Date falls after the Record Date immediately preceding an interest payment date and (ii) 100% of on or prior to such interest payment date, the principal Issuer will pay the full amount of the Notes; plus, in either case, such accrued and unpaid interest, if any (including Additional Interest, if applicable), on such interest thereon payment date to the Redemption DateHolder of record at the close of business on such Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after 90 days prior to the Par Call Maturity Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company 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 Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the such Notes has been acceleratedto be redeemed to, and such acceleration has but not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining including, the Redemption Price shall be conclusive and binding Date for all purposes, absent manifest errorsuch Redemption.

Appears in 1 contract

Samples: Indenture (Essex Portfolio Lp)

Optional Redemption of Notes. Prior (a) The Issuer shall have the right to the Par Call Date, the Company may redeem the Notes at its optionoption and in its sole discretion, at any time in whole or from time to time in part, at a . The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) will equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plusNotes to be redeemed plus unpaid interest, in either caseif any, accrued and unpaid interest thereon to to, but excluding, the Redemption Date. Notwithstanding the foregoing; provided, if the Notes are redeemed on or after the Par Call Datehowever, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Dateinterest payment date, the Company Issuer will pay the full amount of accrued and unpaid interest, if anyany (plus Additional Interest, if applicable), on such Interest Payment Date interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company ) and the Redemption Price shall not redeem the Notes pursuant be equal to this Section 4.1 if on any date 100% of the principal amount of the Notes has been acceleratedto be redeemed or (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such acceleration has not been rescinded payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 40 basis points (0.40% or cured forty one-hundredths of one percent), plus, in each case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after 90 days prior to such date. The Company’s actions and determinations in determining the Maturity Date, the Redemption Price shall will be conclusive and binding for all purposes, absent manifest errorequal to 100% of the principal amount of the Notes being redeemed.

Appears in 1 contract

Samples: Indenture (BioMed Realty Trust Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.