Optional Redemption Price. 10, 36 Outstanding..................................................................10
Optional Redemption Price. A Notice of Optional Redemption may not be conditional. Failure to give such notice by mail or any defect in the notice to any New Noteholder shall not affect the validity of the proceedings for the redemption with respect to the New Limestone Notes held by other New Noteholders. Each Notice of Optional Redemption shall be given at least 30 days but not more than 60 days before the applicable Optional Redemption Date and shall specify (a) the Optional Redemption Date; (b) the formula by which the Optional Redemption Price will be calculated on the Optional Redemption Date, and the amount of accrued and unpaid interest, if any, to be due as of the Optional Redemption Date as a part of the Optional Redemption Price; (c) that on the Optional Redemption Date, the Optional Redemption Price will become due and payable upon each such New Limestone Note to be redeemed and that interest shall cease to accrue on such New Limestone Note on and after such date; (d) if any New Limestone Note is being redeemed in part, the portion of the principal amount of such New Limestone Note to be redeemed and that, after the Optional Redemption Date, upon surrender of such New Limestone Note, a new New Limestone Note or new New Limestone Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original New Limestone Note; (e) the name and address of the Paying Agent; (f) that New Limestone Notes called for redemption must be surrendered to the Paying Agent to collect the Optional Redemption Price; (g) the paragraph of the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes called for redemption are being redeemed; and (h) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the New Limestone Notes.
Optional Redemption Price. The "Optional Redemption Price" to be paid by the Corporation to each Holder in the event of an Optional Redemption shall be equal to (A) (i) the aggregate Stated Value of the Preferred Shares held by such Holder as of the Optional Redemption Date times (ii) 110% plus (B) all accrued and unpaid Premium thereon.
Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to any Optional Redemption shall be (x)(i) in the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this Note sought to be exchanged in such Exchange Notice (i.e., excluding compoundings of interest pursuant to Section 2.1(b)), or (ii) in the case of a Standstill Period Optional Redemption, the unpaid principal amount of this Note, as reduced to permit the Exchange of Shares provided by Section 4.1(ii), multiplied by (y) fourteen percent (14%) per year, in either case from and including the Issue Date to but excluding the date of payment of the Optional Redemption Price, compounded annually, for the actual number of days elapsed.
Optional Redemption Price. The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Debenture being redeemed MULTIPLIED BY the Optional Redemption Percentage. The "OPTIONAL REDEMPTION PERCENTAGE" shall mean, where "X" represents the Issue Date: Number of Months After Issue Date Optional Redemption Percentage ---------------- ------------------------------ 36 [smaller than] X [smaller than or equal to] 48 103% 48 [smaller than] X [smaller than or equal to] 60 100%
Optional Redemption Price. The Corporation shall have the right to redeem, in whole or in part, the Series B Preferred Shares with funds legally available for such purpose. Any such redemption shall occur on a date set by the Corporation (the "Optional Redemption Date") and the Corporation shall effect any such redemption by paying cash for each Series B Preferred Shares to be redeemed at the redemption prices (each, a "Redemption Price") set forth below:
Optional Redemption Price. The "Optional Redemption Price" price for a Series C Preferred Share shall be payable, at the option of the Corporation, in cash or shares of Common Stock, in an amount equal to 115% of the Stated Value thereof if paid in cash or, if paid in shares of Common Stock, the number of shares equal to 115% of such Stated Value divided by the Optional Redemption Conversion Price. The "Optional Redemption Conversion Price" shall be equal to the average Closing Sale Price for the Common Stock during the twenty (20) Trading Days occurring immediately prior to, but not including, the related Optional Redemption Date.
Optional Redemption Price. The "Optional Redemption Price" -------------------------- -------------------------- shall mean the Stated Value of the Preferred Shares being redeemed multiplied by ------------- (A) 103% if the Optional Redemption Date occurs during the twelve (12) month period beginning on the Initial Optional Redemption Date and (B) 100% if the Optional Redemption Date occurs after the last day of such twelve (12) month period.
Optional Redemption Price. The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Note being redeemed, MULTIPLIED BY the Optional Redemption Percentage. The Optional Redemption Percentage initially shall be 130%; beginning on June 1, 1997, and on the first day of each calendar quarter thereafter, the Optional Redemption Percentage shall be reduced on a straight line basis so that during the last calendar quarter occurring during the term of the Note (assuming that this Note has not been redeemed, converted or paid in full prior thereto) the Optional Redemption Percentage shall be 100%.
Optional Redemption Price. The definition of the term "Optional Redemption Price" in Section 8 of the Note is hereby amended to read in its entirety as follows:
