Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to May 1, 2002, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to redeem up to 35% aggregate principal amount of the Securities issued pursuant to the Indenture at a redemption price equal to 110.875% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption; provided that after any such redemption the aggregate -------- principal amount of Securities outstanding must equal at least 65% of the aggregate principal amount of the Securities issued pursuant to the Indenture. In order to effect the foregoing redemption with the net cash proceeds of any Equity Offering, the Company shall make such redemption not more than 90 days after the consummation of any such Equity Offering.
Appears in 3 contracts
Sources: Indenture (Building One Services Corp), Indenture (Building One Services Corp), Indenture (Building One Services Corp)
Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to May June 1, 2002, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to redeem up to 35% in aggregate principal amount of the Securities originally issued pursuant to under the Indenture at a redemption price equal to 110.875111.750% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption; provided provided, however, that after any such redemption the -------- ------- aggregate -------- principal amount of the Securities outstanding must equal at least 65% of the aggregate principal amount of the Securities originally issued pursuant to under the Indenture. In order to effect the foregoing redemption with the net cash proceeds of any Equity Offering, the Company shall make such redemption not more than 90 120 days after the consummation of any such Equity Offering.
Appears in 1 contract
Sources: Indenture (Pacer Express Inc)
Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to May June 1, 2002, the Company may, at its option, use the net cash proceeds of one or more Equity Offerings to redeem up to 35% in aggregate principal amount of the Securities originally issued pursuant to under the Indenture at a redemption price equal to 110.875111.750% of the principal amount thereof, thereof plus accrued and unpaid interest thereon, if any, to the date of redemption; provided provided, however, that after any such redemption the -------- ------- aggregate -------- principal amount of the Securities outstanding must equal at least 65% of the aggregate principal amount of the Securities originally issued pursuant to under the Indenture. In order to effect the foregoing redemption with the net cash proceeds of any Equity Offering, the Company shall make such redemption not more than 90 120 days after the consummation of any such Equity Offering.
Appears in 1 contract
Sources: Indenture (Pacer Express Inc)
Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to May July 1, 20022001, the Company may, at its option, use the net cash proceeds Net Cash Proceeds of one or more Equity Offerings to redeem up to 35% aggregate principal amount of by the Securities issued pursuant to the Indenture Company at a redemption price equal to 110.875111.75% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption; provided provided, however, that after any such redemption redemption, the aggregate -------- principal amount of the Securities outstanding must equal at least 65% of the aggregate principal amount of Securities issued under the Indenture and provided further, that the Company may not so redeem the Securities issued pursuant to the Indenturein connection with a Change of Control. In order to effect the foregoing redemption with the net cash proceeds of any Equity Offering, the Company shall make such redemption not more than 90 days after the consummation of any such Equity Offering.
Appears in 1 contract
Sources: Indenture (Mediaamerica Inc)
Optional Redemption upon Equity Offerings. At any time, or from time to time, on or prior to May 1December 15, 20022013, the Company may, at its option, use all or any portion of the net cash proceeds of one or more Equity Offerings (as defined below) to redeem up to 35% of the aggregate principal amount of the Securities issued pursuant to the Indenture at a redemption price equal to 110.875106.875% of the principal amount thereof, thereof plus accrued and unpaid interest thereoninterest, if any, to the date of redemptionredemption (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that after any such redemption the aggregate -------- principal amount of Securities outstanding must equal at least 65% of the aggregate principal amount of the Securities issued pursuant to the Indentureremains outstanding immediately after any such redemption. In order to effect the foregoing redemption with the net cash proceeds of any Equity Offering, the Company shall make such redemption not more than 90 180 days after the consummation of any such Equity Offering.
Appears in 1 contract
Sources: Indenture (Tenneco Inc)