Common use of Optional Redemption with a Make-Whole Premium Clause in Contracts

Optional Redemption with a Make-Whole Premium. At any time prior to February 11, 2017, the Company will have the right, at its option, to redeem any of the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of such Notes plus, the greater of (1) 1.00% of the then outstanding principal amount of the Notes, and (2) the excess, if any, of: (a) the present value at such redemption date of (i) the redemption price of the Notes at February 11, 2017 (such redemption price being set forth in the table below under Section 3.02) plus (ii) all required interest payments thereon through February 11, 2017, (excluding accrued but unpaid interest to 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 Treasury Rate as of such redemption date plus 50 basis points, over (b) the then outstanding principal amount of the Notes (the “Make-Whole Amount”), plus, in each case, any accrued and unpaid interest (including Additional Amounts, if any) on the principal amount of the Notes to the date of redemption.

Appears in 2 contracts

Samples: Indenture (GeoPark LTD), Indenture (GeoPark Holdings LTD)

AutoNDA by SimpleDocs

Optional Redemption with a Make-Whole Premium. At any time prior to February 11, 2017, the The Company will shall have the right, at its option, to redeem any of the Notes, in whole or but not in part, at any time prior to October 1, 2014 at a redemption price equal to 100% of the principal amount of such Notes plus, the greater of (1) 1.001% of the then outstanding principal amount of the Notes, and (2) the excess, if any, excess of: (a) the present value (as determined by the Independent Investment Banker) at such redemption date of (i) the redemption price of the Notes at February 11October 1, 2017 2014 (such redemption price being set forth in the table below under Section 3.02in 5.b) plus (ii) all required interest payments thereon through February 11October 1, 2017, 2014 (excluding accrued but unpaid interest to 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 Treasury Rate as of such redemption date plus 50 basis points, over (b) the then outstanding principal amount of the Notes (the “Make-Whole Amount”), plus, plus in each case, case any accrued and unpaid interest (including Additional Amounts, if any) on the principal amount of the Notes to the date of redemption.

Appears in 1 contract

Samples: Indenture (Arcos Dorados Holdings Inc.)

Optional Redemption with a Make-Whole Premium. At any time prior Prior to February 11March 1, 20172023, the Company Notes will have the rightbe redeemable, at its option, to redeem any the option of the NotesCompany at any time, in whole or in part, at a redemption price equal to (1) 100% of the principal amount of such the Notes plus, the greater of (1) 1.00% of the then outstanding principal amount of the Notes, to be redeemed and (2) the excess, if any, of: excess (which shall be a positive number) of (a) the present value at such redemption date of (i) the redemption price of the Notes at February 11March 1, 2017 2023, (such redemption price being set forth in the table below under appearing above in Section 3.023.01(b)) plus (ii) all required interest payments due thereon through February 11March 1, 2017, 2023 (excluding exclusive of interest accrued but unpaid interest to the redemption date), date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate as of such redemption date plus 50 basis points, over (b) the then outstanding principal amount of the Notes (the “Make-Whole Amount”)Notes, plus, in each case, any plus accrued and unpaid interest (including and Additional Amounts, if any) , on the principal amount of the Notes being redeemed to the date of redemptionsuch redemption date.

Appears in 1 contract

Samples: Indenture (Latam Airlines Group S.A.)

AutoNDA by SimpleDocs

Optional Redemption with a Make-Whole Premium. At any time prior to February 11September 21, 20172021, the Company Issuer will have the right, at its option, to redeem any of the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of such Notes plus, the greater of (1) 1.00% of the then outstanding principal amount of the Notes, and (2) the excess, if any, of: (a) the present value at such redemption date of (i) the redemption price of the Notes at February 11September 21, 2017 2021 (such redemption price being set forth in the table below under Section 3.02) plus (ii) all required interest payments thereon through February 11September 21, 2017, 2021 (excluding accrued but unpaid interest to 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 Treasury Rate as of such redemption date plus 50 basis points, over (b) the then outstanding principal amount of the Notes (the “Make-Whole Amount”)Notes, plus, in each case, plus any accrued and unpaid interest (including Additional Amounts, if any) on the principal amount of the Notes to the date of redemption.

Appears in 1 contract

Samples: Indenture (GeoPark LTD)

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