Common use of Other Redemptions Clause in Contracts

Other Redemptions. (i)Redemptions to Fund Optional Redemptions of the 10-year Secured Notes. Under the terms of the Indenture, on or after March 15, 2004, the 10-year Secured Notes will be redeemable, at the Lender's option, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' prior notice to the Holders of the 10- year Secured Notes, at the following Redemption Prices (expressed in percentages of principal amount), plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date, if redeemed during the 12-month period commencing on March 15 of the years set forth below. Redemption Period Price 2004 105.6875% 2005 103.7917 2006 101.8958 2007 and thereafter 100.0000 The Company shall prepay the 10-year Tranche of the Loan and of the Other Loans, in whole or in part, to provide funds for such redemption. Any prepayments by the Company on the Loan and the Other Loans required to be made to provide funds for the Lender to make such a redemption shall be made on this Loan and the Other Loans on a pro rata basis. All payments on the Loan and the Other Loans pursuant hereto shall be made directly to the Trustee for deposit into the Issuer Escrow Account. (ii)Redemptions to Fund Optional Redemptions of the 7-year Secured Notes. Under the terms of the Indenture, the 7-year Secured Notes will be redeemable, at the Lender's option at any time in whole or from time to time in part upon not less than 30 and not more than 60 days' prior notice mailed by first class mail to the Holders of the 7-year Secured Notes, on any date prior to Maturity at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date plus the Make-Whole Premium applicable to the 7-year Secured Notes determined in the manner provided for in Section 3.7

Appears in 6 contracts

Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (R&b Falcon Corp)

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Other Redemptions. (i)Redemptions i) Redemptions to Fund Optional Redemptions of the 10-year Secured Notes. Under the terms of the Indenture, on or after March 15, 2004, the 10-year Secured Notes will be redeemable, at the Lender's option, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' prior notice to the Holders of the 10- year Secured Notes, at the following Redemption Prices (expressed in percentages of principal amount), plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date, if redeemed during the 12-month period commencing on March 15 of the years set forth below. Redemption Period Price 2004 105.6875% 2005 103.7917 2006 101.8958 2007 and thereafter 100.0000 The Company shall prepay the 10-year Tranche of the Loan and of the Other Loans, in whole or in part, to provide funds for such redemption. Any prepayments by the Company on the Loan and the Other Loans required to be made to provide funds for the Lender to make such a redemption shall be made on this Loan and the Other Loans on a pro rata basis. All payments on the Loan and the Other Loans pursuant hereto shall be made directly to the Trustee for deposit into the Issuer Escrow Account. (ii)Redemptions ii) Redemptions to Fund Optional Redemptions of the 7-year Secured Notes. Under the terms of the Indenture, the 7-year Secured Notes will be redeemable, at the Lender's option at any time in whole or from time to time in part upon not less than 30 and not more than 60 days' prior notice mailed by first class mail to the Holders of the 7-year Secured Notes, on any date prior to Maturity at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date plus the Make-Whole Premium applicable to the 7-year Secured Notes determined in the manner provided for in Section 3.7

Appears in 1 contract

Samples: Senior Secured Loan Agreement (R&b Falcon Corp)

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Other Redemptions. (i)Redemptions to Fund Optional Redemptions of the 10-year Secured Notes. Under the terms of the Indenture, on or after March 15, 2004, the 10-year Secured Notes will be redeemable, at the Lender's option, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' prior notice to the Holders of the 10- year Secured Notes, at the following Redemption Prices (expressed in percentages of principal amount), plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date, if redeemed during the 12-month period commencing on March 15 of the years set forth below. Redemption Period Price 2004 105.6875% 2005 103.7917 2006 101.8958 2007 and thereafter 100.0000 The Company shall prepay the 10-year Tranche of the Loan and of the Other Loans, in whole or in part, to provide funds for such redemption. Any prepayments by the Company on the Loan and the Other Loans required to be made to provide funds for the Lender to make such a redemption shall be made on this Loan and the Other Loans on a pro rata basis. All payments on the Loan and the Other Loans pursuant hereto shall be made directly to the Trustee for deposit into the Issuer Escrow Account. (ii)Redemptions ii) Redemptions to Fund Optional Redemptions of the 7-year Secured Notes. Under the terms of the Indenture, the 7-year Secured Notes will be redeemable, at the Lender's option at any time in whole or from time to time in part upon not less than 30 and not more than 60 days' prior notice mailed by first class mail to the Holders of the 7-year Secured Notes, on any date prior to Maturity at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) to the Redemption Date plus the Make-Whole Premium applicable to the 7-year Secured Notes determined in the manner provided for in Section 3.7

Appears in 1 contract

Samples: Senior Secured Loan Agreement (R&b Falcon Corp)

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