Common use of Redemption at the Company’s Option Clause in Contracts

Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A Notes in part only, a new Series 2015A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 2 contracts

Samples: Southern Co, Southern Co

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Redemption at the Company’s Option. At 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 time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) 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 30 basis points less (b) interest accrued to the redemption date; and (ii) 100% of the principal amount of the Notes to be redeemed, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. On or after October 15, 2020the Par Call Date, the Series 2015A Company may redeem the Notes will be subject to redemption at the option of the Company its option, in whole or in part upon not less than 30 nor more than 60 days’ noticepart, at any time and from time to time, at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A Notes being redeemed to be redeemed, plus accrued and unpaid interest (including any Additional Interest) thereon to, but excluding, the redemption date. Notwithstanding the foregoing, installments of interest on the Series 2015A Notes being redeemed that are due and payable on an Interest Payment Date falling on or prior to a redemption date shall be payable on such Interest Payment Date to the Redemption Holders as of the close of business on the relevant Record Date. In additionOn or after the date of redemption, before October 15interest will cease to accrue on the Notes or portion of the Notes redeemed. However, 2020, interest will continue to accrue if a Tax Event shall occur and be continuing, the Company may redeem defaults in the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% payment of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A Notes in part only, a new Series 2015A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof due upon the surrender thereof. The Series 2015A Notes will not have a sinking fundredemption. Notice of redemption to each Holder of the Notes shall be given mailed (or, as long as the Notes of this series are represented by one or more Book-Entry Debt Securities, transmitted in accordance with the Depository’s standard procedures therefor) by the Company, or, at the Company’s request, by the Trustee, in the manner provided in Section 1104 3.02 of the Original Indenture. Any redemption of less , at least ten (10) and not more than all of the Series 2015A Notes shall, with respect sixty (60) days prior to the principal thereof, be divisible by $25.00date fixed for redemption.

Appears in 2 contracts

Samples: Indenture (Piedmont Natural Gas Co Inc), Piedmont Natural Gas Co Inc

Redemption at the Company’s Option. At any time and from time to time on or after October 15January 30, 20202025, the Series 2015A 2020A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2020A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2020A Notes being redeemed to the Redemption Date. In addition, before October 15January 30, 20202025, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A 2020A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100101% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15January 30, 20202025, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A 2020A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2020A Notes in part only, a new Series 2015A 2020A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2020A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A 2020A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At The Company may, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time prior to December 1, 2039 (the "Par Call Date") upon not less than ten (10) nor more than sixty (60) days prior notice at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the Securities to be redeemed and (ii) as determined by the Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed as if the Securities matured on the Par Call Date (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Treasury Rate plus 50 basis points; plus, in each case described above, accrued and unpaid interest on the principal amount being redeemed to (but excluding) such Redemption Date. Exhibit A The Company may also, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time on or after October 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part Par Call Date upon not less than 30 ten (10) nor more than 60 sixty (60) days’ notice, ' prior notice at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A Notes Securities being redeemed redeemed, plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes principal amount being redeemed to (but excluding) the Redemption Date. In additionA notice of redemption may, before October 15at the Company's discretion, 2020be subject to one or more conditions precedent, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in wholeincluding, but not in partlimited to, at a Redemption Price equal to 100% completion of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Datean equity offering, financing, or other corporate transaction. In addition, before October 15if such redemption or notice is subject to satisfaction of one or more conditions precedent, 2020such notice shall state that, if a Rating Agency Event shall occur and be continuingin the Company's discretion, the Company redemption date may redeem the Series 2015A Notes be postponed until up to 60 days following the occurrence notice of redemption, and such notice may be rescinded in the event that Rating Agency Event, in whole, but any or all such conditions shall not in part, at a Redemption Price equal to 102% of have been satisfied by the principal amount to be redeemed plus any accrued but unpaid interest redemption date (including any Additional Interest) as it may be postponed). The Company shall provide written notice to the Trustee prior to the close of business not less than two Business Days prior to the Redemption DateDate if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each Holder. In the event of redemption of the Series 2015A Notes this Security in part only, a new Series 2015A Note Security or Notes Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name or names of the Holders thereof Holder hereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00cancellation hereof.

Appears in 1 contract

Samples: Anheuser-Busch InBev SA/NV

Redemption at the Company’s Option. At The Company may redeem the Series 2022A Notes at its option, in whole or in part, at any time and from time to time on or after October 15time, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 10 nor more than 60 days’ notice, at a redemption price (the “Redemption Price Price”) (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount of the Series 2015A 2022A Notes being redeemed plus to be redeemed, plus, in either case, accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2022A Notes in part only, a new Series 2015A 2022A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2022A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any notice of redemption shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price. Any redemption of less than all of the Series 2015A 2022A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the The Series 2015A 2011A Notes will be subject to redemption at the option of the Company in whole or in part at any time and from time to time, upon not less than 30 nor more than 60 days’ notice. The Company shall have the right to redeem the Series 2011A Notes in whole or in part at redemption prices (each, at a Redemption Price Price”) equal to the greater of (1) 100% of the principal amount of the Series 2015A 2011A Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Series 2011A Notes being redeemed plus accrued and unpaid interest (not including any Additional Interest) on the Series 2015A Notes being redeemed portion of such payments of interest accrued to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence ) discounted (for purposes of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interestdetermining present value) to the Redemption Date. In additionDate on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 15 basis points, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Eventplus, in wholeeach case, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2011A Notes in part only, a new Series 2015A 2011A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2011A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price. The Company shall calculate the Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2011A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 15February 14, 20202019, the Series 2015A 2018A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 15 nor more than 60 days’ notice, at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A 2018A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2018A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if If the Redemption Date is not a Tax Event shall occur and be continuingBusiness Day, the Company may redeem principal and interest due on that date will be payable on the Series 2015A Notes following next succeeding Business Day, and no interest shall accrue for the occurrence of intervening period; provided, however, that Tax Eventif such next succeeding Business Day is in the next succeeding calendar year, in whole, but not in part, at a Redemption Price equal to 100% of such payment will be made on the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Dateimmediately preceding Business Day. In the event of redemption of the Series 2015A 2018A Notes in part only, a new Series 2015A 2018A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2018A Notes will not have a sinking fund. Notice Except as otherwise provided herein, notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A 2018A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Twentieth Supplemental Indenture (Southern Power Co)

Redemption at the Company’s Option. At The Company may, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time prior to March 1, 2030 (the "Par Call Date") upon not less than ten (10) nor more than sixty (60) days prior notice at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the Securities to be redeemed and (ii) as determined by the Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed as if the Securities matured on the Par Call Date (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Treasury Rate plus 45 basis points; plus, in each case described above, accrued and unpaid interest on the principal amount being redeemed to (but excluding) such Redemption Date. Exhibit A The Company may also, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time on or after October 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part Par Call Date upon not less than 30 ten (10) nor more than 60 sixty (60) days’ notice, ' prior notice at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A Notes Securities being redeemed redeemed, plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes principal amount being redeemed to (but excluding) the Redemption Date. In additionA notice of redemption may, before October 15at the Company's discretion, 2020be subject to one or more conditions precedent, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in wholeincluding, but not in partlimited to, at a Redemption Price equal to 100% completion of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Datean equity offering, financing, or other corporate transaction. In addition, before October 15if such redemption or notice is subject to satisfaction of one or more conditions precedent, 2020such notice shall state that, if a Rating Agency Event shall occur and be continuingin the Company's discretion, the Company redemption date may redeem the Series 2015A Notes be postponed until up to 60 days following the occurrence notice of redemption, and such notice may be rescinded in the event that Rating Agency Event, in whole, but any or all such conditions shall not in part, at a Redemption Price equal to 102% of have been satisfied by the principal amount to be redeemed plus any accrued but unpaid interest redemption date (including any Additional Interest) as it may be postponed). The Company shall provide written notice to the Trustee prior to the close of business not less than two Business Days prior to the Redemption DateDate if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each Holder. In the event of redemption of the Series 2015A Notes this Security in part only, a new Series 2015A Note Security or Notes Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name or names of the Holders thereof Holder hereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00cancellation hereof.

Appears in 1 contract

Samples: Anheuser-Busch InBev SA/NV

Redemption at the Company’s Option. At any time and from time to time on or after October March 15, 20202021, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October March 15, 2020, if a Tax Event shall occur and be continuing2021, the Company may redeem redeem, upon not less than 30 nor more than 60 days’ notice, in whole but not in part, the Series 2015A Notes following the occurrence of that a Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October March 15, 2020, if a Rating Agency Event shall occur and be continuing2021, the Company may redeem may, upon not less than 30 nor more than 60 days’ notice, within the Series 2015A Notes 90 days after the conclusion of any review or appeal process instituted by the Company following the occurrence of that a Rating Agency Event, redeem, in whole, whole but not in part, the Notes at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A Notes in part only, a new Series 2015A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Indenture (Legg Mason, Inc.)

Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the The Series 2015A 2013A Notes will be subject to redemption at the option of the Company Company, in whole or in part part, at any time and from time to time, upon not less than 30 nor more than 60 days' notice, at a Redemption Price redemption prices equal to the greater of (1) 100% of the principal amount of the Series 2015A 2013A Notes being redeemed plus accrued and unpaid (2) the sum of the present values of the remaining scheduled payments of principal of and interest (including any Additional Interest) on the Series 2015A 2013A Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence ) discounted (for purposes of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interestdetermining present value) to the Redemption Date. In additionDate on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 15 basis points (each, before October 15a “Redemption Price”), 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Eventplus, in wholeeach case, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2013A Notes in part only, a new Series 2015A 2013A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2013A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price. The Company shall calculate the Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2013A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At The Company may, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time prior to December 1, 2059 (the "Par Call Date") upon not less than ten (10) nor more than sixty (60) days prior notice at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the Securities to be redeemed and (ii) as determined by the Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed as if the Securities matured on the Par Call Date (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Treasury Rate plus 50 basis points; plus, in each case described above, accrued and unpaid interest on the principal amount being redeemed to (but excluding) such Redemption Date. Exhibit A The Company may also, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time on or after October 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part Par Call Date upon not less than 30 ten (10) nor more than 60 sixty (60) days’ notice, ' prior notice at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A Notes Securities being redeemed redeemed, plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes principal amount being redeemed to (but excluding) the Redemption Date. In additionA notice of redemption may, before October 15at the Company's discretion, 2020be subject to one or more conditions precedent, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in wholeincluding, but not in partlimited to, at a Redemption Price equal to 100% completion of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Datean equity offering, financing, or other corporate transaction. In addition, before October 15if such redemption or notice is subject to satisfaction of one or more conditions precedent, 2020such notice shall state that, if a Rating Agency Event shall occur and be continuingin the Company's discretion, the Company redemption date may redeem the Series 2015A Notes be postponed until up to 60 days following the occurrence notice of redemption, and such notice may be rescinded in the event that Rating Agency Event, in whole, but any or all such conditions shall not in part, at a Redemption Price equal to 102% of have been satisfied by the principal amount to be redeemed plus any accrued but unpaid interest redemption date (including any Additional Interest) as it may be postponed). The Company shall provide written notice to the Trustee prior to the close of business not less than two Business Days prior to the Redemption DateDate if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each Holder. In the event of redemption of the Series 2015A Notes this Security in part only, a new Series 2015A Note Security or Notes Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name or names of the Holders thereof Holder hereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00cancellation hereof.

Appears in 1 contract

Samples: Sixteenth Supplemental Indenture (Anheuser-Busch InBev SA/NV)

Redemption at the Company’s Option. At Prior to March 15, 2034 (the “Par Call Date”), the Company may redeem the Securities of this series at its option, in whole or in part, at any time and from time to time time, upon not less than ten (10) nor more than sixty (60) days’ prior notice, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed discounted to the Redemption Date (assuming the Securities matured on the Par Call Date), on a semi-annual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Treasury Rate plus 15 basis points, less (b) interest accrued to the date of redemption, and (ii) 100% of the principal amount of the Securities to be redeemed; plus, in either case, accrued and unpaid interest on the applicable Securities to (but excluding) the Redemption Date. On or after October 15, 2020the Par Call Date, the Series 2015A Notes will be subject to redemption Company may redeem the Securities of this series at the option of the Company its option, in whole or in part part, at any time and from time to time, upon not less than 30 ten (10) nor more than 60 sixty (60) days’ prior notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A Notes Securities being redeemed redeemed, plus accrued and unpaid interest thereon to (including any Additional Interestbut excluding) on the Series 2015A Notes being redeemed to the Redemption Date. In additionA notice of redemption may, before October 15at the Company’s discretion, 2020be subject to one or more conditions precedent, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in wholeincluding, but not in partlimited to, at completion of an equity offering, a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Datefinancing, or other corporate transaction. In addition, before October 15if such redemption or notice is subject to satisfaction of one or more conditions precedent, 2020such notice shall state that, if a Rating Agency Event shall occur and be continuingin the Company’s discretion, the Company Redemption Date may redeem the Series 2015A Notes be postponed until up to sixty (60) days following the occurrence notice of redemption, and such notice may be rescinded in the event that Rating Agency Event, in whole, but any or all such conditions shall not in part, at a have been satisfied by the Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest Date (including any Additional Interest) as it may be postponed). The Company shall provide written notice to the Trustee prior to the close of business not less than two Business Days prior to the Redemption DateDate if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each Holder. In the event of redemption of the Series 2015A Notes this Security in part only, a new Series 2015A Note Security or Notes Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name or names of the Holders thereof Holder hereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00cancellation hereof.

Appears in 1 contract

Samples: Supplemental Indenture (Anheuser-Busch InBev SA/NV)

Redemption at the Company’s Option. At The Company may, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time prior to December 1, 2049 (the "Par Call Date") upon not less than ten (10) nor more than sixty (60) days prior notice at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the Securities to be redeemed and (ii) as determined by the Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed as if the Securities matured on the Par Call Date (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve (12) 30-day months) at the Treasury Rate plus 50 basis points; plus, in each case described above, accrued and unpaid interest on the principal amount being redeemed to (but excluding) such Redemption Date. Exhibit A The Company may also, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time on or after October 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part Par Call Date upon not less than 30 ten (10) nor more than 60 sixty (60) days’ notice, ' prior notice at a Redemption Price redemption price equal to 100% of the principal amount of the Series 2015A Notes Securities being redeemed redeemed, plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes principal amount being redeemed to (but excluding) the Redemption Date. In additionA notice of redemption may, before October 15at the Company's discretion, 2020be subject to one or more conditions precedent, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in wholeincluding, but not in partlimited to, at a Redemption Price equal to 100% completion of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Datean equity offering, financing, or other corporate transaction. In addition, before October 15if such redemption or notice is subject to satisfaction of one or more conditions precedent, 2020such notice shall state that, if a Rating Agency Event shall occur and be continuingin the Company's discretion, the Company redemption date may redeem the Series 2015A Notes be postponed until up to 60 days following the occurrence notice of redemption, and such notice may be rescinded in the event that Rating Agency Event, in whole, but any or all such conditions shall not in part, at a Redemption Price equal to 102% of have been satisfied by the principal amount to be redeemed plus any accrued but unpaid interest redemption date (including any Additional Interest) as it may be postponed). The Company shall provide written notice to the Trustee prior to the close of business not less than two Business Days prior to the Redemption DateDate if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each Holder. In the event of redemption of the Series 2015A Notes this Security in part only, a new Series 2015A Note Security or Notes Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name or names of the Holders thereof Holder hereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00cancellation hereof.

Appears in 1 contract

Samples: Anheuser-Busch InBev SA/NV

Redemption at the Company’s Option. At any time and from time to time prior to April 1, 2026, the 2026 Notes will be subject to redemption at the option of the Company in whole or in part, upon not less than 30 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the 2026 Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the 2026 Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 25 basis points plus, in each case, accrued and unpaid interest thereon to but not including the Redemption Date. At any time and from time to time on or after October 15April 1, 20202026, the Series 2015A 2026 Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 15 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2026 Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2026 Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2026 Notes in part only, a new Series 2015A 2026 Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2026 Notes will not have a sinking fund. Notice Except as otherwise provided herein, notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to April 1, 2026. The Company shall calculate such Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2026 Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time prior to January 30, 2030, the Series 2020A Notes will be subject to redemption at the option of the Company in whole or in part, upon not less than 15 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the Series 2020A Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2020A Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) from the Redemption Date to January 30, 2030 discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 50 basis points plus, in each case, accrued and unpaid interest thereon to the Redemption Date. At any time and from time to time on or after October 15January 30, 20202030, the Series 2015A 2020A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 15 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2020A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2020A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2020A Notes in part only, a new Series 2015A 2020A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2020A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, except that any such notice of redemption with respect to any redemption occurring prior to January 30, 2030 shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to January 30, 2030. The Company shall calculate such Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2020A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At Prior to December 15, 2032 (the “Par Call Date”), the Company may redeem the Series 2023C Notes at its option, in whole or in part, at any time and from time to time time, upon not less than 10 nor more than 60 days’ notice, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Series 2023C Notes matured on the Par Call Date) on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount of the Series 2023C Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. On or after October 15, 2020the Par Call Date, the Company may redeem the Series 2015A Notes will be subject to redemption at the option of the Company 2023C Notes, in whole or in part part, at any time and from time to time, upon not less than 30 10 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2023C Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2023C Notes in part only, a new Series 2015A 2023C Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2023C Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any notice of redemption with respect to any redemption occurring prior to the Par Call Date shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price. Any redemption of less than all of the Series 2015A 2023C Notes shall, with respect to the principal thereof, be divisible by $25.001,000. If less than all of the Series 2023C Notes are being redeemed, the selection of the Series 2023C Notes to be redeemed shall be done in accordance with the Depositary’s procedures.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time prior to May 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part, upon not less than 30 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the Series 2015A Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2015A Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 20 basis points plus, in each case, accrued and unpaid interest thereon to the Redemption Date. At any time and from time to time on or after October May 15, 2020, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A Notes in part only, a new Series 2015A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to May 15, 2020. The Company shall calculate such Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the Series 2015A The IQ Notes will shall be subject to redemption at the option of the Company Company, in whole or in part part, without premium or penalty, at any time in whole, and from time to time in part, on or after October 1, 2011. The IQ Notes shall also be subject to redemption at the option of the Company, (i) in whole or in part, in the event of a Transfer of a Guarantor under Section 10.02 of the Base Indenture, in an amount equal to the intercompany debt representing that portion of the IQ Notes previously loaned by the Company to such Guarantor that is repaid by such Guarantor to the Company pursuant to Section 10.02(1) of the Base Indenture minus any amount of such repayment that the Company loans to another Guarantor that is a signatory hereto, or (ii) in whole, if we have agreed to enter into a transaction that, upon the consummation thereof, would result in there no longer being at least one Guarantor which, as of the date hereof, is a public utility regulated by the Indiana Utility Regulatory Commission. The Company shall exercise such optional redemption upon not less than 30 nor more than 60 days’ noticenotice by mail, at a redemption price (the “Redemption Price equal to 100% of the principal amount of the Series 2015A Notes being redeemed plus accrued and unpaid interest (including any Additional InterestPrice”) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) accrued thereon to but excluding the applicable redemption date; provided, however, that interest payable on an IQ Note with respect to an Interest Payment Date that falls on or before such redemption date shall be made to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, Holder thereof on the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal Regular Record Date related to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption such Interest Payment Date. In the event of redemption of the Series 2015A IQ Notes in part only, a new Series 2015A IQ Note or IQ Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the presentation and surrender thereof. The Series 2015A Notes will not have a sinking fund, as set forth in Section 3A.08 of the Base Indenture. Notice of redemption shall be given as provided in Section 1104 3A.05 of the Original Base Indenture. Any redemption of less than all of the Series 2015A IQ Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Supplemental Indenture (Vectren Utility Holdings Inc)

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Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the The Series 2015A 2014A Notes will be subject to redemption at the option of the Company Company, in whole or in part part, at any time and from time to time, upon not less than 30 nor more than 60 days’ notice, at a Redemption Price redemption prices equal to the greater of (1) 100% of the principal amount of the Series 2015A 2014A Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2014A Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 7.5 basis points (each, a “Redemption Price”), plus, in each case, accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2014A Notes in part only, a new Series 2015A 2014A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2014A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price. The Company shall calculate the Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2014A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 15December 1, 20202022, the Series 2015A 2017B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2017B Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2017B Notes being redeemed to the Redemption Date. In addition, before October 15December 1, 20202022, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A 2017B Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100101% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15December 1, 20202022, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A 2017B Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2017B Notes in part only, a new Series 2015A 2017B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2017B Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A 2017B Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At Prior to April 15, 2032 (the “Par Call Date”), the Company may redeem the Series 2022B Notes at its option, in whole or in part, at any time and from time to time time, upon not less than 10 nor more than 60 days’ notice, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Series 2022B Notes matured on the Par Call Date) on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount of the Series 2022B Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. On or after October 15, 2020the Par Call Date, the Company may redeem the Series 2015A Notes will be subject to redemption at the option of the Company 2022B Notes, in whole or in part part, at any time and from time to time, upon not less than 30 10 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2022B Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2022B Notes in part only, a new Series 2015A 2022B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2022B Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any notice of redemption with respect to any redemption occurring prior to the Par Call Date shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price. Any redemption of less than all of the Series 2015A 2022B Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 151, 20202021, the Series 2015A 2016A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2016A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2016A Notes being redeemed to the Redemption Date. In addition, before October 151, 20202021, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A 2016A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 151, 20202021, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A 2016A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2016A Notes in part only, a new Series 2015A 2016A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2016A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A 2016A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October 151, 20202022, the Series 2015A 2017A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 15 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2017A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2017A Notes being redeemed to the Redemption Date. In addition, before October 151, 20202022, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A 2017A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100101% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 151, 20202022, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A 2017A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2017A Notes in part only, a new Series 2015A 2017A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2017A Notes will not have a sinking fund. Notice Except as otherwise provided herein, notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A 2017A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Georgia Power Co

Redemption at the Company’s Option. At any time and from time to time on or after October 15, 2020, the The Series 2015A 2009A Notes will be subject to redemption at the option of the Company in whole or in part at any time and from time to time, upon not less than 30 nor more than 60 days’ notice. The Company shall have the right to redeem the Series 2009A Notes in whole or in part at redemption prices (each, at a Redemption Price Price”) equal to the greater of (1) 100% of the principal amount of the Series 2015A 2009A Notes to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Series 2009A Notes being redeemed plus accrued and unpaid interest (not including any Additional Interest) on the Series 2015A Notes being redeemed portion of such payments of interest accrued to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence ) discounted (for purposes of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interestdetermining present value) to the Redemption Date. In additionDate on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 35 basis points, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Eventplus, in wholeeach case, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2009A Notes in part only, a new Series 2015A 2009A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2009A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price. The Company shall calculate the Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2009A Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Southern Co)

Redemption at the Company’s Option. At Prior to April 15, 2028 (the “Par Call Date”), the Company may redeem the Series 2023B Notes at its option, in whole or in part, at any time and from time to time time, upon not less than 10 nor more than 60 days’ notice, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Series 2023B Notes matured on the Par Call Date) on a semiannual 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 the Redemption Date, and (2) 100% of the principal amount of the Series 2023B Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. On or after October 15, 2020the Par Call Date, the Company may redeem the Series 2015A Notes will be subject to redemption at the option of the Company 2023B Notes, in whole or in part part, at any time and from time to time, upon not less than 30 10 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2023B Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2023B Notes in part only, a new Series 2015A 2023B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2023B Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any notice of redemption with respect to any redemption occurring prior to the Par Call Date shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price. Any redemption of less than all of the Series 2015A 2023B Notes shall, with respect to the principal thereof, be divisible by $25.001,000. If less than all of the Series 2023B Notes are being redeemed, the selection of the Series 2023B Notes to be redeemed shall be done in accordance with the Depositary’s procedures.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time prior to August 1, 2019, the Series 2014B Notes will be subject to redemption at the option of the Company in whole or in part, upon not less than 30 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the Series 2014B Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2014B Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 10 basis points plus, in each case, accrued and unpaid interest thereon to the Redemption Date. At any time and from time to time on or after October 15August 1, 20202019, the Series 2015A 2014B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2014B Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2014B Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2014B Notes in part only, a new Series 2015A 2014B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A 2014B Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to August 1, 2019. The Company shall calculate such Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2014B Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October September 15, 20202021, the Series 2015A Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October September 15, 2020, if a Tax Event shall occur and be continuing2021, the Company may redeem redeem, upon not less than 30 nor more than 60 days’ notice, in whole but not in part, the Series 2015A Notes following the occurrence of that a Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October September 15, 2020, if a Rating Agency Event shall occur and be continuing2021, the Company may redeem may, upon not less than 30 nor more than 60 days’ notice, within the Series 2015A Notes 90 days after the conclusion of any review or appeal process instituted by the Company following the occurrence of that a Rating Agency Event, redeem, in whole, whole but not in part, the Notes at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A Notes in part only, a new Series 2015A Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof. The Series 2015A Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture. Any redemption of less than all of the Series 2015A Notes shall, with respect to the principal thereof, be divisible by $25.00.

Appears in 1 contract

Samples: Indenture (Legg Mason, Inc.)

Redemption at the Company’s Option. At Prior to September 15, 2033 (the “Par Call Date”), the Company may redeem the Series 2023E Notes at its option, in whole or in part, at any time and from time to time time, upon not less than 10 nor more than 60 days’ notice, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Series 2023E Notes matured on the Par Call Date) on a semiannual 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 the Redemption Date, and (2) 100% of the principal amount of the Series 2023E Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the Redemption Date. On or after October 15, 2020the Par Call Date, the Company may redeem the Series 2015A Notes will be subject to redemption at the option of the Company 2023E Notes, in whole or in part part, at any time and from time to time, upon not less than 30 10 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2023E Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) thereon to the Redemption Date. In the event of redemption of the Series 2015A 2023E Notes in part only, a new Series 2015A 2023E Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2023E Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any notice of redemption with respect to any redemption occurring prior to the Par Call Date shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no duty to determine, or verify the calculation of, the Redemption Price. Any redemption of less than all of the Series 2015A 2023E Notes shall, with respect to the principal thereof, be divisible by $25.001,000. If less than all of the Series 2023E Notes are being redeemed, the selection of the Series 2023E Notes to be redeemed shall be done in accordance with the Depositary’s procedures.

Appears in 1 contract

Samples: Southern Co

Redemption at the Company’s Option. At any time and from time to time on or after October prior to January 15, 20202028 (the “Par Call Date”), the Series 2015A 2021B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 15 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the Series 2021B Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2021B Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) from the Redemption Date to the Par Call Date discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 15 basis points plus, in each case, accrued and unpaid interest thereon to the Redemption Date. At any time and from time to time on or after the Par Call Date, the Series 2021B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 15 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2015A 2021B Notes being redeemed plus accrued and unpaid interest (including any Additional Interest) on the Series 2015A 2021B Notes being redeemed to the Redemption Date. In addition, before October 15, 2020, if a Tax Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Tax Event, in whole, but not in part, at a Redemption Price equal to 100% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In addition, before October 15, 2020, if a Rating Agency Event shall occur and be continuing, the Company may redeem the Series 2015A Notes following the occurrence of that Rating Agency Event, in whole, but not in part, at a Redemption Price equal to 102% of the principal amount to be redeemed plus any accrued but unpaid interest (including any Additional Interest) to the Redemption Date. In the event of redemption of the Series 2015A 2021B Notes in part only, a new Series 2015A 2021B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereofthereof (or through book-entry transfer for Global Securities). The Series 2015A 2021B Notes will not have a sinking fund. Notice of redemption shall be given as provided in Section 1104 of the Original Indenture, as amended, except that any such notice of redemption with respect to any redemption occurring prior to the Par Call Date shall not specify the Redemption Price therefor but only the manner of calculation thereof. The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to the Par Call Date. The Company shall calculate such Redemption Price and promptly notify the Trustee thereof. Any redemption of less than all of the Series 2015A 2021B Notes shall, with respect to the principal thereof, be divisible by $25.001,000.

Appears in 1 contract

Samples: Southern Co

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