Right of Redemption. The Securities may be redeemed at the election of the Company, in the amounts, at the times, at the Redemption Prices (together with any applicable accrued and unpaid interest to the Redemption Date), and subject to the conditions specified in the form of Security and hereinafter set forth.
Right of Redemption. 93 Section 10.02. Applicability of Article.....................................93 Section 10.03. Election to Redeem; Notice to Trustee........................93 Section 10.04. Selection by Trustee of Notes to Be Redeemed.................93 Section 10.05.
Right of Redemption. 56 Section 1102. Applicability of Article.................. 56
Right of Redemption. The Securities may be redeemed in accordance with the provisions of the form of Securities set forth in Section 2.2.
Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "REDEMPTION NOTICE"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date. If the Closing Bid Price of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Price at the time of the Redemption Notice, the Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium equal to eight percent (8%) of the principal amount being redeemed ("REDEMPTION PREMIUM"), and accrued interest, (collectively referred to as the "REDEMPTION AMOUNT"). In the event the Closing Bid Price of the Obligor's Common Stock is above the Fixed Price at the time of a Redemption Notice the Obligor can redeem fifty percent (50%) of the principal amounts outstanding under this Debenture at the Redemption Amount and the remaining fifty percent (50%) at the greater of (i) the Redemption Amount and (ii) the market value of this Debenture's underlying common stock on an as converted basis utilizing the Closing Bid Price of the Company's Common Stock on the day of the Redemption Notice. The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing, in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day period. In the event the Obligor exercises a redemption of either all or a portion of the outstanding principal amounts plus accrued interest due and outstanding under this debenture as outlined herein, the Holder shall receive a warrant to purchase twenty five thousand (25,000) shares of the Company's Common Stock for every One Hundred Thousand Dollars ($100,000) redeemed, pro rata. (the "WARRANT") The Warrant shall be exercisable on a "cash basis" and have an exercise price of one hundred five percent (105%) of the Closing Bid Price of the Obligor's Common Stock on the Closing Date, as quoted by Bloomberg, LP, per share. The Warrant shall have "piggy-back" registration rights and shall survive for three (3) years from the Closing Date.
Right of Redemption. The Issuer may redeem all or any portion of the Notes upon the terms and at the Redemption Prices set forth in the Notes. Any redemption pursuant to this Section 3.01 shall be made pursuant to the provisions of this Article Three.
Right of Redemption. 39 SECTION 3.02. Notices to Trustee............................................ 40 SECTION 3.03.
Right of Redemption. 28 Section 3.2. Notices to Trustee...................................................... 29 Section 3.3. Selection of Securities to Be Redeemed.................................. 29 Section 3.4.
Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.
Right of Redemption. The Securities will be subject to redemption at the option of the Issuer, 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, on the terms and at the redemption prices (expressed as percentages of principal amount) set forth in paragraph 5 on the reverse of the form of Security, plus accrued and unpaid interest thereon (if any) to the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date).
