Common use of Special Redemption Clause in Contracts

Special Redemption. At any time or from time to time, in the event the Company completes one or more Equity Offerings on or before April 15, 2006, the Company may, at its option, use the net cash proceeds from any such Equity Offerings to redeem up to 35% of the principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Date, provided, however, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains outstanding immediately after each such Special Redemption; and (2) such Special Redemption shall occur not more than 120 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6.

Appears in 1 contract

Samples: Indenture (Dan River Inc /Ga/)

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Special Redemption. At any time time, or from time to time, in the event the Company completes one or more Equity Offerings on or before April prior to June 15, 2006, the Company mayCompany, at its option, may use the net cash proceeds from any such of one or more Equity Offerings to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750110.375% of the principal amount thereof, together with accrued and unpaid interest and Additional Interestinterest, if any, to the Redemption Datedate of redemption, provided, however, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) provided, further, the Company shall make such Special Redemption shall occur not more later than 120 60 days after the date of the closing consummation of the applicable any such Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6.

Appears in 1 contract

Samples: Crum & Forster Holdings Corp

Special Redemption. At any time or from time to time, in the event the Company completes one or more Equity Offerings on or before April 15July 1, 2006, the Company may, at its option, use the net cash proceeds from any such Equity Offerings to redeem up to 35% of the principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750109.500% of the principal amount thereof, together with accrued and unpaid interest and Additional Interestthereon, if any, to the Redemption Date, provided, however, provided that (1) at least 65% of the original principal amount of the Notes issued hereunder remains outstanding immediately after each such Special Redemption; and (2) such Special Redemption shall occur not more than 120 90 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6.

Appears in 1 contract

Samples: Indenture (Mobile Mini Inc)

Special Redemption. At any time or from time to time, in In the event the Company completes one or more Equity Offerings on or before April 15June 1, 2006, the Company may, at its option, use the net cash proceeds from any such Equity Offerings Offering to redeem up to 35% of the principal amount of the Notes issued under this Indenture (a "Special Redemption") at a Redemption Price of 112.750111.250% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Datedate of redemption, provided, however, provided that (1a) at least 65% of the original principal amount of the Notes issued hereunder remains under this Indenture will remain outstanding immediately after each such Special Redemption; Redemption and (2b) such Special Redemption shall occur not more than 120 90 days after the date of the closing consummation of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Indenture (Omnova Solutions Inc)

Special Redemption. At any time time, or from time to time, time in the event the Company completes one or more Equity Offerings on or before April 15, 2006, the Company may, at its option, use the net cash proceeds from any such Equity Offerings to redeem up to 35% of the principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Date, provided, however, that (1a) at least 65% of the original principal amount of the Notes issued hereunder under the Indenture remains outstanding immediately after each such Special Redemption; and (2b) each such Special Redemption shall occur not more than 120 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.6.

Appears in 1 contract

Samples: Indenture (Dan River Inc /Ga/)

Special Redemption. At any time or from time to time, in In the event the Company completes one or more Public Equity Offerings on or before April June 15, 20062005, the Company mayCompany, at its option, may use the net cash proceeds from any such Public Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750109.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Datedate of redemption, provided, however, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) provided, further, that such Special Redemption shall occur not more than within 120 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Ironton Iron Inc

Special Redemption. At any time or from time to time, in In the event the Company completes one or more Equity Offerings on or before April 15December 1, 20062005, the Company mayCompany, at its option, may use the net cash proceeds from any such Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750109.750% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Datedate of redemption, provided, however, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) provided, further, that such Special Redemption shall occur not more than 120 within 90 days after the date of the closing of the applicable Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Granite Broadcasting Corp

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Special Redemption. At any time or from time to time, in In the event the Company completes one or more Public Equity Offerings on or before April January 15, 20062000, the Company mayCompany, at in its optiondiscretion, may use the net cash proceeds from any such Public Equity Offerings Offering to redeem up to 3533-1/3% of the original principal amount of the Notes (a "Special RedemptionSPECIAL REDEMPTION") at a Redemption Price of 112.750111% of the principal amount thereof, together with accrued and unpaid interest and Additional InterestLiquidated Damages, if any, to the Redemption Datedate of redemption, providedPROVIDED, howeverHOWEVER, that (1) at least 6566-2/3% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) PROVIDED, FURTHER, that such Special Redemption shall occur not more than 120 within 90 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Indenture (Commemorative Brands Inc)

Special Redemption. At any time or from time to time, in In the event the Company completes one or more Public Equity Offerings on or before April 15January 1, 20062005, the Company mayCompany, at its option, may use the net cash proceeds from any such Public Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "Special RedemptionSPECIAL REDEMPTION") at a Redemption Price of 112.750111.625% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Datedate of redemption, providedPROVIDED, howeverHOWEVER, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) PROVIDED, FURTHER, that such Special Redemption shall occur not more than within 120 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Commemorative Brands Inc

Special Redemption. At any time or from time to time, in In the event the Company completes one or more Public Equity Offerings on or before April February 15, 2006, the Company mayCompany, at its option, may use the net cash proceeds from any such Public Equity Offerings Offering to redeem up to 35% of the original principal amount of the Notes (a "Special Redemption") at a Redemption Price of 112.750111% of the principal amount thereof, together with accrued and unpaid interest and Additional Interest, if any, to the Redemption Datedate of redemption, provided, however, that (1) at least 65% of the original principal amount of the Notes issued hereunder remains will remain outstanding immediately after each such Special Redemption; and (2) provided, further, that such Special Redemption shall occur not more than 120 within 90 days after the date of the closing of the applicable Public Equity Offering. Any redemption pursuant to this Section 3.8 shall be made pursuant to the provisions of Sections 3.1 through 3.63.6 hereof.

Appears in 1 contract

Samples: Indenture (Anchor Glass Container Corp /New)

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