Examples of Special Mandatory Redemption Event in a sentence
The Board of Directors may, in the discretion of the Board of Directors, appoint a Chairman of the Board and may designate the Chairman of the Board as Chief Executive Officer.
The Issuer will deliver notice of the Special Mandatory Redemption to the Trustee on the date of the Special Mandatory Redemption Event for delivery to Holders.
Upon the occurrence of a Special Mandatory Redemption Event, the Company will promptly (but in no event later than five Business Days following such Special Mandatory Redemption Event) cause notice to be delivered electronically or mailed, with a copy to the Trustee, to each Holder at its registered address (such date of notification to the holders, the “Special Mandatory Redemption Notice Date”).
Upon the occurrence of a Special Mandatory Redemption Event, the Company will be required to redeem the Notes in whole at a special mandatory redemption price (the “Special Mandatory Redemption Price”) equal to 101% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount of such Notes to, but excluding, the Special Mandatory Redemption Date (as defined below).
The Eighth Supplemental Indenture provides that the Company will cause the notice of redemption pursuant to Section 209 of the Eighth Supplemental Indenture to be sent to each Holder, with a copy to the Trustee, within five Business Days after the occurrence of a Special Mandatory Redemption Event.