The Optional Redemption Amount definition

The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may only effect an Optional Redemption if each of the Equity Conditions shall have been met (unless waived in writing by the Holder) on each Trading Day during the period commencing on the Optional Redemption Notice Date through to the Optional Redemption Date and through and including the date payment of the Optional Redemption Amount is actually made in full. If any of the Equity Conditions shall cease to be satisfied at any time during such period, then the Holder may elect to nullify the Optional Redemption Notice by notice to the Company within 3 Trading Days after the first day on which any such Equity Condition has not been met (provided that if, by a provision of the Transaction Documents, the Company is obligated to notify the Holder of the non-existence of an Equity Condition, such notice period shall be extended to the third Trading Day after proper notice from the Company) in which case the Optional Redemption Notice shall be null and void, ab initio. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.
View Source
The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may only effect an Optional Redemption if each of the Equity Conditions shall have been met (unless waived in writing by the Holder) on each Trading Day during the period commencing on the Optional Redemption Notice Date through to the Optional Redemption Date and through and including the date payment of the Optional Redemption Amount is actually made in full. If any of the Equity Conditions shall cease to be satisfied at any time during the Optional Redemption Period, then the Holder may elect to nullify the Optional Redemption Notice by notice to the Company within 3 Trading Days after the first day on which any such Equity Condition has not been met (provided that if, by a provision of the Transaction Documents, the Company is obligated to notify the Holder of the non-existence of an Equity Condition, such notice period shall be extended to the third Trading Day after proper notice from the Company) in which case the Optional Redemption Notice shall be null and void, ab initio. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full. The Company's determination to pay an Optional Redemption in cash shall be applied ratably to all of the holders of the then outstanding Debentures based on their (or their predecessor's) initial purchases of Debentures pursuant to the Purchase Agreement.
View Source

Examples of The Optional Redemption Amount in a sentence

  • The Optional Redemption Amount is payable in full on the Optional Redemption Date.

  • The Optional Redemption Amount is due in full on the Optional Redemption Date.

  • The Optional Redemption Amount shall be reduced by the number of any Series A Preferred Units called for redemption by the Partnership (which shall be on a pro rata basis) in cash prior to the Optional Redemption Date.

  • The Optional Redemption Amount is payable in full on the Holder Optional Redemption Date.

  • The Optional Redemption Amount as determined in accordance with Schedule 6(a), is payable in full on the Optional Redemption Date.

  • The Optional Redemption Amount is payable in full on the Optional Redemption Date less any portion of this Debenture which has been converted prior to the Optional Redemption Date.

  • The Optional Redemption Amount is payable in full in cash on the Optional Redemption Date.

  • The Optional Redemption Amount will either be the Early Redemption Amount (as described in Condition 7(b) above) or, if Make-whole Amount is specified in the relevant Final Terms, will be the higher of (a) 100 per cent.

  • The Optional Redemption Amount shall be paid in full on the Optional Redemption Date.

  • The Optional Redemption Amount is payable in full and the Redemption Warrant is issuable on the Optional Redemption Date.