Common use of Optional Redemption at Election of Company Clause in Contracts

Optional Redemption at Election of Company. Subject to the provisions of this Section, at any time after twelve months after the Original Issue Date, the Company may deliver to the Holder an optional redemption notice (the “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal and accrued interest amount of this Impact Note for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 10th Business Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date.

Appears in 1 contract

Samples: uploads-ssl.webflow.com

AutoNDA by SimpleDocs

Optional Redemption at Election of Company. Subject to the provisions of this SectionSection 6(a), at any time after twelve Six (6) months after the Original Issue Date, the Company may deliver to the Holder (an optional redemption notice (the “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal and amount and/or accrued interest amount of this Impact Note for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 10th Business Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date.

Appears in 1 contract

Samples: American Resources Corp

Optional Redemption at Election of Company. Subject to the provisions of this SectionSection 10.01, at any time after twelve months after the Original eighteen (18) month anniversary of the Initial Issue Date, the Company may deliver a notice to the Holder Holders (with a copy to the Trustee) (an optional redemption notice (the “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal and accrued interest amount of this Impact Note for cash the Notes in an amount equal to the Optional Redemption Amount on the 10th Business 30th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 10th Business 30 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”)) in cash. The Each Optional Redemption Amount is payable in full on the Optional Redemption Date.Notice shall be irrevocable and specify:

Appears in 1 contract

Samples: Indenture (ProSomnus, Inc.)

Optional Redemption at Election of Company. Subject to the provisions of this SectionSection 6(a), at any time after twelve months after the Original Issue 6-month anniversary of the Closing Date, the Company may deliver a notice to the Holder (an optional redemption notice (the “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal and accrued interest amount of this Impact Note Debenture for cash in an amount equal to the Optional Redemption Amount on the 10th Business 20th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 10th Business 20 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date.

Appears in 1 contract

Samples: Digital Angel Corp

AutoNDA by SimpleDocs

Optional Redemption at Election of Company. Subject to the provisions of this SectionSection 10.01, at any time after twelve months after the Original Issue DateJune 6, 2024, the Company may deliver a notice to the Holder Holders (with a copy to the Trustee) (an optional redemption notice (the “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal and accrued interest amount of this Impact Note for cash the Notes in an amount equal to the Optional Redemption Amount on the 10th Business 30th Trading Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 10th Business 30 Trading Day period, the “Optional Redemption Period” and such redemption, the “Optional Redemption”)) in cash. The Each Optional Redemption Amount is payable in full on the Optional Redemption Date.Notice shall be irrevocable and specify:

Appears in 1 contract

Samples: Intercreditor Agreement (ProSomnus, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.