Redemption Terms. The Company reserves the right, at its sole option, to call a mandatory redemption of any percentage of the balance on the Debentures during the two hundred ten (210) day period following the Closing Date. In the event the Company exercises such right of redemption up to and including the two hundred tenth (130th) day following the Closing Date it shall pay the Holder, in U.S. currency One Hundred Thirty Percent (130%) of the face amount of the Debentures redeemed. Mandatory redemption by the Company shall be effected by the Company notifying the Holder by facsimile at the number listed in the Subscription Agreement of the Company's intention to exercise its right of mandatory redemption. The Company shall state in such notice the dollar amount of the Debentures it intends to redeem, the amount that it will pay to effectuate such redemption and the date by which the Holder must deliver the Debentures to Xxxxxx X. XxXxxxx, Escrow Agent (including the Escrow Agent's address) unless the Company is already in receipt of those Debentures to be redeemed. The date by which the Debentures must be delivered to the Escrow Agent shall not be later than 10 business days following the date the Company notifies the Holder by facsimile of the redemption. The Company shall give the Holder at least 2 business day's notice of the above information. On or before the date by which the Holder is to deliver the original Debentures to the Escrow Agent, the Company shall wire to the Escrow Agent that amount necessary to pay the Holder to effectuate the mandatory redemption. Once the Escrow Agent is in receipt of the original Debentures and those funds necessary to effectuate the mandatory conversion he shall wire those funds to the Holder and deliver to the Company the original Debentures via overnight courier. The Holder shall not be entitled to send a Conversion Notice to the Company with respect to the Debentures being redeemed during such period.
Redemption Terms. The Class A Preferred Security shall not be redeemable.
Redemption Terms. (i) On June 30, 2018 (the “Initial Redemption Date”) and on any Class B Payment Date falling on or after the Initial Redemption Date, the Class B Preferred Securities shall be redeemable at the option of the Company, in whole but not in part, at a redemption price per Class B Preferred Security equal to the Class B Liquidation Preference Amount, plus any accrued and unpaid Capital Payments in respect of the then current Class B Payment Period to but excluding the date of redemption (the “Class B Redemption Date”), plus, in respect of the Upper Tier 2 Percentage of the Class B Preferred Securities, all outstanding Arrears of Payments, if any, on such portions, plus Additional Amounts, if any, on such portion (the sum of which is the “Redemption Price”), provided that, the Company may exercise its right to redeem the Class B Preferred Securities only if (A) the Company has given 30 calendar days’ prior notice (or such longer period as may be required by the relevant regulatory authorities) to the Class B Preferred Securityholders of its intention to redeem the Class B Preferred Securities on the Class B Redemption Date and (B) the Company has obtained any required regulatory approvals.
Redemption Terms. The Debentures shall be redeemable at the expiry of 24 months from the date of their issue. In the event of the company failing to redeem the Debentures upon being called upon to do so, the company shall be liable to pay penal interest compounded on a daily basis at a rate of 4 % per annum over and above the normal interest rate payable by the company from the date of default till the date of actual redemption. This remedy shall be in addition to all other remedies available with the Debenture holder.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership at any time prior to maturity in an amount equal to the principal thereof and Make-Whole Amount (as defined in the Indenture), if any, and interest thereon.
Redemption Terms. Eighty five percent (85%) of the total value of each partial delivery of the equipment in operation shall be paid in 20 biannual installments, equal and consecutive. The first installment shall be due six (6) months after each date of the transaction of receipt of the goods and their placing in operation. E)
Redemption Terms. Upon conversion of the Bonds to the Fixed Rate Mode, the Bonds shall be remarketed at par, shall mature on the same maturity date and be subject to the same mandatory and optional redemption provisions as set forth in this Agreement for any prior Mode; provided, however, that if the Company shall deliver to the Trustee a Favorable Opinion of Bond Counsel, the Company may elect to (1) change the optional redemption dates and/or premiums set forth in Section 512(b) hereof, and/or
Redemption Terms. The 2003 Bonds maturing on and after 1, 20 are subject to redemption on and after 1, 20 , at the option of the Borough, on any date, at a price of 100% of the principal amount thereof to be redeemed, plus accrued interest to the date of redemption. AMBB/General Obligation Bonds, 2003 Series C Loan Agreement - Exhibit A
Redemption Terms. The Company may redeem at any time at a redemption price equal to the greater of (i) the principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the date of redemption on a semi-annual basis at the Treasury Yield plus 0.15%, plus accrued interest to the date of redemption. Payment to be made in federal (same day) funds. X Yes ____ No --- Closing Date and Location: October 2, 2000 Northern States Power Company 000 Xxxxxxxx Xxxx, Xxxxx 0000 Xxxxxxxxxxx, XX 00000 Office for Delivery of Debt Securities: The Depository Trust Company c/o Firstar Bank, N.A. 0000 X. Xxxxx Xxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 Office for Payment of Debt Securities: Northern States Power Company 000 Xxxxxxxx Xxxx, Xxxxx 0000 Xxxxxxxxxxx, XX 00000 Office for Checking of Debt Securities: The Depository Trust Company c/o Firstar Bank, N.A. 0000 X. Xxxxx Xxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxx, XX 5321 SCHEDULE II NAME OF UNDERWRITER PRINCIPAL AMOUNT OF ------------------- DEBT SECURITIES --------------- Xxxxxxx Xxxxx Barney Inc. 80,000,000 --------------- Total .........................................................$80,000,000 =============== EXHIBIT A FORM OF OPINION OF XXXX X. XXXXXXX RE: $ 80,000,000 PRINCIPAL AMOUNT OF DEBT SECURITIES, SERIES DUE 2008,7.64% OF NORTHERN STATES POWER COMPANY, A WISCONSIN CORPORATION. Gentlemen:
