Mandatory Redemption or Repurchase Sample Clauses

The Mandatory Redemption or Repurchase clause requires the issuer of a security, such as bonds or preferred shares, to buy back or redeem the securities from holders at specified times or upon the occurrence of certain events. This clause typically outlines the conditions under which redemption must occur, such as reaching a maturity date, a change of control, or failure to meet financial covenants, and may specify the price or formula for repurchase. Its core function is to provide investors with assurance that they will be able to recover their investment under predetermined circumstances, thereby reducing uncertainty and risk.
Mandatory Redemption or Repurchase. Except as otherwise provided in Section 4.11 or Section 4.16 below, the Issuers shall not be required to make mandatory redemption payments with respect to the Notes or be required to repurchase any Notes.
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Mandatory Redemption or Repurchase. The Company shall be required to make an offer to repurchase the Notes of any Series upon the occurrence of a Change of Control Triggering Event on the terms and conditions described in Section 2.4 hereof.
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Mandatory Redemption or Repurchase. IRSA PC shall be required to make an offer to repurchase the Notes as provided in Section 3.21 of the Base Indenture.
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Mandatory Redemption or Repurchase. The Series A New Bonds shall be subject to mandatory redemption by the Company prior to maturity at any time in whole or in part at a redemption price of 100% of the principal amount to be redeemed, plus accrued and unpaid interest, if any, to the redemption date, upon receipt by the Trustee of notice from the Series A Project Bond Trustee to the effect that (a) the Company is required to deliver moneys to the Series A Project Bond Trustee for the redemption or repurchase of the corresponding Series A Project Bonds in whole or in part, as the case may be, as provided in Section 6.3 and Section 4.8 of the Series A Loan Agreement and (b) an equivalent principal amount of such Series A Project Bonds are being concurrently called for redemption or being accepted for repurchase. Said notice shall specify the redemption or repurchase date of such Series A New Bonds (which redemption or repurchase date shall be the same date as the redemption or repurchase date specified in said notice for the Series A Project Bonds being concurrently redeemed or being accepted for repurchase). Any such redemption shall be made upon the notice and in the manner provided in this Article One, subject to the provisions of the First Mortgage as amended.
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Mandatory Redemption or Repurchase. Except as set forth in Section 3.09, Section 4.12 and Section 4.18 of the Indenture, SFC shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
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Mandatory Redemption or Repurchase. Except as set forth in Sections 3.09, 4.12, 4.18 and 4.19 hereof, the Company shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
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Mandatory Redemption or Repurchase. Except as set forth in Sections 3.09, 4.12, 4.18 and 4.19 of the Indenture, the Issuer shall not be required to make mandatory redemption payments, repurchase offers or sinking fund payments with respect to the Notes.
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Mandatory Redemption or Repurchase. The New Bonds shall be subject to mandatory redemption by the Company prior to maturity at any time in whole or in part at a redemption price of 100% of the principal amount to be redeemed, plus accrued and unpaid interest, if any, to the redemption date, upon receipt by the Trustee of notice from the Company to the effect that (a) the Company is required to mandatorily prepay or repay the Loans in whole or in part, as the case may be, as provided in Section 2.07 of the Credit Agreement and (b) an equivalent principal amount of such Loans are being prepaid or repaid. Said notice shall specify the redemption date of such New Bonds (which redemption date shall be the same date as the prepayment or repayment date of the corresponding Loan). Any such redemption shall be made upon the notice and in the manner provided in this Article One, subject to the provisions of the First Mortgage as amended.
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Related to Mandatory Redemption or Repurchase

  • Mandatory Redemption The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

  • Redemption or Repurchase The Distributor shall act as agent for the Trust in connection with the redemption or repurchase of Series shares by the Trust to the extent and upon the terms and conditions set forth in the current applicable prospectus of the Trust relating to the Series shares, and the Trust agrees to reimburse the Distributor, from time to time upon demand, for any reasonable expenses incurred in connection with such redemptions or repurchases. The Trust will remit to the Distributor any contingent deferred sales charges imposed on redemptions or repurchases of Series shares (other than Class B shares) upon the terms and conditions set forth in the then current prospectus of the Trust. The Trust will also remit to the Distributor (or its designee or transferee), in addition to the Class B Distribution Fee, any contingent deferred sales charges imposed on redemptions or repurchases of Class B shares, in accordance with the Remittance Agreement attached hereto as Exhibit B.

  • No Mandatory Redemption The Company shall not be required to make mandatory redemption payments with respect to the Securities.

  • Special Mandatory Redemption (a) If the Company does not consummate the Merger on or prior to June 17, 2020 (the “Outside Date”), or if, prior to the Outside Date, the Company notifies the Trustee in writing that the Merger Agreement is terminated or that in the Company’s reasonable judgment the Merger will not be consummated on or prior to the Outside Date (each, a “Special Mandatory Redemption Event”), the Company shall redeem the Notes in whole but not in part at a special mandatory redemption price (the “Special Mandatory Redemption Price”) equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date (as defined below) (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on any Interest Payment Date that is on or prior to the Special Mandatory Redemption Date), in accordance with the applicable provisions set forth herein and in Article 10 of the Base Indenture. (b) Upon the occurrence of a Special Mandatory Redemption Event, the Company shall promptly (but in no event later than 10 Business Days following such Special Mandatory Redemption Event) notify (such notice to include the Officers’ Certificate required by Section 10.2 of the Base Indenture) the Trustee in writing of such event, and the Trustee shall, no later than 5 Business Days following receipt of such notice from the Company, notify the Holders of Notes (such date of notification to the Holders, the “Special Mandatory Redemption Notice Date”) that all of the Notes outstanding will be redeemed on the 3rd Business Day following the Special Mandatory Redemption Notice Date (such date, the “Special Mandatory Redemption Date”) automatically and without any further action by the Holders of Notes, in each case in accordance with the applicable provisions set forth herein and in Article 10 of the Base Indenture, the form of such notice to the Holders of the Notes to be included in such notice to the Trustee. At or prior to 12:00 p.m., New York City time, on the Business Day immediately preceding the Special Mandatory Redemption Date, the Company shall deposit with the Trustee funds sufficient to pay the Special Mandatory Redemption Price for the Notes. If such deposit is made as provided above, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date.

  • Repurchase and Redemption Section 4.01.