Maturity, Redemption and Purchase Clause Samples
The 'Maturity, Redemption and Purchase' clause defines the terms under which a financial instrument, such as a bond or note, reaches its maturity date, can be redeemed by the issuer, or purchased by either the issuer or third parties before maturity. It typically outlines the specific date when the principal must be repaid, the conditions and procedures for early redemption (such as at the issuer’s option or upon certain events), and the rights of the issuer or others to buy back the instrument in the open market. This clause ensures all parties understand when and how the instrument can be settled or retired, providing clarity and predictability regarding the lifecycle and potential early termination of the financial obligation.
Maturity, Redemption and Purchase. (1) Unless previously redeemed for tax reasons as provided in the terms and conditions of the Notes, or purchased, the principal amount of the Notes shall be due and payable on July 6, 2025.
(2) In accordance with the terms and conditions of the Notes, upon receipt of a notice of intention to redeem as contemplated in the provisions under “Maturity, Redemption and Purchases” in the terms and conditions of the Notes, not less than 30 days nor more than 60 days prior to the date fixed for redemption, the Issuer shall cause to be given to the Holders (with a copy to the Registrar), in accordance with the provisions under “Notices” in the terms and conditions of the Notes, a notice of redemption stating: (i) the date fixed for redemption, (ii) the CUSIP Number, (iii) the redemption price and (iv) if applicable, the place or places of surrender of the Notes to be redeemed. The Issuer may request the Registrar to deliver such notice of redemption to Holders on its behalf provided that the Issuer has given such request to the Registrar at least five (5) Business Days prior to the last day on which notice of redemption may be given to the Holders.
(3) The Issuer may, if not in default under the Notes , purchase Notes at any time in any manner and at any price. If the purchases are made by tender, tenders must be available to all holders of the Notes alike.
Maturity, Redemption and Purchase. Unless previously redeemed for tax reasons as provided in the terms and conditions of the Notes, or purchased, the principal amount of the Notes shall be due and payable on [ ]. In accordance with the terms and conditions of the Notes, upon receipt of a notice of intention to redeem and the certificate contemplated in the provisions under “Maturity, Redemption and Purchases” in the terms and conditions of the Notes, not less than 30 days nor more than 45 days prior to the date fixed for redemption, the Registrar shall cause to be given on behalf of the Issuer, in accordance with the provisions under “Notices” in the terms and conditions of the Notes, a notice of redemption stating: (i) the date fixed for redemption; (ii) the redemption price and (iii) if applicable, the place or places of surrender of the Notes to be redeemed. The Issuer may, if not in default under the Notes, at any time purchase Notes in the open market, or by tender or by private contract at any price.
Maturity, Redemption and Purchase. (a) To the extent the Bonds have not previously been redeemed, converted, or repurchased and cancelled they will be redeemed at their Principal Amount on the Maturity Date.
(b) The Issuer may, on giving not less than 55 and no more than 70 Business Days' prior notice to the Bondholders in accordance with § 14, redeem all, but not some only, of the outstanding Bonds with effect on the Redemption Date (which shall be no earlier than 17 December 2025 and no later than on the last day of the Conversion Period in accordance with clause (ii)(x) of the definition of the term "Conversion Period"). However, such notice may only be given if the Share Price on each of not less than 20 Trading Days during an observation period of 30 consecutive Trading Days is equal to or exceeds 130 per cent. of the Conversion Price in effect on each such Trading Day. In the case such notice is given, the Issuer will redeem the Bonds at their Principal Amount on the Redemption Date. The Issuer must publish the notice of early redemption no later than on the fifth Business Day after the last day of the relevant 30 consecutive Trading Days' observation period. The notice of early redemption is irrevocable and must specify (i) the Redemption Date, (ii) the last day on which Conversion Rights may be exercised by Bondholders in accordance with § 8(a) in connection with clause (ii)(y) of the definition of the term "Conversion Period" and (iii) the facts which establish the right of the Issuer to redeem the Bonds.
(c) The Issuer may, on giving not less than 55 and no more than 70 Business Days' prior notice to the Bondholders in accordance with § 14, redeem all, but not some only, of the outstanding Bonds with effect on the Redemption Date (which shall fall no later than on the last day of the Conversion Period in accordance with clause (ii)(x) of the definition of the term "Conversion Period") if at any time the aggregate principal amount of the Bonds outstanding and held by persons other than the Issuer and its Subsidiaries has fallen to 20 per cent. or less of the aggregate principal amount of the Bonds originally issued (including any Bonds additionally issued in accordance with § 15). In the event such notice is given, the Issuer will redeem the Bonds at their Principal Amount on the Redemption Date. The notice of early redemption is irrevocable and must specify (i) the Redemption Date, (ii) the last day on which Conversion Rights may be exercised by Bondholders in accordance with § 8(...
Maturity, Redemption and Purchase. Unless previously redeemed for tax reasons as provided in the terms and conditions of the Notes, or purchased, the principal amount of the Notes shall be due and payable on August 25, 2021. In accordance with the terms and conditions of the Notes, upon receipt of a notice of intention to redeem and the certificate contemplated in the provisions under “Maturity, Redemption and Purchases” in the terms and conditions of the Notes, not less than 30 days nor more than 60 days prior to the date fixed for redemption, the Registrar shall cause to be given on behalf of the Issuer, in accordance with the provisions under
Maturity, Redemption and Purchase. (1) Unless previously redeemed for tax reasons as provided in the terms and conditions of the Securities, or purchased, the principal amount of the Securities shall be due and payable on [ ]. [Add any redemption provisions]
(2) In accordance with the terms and conditions of the Securities, upon receipt of a notice of intention to redeem not less than 30 days nor more than 45 days prior to the date fixed for redemption, the Fiscal Agent shall cause to be given on behalf of the Issuer, in accordance with the provisions under "Notices" in the terms and conditions of the Securities, a notice of redemption stating: (i) the date fixed for redemption; (ii) the redemption price; (iii) if applicable, the place or places of surrender of the Securities to be redeemed; (iv) the CUSIP numbers, if any, of the Securities to be redeemed; and (v) that interest on the Securities to be redeemed shall cease to accrue on or after the date fixed for redemption thereof.
(3) The Issuer may, if not in default under the Securities, at any time purchase Securities in the open market, or by tender or by private contract at any price.