Common use of Optional Put Clause in Contracts

Optional Put. (a) Securities shall be purchased by the Company, at the option of any Holder thereof, in accordance with the provisions of paragraph 6 of the Securities on March 1 of 2015, 2020, 2025 and 2030 (each, a "PURCHASE DATE") at a purchase price in cash equal to 100% of the principal amount of those Securities, plus accrued and unpaid interest (including Contingent Interest, if any, and Additional Interest, if any) to, but not including, the Purchase Date (the "PURCHASE PRICE"), subject to satisfaction by or on behalf of the Holder of the requirements set forth in Section 4.1(c).

Appears in 1 contract

Sources: Indenture (Unisource Energy Corp)

Optional Put. (a) Securities shall be purchased by the Company, at the option of any Holder thereof, in accordance with the provisions of paragraph 6 of the Securities on March 1 May 15 of 20152011, 20202014, 2025 2019, 2024 and 2030 2029 (each, a "PURCHASE DATE"“Purchase Date”) at a purchase price in cash equal to 100% of the principal amount of those Securities, Securities plus accrued and unpaid interest (including Contingent Interest, if any, Interest and Additional Interest, if any) to, but not includingexcluding, the Purchase Date (the "PURCHASE PRICE"“Purchase Price”), subject to satisfaction by or on behalf of the Holder of the requirements set forth in Section 4.1(c).

Appears in 1 contract

Sources: Indenture (Quanex Corp)