Optional Redemption 100 Clause Samples

The Optional Redemption 100 clause allows the issuer of a security, such as a bond, to redeem or buy back the security from investors before its scheduled maturity at a price equal to 100% of its principal amount. This means the issuer can choose to repay the full face value of the bond, typically after a specified date or under certain conditions, without paying a premium. The core function of this clause is to provide the issuer with flexibility to manage its debt obligations, potentially refinancing at more favorable terms or reducing interest costs, while giving investors clarity on the terms and price at which early redemption may occur.
Optional Redemption 100. Section 15.02.
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Optional Redemption 100. Section 16.02. Notice of Optional Redemption; Selection of Notes 100 Section 16.03. Payment of Notes Called for Redemption 101
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Optional Redemption 100. Section 16.02 . Notice of Optional Redemption; Selection of Notes 100 Section 16.03 . Payment of Notes Called for Redemption 102 Section 16.04 . Restrictions on Redemption 103 Section 17.01 . Provisions Binding on Company’s Successors 103 Section 17.02 . Official Acts by Successor Entity 103 Section 17.03 . Addresses for Notices, Etc. 103 Section 17.04 . Governing Law; Jurisdiction 104 Section 17.05 . Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 104 Section 17.06 . Legal Holidays 105 Section 17.07 . No Security Interest Created 105 Section 17.08 . Benefits of Indenture 105 Section 17.09 . Table of Contents, Headings, Etc. 106 Section 17.10 . Authenticating Agent 106 Section 17.11 . Execution in Counterparts 107 Section 17.12 . Severability 107 Section 17.13 . Waiver of Jury Trial 107 Section 17.14 . Force Majeure 107 Section 17.15 . Calculations 108 Section 17.16 . USA PATRIOT Act 108 Section 17.17 . Electronic Signatures 108 EXHIBIT Exhibit A - Form of Note A-1 INDENTURE dated as of April 1, 2025 between GAMESTOP CORP., a Delaware corporation, as issuer (the “Company,” as more fully set forth in Section 1.01) and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as more fully set forth in Section 1.01).
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Optional Redemption 100. SECTION 5.2. Election to Redeem; Notice to Trustee of Optional and Mandatory Redemptions 101 SECTION 5.3. Selection by Trustee of Notes to Be Redeemed 101 SECTION 5.4. Notice of Redemption 101 SECTION 5.5. Deposit of Redemption Price 102 SECTION 5.6. Notes Payable on Redemption Date 102 SECTION 5.7. Notes Redeemed in Part 103 SECTION 5.8. Offer to Repurchase 103 SECTION 5.9. Special Mandatory Redemption 105
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Related to Optional Redemption 100

  • Optional Redemption (a) Except as described below, the 2028 Notes are not redeemable until April 1, 2023. On and after April 1, 2023, the Issuer may redeem all or, from time to time, part of the 2028 Notes upon not less than 10 nor more than 60 days’ notice, at the following redemption prices (expressed as a percentage of the principal amount) plus accrued and unpaid interest, to, but not including, the applicable redemption date (subject to the right of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period beginning on April 1, of the years indicated below: 2023 103.750 % 2024 101.875 % 2025 101.250 % 2026 and thereafter 100.000 % (b) Prior to April 1, 2023, the Issuer may redeem all, or from time to time, a part of the 2028 Notes upon not less than 10 nor more than 60 days’ notice at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium and accrued and unpaid interest, to, but not including, the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). (c) Prior to April 1, 2021, the Issuer may on any one or more occasions redeem up to 40% of the original principal amount of the 2028 Notes (including, in each case, the principal amount of any 2028 Additional Notes), upon not less than 10 nor more than 60 days’ notice, with funds in an aggregate amount not exceeding the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 107.500% of the principal amount of the 2028 Notes, plus, accrued and unpaid interest to, but not including, the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that: (1) at least 60% of the original principal amount of the 2028 Notes (including the principal amount of any 2028 Additional Notes remains outstanding after each such redemption); and (2) the redemption occurs within 180 days after the closing of such Equity Offering. (d) Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the relevant series of 2028 Notes or the portion thereof called for redemption on the applicable redemption date. (e) Any redemption notice given in respect of the redemption of any series of the 2028 Notes (including upon an Equity Offering or in connection with a transaction (or series of related transactions) or an event that constitutes a Change of Control) may, at the Issuer’s discretion, be subject to the satisfaction of one or more conditions precedent, including, but not limited to, the completion or occurrence of the related transaction, as the case may be. (f) Any redemption pursuant to this paragraph 5 shall be made pursuant to Sections 3.01 through 3.06 of the Indenture. (g) If a series of 2028 Notes is listed on an exchange, and the rules of the exchange so require, the Issuer will notify the exchange of any such redemption and the principal amount of such 2028 Notes outstanding following any partial redemption of such series of 2028 Notes. In no event will the Trustee be responsible for monitoring, or charged with knowledge of, the maximum aggregate amount of 2028 Notes eligible under the Indenture to be redeemed. (h) In connection with any tender offer or other offer to purchase for all of the 2028 Notes of a series, if Holders of not less than 90% of the aggregate principal amount of the then outstanding 2028 Notes of such series validly tender and do not validly withdraw such 2028 Notes in such tender offer and the Issuer, or any third party making such tender offer in lieu of the Issuer, purchases all of the 2028 Notes of such series validly tendered and not validly withdrawn by such Holders, the Issuer or such third party will have the right upon not less than 10 nor more than 60 days’ notice following such purchase date, to redeem all 2028 Notes of such series that remain outstanding following such purchase at a price equal to the price paid to each other Holder in such tender offer, plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon, to, but excluding, the repurchase date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). (i) If a redemption date is not a Business Day, payment may be made on the next succeeding day that is a Business Day, and no interest shall accrue on any amount that would have been otherwise payable on such redemption date if it were a Business Day for the intervening period.