Optional Redemption at Par Sample Clauses

The "Optional Redemption at Par" clause allows the issuer of a security, such as a bond, to redeem or repay the principal amount to investors before the scheduled maturity date at its face value (par). Typically, this right is exercised at specific times or under certain conditions outlined in the agreement, and does not require the issuer to pay any premium above the original principal. This clause provides issuers with flexibility to manage their debt obligations, especially if interest rates decline or refinancing becomes advantageous, while giving investors clarity on the terms under which their investment may be repaid early.
Optional Redemption at Par. The Debentures are redeemable prior to the Stated Maturity at the option of the Company in whole or in part, from time to time, on or after December 1, 2026 at a Redemption Price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon (including Compound Interest, if any) to, but excluding, the date of redemption.
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Optional Redemption at Par. The first date on which the Bonds are permitted to be redeemed at par is set forth in Exhibit II.
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Optional Redemption at Par. The first date on which the Bonds are permitted to be redeemed at par is set forth in the Trust Indenture.
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Optional Redemption at Par. The Debentures are redeemable prior to the Stated Maturity at the option of the Company (i) in whole or in part, from time to time, on or after June 1, 2021 or (ii) at any time prior to June 1, 2021, in whole but not in part, within 90 days following the occurrence and continuation of a Tax Event, in either case at a redemption price (the “Redemption Price”) equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon (including Compound Interest, if any) to, but excluding, the date of redemption. The Company’s right to redeem the Debentures under clause (ii) of the preceding paragraph shall be subject to the condition that if at the time there is available to the Company the opportunity to eliminate a Tax Event, within 90 days following the occurrence and continuation of such Tax Event, by taking some ministerial action (“Ministerial Action”), such as filing a form or making an election, or pursuing some other similar reasonable measure that will have no adverse effect on the Company and will involve no material cost, the Company shall pursue such measures in lieu of redemption; provided further, that the Company shall have no right to redeem the Debentures while the Company is pursuing any such Ministerial Action.
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Optional Redemption at Par. The Series 2023[●] Bonds are subject to redemption prior to their respective stated maturities, at the option of the Authority, in whole or in part, on any date on or after [ 1, 2033], in Authorized Denominations, from and to the extent of prepaid Base Rental Payments paid pursuant to the Lease Agreement, at a Redemption Price equal to the principal amount of the Series 2023[●] Bonds to be redeemed, plus accrued interest thereon to the date of redemption, without premium.
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Optional Redemption at Par. The Issuer or any Guarantor may, at its option, redeem the Notes, in whole or in part, at any time on or after the Par Call Date. The Issuer or any Guarantor may redeem the Notes either as a whole or in part at a Redemption Price equal to 100.000% of the principal amount of the Notes being redeemed plus accrued and unpaid interest and Additional Amounts, if any, on the principal amount of the Notes being redeemed to, but excluding, such redemption date; provided that Notes in an aggregate principal amount equal to at least U.S.$100 million remain outstanding immediately after the occurrence of any partial redemption of Notes.
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Optional Redemption at Par. (i) This representation is qualified in its entirety to reflect that the first optional redemption date is set forth in either the Trust Indenture or Bond Resolution and/or the corresponding Note.
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Optional Redemption at Par. In the event that the Facility is destroyed or rendered unuseable as a result of the occurrence of a casualty or natural disaster and the problem cannot be remedied within 6 months after such occurrence, the Company shall have the right within 6 months of the occurrence of such event to redeem all of the Notes at a redemption price equal to the principal amount thereof plus accrued interest thereon to the date of redemption. The Company shall exercise the aforesaid right by sending a written notice to each of the Noteholders and the Trustee in accordance with SECTION 12.03.
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Related to Optional Redemption at Par

  • Optional Redemption (a) Except as described below under clauses 5(b), 5(c) or 6 hereof, the Notes will not be redeemable at the Issuer’s option before February 1, 2023. (b) At any time prior to February 1, 2023, the Issuer may redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ prior notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to but not including the date of redemption (the “Redemption Date”), subject to the rights of Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date. (c) Prior to February 1, 2021, the Issuer may, at its option, redeem up to 40% of the sum of the aggregate principal amount of all Notes issued under the Indenture at a redemption price equal to 105.000% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to but not including the applicable Redemption Date, subject to the right of Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings of the Issuer or any direct or indirect parent of the Issuer to the extent such net proceeds are contributed to the Issuer; provided that at least 50% of the sum of the aggregate principal amount of Notes originally issued under the Indenture and any Additional Notes that are Notes issued under the Indenture after the Issue Date remain outstanding immediately after the occurrence of each such redemption; provided, further, that each such redemption occurs within 90 days of the date of closing of each such Equity Offering. Notice of any redemption upon any Equity Offering may be given prior to the redemption thereof. (d) On or after February 1, 2023, the Issuer may redeem the Notes, in whole or in part, upon not less than 30 nor more than 60 days’ prior notice at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, thereon to but not including the applicable Redemption Date, subject to the right of Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date, if redeemed during the twelve-month period beginning on February 1 of each of the years indicated below: 2023 102.500% 2024 101.666% 2025 100.834% 2026 and thereafter 100.000% (e) Any redemption pursuant to this paragraph 5 shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenture.

  • Optional Redemption at Election of Company Subject to the provisions of this Section 6, the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of this Debenture for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may not deliver an Optional Redemption Notice if there is an existing Event of Default or an existing event which, with the passage of time or giving of notice, would constitute an Event of Default. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company on the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full. Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.