Common use of Optional Redemption at the Option of the Company Clause in Contracts

Optional Redemption at the Option of the Company. At any time before the occurrence of an IPO, the Company may redeem all or any part of the Notes, at any time and from time to time after giving the notice required pursuant to Section 3.03 of the Indenture, at the redemption price of 109% (expressed as a percentage of principal amount), plus (i) if redeemed by the Company on or before March 10, 2009, accrued and unpaid interest on the Notes redeemed, to but excluding the applicable redemption date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date), plus the Make-Whole Amount, or (ii) if redeemed by the Company after March 10, 2009, accrued and unpaid interest on the Notes redeemed, to but excluding the applicable redemption date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. Except as provided in this paragraph, the Notes shall not be redeemable at the option of the Company. Any prepayment pursuant to this paragraph shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenture.

Optional Redemption at the Option of the Company. (a) At any time before the occurrence of an IPO, the Company may redeem all or any part of the Notes, at any time and from time to time after giving the notice required pursuant to Section 3.03 of the Indenturehereof, at the redemption price of 109% (expressed as a percentage of principal amount), plus (i) if redeemed by the Company on or before March 10, 2009, accrued and unpaid interest on the Notes redeemed, to but excluding the applicable redemption date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date), plus the Make-Whole Amount, or (ii) if redeemed by the Company after March 10, 2009, accrued and unpaid interest on the Notes redeemed, to but excluding the applicable redemption date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. . (b) Except as provided in this paragraphSection 3.07, the Notes shall not be redeemable at the option of the Company. . (c) Any prepayment pursuant to this paragraph Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenturehereof.