Common use of Optional Redemption by the Company Clause in Contracts

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June 15, 2028, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June 15 of each of the years indicated below: 2028 103.56250 % 2029 101.78125 % 2030 and thereafter 100.00000 % In addition, prior to June 15, 2028 the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 2 contracts

Sources: Twenty First Supplemental Indenture (OneMain Holdings, Inc.), Twenty First Supplemental Indenture (Onemain Finance Corp)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June August 15, 20282027, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June August 15 of each of the years indicated below: 2027 103.563% 2028 103.56250 101.781% 2029 101.78125 % 2030 and thereafter 100.00000 100.000% In addition, prior to June August 15, 2028 2027, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 2 contracts

Sources: Eighteenth Supplemental Indenture (Onemain Finance Corp), Eighteenth Supplemental Indenture (OneMain Holdings, Inc.)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June March 15, 2028, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June March 15 of each of the years indicated below: 2028 103.56250 103.3750 % 2029 101.78125 101.6875 % 2030 and thereafter 100.00000 100.0000 % In addition, prior to June March 15, 2028 2028, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 1 contract

Sources: Twentieth Supplemental Indenture (OneMain Holdings, Inc.)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June January 15, 20282024, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June January 15 of each of the years indicated below: 2028 103.56250 2024 101.750% 2029 101.78125 2025 100.875% 2030 2026 and thereafter 100.00000 100.000% In addition, prior to June January 15, 2028 2024, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 1 contract

Sources: Twelfth Supplemental Indenture (Onemain Finance Corp)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June September 15, 20282025, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June September 15 of each of the years indicated below: 2025 102.000% 2026 101.333% 2027 100.667% 2028 103.56250 % 2029 101.78125 % 2030 and thereafter 100.00000 100.000% In addition, prior to June September 15, 2028 2025, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days60days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 1 contract

Sources: Eleventh Supplemental Indenture (OneMain Holdings, Inc.)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June September 15, 20282024, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable Redemption Price set forth below (expressed as a percentage of the principal amount of Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June September 15 of each of the years indicated below: 2028 103.56250 2024 101.938% 2029 101.78125 2025 100.969% 2030 2026 and thereafter 100.00000 100.000% In addition, prior to June September 15, 2028 2024, the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a Redemption Price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption Date, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the 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).

Appears in 1 contract

Sources: Thirteenth Supplemental Indenture (OneMain Holdings, Inc.)

Optional Redemption by the Company. Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no sinking fund for the Notes. On and after June November 15, 20282028 (six months prior to the Stated Maturity of the Notes), the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice (with a copy to the Trustee), at the applicable a Redemption Price set forth below (expressed as a percentage equal to 100% of the principal amount of the Notes to be redeemed), plus accrued and unpaid interest on the Notes, if any, to, but excluding, 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), if redeemed during the 12-month period beginning on June 15 of each of the years indicated below: 2028 103.56250 % 2029 101.78125 % 2030 and thereafter 100.00000 % In addition, prior to June 15, 2028 the Company may redeem, at its option, all or, from time to time, part of the Notes, upon not less than 10 nor more than 60 days’ prior notice . (with a copy to the Trusteea) at a Redemption Price equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (iassuming the Notes matured on November 15, 2028) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the Redemption DateNotes to be redeemed, plus (iii) plus, in either case, accrued and unpaid interest on the Notes, if any, thereon to, but excluding, the 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).

Appears in 1 contract

Sources: Nineteenth Supplemental Indenture (Onemain Finance Corp)