Optional Redemption No Sinking Fund Clause Samples
The "Optional Redemption; No Sinking Fund" clause allows the issuer of a security, such as a bond, to redeem or buy back the security before its scheduled maturity date at their discretion. This typically means the issuer can choose to repay the principal to investors early, often under specified conditions or at certain prices, but is not required to make periodic payments into a sinking fund to retire the debt gradually. The core function of this clause is to provide the issuer with flexibility in managing its debt obligations while clarifying that investors should not expect regular repayments through a sinking fund mechanism.
Optional Redemption No Sinking Fund. The Notes may be redeemed, at any time in whole or from time to time in part, at the option of the Operating Partnership on the terms and subject to the conditions set forth in the Indenture and in the form of the Note attached as Annex A to this First Supplemental Indenture. The Notes shall not be subject to a sinking fund or analogous provision.
Optional Redemption No Sinking Fund. No sinking fund is provided for the Securities. The Securities will not be redeemable by the Company prior to August 1, 2014. On or after August 1, 2014 and prior to the Maturity Date, the Company may redeem for cash all or a portion of the Securities if the Closing Sale Price of the Common Stock exceeds 130% of the applicable Conversion Price of such Securities for at least twenty (20) Trading Days during any consecutive thirty (30) Trading Day period (including the last Trading Day of such period) ending on the last Trading Day before the date on which the Company provides a Redemption Notice as set forth in Section 3.02 of the Indenture at the Redemption Price; provided that the Company must make at least six semi-annual interest payments (including the interest payments on February 1, 2012 and August 1, 2014) in the full amount required under the Indenture before redeeming any Securities at its option.
Optional Redemption No Sinking Fund. The Securities shall be redeemable at the Company’s option on or after June 5, 2024 in accordance with the terms and subject to the conditions specified in the Indenture. No sinking fund is provided for the Securities.
Optional Redemption No Sinking Fund