Common use of Optional Redemption of Securities Clause in Contracts

Optional Redemption of Securities. (a) The Company may at its option redeem the Securities, in whole or from time to time in part, (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any applicable Interest Payment Date at a Redemption Price in cash equal to 100% of the principal amount of the Securities to be redeemed, plus (subject to Section 2.5 of the First Supplemental Indenture) accrued and unpaid interest on the Securities to be redeemed to, but excluding, the Redemption Date. (b) The Company may at its option redeem the Securities, in whole but not in part, for a period of 120 days following the occurrence of a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Securities, plus (subject to Section 2.5 of the First Supplemental Indenture) accrued and unpaid interest on the Securities to, but excluding, the Redemption Date. (c) The Company may at its option redeem the Securities, in whole but not in part, for a period of 120 days following the occurrence of a Rating Agency Event at a Redemption Price in cash equal to 102% of the principal amount of the Securities, plus (subject to Section 2.5 of the First Supplemental Indenture) accrued and unpaid interest on the Securities to, but excluding, the Redemption Date.

Appears in 2 contracts

Sources: First Supplemental Indenture (Pacificorp /Or/), First Supplemental Indenture (Nevada Power Co)

Optional Redemption of Securities. (a) The Company Partnership may at its option redeem the Securities, in whole or from time to time in part, (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on (and including including) the First Reset Date and (ii) after the First Reset Date, on any applicable Interest Payment Date at a Redemption Price in cash equal to 100% of the principal amount of the Securities to be redeemed, plus (plus, subject to Section 2.5 of the First Sixth Supplemental Indenture) , accrued and unpaid interest on the Securities to be redeemed to, but excluding, the Redemption Date. (b) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period of at any time within 120 days following the occurrence of after a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Sixth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date. (c) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period at any time during the continuance of and, in any event, within 120 days following after the occurrence of of, a Rating Agency Event at a Redemption Price in cash equal to 102% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Sixth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date.

Appears in 1 contract

Sources: Indenture (Energy Transfer LP)

Optional Redemption of Securities. (a) The Company Partnership may at its option redeem the Securities, in whole or from time to time in part, (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on (and including including) the First Reset Date and (ii) after the First Reset Date, on any applicable Interest Payment Date at a Redemption Price in cash equal to 100% of the principal amount of the Securities to be redeemed, plus (plus, subject to Section 2.5 of the First Fourth Supplemental Indenture) , accrued and unpaid interest on the Securities to be redeemed to, but excluding, the Redemption Date. (b) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period of at any time within 120 days following the occurrence of after a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Fourth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date. (c) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period at any time during the continuance of and, in any event, within 120 days following after the occurrence of of, a Rating Agency Event at a Redemption Price in cash equal to 102% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Fourth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date.

Appears in 1 contract

Sources: Fourth Supplemental Indenture (Energy Transfer LP)

Optional Redemption of Securities. (a) The Company Partnership may at its option redeem the Securities, in whole or from time to time in part, (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on (and including including) the First Reset Date and (ii) after the First Reset Date, on any applicable Interest Payment Date at a Redemption Price in cash equal to 100% of the principal amount of the Securities to be redeemed, plus (plus, subject to Section 2.5 of the First Eighth Supplemental Indenture) , accrued and unpaid interest on the Securities to be redeemed to, but excluding, the Redemption Date. (b) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period of at any time within 120 days following the occurrence of after a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Eighth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date. (c) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period at any time during the continuance of and, in any event, within 120 days following after the occurrence of of, a Rating Agency Event at a Redemption Price in cash equal to 102% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Eighth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date.

Appears in 1 contract

Sources: Eighth Supplemental Indenture (Energy Transfer LP)

Optional Redemption of Securities. (a) The Company Partnership may at its option redeem the Securities, in whole or from time to time in part, (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on (and including including) the First Reset Date and (ii) after the First Reset Date, on any applicable Interest Payment Date at a Redemption Price in cash equal to 100% of the principal amount of the Securities to be redeemed, plus (plus, subject to Section 2.5 of the First Ninth Supplemental Indenture) , accrued and unpaid interest on the Securities to be redeemed to, but excluding, the Redemption Date. (b) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period of at any time within 120 days following the occurrence of after a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Ninth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date. (c) The Company Partnership may at its option redeem the Securities, in whole but not in part, for a period at any time during the continuance of and, in any event, within 120 days following after the occurrence of of, a Rating Agency Event at a Redemption Price in cash equal to 102% of the principal amount of the Securities, plus (plus, subject to Section 2.5 of the First Ninth Supplemental Indenture) , accrued and unpaid interest on the Securities to, but excluding, the Redemption Date.

Appears in 1 contract

Sources: Ninth Supplemental Indenture (Energy Transfer LP)