Common use of Optional Redemption of the Securities Clause in Contracts

Optional Redemption of the Securities. (a) On or after August 15, 2026, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders at the close of business on the record date for such interest payment date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 2 contracts

Sources: Third Supplemental Indenture (Chimera Investment Corp), Third Supplemental Indenture (Mfa Financial, Inc.)

Optional Redemption of the Securities. (a) On or after August February 15, 2026, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders at the close of business on the record date for such interest payment date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Second Supplemental Indenture (Mfa Financial, Inc.)

Optional Redemption of the Securities. (a) On or after August May 15, 20262027, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders Holders at the close Close of business Business on the record date for such interest payment dateInterest Payment Date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Fourth Supplemental Indenture (Two Harbors Investment Corp.)

Optional Redemption of the Securities. (a) On or after August 15October 1, 20262027, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders Holders at the close Close of business Business on the record date for such interest payment dateInterest Payment Date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Fourth Supplemental Indenture (New York Mortgage Trust, Inc.)

Optional Redemption of the Securities. (a) On or after August May 15, 2026, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders at the close of business on the record date for such interest payment date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Second Supplemental Indenture (Chimera Investment Corp)

Optional Redemption of the Securities. (a) On or after August 15April 1, 20262027, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders Holders at the close Close of business Business on the record date for such interest payment dateInterest Payment Date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Third Supplemental Indenture (New York Mortgage Trust, Inc.)

Optional Redemption of the Securities. (a) On or after August 15July 1, 2026, the Company may redeem for cash all or any portion of the Securities, at the Company’s option, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). Notwithstanding the foregoing, interest due on an interest payment date falling on or prior to a redemption date will be payable to holders Holders at the close Close of business Business on the record date for such interest payment dateInterest Payment Date. The Company is required to give notice of such redemption not less than 30 days nor more than 60 days prior to the redemption date (the “Redemption Date”) to each holder at its address appearing in the securities register maintained by the Trustee.

Appears in 1 contract

Sources: Second Supplemental Indenture (New York Mortgage Trust Inc)