Optional Redemption Price Sample Clauses
The Optional Redemption Price clause defines the amount or formula used to determine the price at which an issuer can choose to redeem a security before its scheduled maturity. Typically, this price may be set at a premium above the principal amount or calculated based on a specific schedule or market benchmark. By specifying the terms under which early redemption can occur, this clause provides clarity to both issuers and investors, ensuring transparency and predictability in the event of an early buyback of the security.
Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to any Optional Redemption shall be (x)
(i) in the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this Note sought to be exchanged in such Exchange Notice (i.e., excluding compoundings of interest pursuant to Section 2.1(b)), or (ii) in the case of a Standstill Period Optional Redemption, the unpaid principal amount of this Note, as reduced to permit the Exchange of Shares provided by Section 4.1 (ii), multiplied by (y) fourteen percent (14%) per year, in either case from and including the Issue Date to but excluding the date of payment of the Optional Redemption Price, compounded annually, for the actual number of days elapsed.
(b) The Company shall pay the Optional Redemption Price to the Holder, in immediately available funds, on the Optional Redemption Date for such Optional Redemption. If the Company fails to pay the Optional Redemption Price to the Holder on the Optional Redemption Date, then the Holder shall be entitled to interest on the unpaid portion of such redemption payment at the Default Rate from the Optional Redemption Date until the Optional Redemption Price and all accrued interest thereon is paid in full. In the event the Company redeems the entire remaining unpaid principal amount of this Note, together with all interest accrued thereon and all other amounts due in connection therewith, the Holder shall return this Note to the Company for cancellation.
Optional Redemption Price. 10, 36 Outstanding...................................................................10
Optional Redemption Price. The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Debenture being redeemed MULTIPLIED BY the Optional Redemption Percentage. The "OPTIONAL REDEMPTION PERCENTAGE" shall mean, where "X" represents the Issue Date: Number of Months After Issue Date Optional Redemption Percentage ---------------- ------------------------------ 36 [smaller than] X [smaller than or equal to] 48 103% 48 [smaller than] X [smaller than or equal to] 60 100%
Optional Redemption Price. The "Optional Redemption Price" to be paid by the Corporation to the Holder in the event of an Optional Redemption shall be equal to (A) (i) the entire unpaid principal amount of this Debenture on the Optional Redemption Date, times (ii) 110% plus (B) all accrued and unpaid interest thereon.
Optional Redemption Price. The "Optional Redemption Price" -------------------------- -------------------------- shall mean the Stated Value of the Preferred Shares being redeemed multiplied by ------------- (A) 103% if the Optional Redemption Date occurs during the twelve (12) month period beginning on the Initial Optional Redemption Date and (B) 100% if the Optional Redemption Date occurs after the last day of such twelve (12) month period.
Optional Redemption Price. 102.00 per cent. of the aggregate principal amount of the relevant Series of Notes. Make-Whole Call .......................... Prior to 25 April 2025, being the first anniversary of the Issue Date, the Company will be entitled, at its option, to redeem all or a portion of the Notes at the greater of (i) the Optional Redemption Price, and (ii) the Make-Whole Redemption Price and accrued and unpaid interest to the redemption date. See “Terms and Conditions of the 2029 Notes—Redemption and Purchase—Make-Whole Call” and “Terms and Conditions of the 2030 Notes—Redemption and Purchase—Make- Whole Call”. Optional Redemption ................... At any time on or after 25 April 2025, being the first anniversary of the Issue Date, the Notes are subject to redemption at the option of the Company, at any time, at the Optional Redemption Price. See “Terms and Conditions of the 2029 Notes—Redemption and Purchase— Optional Redemption” and “Terms and Conditions of the 2030 Notes— Redemption and Purchase—Optional Redemption”.
Optional Redemption Price. 17 optional sinking fund payment ................................ 69 Outstanding .................................................. 5
Optional Redemption Price. The "OPTIONAL REDEMPTION PRICE" shall mean the principal amount of this Note being redeemed, MULTIPLIED BY the Optional Redemption Percentage. The Optional Redemption Percentage initially shall be 130%; beginning on June 1, 1997, and on the first day of each calendar quarter thereafter, the Optional Redemption Percentage shall be reduced on a straight line basis so that during the last calendar quarter occurring during the term of the Note (assuming that this Note has not been redeemed, converted or paid in full prior thereto) the Optional Redemption Percentage shall be 100%.
Optional Redemption Price. The definition of the term "Optional Redemption Price" in Section 8 of the Note is hereby amended to read in its entirety as follows:
Optional Redemption Price. The Corporation shall have the right to redeem, in whole or in part, the Series B Preferred Shares with funds legally available for such purpose. Any such redemption shall occur on a date set by the Corporation (the "Optional Redemption Date") and the Corporation shall effect any such redemption by paying cash for each Series B Preferred Shares to be redeemed at the redemption prices (each, a "Redemption Price") set forth below:
(i) at any time on or prior to September 1,2012, on a pro-rata basis at a redemption price equal to 100% of the Series B Liquidation Preference, plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption;
(ii) thereafter, at any time on or prior to September 1, 2013, on a pro rata basis at a redemption price equal to 102.25% of the Series B Liquidation Preference, plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption;
(iii) thereafter, at any time on or prior to September 1, 2014, on a pro rata basis at a redemption price equal to 103.75% of the Series B Liquidation Preference, plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption; and
(iv) thereafter, at any time on a pro rata basis, at a redemption price equal to 105% of the Series B Liquidation Preference, plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption. If the Series B Preferred Shares are held of record by the nominee of the Securities Depository, the Redemption Price shall be paid by the Paying Agent to the Securities Depository on the Redemption Date.