Common use of Optional Redemption Price Clause in Contracts

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.

Appears in 1 contract

Sources: Note Purchase Agreement (Reschke Michael W)

Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to Price for any Note called for Optional Redemption shall be (x) (i) is an amount in cash equal to the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this such Note sought to be exchanged in plus accrued and unpaid interest on such Exchange Notice (i.e.Note to, excluding compoundings of interest pursuant to Section 2.1(b))but excluding, 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 ; provided, however, that if such Optional Redemption Date is after a Regular Record Date and on or before the Company fails next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption, to pay receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date) (including, for the avoidance of doubt, any Additional Amounts with respect to such interest); and (ii) the Optional Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Optional Redemption Date (or, for the avoidance of doubt, any Additional Amounts referred to in the Holder preceding parenthetical). For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Optional Redemption Date occurs on the Optional Redemption Business Day immediately after such Interest Payment Date, then the Holder shall be entitled to (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the unpaid portion next Business Day to Holders as of such redemption payment at the Default Rate from Close of Business on the Optional Redemption Date until immediately preceding Regular Record Date; and (y) the Optional Redemption Price will include interest on Notes to be redeemed from, and all accrued interest thereon is paid in full. In the event the Company redeems the entire remaining unpaid principal amount of this Noteincluding, together with all interest accrued thereon and all other amounts due in connection therewith, the Holder shall return this Note to the Company for cancellationsuch Interest Payment Date.

Appears in 1 contract

Sources: Indenture (Ascendis Pharma a/S)

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 (ii4.1(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.

Appears in 1 contract

Sources: Note Purchase Agreement (Reschke Michael W)

Optional Redemption Price. (a) The "A Notice of Optional Redemption Price" ------------------------- payable may not be conditional. Failure to give such notice by mail or any defect in the notice to any New Noteholder shall not affect the validity of the proceedings for the redemption with respect to any the New Limestone Notes held by other New Noteholders. Each Notice of Optional Redemption shall be given at least 30 days but not more than 60 days before the applicable Optional Redemption Date and shall specify (x) (ia) 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. Date; (b) The Company shall pay the formula by which 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 will be calculated on the Optional Redemption Date, then and the Holder shall amount of accrued and unpaid interest, if any, to be entitled to interest on the unpaid portion due as of such redemption payment at the Default Rate from the Optional Redemption Date until as a part of the Optional Redemption Price; (c) that on the Optional Redemption Date, the Optional Redemption Price will become due and all accrued payable upon each such New Limestone Note to be redeemed and that interest thereon shall cease to accrue on such New Limestone Note on and after such date; (d) if any New Limestone Note is paid being redeemed in full. In part, the event portion of the Company redeems the entire remaining unpaid principal amount of this such New Limestone Note to be redeemed and that, after the Optional Redemption Date, upon surrender of such New Limestone Note, together with all interest accrued thereon and all other amounts due a new New Limestone Note or new New Limestone Notes in connection therewith, the Holder shall return this Note principal amount equal to the Company unredeemed portion shall be issued upon cancellation of the original New Limestone Note; (e) the name and address of the Paying Agent; (f) that New Limestone Notes called for cancellationredemption must be surrendered to the Paying Agent to collect the Optional Redemption Price; (g) the paragraph of the New Limestone Notes and/or the Section of this New Indenture pursuant to which the New Limestone Notes called for redemption are being redeemed; and (h) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the New Limestone Notes.

Appears in 1 contract

Sources: Indenture (El Paso Corp/De)

Optional Redemption Price. (a) The "Optional Redemption Price" ------------------------- payable with respect to ” for any Note called for Optional Redemption shall be (x) (i) is an amount in cash equal to the case of an Exchange Date Optional Redemption, the portion of the original principal amount of this such Note sought to be exchanged in plus accrued and unpaid interest on such Exchange Notice (i.e.Note to, excluding compoundings of interest pursuant to Section 2.1(b))but excluding, 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 plus the Applicable Premium (if the Applicable Premium is greater than zero); provided, however, that if such Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the close of business on such Regular Record Date will be entitled, notwithstanding such Optional Redemption. If , to receive, on or, at the Company fails to pay Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Optional Redemption Date is before such Interest Payment Date); and (ii) the Optional Redemption Price to the Holder will not include accrued and unpaid interest on the such Note to, but excluding, such Optional Redemption Date. For the avoidance of doubt, then the Holder shall be entitled to interest on the unpaid portion of if an Interest Payment Date is not a Business Day and such redemption payment at the Default Rate from the Optional Redemption Date until occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid on the next Business Day to Holders as of the close of business on the immediately preceding Regular Record Date; and (y) the Optional Redemption Price will include interest on Notes to be redeemed from, and all accrued interest thereon is paid in full. In the event the Company redeems the entire remaining unpaid principal amount of this Noteincluding, together with all interest accrued thereon and all other amounts due in connection therewith, the Holder shall return this Note to the Company for cancellationsuch Interest Payment Date.

Appears in 1 contract

Sources: Indenture (Bloom Energy Corp)