Optional Redemptions Sample Clauses

Optional Redemptions. (a) At any time prior to July 18, 2025, the Issuer may on one or more occasions redeem the Notes, in whole or in part, at a redemption price equal to 100.0% of the principal amount of the Notes redeemed, plus the Applicable Premium, as of, and accrued and unpaid interest, if any, to (but not including) the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date. The Trustee shall not be responsible for verifying or calculating the Applicable Premium. (b) At any time prior to July 18, 2025, the Issuer may on one or more occasions redeem up to 40.0% of the aggregate principal amount of the Notes at a redemption price of 104.5% of the principal amount of Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds from one or more (x) Equity Offerings and/or (y) INVIT Offerings; provided, however, that: (i) at least 60.0% of the aggregate principal amount of the Notes (excluding Notes held by the Issuer or any of its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (ii) the applicable redemption occurs within ninety (90) days of the date of the closing of the applicable Equity Offering or INVIT Offering, as the case may be. (c) At any time on or after July 18, 2025, the Issuer may on any one or more occasions redeem the Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the Notes redeemed) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed, to (but not including), the applicable redemption date, if redeemed during the periods indicated below, subject to the rights of Holders on the relevant Record Date to receive interest on the relevant Interest Payment Date: July 18, 2025 to July 17, 2026 101.125% July 18, 2026 and thereafter 100.0%

Optional Redemptions. In addition to the redemptions of the Notes required under Sections 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without premium or penalty, the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this Section 2.06(c) shall, to the extent thereof, be applied first to reduce the principal due at maturity of the Notes and next to reduce the payments required by Section 2.06(a) in inverse order of maturity thereof.

Optional Redemptions. If permitted under the related Series Supplement and if no Event of Default then exists, the Issuer will have the option to prepay, in whole or part, the Outstanding Principal Balance of any Class of the applicable Series of Equipment Notes in an Optional Redemption; provided that: (a) any Optional Redemption in whole of the Class B Equipment Notes within a Series shall be subject to an Optional Redemption in whole of the Class A Equipment Notes within such Series, and any Optional Redemption in whole of the Class C Equipment Notes within a Series shall be subject to an Optional Redemption in whole of the Class A Equipment Notes and Class B Equipment Notes within such Series; (b) subject to subsection (c) below, (i) an Optional Redemption in part of the Class B Equipment Notes within a Series shall be subject to an Optional Redemption in part of the Class A Equipment Notes within such Series in the same proportion as the Optional Redemption in part of the Class B Equipment Notes, in each case, based on the ratio of (x) the Outstanding Principal Balance of the Equipment Notes in such Class within such Series subject to such Optional Redemption to (y) the Outstanding Principal Balance of the Equipment Notes in such Class within such Series and (ii) an Optional Redemption in part of the Class C Equipment Notes within a Series shall be subject to an Optional Redemption in part of the Class A Equipment Notes and Class B Equipment Notes within such Series in the same proportion as the Optional Redemption in part of the Class C Equipment Notes, in each case, based on the ratio of (x) the Outstanding Principal Balance of the Equipment Notes in such Class within such Series subject to such Optional Redemption to (y) the Outstanding Principal Balance of the Equipment Notes in such Class within such Series; (c) if an Early Amortization Event is then continuing, the Issuer (x) shall not be permitted to prepay any Class C Equipment Notes until the Outstanding Principal Balance of all Class A Equipment Notes and Class B Equipment Notes shall have been paid in full, (y) shall not be permitted to prepay any Class B Equipment Notes until the Outstanding Principal Balance of all Class A Equipment Notes shall have been paid in full and (z) shall not be permitted to prepay any Class A Equipment Notes of any Series until the Outstanding Principal Balance of all Class A Equipment Notes in all earlier issued Series shall have been paid in full; and (d) if an Event of Default the...

Optional Redemptions. Prior to the Maturity Date, the Company at its option shall have the right, but not the obligation, to redeem early a portion or all amounts outstanding under this Note, from time to time, by either making a Cash Repayment (as defined below) in accordance with Section 1(c)(i), or an Advance Redemption (as defined below) in accordance with Section 1(c)(ii).

Optional Redemptions. The Company will not permit an optional redemption or purchase for purposes of cancellation of the Bonds, without the prior written consent of the Majority Participating Banks; provided, however, that if the Company has deposited with the Issuing Bank or the Trustee an amount equal to the principal amount of the Bonds to be redeemed or purchased, the Participating Banks shall consent to such optional redemption or purchase to the extent of such amounts.

Optional Redemptions. In addition to the redemption of the Notes required under sub-Section 2.5.1, Borrower may, at any time upon the prior written approval of each of a majority of the members of Borrower's board of directors and a majority of the independent members of Borrower's board of directors, voluntarily redeem the Notes, in whole or in part (in integral multiples of Five Hundred Thousand Dollars ($500,000)), together with all accrued and unpaid interest on the amount so redeemed through the date of redemption, at a redemption price equal to: (a) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs on or prior to the first anniversary of this Agreement, one hundred six percent (106%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon; (b) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs after the first anniversary of this Agreement but on or prior to the second anniversary of this Agreement, one hundred five percent (105%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon; (c) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs after the second anniversary of this Agreement but on or prior to the third anniversary of this Agreement, one hundred four percent (104%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon; (d) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs after the third anniversary of such Agreement but on or prior to the fourth anniversary of this Agreement, one hundred three percent (103%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon; (e) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs after the fourth anniversary of this Agreement but on or prior to the fifth anniversary of this Agreement, one hundred two percent (102%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon; or (f) if such voluntary redemption, including a redemption pursuant to sub-Section 2.5.4, occurs after the fifth anniversary but prior to the sixth anniversary of this Agreement, one hundred one percent (101%) of the sum of the principal amount to be redeemed plus any accrued but unpaid interest thereon.

Optional Redemptions. The Corporation may, at any time after 20 years after the first date of issuance of any shares of Series A Preferred Stock, redeem all or any portion of the Series A Preferred Stock then outstanding at a price per Series A Preferred Share equal to the Liquidation Value thereof (plus all accumulated and accrued and unpaid but not yet accumulate dividends thereon); provided, that all optional redemptions pursuant to this Section 3.3(b) are made pro rata among the holders of Series A Preferred Stock based upon the aggregate Liquidation Value (plus all accrued, accumulated and unpaid dividends thereon) of such Series A Preferred Stock held by each such holder.

Optional Redemptions. In addition to the redemption of the Convertible Notes or the Notes, as applicable, required under sub-Section 2.6.1, the Company may at any time and from time to time, voluntarily redeem the Convertible Notes or the Notes, as applicable, in whole, or in part (in integral multiples of $500,000), together with all accrued and unpaid interest on the amount so redeemed through the date of redemption, at a redemption price (expressed as a percentage of the sum of the principal amount to be redeemed) equal to the price indicated below corresponding to the period in which any redemption occurs: Period Redemption Price ------ ---------------- Closing Date through September 29, 2004 103.00% September 30, 2004 through September 29, 2005 102.50% September 30, 2005 through September 29, 2006 102.00% September 30, 2006 through September 29, 2009 100.00%

Optional Redemptions. In addition to the redemptions of the Notes required under subsections 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without penalty or premium except as set forth in Section 2.06(d), the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this subsection 2.06(c) shall, to the extent thereof, be applied to reduce the payments required by subsection 2.06(a) in inverse order of maturity thereof.