REDEMPTION AT THE OPTION Clause Samples

REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, however, that -------- ------- the Securities are not redeemable prior to April 15, 2002. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT 4.75% (1) + (2) --------------- ------- --------- --------- April 15, 2002.............. $391.06 $103.46 $ 494.52 April 15, 2003.............. 391.06 127.23 518.29 April 15, 2004.............. 391.06 152.14 543.20 April 15, 2005.............. 391.06 178.25 569.31 April 15, 2006.............. 391.06 205.61 596.67 April 15, 2007.............. 391.06 234.29 625.35 April 15, 2008.............. 391.06 264.34 655.40 April 15, 2009.............. 391.06 295.85 686.91 April 15, 2010.............. 391.06 328.86 719.92 April 15, 2011.............. 391.06 363.46 754.52 April 15, 2012.............. 391.06 399.73 790.79 April 15, 2013.............. 391.06 437.74 828.80 April 15, 2014.............. 391.06 477.57 868.63 April 15, 2015.............. 391.06 519.32 910.38 April 15, 2016.............. 391.06 563.08 954.14 At Maturity................. 391.06 608.94 1,000.00 If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued from the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before April 15, 2002.
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REDEMPTION AT THE OPTION. OF THE WARRANTHOLDER --------------------------------------------- Crystallex shall, at the option of a Warrantholder, redeem Warrants in whole or in part, prior to expiry of such Warrants, upon delivery of a notice by the Warrantholder to Crystallex and the Warrant Agent (in the manner hereinafter provided and in accordance with and subject to the provisions hereinafter set forth) in the event any of the following shall occur: (a) a Registration Statement is filed with and declared effective by the SEC but thereafter ceases to be effective at any time at which there are Warrants outstanding hereunder and Crystallex shall fail to file a subsequent Registration Statement with the SEC and use its best efforts to cause such Registration Statement to be declared effective by the SEC within 10 business days thereafter; (b) the trading in the Common Shares shall have been suspended or cease traded by the SEC or the AMEX (except for any suspension of trading of limited duration solely to permit dissemination of material information regarding Crystallex and except if, at the time there is any suspension on the AMEX, the Common Shares are then listed and approved for trading on either the New York Stock Exchange; the Nasdaq SmallCap Market, or the Nasdaq National Market within two trading days thereof); (c) Crystallex shall fail to use its best efforts to take all actions necessary to cause the Registration Statement to be declared and remain effective by the SEC within 120 days after the Effective Date (such actions including amending or supplementing the prospectus); (d) Crystallex shall fail to maintain a reserve of duly allotted and authorized Common Shares that is at least equal to the number of Common Shares which would be issuable upon conversion in full of the full number of Convertible Notes outstanding hereunder and all outstanding Warrants, and such failure shall remain uncured for fifteen days after the first date on which such reserve is no longer maintained; (e) Crystallex shall fail to take all steps necessary to cause the Common Shares (including the Common Shares issuable upon conversion of Convertible Notes and the exercise of the Warrants hereunder) to be listed on the AMEX within 120 days after the Effective Date (or, if earlier, on or prior to the date on which the Registration Statement is declared effective by the SEC) or the Corporation shall fail to take all steps necessary to thereafter to maintain such listing on the AMEX, and such failur...
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REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, that the Securities are not redeemable prior to October 14, 2000. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount on the dates shown below and at Stated Maturity, which prices reflect the accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from, and including, the next preceding date in the table to, but excluding, the actual Redemption Date. Redemption Redemption Date Price October 14, 2000..................................... $ 590.29 October 14, 2001..................................... 608.88 October 14, 2002..................................... 628.05 October 14 ,2003..................................... 647.83 October 14, 2004..................................... 668.24 October 14, 2005..................................... 689.28 October 14, 2006..................................... 710.99 October 14, 2007..................................... 733.38 October 14, 2008..................................... 756.48 October 14, 2009..................................... 780.31 October 14, 2010..................................... 804.88 October 14, 2011..................................... 830.23 October 14, 2012..................................... 856.38 October 14, 2013..................................... 883.35 October 14, 2014..................................... 911.17 October 14, 2015..................................... 939.87 October 14, 2016..................................... 969.47 At maturity.......................................... 1,000.00 If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued and unpaid from, and including, the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before October 14, 2000.
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REDEMPTION AT THE OPTION of the Issuer (Make-Whole Call) (a) not less than 10 nor more than 60 days’ notice to the Noteholders in accordance with Condition 12 (Notices); and (b) notice to the Trustee and the Principal Paying Agent not less than 10 days before the giving of the notice referred to in (a); (which notices shall be irrevocable and shall specify the date fixed for redemption (the “Optional Redemption Date”)), redeem all (but not some only) of the Notes at the Optional Redemption Amount together, if appropriate, with interest accrued to (but excluding) the Optional Redemption Date. For the purposes of this Condition 6.3, the “Optional Redemption Amount” will be an amount, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate (which for the avoidance of doubt shall not include the Trustee or the Principal Paying Agent), which is the higher of: (a) 101 per cent. of the principal amount of the Notes to be redeemed; and (b) as determined by the Reference Dealers (as defined below), the sum of the then current values of the remaining scheduled payments of principal and interest (not including any interest accrued on the Notes to, but excluding, the Optional Redemption Date) discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Bond Rate (as defined below) plus the Redemption Margin,
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REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole at any time, or from time to time in part, at the option of the Company at the Redemption Prices set forth below, provided, that the -------- Securities are not redeemable prior to .. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT % (1) + (2) ----------------- ----- -------- ---------- If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued and unpaid from, and including, the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before ..
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REDEMPTION AT THE OPTION. OF THE COMPANY For so long as all of the Euro Notes due 2013 are represented by this permanent Global Security or by this permanent Global Security and the temporary Global Security and such Global Security(s) is/are held on behalf of the relevant Clearing Systems, no drawing of Euro Notes due 2013 to be redeemed will be required under Section 703 of the Second Supplemental Indenture in the event that the Company exercises its option pursuant to Section 702 of the Second Supplemental Indenture in respect of less than the aggregate principal amount of the Euro Notes due 2013 outstanding at such time. In such event, the partial redemption will be effected in accordance with the rules and procedures of the relevant Clearing Systems (to be reflected in the records of the relevant Clearing Systems as either a pool factor or a reduction in nominal amount, at their discretion). ARTICLE TEN THE RELEVANT CLEARING SYSTEMS The Euro Notes due 2013 represented by this permanent Global Security are transferable in accordance with the rules and procedures of the relevant Clearing Systems. ARTICLE ELEVEN AUTHENTICATION AND EFFECTUATION This permanent Global Security shall not become valid or enforceable for any purpose unless and until it has been authenticated by or on behalf of the Trustee referred to herein and effectuated by the entity appointed as common safe-keeper by the relevant Clearing Systems. ARTICLE TWELVE GOVERNING LAW This permanent Global Security is governed by, and shall be construed in accordance with, the law of the State of New York.
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Related to REDEMPTION AT THE OPTION

  • Redemption at the Option of the Company Unless a Redemption Right is specified on the face hereof, this Security shall not be redeemable at the option of the Company before the Maturity Date specified on the face hereof. If a Redemption Right is so specified, this Security may be redeemed at the option of the Company on any Business Day on and after the date, if any, specified on the face hereof (each, a "Redemption Date"). This Security may be redeemed on any Redemption Date in whole or in part in increments of $1,000 (an "Authorized Denomination") at the option of the Company at a redemption price equal to 100% of the principal amount to be redeemed, together with accrued interest to the Redemption Date, on written notice given not more than 60 days nor less than 5 days prior to the proposed Redemption Date. In the event of redemption of this Security in part only, a new Security for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the surrender hereof.

  • Redemption at the Option of the Issuer The Issuer may (if this Condition 6.2 is specified in the relevant Final Terms as being applicable) having given at least 30 days but not more than 60 days’ notice (or such period as specified in the relevant Final Terms) to PR Debt Instrument Holders in accordance with Condition 18 (which notice must comply with the following paragraph and shall be irrevocable) and subject to satisfaction of any relevant conditions specified in the relevant Final Terms redeem all (but not, unless and to the extent that the relevant Final Terms specify otherwise, some only) of the PR Debt Instruments on the date specified in the Final Terms (“Optional Redemption Date”) at their early redemption amount (call) (“Early Redemption Amount (Call)”) (which shall be their outstanding nominal amount or a percentage of their outstanding nominal amount as specified in the Final Terms) together with accrued interest (if any) thereon. The notice referred to in the preceding paragraph shall specify: (a) the Series of PR Debt Instruments subject to redemption; (b) whether such Series is to be redeemed in whole or in part only and, if in part only, the aggregate nominal amount of the PR Debt Instruments of the relevant Series which are to be redeemed; (c) the due date for redemption; (d) the Early Redemption Amount (Call) at which such PR Debt Instruments are to be redeemed; and (e) whether or not accrued interest is to be paid upon redemption and, if so, the amount thereof or the basis or method of calculation thereof, all as specified in the relevant Final Terms. In the case of a partial redemption of PR Debt Instruments, the PR Debt Instruments to be redeemed will be selected by the I&P Agent or in the case of a Tranche represented wholly by Registered PR Debt Instruments, the Registrar, and notice of the PR Debt Instruments called for redemption (together with the serial numbers thereof) will be published in accordance with Condition 18 not less than 15 days prior to the date fixed for redemption.

  • Redemptions at the Option of the Trust The Trust shall have the right, at its option, upon 30 days notice to the affected Shareholder at any time to redeem Shares of any Shareholder at the net asset value thereof as described in Section 1 of this Article VI: (i) if at such time such Shareholder owns Shares of any Series having an aggregate net asset value of less than a minimum value determined from time to time by the Trustees; or (ii) to the extent that such Shareholder owns Shares of a Series equal to or in excess of a maximum percentage of the outstanding Shares of such Series determined from time to time by the Trustees; or (iii) to the extent that such Shareholder owns Shares equal to or in excess of a maximum percentage, determined from time to time by the Trustees, of the outstanding Shares of the Trust.

  • Redemptions at the Option of a Shareholder Unless otherwise provided in the prospectus of the Trust relating to the Shares, as such prospectus may be amended from time to time: (a) The Trust shall purchase such Shares as are offered by any Shareholder for redemption upon the presentation of a proper instrument of transfer together with a request directed to the Trust or a Person designated by the Trust that the Trust purchase such Shares and/or in accordance with such other procedures for redemption as the Board of Trustees may from time to time authorize. If certificates have been issued to a Shareholder, any request for redemption by such Shareholder must be accompanied by surrender of any outstanding certificate or certificates for such Shares in form for transfer, together with such proof of the authenticity of signatures as may reasonably be required on such Shares and accompanied by proper stock transfer stamps, if applicable. (b) The Trust shall pay for such Shares the net asset value thereof (excluding any applicable redemption fee or sales load), in accordance with this Declaration of Trust, the By-Laws, the 1940 Act and other applicable law. Payments for Shares so redeemed by the Trust shall be made in cash, except payment for such Shares may, at the option of the Board of Trustees, or such officer or officers as it may duly authorize in its complete discretion, be made in kind or partially in cash and partially in kind. In case of any payment in kind, the Board of Trustees, or its authorized officers, shall have absolute discretion as to what security or securities of the Trust or the applicable Series shall be distributed in kind and the amount of the same; and the securities shall be valued for purposes of distribution at the value at which they were appraised in computing the then current net asset value of the Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind shall receive cash to the extent permitted by the 1940 Act. Shareholders shall bear the expenses of in-kind transactions, including, but not limited to, transfer agency fees, custodian fees and costs of disposition of such securities. (c) Payment by the Trust for such redemption of Shares shall be made by the Trust to the Shareholder within seven days after the date on which the redemption request is received in proper form and/or such other procedures authorized by the Board of Trustees are complied with; provided, however, that if payment shall be made other than exclusively in cash, any securities to be delivered as part of such payment shall be delivered as promptly as any necessary transfers of such securities on the books of the several corporations whose securities are to be delivered practicably can be made, which may not necessarily occur within such seven-day period. In no case shall the Trust be liable for any delay of any corporation or other Person in transferring securities selected for delivery as all or part of any payment in kind. (d) The obligations of the Trust set forth in this Section 2 are subject to the provision that such obligations may be suspended or postponed by the Board of Trustees (1) during any time the New York Stock Exchange (the "Exchange") is closed for other than weekends or holidays; (2) if permitted by the rules of the Commission, during periods when trading on the Exchange is restricted; or (3) during any National Financial Emergency. The Board of Trustees may, in its discretion, declare that the suspension relating to a National Financial Emergency shall terminate, as the case may be, on the first business day on which the Exchange shall have reopened or the period specified above shall have expired (as to which, in the absence of an official ruling by the Commission, the determination of the Board of Trustees shall be conclusive). (e) The right of any Shareholder of the Trust or any Series or Class thereof to receive dividends or other distributions on Shares redeemed and all other rights of such Shareholder with respect to the Shares so redeemed, except the right of such Shareholder to receive payment for such Shares, shall cease at the time the purchase price of such Shares shall have been fixed, as provided above.

  • Optional Redemption at Election of Company Subject to the provisions of this Section 6, the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable election to redeem some or all of the then outstanding principal amount of this Debenture for cash in an amount equal to the Optional Redemption Amount on the 10th Business Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date” and such redemption, the “Optional Redemption”). The Optional Redemption Amount is payable in full on the Optional Redemption Date. The Company may not deliver an Optional Redemption Notice if there is an existing Event of Default or an existing event which, with the passage of time or giving of notice, would constitute an Event of Default. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company on the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full. Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.