Redemption Prior to Maturity Clause Samples

The 'Redemption Prior to Maturity' clause allows the issuer of a financial instrument, such as a bond, to repay the principal amount to investors before the originally scheduled maturity date. This clause typically outlines the conditions under which early redemption can occur, such as specific dates, notice requirements, or the payment of a premium to investors. Its core practical function is to provide flexibility for the issuer to manage debt obligations proactively, often in response to changes in interest rates or financial strategy, while also informing investors of the circumstances under which their investment may be repaid ahead of schedule.
Redemption Prior to Maturity. Subject to the following conditions, the Company may, at its option, redeem all or part of this Debenture prior to maturity at a redemption price of par (plus any interest accrued but unpaid to the date fixed for redemption).
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Redemption Prior to Maturity. The Bonds are subject to redemption prior to their respective maturity dates as follows:
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Redemption Prior to Maturity. 3.2.1 Subject to the terms of the relevant Series Trust Deed and the provisions of Condition 3.5 in relation to Bonds issued as Tier II Capital, the Issuer shall be entitled at any time to redeem the whole or any part of the Bonds upon giving the holders of the Bonds to be redeemed not less than three months’ notice of its intention to do so, and at the expiration of such notice, the Issuer shall be entitled and bound to redeem the Bonds in respect of which such notice has been given. Provided that such redemption shall not constitute a breach of covenant or event of default under any other agreement entered into by the Issuer. 3.2.2 In the event of the Issuer at any time determining to redeem part only of the Bond for the time being outstanding, the particular Bond to be redeemed shall be selected by drawing to be made as provided in Condition 10 or at the option of the Issuer pro rata to holdings. 3.2.3 Early redemption shall take place on such terms as shall be agreed in the relevant Series Trust Deed or on such terms as shall be determined by the Bondholders or the relevant Bondholder whose Bond is to be redeemed at 11a.m on the date set for redemption. 3.2.4 In the case of redemptions made under this Condition, not less than 3 (three) month’s previous notice in writing of the date fixed for redemption, which shall be a Coupon Repayment Date, shall be given by the Issuer to each Bondholder any of whose Bond is to be redeemed. Such notice shall state the amount of the Bond due for redemption and the condition under which such redemption is to be effected and shall name the date and place for redemption of such Bond. Provided that in the case of any Bonds which form part of the Issuer’s Tier II Capital, the right of the Issuer to an early redemption of the Bond shall be subject to the prior approval of the CBN and shall comply with the requirements of Condition 3.5 below.
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Redemption Prior to Maturity. At the option of the Company, the Notes may be redeemed at any time in whole or from time to time in part at a Redemption Price equal to the sum of (a) the greater of (i) 100% of the principal amount of the Notes to be redeemed, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest (excluding interest accrued to the Redemption Date) on the Notes to be redeemed discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 50 basis points, and (b) accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. Not more than 60 calendar days and not less than 30 calendar days prior to the Redemption Date, the Company shall mail a Redemption Notice to each Holder of Notes to be so redeemed as a whole or in part by first-class mail at its last address as the same appears on the Note register or electronically deliver (or cause to be delivered) a Redemption Notice as to Notes held through the Depositary in accordance with the Depositary’s customary procedures; provided, however, that, if the Company provides the Redemption Notice, it shall also give written notice of the Redemption Date to the Trustee. If the Company is to redeem fewer than all of the outstanding Notes and the Notes are in the form of Global Notes, the Trustee will select, not more than 60 calendar days and not less than 30 calendar days before the Redemption Date, the Notes to be redeemed. If the Company is to redeem fewer than all of the outstanding Notes and the Notes are in the form of Physical Notes, the Trustee shall select the Notes or portions thereof to be redeemed (in principal amounts of $2,000 or integral multiples of $1,000 in excess thereof) by lot, on a pro rata basis or by another method the Trustee considers to be fair and appropriate. Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption. The Notice of Redemption will specify, among other items, the Redemption Price and the aggregate principal amount of the Notes to be redeemed. The Indenture contains additional provisions with respect to any redemption of the Notes.
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Redemption Prior to Maturity. At the option of the Company, this Note may be redeemed at any time in whole or from time to time in part as follows: (a) Prior to August 15, 2023, this Note will be subject to redemption at any time at the Company’s option, in whole or in part, at the Make-Whole Price (as defined below), plus accrued and unpaid interest to, but excluding, the Redemption Date. (b) On and after August 15, 2023, this Note will be subject to redemption at any time at the Company’s option, in whole or in part, at the Redemption Price (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest to, but excluding, the Redemption Date, if redeemed during the 12-month period beginning on August 15 of the years indicated below: 2023 102.625 % 2024 101.313 % 2025 and thereafter 100.000 %
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Redemption Prior to Maturity. 3.3.1 Subject to the terms of the relevant Series Trust Deed, the Issuer shall be entitled at any time to redeem the whole or any part of the Bonds upon giving the holders of the Bonds to be redeemed not less than minimum of thirty (30) days and maximum of sixty (60) days’ notice of its intention to do so, and at the expiration of such notice, the Issuer shall be entitled and bound to redeem the Bonds in respect of which such notice has been given. 3.3.2 In the event the Issuer determines to redeem only part of the Bond for the time being outstanding, the particular Bond to be redeemed shall be selected by drawing to be made as provided in Condition 8 or at the option of the Issuer pro rata to holdings. 3.3.3 Early redemption shall take place on such terms as shall be agreed in the relevant Series Trust Deed or on such terms as shall be determined by the Bondholders or the relevant Bondholder whose Bond is to be redeemed at 11:00 a.m. on the date set for redemption.
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Redemption Prior to Maturity 
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Related to Redemption Prior to Maturity

  • Discharge Prior to Maturity The Indenture shall be discharged and canceled upon the payment of all of the Securities and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or U.S. Government Obligations sufficient for such payment.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Discharge Prior to Redemption or Maturity If the Company at any time deposits with the Trustee U.S. Legal Tender or U.S. Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or maturity and complies with the other provisions of the Indenture relating thereto, the Company will be discharged from certain provisions of the Indenture and the Notes (including certain covenants, but excluding its obligation to pay the principal of and interest on the Notes).

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Redemption and Repurchase; Discharge Prior to Redemption or Maturity This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.