Common use of Right of Optional Redemption Clause in Contracts

Right of Optional Redemption. Except as provided below, the Securities may not be redeemed, in whole or in part, at the option of the Issuers prior to September 30, 2004. On and after such date, the Securities may be redeemed, in whole or in part, at the option of the Issuers, upon the terms and subject to the conditions set forth in the form of Security hereinabove recited. Notwithstanding the foregoing, prior to September 30, 2004, the Issuers may redeem up to 35% of the aggregate principal amount of Securities outstanding on the date hereof at a redemption price (expressed as a percentage of the principal amount) of 112.75%, plus accrued and unpaid interest, if any, to the redemption date, from the net proceeds of any Public Offering.

Appears in 2 contracts

Sources: Indenture (Advantica Restaurant Group Inc), Indenture (Dennys Holdings Inc)

Right of Optional Redemption. Except as provided below, the The Securities not may not be redeemed, in whole or in part, at the option of the Issuers Issuer prior to September 30January 15, 20042003. On and after such date, the Securities may be redeemed, in whole or in part, at the option of the Issuers, Issuer upon the terms and subject to the conditions set forth in the form of Security hereinabove recited. Notwithstanding the foregoing, prior to September 30from January 15, 20041998 until January 15, 2001, the Issuers Issuer may redeem up to 35% of the aggregate principal amount of Securities outstanding on the date hereof at a redemption price (expressed as a percentage of the principal amount) of 112.75110%, plus accrued and unpaid interest, if any, to the redemption date, from the net proceeds of any Public Offeringpublic offering for cash of any Equity Interests of the Issuer or any subsidiary thereof.

Appears in 1 contract

Sources: Indenture (Advantica Restaurant Group Inc)

Right of Optional Redemption. Except as provided below, the Securities may not be redeemed, in whole or in part, at the option of the Issuers prior to September 30, 2004. On and after such date, the Securities may be redeemed, in whole or in part, at the option of the Issuers, upon the terms and subject to the conditions set forth in the form of Security hereinabove recited. Notwithstanding the foregoing, prior to September 30, 2004, the Issuers may redeem up to 35% of the aggregate principal amount of Securities outstanding on the date hereof at a redemption price (expressed as a percentage of the principal amount) of 112.75[ ]%, plus accrued and unpaid interest, if any, to the redemption date, from the net proceeds of any Public Offering.

Appears in 1 contract

Sources: Indenture (Dennys Holdings Inc)