Common use of Special Event Redemption Clause in Contracts

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 17 contracts

Sources: Junior Subordinated Indenture (Paragon Commercial CORP), Junior Subordinated Indenture (People's United Financial, Inc.), Junior Subordinated Indenture (Greater Bay Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve Board with respect to such redemption if then required.

Appears in 14 contracts

Sources: Junior Subordinated Indenture (Hudson United Bancorp), Junior Subordinated Indenture (Nara Bancorp Inc), Junior Subordinated Indenture (Pacific Crest Capital Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 13 contracts

Sources: Junior Subordinated Indenture (Entegra Financial Corp.), Junior Subordinated Indenture (Macon Financial Corp.), Junior Subordinated Indenture (Lakeland Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 11 contracts

Sources: Junior Subordinated Indenture (Georgia Bancshares Inc//), Junior Subordinated Indenture (United Bancorp Inc /Oh/), Junior Subordinated Indenture (San Joaquin Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereofRedemption Price specified in Section 11.1 above, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 9 contracts

Sources: Junior Subordinated Indenture (Huntington Bancshares Inc/Md), Junior Subordinated Indenture (Wintrust Financial Corp), Junior Subordinated Indenture (Pab Bankshares Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereofRedemption Price specified in Section 11.1 above, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 5 contracts

Sources: Indenture (Stifel Financial Corp), Junior Subordinated Indenture (Blue Valley Ban Corp), Junior Subordinated Indenture (Mercantile Bank Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 3 contracts

Sources: Junior Subordinated Indenture (Coastal Bancorp Inc), Junior Subordinated Indenture (Matrix Bancorp Inc), Junior Subordinated Indenture (Hawthorne Financial Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred (100%) percent % of the principal amount thereofhereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Sources: Junior Subordinated Indenture (Bnccorp Inc), Junior Subordinated Indenture (Vib Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Increased Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Sources: Junior Subordinated Indenture (Temecula Valley Bancorp Inc), Junior Subordinated Indenture (Temecula Valley Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not or in partpart from time to time, at a redemption price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 2 contracts

Sources: Trust Agreement (Centennial Bank Holdings, Inc.), Junior Subordinated Indenture (Centennial Bank Holdings, Inc.)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price Redemption Price equal to one hundred percent (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”)redemption; providedPROVIDED, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 2 contracts

Sources: Junior Subordinated Indenture (Bankatlantic Bancorp Inc), Junior Subordinated Indenture (Bankatlantic Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Special Event Redemption Price"); provided, that the Company shall have received the prior approval of the Federal Reserve Office of Thrift Supervision with respect to such redemption if then required.

Appears in 2 contracts

Sources: Junior Subordinated Indenture (Blue River Bancshares Inc), Junior Subordinated Indenture (Matrix Bancorp Inc)

Special Event Redemption. Upon the occurrence and during the continuation of a Special EventEvent and provided that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent a percentage of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Increased Interest, to but excluding the date fixed for redemption as follows (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.):

Appears in 1 contract

Sources: Junior Subordinated Indenture (First Chester County Corp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred and three percent (103%), if such Redemption Date is prior to June 30, 2009, and one hundred percent (100%) percent ), if such Redemption Date is on or after June 30, 2009, of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 1 contract

Sources: Junior Subordinated Indenture (Ameris Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, Redemption Price specified in Section 11.1 above together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.

Appears in 1 contract

Sources: Junior Subordinated Indenture (Columbia Bancorp)

Special Event Redemption. Upon the occurrence and during the continuation of a Special Event, the Company may, at its option, redeem the Securities, in whole but not in part, at a redemption price equal to one hundred (100%) percent of the principal amount thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the “Special Event Redemption Price”); provided, that the Company shall have received the prior approval of the Federal Reserve with respect to such redemption if then required.. 59 [TPW: NYLEGAL:524366.4] 20829-00002 06/29/2006 09:03 PM

Appears in 1 contract

Sources: Junior Subordinated Indenture (Renasant Corp)