Voluntary early redemption - Call Option Sample Clauses

The Voluntary Early Redemption - Call Option clause grants the issuer of a financial instrument, such as a bond, the right to redeem the instrument before its scheduled maturity date. Typically, this clause outlines the conditions under which the issuer can exercise this option, such as specific dates or periods, and may specify any premiums or penalties payable to investors upon early redemption. Its core practical function is to provide issuers with flexibility to manage their debt obligations, often allowing them to refinance or reduce interest costs if market conditions become favorable.
Voluntary early redemption - Call Option. (a) The Issuer may redeem the Outstanding Bonds (in whole or in parts) (the “Call Option”) on any Business Day from and including the Effective Date to, but not including, the Maturity Date at a price equal to 100 percent of the Nominal Amount for each redeemed Bond. (b) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee and the Bondholders at least ten (10), but not more than 15, Business Days prior to the proposed Call Option Repayment Date. Such notice sent by the Issuer is irrevocable and shall specify the Call Option Repayment Date. (c) Where a Call Option is exercised in part, settlement will be effected as a pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD.
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Voluntary early redemption - Call Option. (a) The Issuer may redeem all or some of the Outstanding Bonds (the “Call Option”) on any Business Day from and including: (i) the Issue Date to, but not including, the First Call Date at a price equal to the Make Whole Amount; (ii) the First Call Date to, but not including, the Interest Payment Date falling 30 months after the Issue Date at a price equal to [100.00 per cent. plus 50.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; (iii) the Interest Payment Date falling 30 months after the Issue Date to, but not in- cluding, the Interest Payment Date falling 36 months after the Issue Date at a price equal to [100.00 per cent. plus 35.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; (iv) the Interest Payment Date falling 36 months after the Issue Date to, but not in- cluding, the Interest Payment Date falling 42 months after the Issue Date at a price equal to [100.00 per cent. plus 20.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; and (v) the Interest Payment Date falling 42 months after the Issue Date to, but not in- cluding, the Maturity Date at a price equal to [100.00 per cent. plus 5.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds, and each of the respective call prices set out in the preceding paragraphs, shall be referred to as a “Call Price”. (b) Any redemption of Bonds pursuant to paragraph (a) above shall be determined based upon the redemption prices applicable on the Call Option Repayment Date. (c) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee at least 10 Business Days prior to the applicable Call Option Repayment Date. Any such notice (i) shall be irrevocable, (ii) shall specify the applicable Call Option Repay- ment Date and the aggregate Nominal Amount of the Bonds to be redeemed and (iii) may, at the Issuer's discretion, be subject to the satisfaction of one or more conditions precedent which shall be satisfied or waived at least three Business Days prior to such Call Option Repayment Date (and, if any such conditions precedent have not been sat- isfied or waived within such time, such Call Option shall automatically be cancelled). (d) Any Call Option exercised in part will be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD.
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Voluntary early redemption - Call Option. (a) The Issuer may redeem all or part of the Outstanding Bonds (the “Call Option”) on any Business Day from and including: i. the Interest Payment Date in May 2020 to (but excluding) the Interest Payment Date in May 2021 at a price equal to 100 per cent. of the par value of the Bonds to be redeemed; and ii. the Interest Payment Date in May 2021 to (but excluding) the Maturity Date at a price equal to 105 per cent. of the par value of the Bonds to be redeemed. (b) Any redemption of Bonds pursuant to Clause 10.3 (a) above shall be determined based upon the redemption prices applicable on the Call Option Repayment Date. (c) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee at least 10 Business Days prior to the proposed Call Option Repayment Date. Such notice sent by the Issuer is irrevocable and shall specify the Call Option Repayment Date. (d) Any Call Option exercised in part will be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the Securities Depository. (e) On the Call Option Repayment Date, the Issuer shall pay to each of the Bondholders holding Bonds to be redeemed, the value of each such Bond as per (a) above and any unpaid interest accrued thereon up to (but excluding) the Call Option Repayment Date.
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Voluntary early redemption - Call Option. (a) The Issuer may redeem all, but not only some, of the Outstanding Bonds (the “Call Option”) on any Business Day from and including the Issue Date to, but not including, the Maturity Date at a price equal to the Make Whole Amount together with the accrued, but unpaid interest. (b) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee at least 10 Business Days prior to the proposed Call Option Repayment Date. Such notice sent by the Issuer is irrevocable and shall specify the Call Option Repayment Date. Unless the Make Whole Amount is set out in the written notice where the Issuer exercises the Call Option, the Issuer shall calculate the Make Whole Amount and provide such calculation by written notice to the Bond Trustee as soon as possible and at the latest within 3 Business Days from the date of the notice.
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Voluntary early redemption - Call Option. (a) The Issuer may, at any time and one or more times, make an offer to the Bondholders to redeem all or some of the Outstanding Bonds during the tenor of the Bonds at a price suggested by the Issuer to the Bondholder. Any such request must be the made to all Bondholders and all Bondholders shall have the right to pro rata participation. (b) The redemption will be carried out at such dates and in such amounts as agreed between the Issuer and the relevant Bondholders. (c) The provisions above shall not limit the Issuer right to make separate purchases of Bonds from any Bondholder(s).
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Voluntary early redemption - Call Option. The Issuer may redeem all or part of the Outstanding Bonds (the "Call Option") on any Business Day from and including:
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Related to Voluntary early redemption - Call Option

  • Early Redemption Amounts For the purposes of paragraphs (b), (c) and (d) above, Notes will be redeemed at an amount (the “Early Redemption Amount”) calculated as follows: (i) in the case of Notes with a Final Redemption Amount equal to their principal amount, at the Final Redemption Amount thereof; or (ii) in the case of Notes (other than Zero Coupon Notes) with a Final Redemption Amount which is or may be greater or less than their principal amount or which is payable in a Specified Currency other than that in which the Notes are denominated, at the amount set out in the applicable Pricing Supplement, or if no such amount or manner is set out in the applicable Pricing Supplement, at their principal amount; or (iii) in the case of Zero Coupon Notes, at an amount (the “Amortised Face Amount”) equal to: (A) the sum of (x) the Reference Price specified in the applicable Pricing Supplement and (y) the product of the Accrual Yield specified in the applicable Pricing Supplement (compounded annually) being applied to the Reference Price from (and including) the Issue Date to (but excluding) the date fixed for redemption or (as the case may be) the date upon which such Note becomes due and repayable; or (B) if the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to paragraph (b), (c) or (d) above or upon its becoming due and repayable as provided in Condition 12 is not paid or available for payment when due, the amount due and repayable in respect of such Zero Coupon Note shall be the Amortized Face Amount of such Zero Coupon Note calculated as provided above as though the references in subparagraph (A) to the date fixed for redemption or the date upon which the Zero Coupon Note becomes due and repayable were replaced by references to the date (the “Reference Date”) which is the earlier of: (1) the date on which all amounts due in respect of the Note have been paid; and (2) the date on which the full amount of the moneys repayable has been received by the Agent and notice to that effect has been given in accordance with Condition 15. The calculation of the Amortised Face Amount in accordance with this sub-paragraph (B) will continue to be made, after as well as before judgment, until the Reference Date unless the Reference Date falls on or after the Maturity Date, in which case the amount due and repayable shall be the principal amount of such Note together with interest from (and including) the Maturity Date to (but excluding) the Reference Date at a rate per annum equal to the Accrual Yield. Where any such calculation is to be made for a period of less than a full year, it shall be made (x) in the case of Notes denominated in US dollars on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed; (y) in the case of Notes denominated in all other currencies on the basis that “Actual/Actual ICMA” shall apply, as calculated in accordance with Condition 5(b)(vi); or (z) as otherwise specified in the applicable Pricing Supplement.