Common use of Voluntary Redemption Clause in Contracts

Voluntary Redemption. The Securities may be redeemed at the election of the Company, at any time after the Closing Date, as a whole or from time to time in part, subject to the conditions and at the Redemption Prices specified in the form of Security, together in each case with accrued and unpaid interest to the Redemption Date. Except upon the occurrence of (a) an Asset Sale and the redemption of Securities from Net Proceeds of Asset Sale pursuant to Section 423, (b) a Stock Sale and the redemption of Securities from Stock Sale Proceeds pursuant to Section 423 or (c) a Change of Control and the redemption of Securities pursuant to Section 425, the Redemption Price shall be equal to one hundred and one percent (101%) of the principal amount of the Securities so redeemed. The Redemption Price upon a redemption of Securities pursuant to Section 423 or 425 shall be equal to one hundred percent (100%) of the principal amount of the Securities so redeemed.