Optional Redemption Trigger definition

Optional Redemption Trigger means the lesser of (A) the Stock Price Threshold and (B) the Conversion Premium Threshold; provided that in no event will the Optional Redemption Trigger be less than the Optional Redemption Trigger Floor.
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Examples of Optional Redemption Trigger in a sentence

  • So long as the Accelerated Redemption Trigger Date, the CCC Redemption Trigger Date or the Optional Redemption Trigger Date have not occurred, if ▇▇▇▇▇▇ ▇.

  • Following the occurrence of a Special Optional Redemption Trigger Event, the Issuers shall have the option to redeem the Notes as a whole (the “Special Optional Redemption”), upon notice as provided in this paragraph 6, at a redemption price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the special optional redemption date.

  • Each such Redemption Calculation Notice relating to a CCC Redemption, Optional Redemption or Accelerated Redemption shall include the Company’s calculation of the relevant Pro-Rated EBITDA and the Pro-Rated EBITDA Δ applicable to such CCC Redemption Trigger Date, Optional Redemption Trigger Date or Accelerated Redemption Trigger Date, as applicable.

  • Following the occurrence of a Special Optional Redemption Trigger Event, the Issuers shall have the option to redeem the Notes as a whole (the “Special Optional Redemption”), upon notice as provided in this Section 4.02, at a redemption price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the special optional redemption date.

  • Following the occurrence of a Special Optional Redemption Trigger Event, the Partnership shall have the option to redeem all, but not less than all, of the Notes (the “Special Optional Redemption”), upon written notice as provided in this Section 1.05, at a redemption price (the “Special Optional Redemption Price”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

  • At any time after the occurrence of the Optional Redemption Trigger Event and prior to the Maturity Date, the Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice in writing to the Noteholders, the Trustee and the Agents at 101 per cent.

  • Following the occurrence of a Special Optional Redemption Trigger Event, the Partnership shall have the option to redeem all, but not less than all, of the Notes (the “Special Optional Redemption”), upon written notice as provided in this Section 1.05, at a Redemption Price (the “Special Optional Redemption Price”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the Redemption Date.

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