Example ContractsClausesOptional Redemption
Optional Redemption
Optional Redemption contract clause examples

Optional Redemption. The Designated Senior Preferred Stock is perpetual and has no maturity date. The Issuer may, at its option, redeem the shares of Designated Senior Preferred Stock # in whole or in part, from time to time, on any Dividend Payment Date on or

Optional Redemption. At any time on or after August 18, 2025, the Company may, at its option and upon 30 days written notice provided to the Holder, elect to redeem the Note (in whole and not in part) and the Holder shall be obligated to surrender the Note, at a redemption price equal to 100% of the outstanding Principal Balance, together with any accrued but unpaid interest thereon to the redemption date. Notwithstanding the preceding or anything in Section 3 to the contrary, after receipt of such redemption notice from the Company, the Holder may, at its option, elect to convert the Principal Balance and accrued interest into Conversion Shares as set forth in Section 3 by giving written notice of such election to the Company no later than 5 days prior to the date fixed for redemption; provided that if the redemption notice is issued after May 31, 2027, the foregoing right of the Holder to elect to convert this Note into Conversion Shares shall not apply.

Optional Redemption. The Corporation or any Sponsor or Sponsors may at any time following the effective date of this Certificate of Designation, redeem or purchase, as applicable, without penalty, not less than all of the Shares then outstanding and pay to each Holder thereof an amount in cash in immediately available funds equal [[Organization B:Organization]] Liquidation Value of such Holder’s Shares (plus all accrued and unpaid dividends thereon, whether or not declared) as of the Redemption Date (the “Redemption”).

Optional Redemption, Optional Preferred Shares Redemption or Clean-Up Call Redemption. In connection with an Optional Redemption of the Secured Notes, an Optional Preferred Shares Redemption or a Clean-Up Call Redemption, if all requirements for such redemption set forth in this Indenture are met (or expected to be met), if necessary to effect such redemption, the Collateral Manager shall direct the Trustee to sell (which sale may be through participation or other arrangement) all or a portion of the Collateral Obligations (provided that all of the Collateral Obligations shall be sold in connection with an Optional Preferred Shares Redemption) if the requirements of Article IX (including the certification requirements of [Section 9.4(e)(ii)], if applicable) are satisfied.

Right of Optional Redemption. The Partnership, at its option, may redeem the Class Twelve Partnership Preferred Units, in whole or in part, at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000 per Class Twelve Partnership Preferred Unit, plus all accumulated and unpaid distributions thereon to and including the date fixed for redemption (except as provided in Section 6(c) below), plus a redemption premium per Class Twelve Partnership Preferred Unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption (the “Redemption Date”):

Optional Redemption. The Corporation or any Sponsor or Sponsors may at any time following the effective date of this Certificate of Designation, redeem or purchase, as applicable, without penalty, not less than all of the Shares then outstanding and pay to each Holder thereof an amount in cash in immediately available funds equal [[Organization B:Organization]] Liquidation Value of such Holder’s Shares (plus all accrued and unpaid dividends thereon, whether or not declared) as of the Redemption Date (the “Redemption”).

Optional Redemption. At the option of the Maker, at any time prior to payment in full of the unpaid principal balance of this Note, the Maker may elect to redeem: # the unpaid principal balance of this Note, or # a portion thereof, together with any accrued but unpaid interest (the “Redemption Amount”). At least twenty (20) days before the date on which the Maker elects to redeem in accordance with the provisions of this Section 4 (the “Redemption Date”), the Maker shall give the Payee written notice of its intention to exercise this right. On the Redemption Date, the Maker shall repay to the Payee the Redemption Amount.

Optional Redemption at Par. The first date on which the Bonds are permitted to be redeemed at par is set forth in Exhibit II.

Optional Redemption. The Partnership may, at its option, redeem Class Eleven Partnership Preferred Units at any time on or after the fifth anniversary of the Issue Date (but not prior to such date), in whole, or from time to time in part, at a redemption price payable in cash equal to the Redemption Price applicable thereto.

Optional Redemption, Tax Redemption or Clean-Up Call Redemption. After (x)(i) a Majority of the Subordinated Notes has directed (by a written direction delivered to the Trustee and the Collateral Manager) an Optional Redemption of the Secured Notes, # a Majority of an Affected Class or a Majority of the Subordinated Notes has directed (by a written direction delivered to the Trustee) a Tax Redemption, or # the Issuer has notified the Trustee of a Clean-Up Call Redemption, and # all requirements for such an Optional Redemption, Tax Redemption or Clean-Up Call Redemption set forth in the Indenture are met, the Collateral Manager (on behalf of the Issuer) shall direct the Trustee to sell (which sale may be through participation or other arrangement) all or a portion of the Collateral Obligations. If any such sale is made through participations, the Issuer shall use reasonable efforts to cause such participations to be converted to assignments within six months after the sale.

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