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ALL » Topics » Section 2.6. REDEMPTION.

These excerpts taken from the ALL 8-K filed May 13, 2009.

Section 2.6.            REDEMPTION.

 

(a)           The Company may redeem the Securities, in whole or in part, at any time at a redemption price equal to the greater of (i) 100% of the principal amount of such securities to be redeemed or (ii) an amount, as determined by an Independent Investment Banker, equal to the sum of the present values of the remaining scheduled payments of principal of and interest on the securities to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 40 basis points, plus, in either of the above cases, accrued and unpaid interest thereon to the redemption date.

 

Section 2.6.            REDEMPTION.

 

(a)           The Company may redeem the Securities, in whole or in part, at any time at a redemption price equal to the greater of (i) 100% of the principal amount of such securities to be redeemed or (ii) an amount, as determined by an Independent Investment Banker, equal to the sum of the present values of the remaining scheduled payments of principal of and interest on the securities to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 45 basis points, plus, in either of the above cases, accrued and unpaid interest thereon to the redemption date.

 

EXCERPTS ON THIS PAGE:

8-K (2 sections)
May 13, 2009

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"Section 2.6. REDEMPTION." elsewhere:

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