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ALL » Topics » ARTICLE IV REDEMPTION OF THE DEBENTURES

These excerpts taken from the ALL 8-K filed May 10, 2007.

ARTICLE IV
REDEMPTION OF THE DEBENTURES

SECTION 4.1.                        Redemption Price.  The Debentures shall be redeemable in accordance with Article Eleven of the Base Indenture; provided that the Debentures are redeemable at the option of the Company

(a)           in whole or in part, at any time, prior to May 15, 2017, in cases not involving a Tax Event or Rating Agency Event, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date or (ii) the applicable Make-Whole Redemption Price;

(b)           in whole, but not in part, at any time prior to May 15, 2017, within 90 days following the occurrence and during the continuation of a Tax Event or a Rating Agency Event, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date or (ii) the applicable Make-Whole Redemption Price; and

(c)           in whole or in part, at any time on or after May 15, 2017, a Redemption Price equal to 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date;

provided that if the Debentures are not redeemed in whole, the Company may not affect such redemption unless at least $25 million aggregate principal amount of the Debentures, excluding any Debentures held by the Company or any of its affiliates, remains outstanding after giving effect to such redemption.

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ARTICLE IV
REDEMPTION OF THE DEBENTURES

SECTION 4.1.                        Redemption Price.  The Debentures shall be redeemable in accordance with Article Eleven of the Base Indenture; provided that the Debentures are redeemable at the option of the Company

(a)           in whole or in part, at any time, prior to May 15, 2037, in cases not involving a Tax Event or Rating Agency Event, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date or (ii) the applicable Make-Whole Redemption Price;

(b)           in whole, but not in part, at any time prior to May 15, 2037, within 90 days following the occurrence and during the continuation of a Tax Event or a Rating Agency Event, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date or (ii) the applicable Make-Whole Redemption Price; and

(c)           in whole or in part, at any time on or after May 15, 2037, a Redemption Price equal to 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest to the Redemption Date;

provided that if the Debentures are not redeemed in whole, the Company may not affect such redemption unless at least $25 million aggregate principal amount of the Debentures, excluding any Debentures held by the Company or any of its affiliates, remains outstanding after giving effect to such redemption.

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EXCERPTS ON THIS PAGE:

8-K (2 sections)
May 10, 2007

RELATED TOPICS for ALL:

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