Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;
Make-Whole Redemption Price has the meaning given to such term in Section 4.1.
Make-Whole Redemption Price shall have the meaning set forth in Section 3.01(a).
Examples of Make-Whole Redemption Price in a sentence
Prior to 25 April 2025, being the first anniversary of the Issue Date, the Company will be entitled, at its option, to redeem all or a portion of the Notes at the greater of (i) the Optional Redemption Price, and (ii) the Make-Whole Redemption Price and accrued and unpaid interest to the redemption date.
More Definitions of Make-Whole Redemption Price
Make-Whole Redemption Price has the meaning assigned to it in Section 3.01(b) hereto.
Make-Whole Redemption Price means, with respect to a redemption of the Debentures in whole or in part, the present value of a principal payment on June 15, 2017 and scheduled payments of interest that would have accrued from the Redemption Date to June 15, 2017 on the Debentures being redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate (as determined and provided to the Issuer by the Treasury Dealer) plus the Applicable Spread, plus accrued and unpaid interest to the Redemption Date.
Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.
Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes.
Make-Whole Redemption Price is defined in Section 4(c).
Make-Whole Redemption Price means in respect of each Note, (a) the principal amount of such Note or, if this is higher (b) the amount equal to the sum of the present value of the principal amount of such Note, together with the present values of the interest payable for the relevant Interest Periods from the relevant date fixed for redemption to the Maturity Date, in each case, discounted to such redemption date on a semi-annual compounded basis at the adjusted US Treasury Rate plus 0.50 per cent., all as determined by the Determination Agent;
Make-Whole Redemption Price means, in respect of each Capital Security, (a) the principal amount of such Capital Security or, if this is higher, (b) the price, expressed as a percentage (rounded to four decimal places, 0.00005 being rounded upwards), at which the Gross Redemption Yield on the Capital Securities on the Reference Date (assuming for this purpose that the Capital Securities are to be redeemed at their principal amount on the Reset Date next following the date fixed for redemption pursuant to Condition 7(d) or 8(d)) is equal to the Gross Redemption Yield (determined by reference to the middle market price) at 11.00 a.m. (London time) on the Reference Date of the Reference Bond plus five per cent., all as determined by the Agent Bank and for the purposes of the definition of Make Whole Redemption Amount: