Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

Optional Redemption Premium has the meaning set forth in the Statement.

Optional Redemption Premium means with respect to each Series 2051 RVMTP Share to be redeemed an amount equal to:

Examples of Optional Redemption Premium in a sentence

According to the terms of the PIK Indenture, neither the Applicable Premium nor the Optional Redemption Premium is due.
On or after June 1, 2026, the District may optionally redeem the Series 2018 Note, in whole, on any Interest Payment Date upon three (3) Business Days prior written notice to the Lender; provided, however, that if any such optional redemption occurs in the 9th or 10th year after the Closing Date, the District shall also pay to the Lender the Optional Redemption Premium.
Accordingly, the Trustees have failed to meet their burden of demonstrating entitlement to additional adequate protection in the form of a claim equal to the Optional Redemption Premium.
An unsatisfactory clinical rating results in a course grade of F.
Alternatively, the Trustees argue that they are entitled to adequate protection in the amount of their alleged claim for the Optional Redemption Premium.

More Definitions of Optional Redemption Premium

Optional Redemption Premium means with respect to each Series 2015 MTP Share an amount equal to:

Optional Redemption Premium has the meaning set forth in the Statement. The word “or” is used in its inclusive sense.

Optional Redemption Premium has the meaning set forth in the Articles Supplementary.

Optional Redemption Premium means with respect to each Series 2022 VMTP Share to be redeemed an amount equal to:

Optional Redemption Premium has the meaning attributed thereto in Exhibit A hereto.

Optional Redemption Premium has the meaning set forth in the Notice.

Optional Redemption Premium means, with respect to any Series, the premium, if any, payable by the Fund upon the redemption of VMTP Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.