Common use of Auction Call Redemption Clause in Contracts

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the “Auction Call Period”), the Notes and the Preferred Shares shall be redeemed, in whole but not in part, if a Successful Auction is completed (such redemption, an “Auction Call Redemption”), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall be sufficient to pay the Total Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August or February during the Auction Call Period (such Payment Date, the “Auction Call Redemption Date”).

Appears in 1 contract

Samples: Cdo Servicing Agreement (Gramercy Capital Corp)

AutoNDA by SimpleDocs

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 January 2015 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the "Auction Call Period"), the Notes and the Preferred Shares shall will be redeemed, redeemed in whole but not in part, if a Successful Auction is completed (such redemption, an "Auction Call Redemption"), at their applicable Redemption Prices; provided provided, that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August January or February July during the Auction Call Period (such Payment Date, the "Auction Call Redemption Date").

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 January 2017 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the “Auction Call Period”), the Notes and the Preferred Shares Certificate shall be redeemed, in whole but not in part, if a Successful Auction is completed (such redemption, an “Auction Call Redemption”), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August January or February July during the Auction Call Period (such Payment Date, the “Auction Call Redemption Date”).

Appears in 1 contract

Samples: Capitalsource Inc

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 April 2017 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the “Auction Call Period”), the Notes and the Preferred Shares shall Income Notes will be redeemed, in whole but not in part, if a Successful Auction is completed (such redemption, an “Auction Call Redemption”), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall and each Synthetic Asset will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used on the applicable Redemption Date for such Auction Call Redemption shall will be sufficient to pay the Total Auction Call Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August or February during the Auction Call Period (such Payment Date, the “Auction Call Redemption Date”).

Appears in 1 contract

Samples: Management Agreement and Servicing Agreement (CBRE Realty Finance Inc)

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August July 2016 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the “Auction Call Period”), the Notes and the Preferred Shares shall will be redeemed, in whole but not in part, if a Successful Auction is completed (such redemption, an “Auction Call Redemption”), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Auction Call Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August January or February July during the Auction Call Period (such Payment Date, the “Auction Call Redemption Date”).

Appears in 1 contract

Samples: Cdo Servicing Agreement (Gramercy Capital Corp)

AutoNDA by SimpleDocs

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August April 2016 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the "Auction Call Period"), the Notes and the Preferred Shares Securities shall be redeemedredeemed by the Issuer, in whole but not in part, at their applicable Redemption Prices if a Successful Auction is completed (such redemption, an "Auction Call Redemption"), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Redemption Price. An Auction Call Redemption may occur only occur on a Payment Date occurring in August April or February October during the Auction Call Period (such Payment Date, the "Auction Call Redemption Date").

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 January 2017 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the "Auction Call Period"), the Notes and the Preferred Shares Securities shall be redeemedredeemed by the Issuer, in whole but not in part, at their applicable Redemption Prices if a Successful Auction is completed (such redemption, an "Auction Call Redemption"), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Redemption Price. An Auction Call Redemption may occur only occur on a Payment Date occurring in August January or February April during the Auction Call Period (such Payment Date, the "Auction Call Redemption Date").

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Auction Call Redemption. (a) During the period from and including the Payment Date occurring in August 2016 July 2015 and to but not including the first Payment Date on which the Clean-up Call may be exercised (the “Auction Call Period”), the Notes and the Preferred Shares shall will be redeemed, in whole but not in part, if a Successful Auction is completed (such redemption, an “Auction Call Redemption”), at their applicable Redemption Prices; provided that any payments due and payable upon a termination of each Hedge Agreement shall will be made on the Auction Call Redemption Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Auction Call Redemption shall will be sufficient to pay the Total Redemption Price. An Auction Call Redemption may only occur on a Payment Date occurring in August January or February July during the Auction Call Period (such Payment Date, the “Auction Call Redemption Date”).

Appears in 1 contract

Samples: Gramercy Real (Gramercy Capital Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.