Common use of Clean-up Call; Tax Redemption and Optional Redemption Clause in Contracts

Clean-up Call; Tax Redemption and Optional Redemption. (a) The Notes may be redeemed at the option of and at the direction of the Collateral Manager, in whole but not in part, on any Payment Date (the "Clean-up Call Date"), on or after the Payment Date on which the Aggregate Outstanding Amount of the Notes has been reduced to 10% of the Aggregate Outstanding Amount of the Notes on the Closing Date, at a price equal to the applicable Redemption Price (such redemption, a "Clean-up Call"); provided, that any payments due and payable upon a termination of each Hedge Agreement will be made on the Clean-up Call Date in accordance with the terms thereof and this Indenture; and provided, further, the funds available to be used for such Clean-up Call will be sufficient to pay the Total Redemption Price.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

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Clean-up Call; Tax Redemption and Optional Redemption. (a) The Notes may be redeemed at the option of and at the direction of the Collateral Manager, in whole but not in part, on any Payment Date (the "Clean-up Call Date"), on or after the Payment Date on which the Aggregate Outstanding Amount of the Notes has been reduced to 1015% of the Aggregate Outstanding Amount of the Notes on the Closing Date, at a price equal to the applicable Redemption Price (such redemption, a "Clean-up Call"); provided, provided that any payments due and payable upon a termination of each Hedge Agreement will be made on the Clean-up Call Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Clean-up Call will be sufficient to pay the Total Redemption Price.

Appears in 1 contract

Samples: Gramercy Real (Gramercy Capital Corp)

Clean-up Call; Tax Redemption and Optional Redemption. (a) The Notes may be redeemed at the option of and at the direction of the Certificateholder or the Collateral Manager, in the latter case, unless the Certificateholder objects, in whole but not in part, on any Payment Date (the "Clean-up Call Date"), on or after the Payment Date on which the Aggregate Outstanding Amount of the Notes has been reduced to 1015% of the Aggregate Outstanding Amount of the Notes on the Closing Date, each at a price equal to the applicable Redemption Price (such redemption, a "Clean-up Call"); provided, provided that any payments due and payable upon a termination of each Hedge Agreement will be made on the Clean-up Call Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Clean-up Call will be sufficient to pay the Total Redemption Price.

Appears in 1 contract

Samples: Capitalsource Inc

Clean-up Call; Tax Redemption and Optional Redemption. (a) The Notes may be redeemed by the Issuer at the option of and at the direction of the Collateral ManagerManager (such redemption, a "Clean-up Call"), in whole but not in part, at a price equal to the applicable Redemption Prices on any Payment Date (the "Clean-up Call Date"), ) on or after the Payment Date on which the Aggregate Outstanding Amount of the Notes has been reduced to 10% of the Aggregate Outstanding Amount of the Notes on the Closing Date, at a price equal to the applicable Redemption Price (such redemption, a "Clean-up Call"); provided, provided that any payments due and payable upon a termination of each Hedge Agreement will be made on the Clean-up Call Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Clean-up Call will be sufficient to pay the Total Redemption Price.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

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Clean-up Call; Tax Redemption and Optional Redemption. (a) The Notes may be redeemed at the option of and at the direction of the Collateral ManagerManager (such redemption, a "Clean-up Call"), in whole but not in part, at a price equal to the applicable Redemption Price on any Payment Date (the "Clean-up Call Date"), ) on or after the Payment Date on which the Aggregate Outstanding Amount of the Notes has been reduced to 10% of the Aggregate Outstanding Amount of the Notes on the Closing Date, at a price equal to the applicable Redemption Price (such redemption, a "Clean-up Call"); provided, provided that any payments due and payable upon a termination of each Hedge Agreement will be made on the Clean-up Call Date in accordance with the terms thereof and this Indenture; and provided, further, that the funds available to be used for such Clean-up Call will be sufficient to pay the Total Redemption Price.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

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