Event of Loss; Mandatory Redemption Sample Clauses

Event of Loss; Mandatory Redemption. Voluntary Redemption 29 Section 3.03. Payments After Event of Default 30 Section 3.04. Certain Payments 36 Section 3.05. Payments to the Company 36 Section 3.06. Cooperation 36 Section 3.07. Securities Account 37 ARTICLE IV EVENTS OF DEFAULT; REMEDIES OF LOAN TRUSTEE 38 Section 4.01. Events of Default 38 Section 4.02. Remedies 40 Section 4.03. Remedies Cumulative 44 Section 4.04. Discontinuance of Proceedings 44 Section 4.05. Waiver of Past Defaults 45 Indenture and Security Agreement (American Airlines 2016-2 Aircraft EETC) [Reg. No.] Table of Contents (continued) Page
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Event of Loss; Mandatory Redemption. The Notes will be subject to mandatory redemption on a pro rata basis with the other Secured Obligations in accordance with the Intercreditor Agreement and the other Holdings Secured Debt Documents, upon the occurrence of any prepayment of an Operating Company Loan in connection with any expropriation, nationalization, casualty event or any other event of loss (but excluding asset sales or other events that result in an Asset Sale Repurchase Event) by any of the Operating Companies as set forth in the applicable Operating Company Loan Agreement (an “Event of Loss Mandatory Redemption”). The redemption price for any such Event of Loss Mandatory Redemption will be equal to 100% of the outstanding principal amount of the Notes being redeemed, plus accrued and unpaid interest to the redemption date, plus Additional Amounts, if any (but without payment of any premium), payable in respect of the Notes.
Sample 1
Event of Loss; Mandatory Redemption. Voluntary Redemption 26 Section 3.03. Payments After Event of Default 28 Section 3.04. Certain Payments 33 Section 3.05. Payments to the Company 33 Section 3.06. Cooperation 34 Section 3.07. Securities Account 34 Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Table of Contents (continued) Page
Sample 1

Related to Event of Loss; Mandatory Redemption

  • Mandatory Redemption The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

  • Special Mandatory Redemption If Parent does not consummate the ERICO Acquisition on or prior to December 31, 2015, or the ERICO Merger Agreement is terminated any time prior to such date (without replacement thereof) other than as a result of consummating the ERICO Acquisition, then the Company shall be required to redeem this Security on the Special Mandatory Redemption Date at a redemption price equal to 101% of the principal amount of this Security, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. Notwithstanding the foregoing, installments of interest on this Security that are due and payable on Interest Payment Dates falling on or prior to the Special Mandatory Redemption Date shall be payable on such Interest Payment Dates to the registered Securityholders as of the close of business on the relevant regular record dates. The Company shall cause the notice of a Special Mandatory Redemption to be sent, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering the obligation to effectuate the Special Mandatory Redemption to each Securityholder at its registered address. On or before the Special Mandatory Redemption Date, the Company shall deposit with the Trustee or a paying agent funds sufficient to pay the special mandatory redemption price of the Securities to be redeemed on the Special Mandatory Redemption Date. If funds sufficient to pay the special mandatory redemption price of the Securities to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or a paying agent on or before such Special Mandatory Redemption Date, and any applicable conditions set forth in the Indenture are satisfied, interest shall cease to accrue on the Securities on and after such Special Mandatory Redemption Date.

  • Mandatory Redemptions (a) The Sponsor may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor determines that: (i) such Investor’s continued holding of Units could result in adverse consequences to this FuturesAccess Fund; (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of FuturesAccess and/or HedgeAccess; (iii) such Investor’s investment in the Units, or aggregate investment in FuturesAccess, is below the minimum level established by the Sponsor (including any increase in such minimum level that the Sponsor may implement in the future); (iv) such Investor holds Class M Units and is no longer eligible to hold such Units; or (v) for any other reason.

  • No Mandatory Redemption The Company shall not be required to make mandatory redemption payments with respect to the Securities.

  • Mandatory Redemptions of Equipment Notes On the date on which the Owner is required pursuant to Section 4.05 hereof to make payment for an Event of Loss with respect to the Airframe, all of the Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid Original Amount thereof, together with all accrued interest thereon to the date of redemption and all other Secured Obligations (other than Related Secured Obligations) owed or then due and payable to the Note Holders but without Make-Whole Amount.

  • Mandatory Redemption; Open Market Purchases The Issuer shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes. The Issuer, the Investors and their respective Affiliates may, at their discretion, at any time and from time to time, acquire Notes by means other than a redemption, whether by tender offer, open market purchases, negotiated transactions or otherwise.

  • Mandatory Repurchase 19 SECTION 6.2.

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