Mandatory Redemption; No Sinking Fund Sample Clauses
The "Mandatory Redemption; No Sinking Fund" clause requires the issuer to redeem, or buy back, a specified portion or all of the outstanding securities at predetermined times or under certain conditions, but does not establish a sinking fund for this purpose. In practice, this means the issuer must make scheduled redemptions according to the terms of the agreement, but is not obligated to set aside funds in advance in a separate account to ensure these payments. The core function of this clause is to provide investors with some assurance of repayment while giving the issuer flexibility in managing its cash flow, as it is not required to pre-fund redemptions through a sinking fund.
Mandatory Redemption; No Sinking Fund. The Company shall not be required to (a) make mandatory redemption payments with respect to the Notes or (b) set aside any funds for the redemption of the Notes.
Mandatory Redemption; No Sinking Fund. The Issuer will not be required to make any mandatory redemption or sinking fund payments with respect to the Notes.
Mandatory Redemption; No Sinking Fund. The Issuers shall not be required to make any mandatory redemption. The Issuers shall not be required to make any sinking fund payments with respect to the Notes.
Mandatory Redemption; No Sinking Fund. The Issuer will not be required to make any mandatory redemption or sinking fund payments with respect to the 2028 Notes.