Other Mandatory Redemption Event Clause Samples
The 'Other Mandatory Redemption Event' clause defines specific circumstances under which an issuer is required to redeem securities before their scheduled maturity. Typically, this clause outlines events such as regulatory changes, loss of licenses, or other significant occurrences that trigger the issuer’s obligation to buy back the securities from holders, often at a predetermined price. Its core function is to protect investors by ensuring they can recover their investment if certain critical events occur that could materially affect the value or legality of the securities.
Other Mandatory Redemption Event any other event specified as an applicable Mandatory Redemption Event, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date. If a Mandatory Redemption Event has occurred prior to the Maturity Date, Base Condition
6.1 of the Notes shall not apply and the Notes shall be redeemed on the Mandatory Redemption Date notwithstanding that the Maturity Date may fall prior to such Mandatory Redemption Date.
Other Mandatory Redemption Event any other event specified as a Mandatory Redemption Event, the Issuer will give a Notice of Redemption and will redeem a portion of the Notes equal to the portion that the Affected Assets bears to the Assets at their Mandatory Redemption Amount on the Mandatory Redemption Date.