Redemption, etc Sample Clauses

Redemption, etc. Following the issuance thereof, MCC will not, nor will it permit any of its Subsidiaries to, purchase, redeem, retire or otherwise acquire for value, or set apart any money for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of, or make any voluntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of, any Permitted Indebtedness, except for regularly scheduled payments or prepayments of principal and interest in respect thereof required pursuant to the instruments evidencing such Permitted Indebtedness, provided that so long as at the time thereof and after giving effect thereto no Default shall have occurred and be continuing, MCC may prepay any of the Indebtedness issued in accordance with clause (B) of paragraph (a) above.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Redemption, etc. (a) The Agency may exercise its option under Section 2.03 of the Fiscal Agent Agreement to cause the conversion of the Bonds to a different Interest Rate Mode on any Interest Payment Date prior to the Mandatory Purchase Date and the payment to the Bank of 100% of the principal amount of the Bonds plus accrued interest to the 0000-0000-0000.6 conversion date by giving or causing the Fiscal Agent to give one hundred twenty (120) days’ prior written notice to the Bank and complying with the provisions of the Fiscal Agent Agreement applicable thereto. (b) The Agency may exercise its option under Section 4.01(a)(v) of the Fiscal Agent Agreement to cause the redemption of the Bonds on any Interest Payment Date prior to the Mandatory Purchase Date at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the redemption date by giving or causing the Fiscal Agent to give one hundred twenty (120) days’ prior written notice to the Bank and complying with the provisions of the Fiscal Agent Agreement applicable thereto. (c) The Agency shall cause the mandatory redemption of the Bonds to occur in the amounts and at the times specified in Sections 4.01(b) and (c), respectively, of the Fiscal Agent Agreement. The redemption schedule of Section 4.01(b) is attached hereto and incorporated herein as Exhibit A. (d) The Agency promptly shall notify the Bank of the amount of any redemption of any Bonds, together with the date of each such redemption. (e) In the case of a conversion (as described in subsection (a)) or a redemption (as described in subsection (b)), the Agency shall adhere to the notice requirements set forth in such subsections and shall pay to the Bank the principal and interest amounts set forth in such subsections and, in addition, shall pay to the Bank the Optional Prepayment Breakage Fee as calculated by the Bank.
Sample 1
Redemption, etc. In the event of a redemption or any other similar transaction (e.g., tender made and accepted in response to an invitation of the Buyer or its Affiliates) necessitating a reduction in the aggregate principal amount of Global Securities outstanding or an advance refunding of part of the Global Securities outstanding, the Depositary, in its discretion: (a) may request Buyer to issue and authenticate a new Global Security; or (b) may make an appropriate notation on the Global Security indicating the date and amount of such reduction in principal except in the case of final maturity, in which case the certificate will be presented to Buyer prior to payment, if required.
Sample 1
Redemption, etc. (a) The Agency may exercise its option under Section [ ] of the Fiscal Agent Agreement to cause the conversion of the Bonds on any Interest Payment Date occurring prior to the Mandatory Purchase Date and the payment to the Bank of 100% of the principal amount of the Bonds plus accrued interest to the conversion date by giving or causing the Fiscal Agent to give thirty (30) days’ prior written notice to the Bank and complying with the provisions of the Fiscal Agent Agreement applicable thereto. (b) The Agency may exercise its option under Section [ ] of the Fiscal Agent Agreement to cause the redemption of the Bonds on any Interest Payment Date occurring prior to the Mandatory Purchase Date at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the redemption date by giving or causing the Fiscal Agent to give thirty (30) days’ prior written notice to the Bank and complying with the provisions of the Fiscal Agent Agreement applicable thereto. (c) The Agency promptly shall notify the Bank of the amount of any redemption of any Bonds, together with the date of each such redemption.
Sample 1
Redemption, etc. 27 --------------- Section 5.7. Certificated Securities .......................... 27 ----------------------- Section 5.8. Notice to Beneficial Owners ...................... 27 --------------------------- Section 5.9. Depositary as Proxy for Beneficial Owners ....
Sample 1
Redemption, etc of prior Security Interests If there are any Security Interests having priority to the security contained in or intended to be created by or pursuant to this Security Agreement in respect of all or any part of the Security Assets then: (a) if any proceedings or steps are being taken to exercise or enforce any powers or remedies conferred by such prior Security Interest against the Security Assets, the Collateral Agent or any Receiver may (but without prejudice to any rights the Collateral Agent or the Receiver may have under statute) redeem such prior charge or procure the transfer of such prior charge to itself or himself, as the case may be, and may settle and pass the accounts of the prior chargee and any account so settled and passed shall be conclusive and binding on the relevant Chargor(s) and the principal, interest, costs, charges and expenses of and incidental to such redemption or transfer shall be paid by the relevant Chargor(s) to the Collateral Agent on demand with interest in accordance with Clause 2.2 (Interest) and, until payment, the Security Assets shall stand secured with the amount to be so paid; and (b) all the powers, authorities and discretions conferred by a prior charge upon the chargee or any receiver under such prior charge shall be exercisable by the Collateral Agent or a Receiver in like manner as if the same were expressly included herein and the Collateral Agent or a Receiver shall be entitled to exercise all the powers, authorities and discretions of an administrative receiver, receiver, manager or receiver and manager appointed under such prior charge.
Sample 1

Related to Redemption, etc

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

  • Redemption Payments Upon receipt of monies paid to it by the Custodian with respect to any redemption of Series shares, pay or cause such monies to be paid pursuant to instructions by the appropriate Account or Institution.

  • Payment Upon Redemption (a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.03). (b) Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the holder thereof, at the expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented.

  • Redemption The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof.

  • Tax Redemption If a Tax Event (defined below) occurs, Principal Life will have the right to redeem this Agreement by giving not less than 30 and no more than 60 days prior written notice to the Agreement Holder and by paying to the Agreement Holder an amount equal to the Fund. The term “

  • Redemption of Units Any redemption of Units by the Company permitted under Article III shall be conducted in accordance with this Section 3.13. (a) The Company shall, not later than 30 days before the date fixed for redemption, give notice of redemption to the Member at its last address designated on the records of the Company or the Transfer Agent, by registered or certified mail, postage prepaid, or overnight courier of national reputation. The notice shall be deemed to have been given when so mailed. The notice shall specify the Redeemable Units, the date fixed for redemption, the place of payment, that payment of the redemption price will be made upon the redemption of the Redeemable Units (or, if later in the case of Redeemable Units evidenced by Certificates, upon surrender of the Certificates evidencing such Redeemable Units) and that on and after the date fixed for redemption no further allocations or distributions to which the Member would otherwise be entitled in respect of the Redeemable Units will accrue or be made. (b) The aggregate redemption price for Redeemable Units shall be an amount equal to the Current Market Price (the date of determination of which shall be the date fixed for redemption) of Units of the class to be so redeemed multiplied by the number of Units of each such class included among the Redeemable Units, net of any costs or expenses incurred by the Company in connection with such redemption. Subject to the Delaware Act, the redemption price shall be paid, as determined by the Company in its sole discretion, (i) in cash, (ii) by delivery of a promissory note of the Company in the principal amount of the redemption price, bearing interest at the rate of 8% annually and payable in three equal annual installments of principal together with accrued interest, the first such installment commencing one year after the redemption date (or, if later in the case of Redeemable Units evidenced by Certificates, upon surrender of the Certificates evidencing such Redeemable Units) or (iii) a combination of cash and a promissory note having the terms described in clause (ii). (c) The Member or its duly authorized representative shall be entitled to receive the payment for Redeemable Units at the place of payment specified in the notice of redemption (i) in the case of uncertificated Redeemable Units, on the redemption date or (ii) in the case of Redeemable Units evidenced by Certificates, upon surrender, on the redemption date or thereafter, by or on behalf of the Member, of the Certificates evidencing the Redeemable Units, duly endorsed in blank or accompanied by an assignment duly executed in blank. (d) After the redemption date, Redeemable Units shall no longer constitute Outstanding Units.

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Redemption of the Notes SECTION 3.01.

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

  • Redemption and Repurchase; Discharge Prior to Redemption or Maturity This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!