Redemption From Unexpended Proceeds Sample Clauses

Redemption From Unexpended Proceeds. Subject to compliance with Section 10.2 of the Indenture, Outstanding Series 1999-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 4, 2000, for which notice can be given in accordance with subsection (E) of this Section 16, at a Redemption Price equal to 100% of the principal amount of Series 1999-1 Notes so redeemed, from proceeds of the Series 1999-1 Notes constituting that portion of the Balance of the Series 1999-1 Acquisition Account that have not been used to acquire Eligible Loans by April 4, 2000, and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. The Trustee shall transfer any such moneys to the credit of the Series 1999-1 Retirement Subaccount for such purpose without any further authorization or direction.
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Redemption From Unexpended Proceeds. In accordance with and for purposes of Sections 5.2(e) hereof, the Series 2017-I Bonds maturing on July 1, 2057 are subject to special redemption prior to maturity, in whole or in part on August 1, 2018, at a Redemption Price equal to 100% of the Aggregate Principal Amount of the Series 2017-I Bonds maturing on July 1, 2057 or portions thereof to be so redeemed, together with accrued interest to the date of redemption, from amounts transferred to the Series 2017-I subaccount of the Special Redemption Fund from the Series 2017-I subaccount of the Acquisition Account pursuant to Section 5.2(d) hereof.
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Redemption From Unexpended Proceeds. Subject to compliance with Section 10.2 of the Indenture, Outstanding Series 1999-1 Notes may and, under the circumstances described in the next succeeding sentence, shall be redeemed, in whole or in part, on any regularly scheduled Interest Payment Date (in the case of the Series 1999-1 Senior Notes) or on any date (in the case of the Series 1999-1C Notes), at a Redemption Price equal to 100% of the principal amount of Series 1999-1 Notes so redeemed, from proceeds of the Series 1999-1 Notes constituting a portion of the Balance of the Series 1999-1 Acquisition Account that have not been used to acquire Eligible Loans and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. Such redemption shall be required on the regularly scheduled Interest Payment Date occurring in ____________, for the Series 1999-1 Senior Notes, and on _____________, for the Series 1999-1C Notes, from such sources not so used by _______________, unless the Corporation delivers to the Trustee: (i) a Corporation Certificate certifying that, based on a Cash Flow Projection, the failure to redeem such Series 1999-1 Notes will not materially adversely affect the Corporation's ability to pay Debt Service on the Outstanding Notes and the Outstanding Other Obligations, Carry-Over Amounts (including accrued interest thereon) with respect to Outstanding Notes, Administrative Expenses or Note Fees or to make required deposits to the Indemnification Fund, and (ii) written confirmation from Xxxxx'x and Fitch to the effect that the failure to redeem such Series 1999-1 Notes will not result in a reduction or withdrawal of the rating of the Series 1999-1 Notes. The Trustee shall transfer any such moneys to the credit of the Series 1999-1 Retirement Subaccount for such purpose without any further authorization or direction.
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Related to Redemption From Unexpended Proceeds

  • 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.

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Investment of Special Payment Moneys Any money received by the Trustee pursuant to Section 4.01(b) representing a Special Payment which is not distributed on the date received shall, to the extent practicable, be invested in Permitted Investments by the Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Permitted Investments having maturities not later than the date that such moneys are required to be used to make the payment required under Section 4.02 on the applicable Special Distribution Date and the Trustee shall hold any such Permitted Investments until maturity. The Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04, other than by reason of the willful misconduct or negligence of the Trustee. All income and earnings from such investments shall be distributed on such Special Distribution Date as part of such Special Payment.

  • Partial Redemptions, Payments, Etc The Custodian shall promptly advise the Fund or its designee upon its notification of a partial redemption, partial payment or other action with respect to a Security affecting fewer than all such Securities held within the Account. If the Custodian, any Foreign Custodian, Depository or Foreign Depository holds any Securities affected by one of the events described, the Custodian, the Foreign Custodian, Depository or Foreign Depository may select the Securities to participate in such partial redemption, partial payment or other action in any non-discriminatory manner that it customarily uses to make such selection.

  • Investment of Proceeds Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.2.

  • Application of Payments and Proceeds Upon Default If an Event of Default has occurred and is continuing, Bank shall have the right to apply in any order any funds in its possession, whether from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or otherwise, to the Obligations. Bank shall pay any surplus to Borrower by credit to the Designated Deposit Account or to other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, directly or indirectly, enters into a deferred payment or other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor.

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