Common use of Redemption Upon Death or Disability Clause in Contracts

Redemption Upon Death or Disability. Within 60 days of the death or Total Permanent Disability of a holder who is a natural person (a “Holder Redemption Event”), the estate of such Holder, such Holder, or legal representative of such Holder may request that the Company repurchase, in whole but not in part, the Class B Bonds held or beneficially held by such Holder (including Class B Bonds of such Person held or beneficially held in his or her individual retirement accounts) as prescribed in the Indenture.

Appears in 4 contracts

Samples: Bond Agreement (MCI Income Fund VII, LLC), Bond Agreement (MCI Income Fund VII, LLC), Bond Agreement (MCI Income Fund VII, LLC)

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Redemption Upon Death or Disability. Within 60 days of the death or Total Permanent Disability of a holder who is a natural person (a “Holder Redemption Event”), the estate of such Holder, such Holder, or legal representative of such Holder may request that the Company repurchase, in whole but not in part, the Class B Bonds held or beneficially held by such Holder (including Class B A Bonds of such Person held or beneficially held in his or her individual retirement accounts) as prescribed in the Indenture.

Appears in 1 contract

Samples: Bond Agreement (MCI Income Fund VII, LLC)

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Redemption Upon Death or Disability. Within 60 days of the death or Total Permanent Disability of a holder who is a natural person (a “Holder Redemption Event”), the estate of such Holder, such Holder, or legal representative of such Holder may request that the Company repurchase, in whole but not in part, the Class B A Bonds held or beneficially held by such Holder (including Class B A Bonds of such Person held or beneficially held in his or her individual retirement accounts) as prescribed in the Indenture.

Appears in 1 contract

Samples: Bond Agreement (MCI Income Fund VII, LLC)

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