Special Redemptions. (a) If the related Terms Indenture provides for Payment Dates in respect of any Series to occur less frequently than every month, and if the Indenture Trustee or other specified Person determines (based on the assumptions, if any, and as a result of the particular circumstances, if any, specified in the related Terms Indenture and after giving effect to the amounts, if any, available to be withdrawn under any form of Enhancement for such Series) that the amount anticipated to be on deposit in the related Bond Account and available to make payments on the Bonds of such Series on the next succeeding Payment Date or other date specified in the related Terms Indenture, shall be insufficient to pay interest and/or principal expected or assumed, as the case may be, to be due and payable on the Bonds of such Series on such date, then, to the extent and subject to the conditions specified in the related Terms Indenture, the Bonds of any Class of such Series may be subject to special redemption, in whole or in part, at the applicable Special Redemption Price therefor, on a pro rata basis, on any Special Redemption Date in any calendar month during which a Payment Date does not also occur.
Appears in 5 contracts
Samples: Criimi Mae CMBS Corp, Criimi Mae CMBS Corp, Criimi Mae CMBS Corp
